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Then don't buy tomorrow.
It was an IPO/Spinoff failure. Completely different. But the bottom line is that said model is garbage. It's a miner'....and very late to the game.
I just don't want to spend my Thursday night arguing whether it is an opportunity cost or a conservative profitable sell. Who cares?
Whether the line of credit is fully used or if they owed $4.95 mil and paid off a couple hundred k from that amount or they owe $7 mil.
The company just bought a lot of land, had professional fees of $3 mil for startup. Has $3mil in goodwill. It is obviously in it's initial start up phase. Yet they brought in $1.7 mil in revenue early on. They are just starting their bitcoin mining in June of 22.
? What... They borrowed over USD4.5 Million within three Months... and As of March 18, 2022, we had borrowed $4,812,121 from Ecoark.
You think they just stopped there....? It's maxed out and was dependent on the spin off IPO that didn't happen. It was a bust.
Well, that is much better. Thanks.
The $4.7 Million as you noted is from December 31, 2021. That was over 7 Months ago. On Sept 30,2021..the amount owed to Parent was $350,517
? I am not arguing anything...just stating what is. For f' sake.. selling to avoid a downside is just being conservative. End of discussion.
Ok mister Webster. Not really up for arguing words today, but thanks.
Are you saying Hoagland is Foote's parents? Mother or father? It should be a straightforward answer, but lately I hear men can get pregnant... so I'll ask.
And it isn't $7 mil:
No..it's not. That is not how it works. It is an over used word that is embellished. Just because you sell something at a certain price and it goes higher or lower in the future has absolutely nothing to do with the term opportunity cost.
David the alleged rapist?
Must be someone else.
No, I made quite a bit on ETH recently. I sold at $1754 but it is now $1883. That difference in a day would have made me - just under $2300. That is opportunity costs.
No..."As for your innuendo, the selling company knows that you don't pick up $60mil worth of stock in a company with $120mil market cap in expectation of selling your shares. If they dumped, they might get $3mil if they were lucky. They are in it to win it."
Their subsidiary "Digital" will be bankrupt come September 30th(post). HMBL is willing to take on $17.5 Million of debt and take such off of the parents books($7.5 Million) and $10 Million in new debt dependent on consummation. They are not willing to give them cash for such(smart)...but they are willing to give them somewhere between .6 Billion to 1 Billion in shares(converted to common for example). And so it goes...
Sent to the SEC.
They obviously went a different route.
Re-read it. Says $4.7 mil of a $7.5 line of credit.
My guess is that the company will need to reassess selling securities. The SEC is slow rolling all crypto companies until they can figure out what they have. Mining seems to be the focus based on the PR. The company also has other things moving forward such as $100k a month in oil revenues.
You lost $2300...period. You thought it was going to drop so you cut. Nothing wrong with that..but never associate such as an opportunity cost. You simply made an adjustment.
They had a gross profit of $400k. They lost money on admin and selling exp. Check out their intangibles - happens often with new companies. With a merger/acquisition, those costs will be eliminated soon. First we will see a large hit on goodwill - $60 mil, then we will start to see profits.
Because of this:
It will be interesting to see what liabilities come with the transaction.
But reviewing that S-1 it is somewhat obvious why Ecoark is selling Agora.
Next question is how much do they have to raise the AS to account for the new class of prefs (assuming they are convertible)…or how big an RS to accommodate?
Also ....:
Said failed IPO owes Ecoark Holdings Inc a $7.5 million term note @ 10% which is due Sept 30th..and by their own admission..will not be extended.
Well there ya go! I knew something was fishy with that deal.
And why are they having problems with their S1 as well?
https://www.sec.gov/cgi-bin/browse-edgar?company=Agora+Digital+Holdings%2C+Inc.+&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany
https://www.sec.gov/Archives/edgar/data/1886015/000121390022021648/fs12022a7_agoradigital.htm
But that last amendment was April…and nothing since. Can we expect a notice of withdrawal soon?
I invested in TSLA at $220 and they didn't make a dime at that time. The CEO was literally sleeping under his desk. Things looked bleak. Unfortunately I sold at only a small profit. I got caught up on message board posts saying the sky was falling.
Agora had a $3.3 million loss on $890K in revenue in the last three months of 2021.
You mean HMBL S1 becoming effective?
I guess they didn't tell you:
https://www.otcmarkets.com/filing/html?id=15971869&guid=j71-k65yvZMXB3h
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF EFFECTIVENESS
Effective Date: July 27, 2022
Form: S-1
CIK: 0001119190
Company Name: HUMBL, INC.
File Number: 333-261403
Most posts are comical as they are not fact based. The bottom line is even with the clown show, this based on what we know is doomed.
Fins will make investors cringe.
Good seeing you oceans. And yes, I love the gestures of fairness everywhere. "Everyone else is bad for making money, but when we take your money it is for the benefit of mankind - so shut up and bend over."
Read the S1 amendment no7 before making that claim.
Why hasn’t that S1 been deemed effective after all this time?
You have to admit it’s pretty funny when some pretend to take the moral high ground, as if it’s somehow unethical to take profits on a security.
Just today I bought a jar of Jiffy peanut butter.
I wonder if the manufacturer felt any guilt about about selling it to me for more than it cost him?
I mean, the ethical thing would be to sell it to be at his cost, right?
Just like the car I bought last year.
Profit is baaaaaaad LOL
O11
Yep, another insider is paying big bucks to watch this grow. Think someone would sink $10 mil of his company's money into HMBL unless he knew it was destined to be exponentially bigger?
Agora Digital Holdings -
https://www.sec.gov/cgi-bin/browse-edgar?company=Agora+Digital+Holdings%2C+Inc.+&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany
https://www.sec.gov/Archives/edgar/data/1886015/000121390022021648/fs12022a7_agoradigital.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
Amendment No. 7 to
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
_____________________
Agora Digital Holdings, Inc.
(Exact name of registrant as specified in its charter)
_____________________
Nevada
7374
87-2830596
(State or other jurisdiction of
incorporation or organization)
(Primary Standard Industrial
Classification Code Number)
(I.R.S. Employer
Identification No.)
145 King Street, Suite 410
Charleston,
South Carolina 29401
(800) 219-0518
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
_____________________
William B. Hoagland, CFA
Chief Executive Officer
145 King Street, Suite 410
Charleston, South Carolina 29401
(800) 762-7293
That name rings a bell. Will be interesting to see the names behind it and how they fit in.
Another deal with one of the insiders?
I mentioned earlier today about new funding and what it might mean to the share structure.
I will keep an eye on the Authorized shares in Delaware to see if they increase anything.
What?
and whose money do you think you are holding when you sold your shares for such a handsome profit?
Sorry plenty in the HUMBLFam were buying what was the top and at every dip all the way down trying to average down.
A good example was this tweet from one of the main promoters/HUMBLFam
Decency @ funtradergirl - tweet directed at Brian
“@humblceo remember the podcast when u said u went OTC to stay true to “the tenets of DeFi” by giving us commoners a chance? As of now I paid $6 a share at $1.50 pre-RS. Split me again & I paid $8-$10 a share? How is this different than going IPO? U are losing ur core values $HMBL
With good news after good news, our PPS will rise.
NYSE only requires $1 ps.
How much more powder do u think we have? We have sacrificed vacations, put kids college $ in,401K $ in, have worked extra job for more $HMBL shares.
Do u realize how much people have tried to accumulate?”
——
So basically you are probably enjoying some kids college fund, retirement money, vacation money.
Best not to brag too much about that.
Couple things you might have missed. Says contracts in place. They also are mining bitcoin for actual money. So your math is a bit fuzzy. Even if both end up a small amount at present, the acquisition adds another branch to this business and brings a ton to the table.
When you buy a company that includes people continuing on, you are paying for their expertise. They also have experience in uplisting. Gonna happen and I would guess soon.
Also, they will be paid in stock. Which means that the people who are going to hand over $10 mil in cash and contracts and expertise and an ongoing business, they just invested heavily in a stock called HMBL.
As for your innuendo, the selling company knows that you don't pick up $60mil worth of stock in a company with $120mil market cap in expectation of selling your shares. If they dumped, they might get $3mil if they were lucky. They are in it to win it.
They are spending $60 million in company equity for $5 million in Bitcoin mining equipment and $10 million in cash.
That is a 50% increase in the equity for value of $15 million….that is about $0.02 per share.
Brian has shown a tendency to over pay for things.
No wonder Ecoark did the deal…they are probably wondering how they made out so well.
Will be interesting to see the details on the designation of that preferred stock…convertible perhaps?
I was just reponding to your response about how the stock did since it's unprecidented run up. 328,000% up. Nope, not a mistake in the decimal points. 328,000%. I know of no other stock that has a similar record in a matter of months.
Perspective is everything.
The stock left the atmosphere for a breif moment and then settled way up high on the mountains. A 20,000% run up is still incredible, but not good enough for some because someone surely bought at $7.00, right? Someone sold at that price too.
Those who can't see the forrest for the trees are those who didn't get in on the run up. Sitting on the sidelines is the saddest place to be on a stock that runs 328,000%.
BTW, any commentary on todays PR? I'm pretty excited. I am guessing you are too.
Sure people who sold at the top or anywhere close to it made bank.
I was merely responding to your statement that it is currently up 20,000% from Nov 2020 as if that has any meaning. In order for it have meaning to someone now, as in their HMBL account balance is up 20,000%…means they at one point they had an account that was up 1.5 MILLION percent and have watched that steadily erode away.
But I get it…many who got caught in this thing when it was “dollars” because they bought into the bullshit are now praying that lighting strikes twice.
And that is extremely unlikely for a variety of reasons.
HUMBL Announces Entry Into Agreement To Acquire Agora Digital In All Stock Transaction.
Has it been approved by Ecoark yet? The closing of the acquisition is subject to satisfaction of certain closing conditions. The primary closing condition is that Ecoark and its executive team are required to source a minimum of $10,000,000 in capital for HUMBL prior to the transfer of ownership of Agora Digital to HUMBL.
Brian Foote
@humblceo
·
53m
William (Brad) Hoagland is a skilled C-Level operator. Strategic, polished, tenacious.
Exactly what we need to upgrade #HUMBL management roster, raise capital and drive revenues.
This allows me to focus 100% on global brand, media, products, blockchain tech and sales growth.
Excellent post great summary and yes dont believe .05 is coming...lol
HUMBL ANNOUNCES ENTRY INTO AGREEMENT TO ACQUIRE AGORA DIGITAL IN ALL STOCK TRANSACTION
August 11, 2022 16:35 ET | Source: HUMBL, Inc.
...
COMBINED FINTECH COMPANY WOULD OFFER A SUITE OF CONSUMER AND ENTERPRISE BLOCKCKHAIN PRODUCTS, ALONG WITH DIGITAL ASSET MINING SOLUTIONS
HUMBL CONTINUING STRATEGIC PLAN TO TAKE STEPS NEEDED TO UPLIST TO A NATIONAL EXCHANGE
San Diego, California, Aug. 11, 2022 (GLOBE NEWSWIRE) -- HUMBL, Inc. (“HUMBL” or the “Company”) (OTC Markets: HMBL) announced today that it has executed a definitive agreement to acquire Agora Digital Holdings, Inc. (“Agora Digital”), a blockchain technology company focused on Bitcoin mining. Agora Digital is a majority owned subsidiary of Ecoark Holdings, Inc. (“Ecoark”) (NASDAQ: ZEST).
The closing of the acquisition is subject to satisfaction of certain closing conditions. The primary closing condition is that Ecoark and its executive team are required to source a minimum of $10,000,000 in capital for HUMBL prior to the transfer of ownership of Agora Digital to HUMBL. The owners of Agora Digital would receive $60,000,000 in a new class of preferred stock in consideration for selling their interests in Agora Digital. Additional details will be provided at a future date via a Form 8-K to be filed by the Company with the definitive agreement and other transaction documents.
HUMBL believes this acquisition will be beneficial for two primary reasons. First, Agora Digital has secured significant power contracts and has developed scalable infrastructure for Bitcoin mining in an ESG sensitive manner. Upon securing the funding required to close, a portion of those funds can be used to generate revenues for HUMBL through Bitcoin mining. Second, Agora Digital’s management team has deep experience running public companies and has gone through the exchange uplisting process. They are being brought on specifically to lead the uplisting of HUMBL to a national securities exchange.
Upon completion of the transaction, Brad Hoagland will be appointed as CEO and Brian Foote will move to an Executive Chairman role. Brad will focus on running day-to-day operations and leading the uplisting process. Brian will still be intimately involved with HUMBL and will be freed up to focus on product ideation, design, sales, business development, blockchain technology, media relations and creating and implementing the Company’s strategic vision.
“Agora Digital provides an instant entry for HUMBL into digital asset mining,” said Brian Foote, Chairman and CEO of HUMBL. “Furthermore, with the addition of Brad Hoagland, CEO of Agora Digital, HUMBL obtains a C-Level executive who has successfully uplisted a company from the OTC to a national securities exchange and has acted as an officer of a NASDAQ company. This transaction is the next step of the strategic plan to put HUMBL in the best position to apply to uplist to a national securities exchange and deliver a full Web 3 stack of consumer, enterprise and mining products into the public markets.”
“We believe that decentralized blockchain technologies will be a significant driver of financial market innovation over the next decade,” said Brad Hoagland, CFA, CEO of Agora and Board Member of HUMBL. “HUMBL’s Web3 consumer and enterprise product stacks are the perfect complement to Agora’s power infrastructure and digital asset mining capabilities. I am looking forward to taking a key role in the new combined company in order to position HUMBL for long-term success across a full stack of blockchain products and services in the public markets.”
About HUMBL
HUMBL is a Web 3, blockchain platform with consumer products and commercial services.
About Agora Digital
Agora Digital is a Bitcoin mining and blockchain technology company with power contracts and scalable infrastructure in West Texas. The company is pursuing bitcoin mining projects in both North and South America.
So HMBL will get $10 mil in cash and own Agora.
The parent company of Agora will get $60 mil of preferred stock.
They will bring in talent and contracts (revenue) from Agora including:
1. bitcoin mining
2. experience uplisting to NYSE - gonna happen
Foote becomes Chairman of the board
Hoagland becomes CEO
I am thinking .05 ain't going to happen. Sorry
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HUMBL will allow you to send, receive, exchange and borrow money at up to an estimated 50% savings vs. competitors.
HUMBL will be working with partners in Latin America, Caribbean, Africa and the Asia Pacific in countries that have been overlooked or underserved by traditional payments and financial service providers.
CLASS ACTION
LAWSUITS FILED
Quick review of claims
2. Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business and operations. Specifically, Defendants made false and/or misleading statements and/or failed to disclose (1) that the HUMBL Pay App did not have even the basic functionality that it promised investors; and (2) that several of its hyped international business partnerships had a very low chance of contributing material revenues to the Company’s bottom line. As a result, the Company’s public statements were materially false and misleading at all relevant times. 3. Defendants also sold a series of highly speculative unregistered securities called BLOCK Exchange Traded Index (“ETXs”) products. These
https://www.humbllawsuit.com/_files/ugd/157867_cd077ccd1b51499996606718b32b36dc.pdf
NEW YORK, NY / ACCESSWIRE / May 20, 2022 /Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against HUMBL, Inc. ("HUMBL" or the "Company") (OTCMKTS:HMBL)and certain of its officers
https://www.barrons.com/articles/shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-humbl-inc-hmbl-investors-of-class-action-and-encourages-investors-to-contact-the-firm-01653059779
*
HUMBL is a Web 3 platform with product lines including:
The HUMBL Wallet™, HUMBL Search Engine™, HUMBL Social™
HUMBL Tickets™, HUMBL Marketplace™
and HUMBL Authentics™
For more information, visit - https://www.humbl.com
Company Update - Q2-Q4 2023 - May 18, 2023
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