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Mine was based on the relationship George and Sapi have with this company. And all those warrants they own that are out of the money.
George has been using Forwardly as well - sticking Humbl warrants and BLOCKS there.
George has every reason in the world to do what he can to save his existing investments in this company. Plus his ongoing advisor contract paying him $30k a month.
https://www.sec.gov/Archives/edgar/data/1119190/000149315221032548/ex10-58.htm
2. Remuneration.
(1) Client will pay Consultant for services at a rate of $30,000 per month by transferring this payment into a nominee bank account of the Consultant. This fee shall be paid semi-annually, in advance of the commencement of each quarter, with the first payment of $180,000 to be paid on January 3, 2022 and the second payment to be paid on July 3, 2022.
(2) Client shall issue to Consultant an aggregate total of 7.5 million shares of its common stock, currently quoted on OTC Market Group’s “OTC Link” platform under the symbol “HMBL”. These shares shall be vested as follows: (a) 5 million shares shall be vested on January 3, 2022 and will be referenced on the Client’s current “S-1” Registration Statement, now before the SEC with the intention of having these shares registered for sale upon the Registration Statement being deemed effective; (b) 2.5 million shares shall be vested on July 3, 2022 and will be referenced on the Client’s subsequent “S-1” Registration Statement which will be filed with the SEC within 90 days of the deemed effectiveness of the initial “S-1” Registration Statement.
(3) Client shall pay a performance bonus to Consultant of $250,000 upon achieving a NASDAQ listing, even if the milestone is achieved after the expiration/termination of this contract, such bonus shall be paid to Consultant within 14 days of the achievement of that milestone.
(4) The Client will reimburse the Consultant for pre-approved business expenses.
I’d say that’s just as good common sense as yours.
And that family money (Sartorii) will only go so far.
Time will tell here. I’m patient!
All I know is quiet period is over !
Flawed statement?? How is it flawed if you are agreeing with it.
If I knew it for a fact, I would have said it as a matter of fact.
Instead - I based my guess on an established relationship with this bank. What you said made no sense at all. My response to your “guess” was based in solid logic, and common sense.
$HMBL
I predicted just the opposite:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169489087
Plus I said it would be followed by a stream of good news press releases hoping to support the pps while the S1 shares could be sold.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169491515
I’m expecting a press release by Friday.
didn't notice the PPS drop on S-1 approval spoken of by many HMBL haters.
I agree with you in this the original was a flawed statement. Not so hard to follow the posts.
We are golden here $HMBL
Probably endless why bother we are on path to NASDAQ
HUMBL is Not a scam. Deal with it.
HMBL is a scam. Deal with it.
Pay attention...lol
Do you know for a FACT they won’t be involved in further financing? Unless you know that as a fact that statement would not be flawed at all.
Like you “guessing” that bank - I’m guessing George or a related party.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169510531
We should be hearing shortly as Brian did mention that bridge loan being arranged in that progress report.
slingshot is pulled back, and will release by Friday. Might close over .1 today. Can someone run a quick IHub search on how many times the terms 'scam' and 'non-reporting' were used to describe HUMBL?
I wasn’t disputing your “facts”, I was disputing your flawed statement:
“Or maybe George or Sapi will make the loan - or Forwardly.
Just keep shuffling funding back and forth. “
$HMBL
The S1 was approved by the SEC. HUMBL is now a fully reporting company under the SEC’s guidelines.
Huge news!
GL
$HMBL
Temporary pop.
Will close red by Friday's close.
Already well invested in HMBL. I own many FORW. GLA, Strik
Could it be time to get back in this? Looking strong end of day here....what gives? Anybody?
Great dd guys. This thing is gonna moon!!
It was the day before yesterday.
I’m not the one with “flawed” information.
Brian’s tweet Feb 11
8. Lastly, HUMBL has contractual obligations to get the S-1 approved, and it is important that we make it as simple as possible for the SEC to do so at this time.
I agree - it isn’t going to be easy. They’ve fought very hard to keep moving forward despite the tough economic times. I give them great credit for that, and they have me and 10’s of thousands of others still behind them through it all.
Nothing in life is guaranteed. We shall see how it plays out.
$HMBL
I say that to show your statement was in fact, flawed.
$HMBL
As the sp moves up some may sell. And as revenues go up the sp should stabilize higher than where it is.
However when news breaks, this can run in lieu of big revenues and in spite of some selling. It went from .0001 to .11 on a rumour, and from .03 to 1.93 on a vision. All with around 4 billion OS and 6 billion AS.
Where this company hits it big is still unknown. But I’m convinced they will start seeing some solid revenues and move into overseas markets for the biggest score - the international P2P.
Time will tell. Today is a big step forward IMO.
$HMBL
and they are taking all of the necessary steps to follow the rules of the SEC to get there.
You say that like they have a choice.
They had contractual deals that required them to register those shares.
Looking at the COIN s1 filing once effective - the filing wasn’t accepted until just past midnight the following day (April 2) It was effective at 4pm april 1st though.
“Form EFFECT - Notice of Effectiveness: SEC Accession No. 9999999995-21-001252
Accepted
2021-04-02 00:15:20
Documents
1
Effectiveness Date
2021-04-01
Registration Form
S-1
”
This one according to that Humblpay tweeted said effective 10am. So filing could show up today or by tomorrow.
Is that tweet account considered the company account for releasing material events?
The fact that someone jumped the gun yesterday (or was it the day before) having received a pm from 3rd party about approval suggested someone had leaked that info.
If that was the case - then they certainly wouldn’t have gone through all of the time, effort, and expense of the S1, OTCQB, to become fully reporting.
They have goals, and they are taking all of the necessary steps to follow the rules of the SEC to get there.
$HMBL
No institutions will buy this. They will look at the financials and say this company makes no revenue. And they spend to much on goodwill. They will see expenses like a blue monkey for 400k smh. They will see red flags and swipe left
The ice is getting thinnere.
So apparently insider information was leaked. Happens often....but usually confined to just a few...not a spam email..lol. Now comes the pain.
I can't wait to see the uploads and correspondence letters.
Now they should be a hoot.
Or maybe George or Sapi will make the loan - or Forwardly.
Just keep shuffling funding back and forth.
Sorry I am a true skeptic about all this re-pivoting and all the changes made along the way.
To move forward they need more funding.
If that bridge loan Brian mentioned is coming from another related party instead of a reputable financial institute - I wouldn’t be so confident selling shareholders would want to keep hanging on.
In case you didn’t notice the economy is struggling and Brian did mention making cut backs like everyone else. And this whole blockchain idea is under the microscope of the SEC looking at how to regulate it.
It ain’t gonna be an easy task to simply move forward.
Just amazing that so called investors do not know the basics on filings.
Good point. But at the same time the SP will ONLY move up significantly with serious revenue and some B holders( maybe a majority ) will be anxious to start cashing out a certain % over the next few legs up.
There are still limitations on the amount of shares preferred B holders can sell, and will continue to be as these restrictions are included in their filings.
While I can’t say who would actually sell their shares at these prices knowing it’s very likely the sp will rise as the company moves forward, they still are restricted to a very limited amount per quarter.
$HMBL
Wow let’s see if all this was worth it. Lfg humbl longs
It will be interesting how they spin the acquisition of TSNP in a SEC filing, and even more interesting if blue sheets are pulled.
I’m going to guess First National Bank in Tennessee will be among the first banks to give them a solid loan.
$HMBL
Would they be the one that spread the rumor yesterday through private messages?
Yeah I’ll take them more seriously when I see SEC quarterly and audited annual reports. But that certainly doesn’t mean that I would buy them!
They still need funding. So let’s see who is willing to step up first since they are “SEC REPORTING” now.
Some might not see that S1 as a good thing.
As most of those shares are not adding anything to the company. The majority of the warrants are out of the money.
One of the many Humbl employees. I would imagine it’s either Glenn or upwards on the org chart.
$HMBL
Brian Foote retweeted
Humbl @humblpay
We are happy to announce that our S-1 registration statement is now effective as of July 27, 2022 at 10 AM EST.
This is a significant milestone for our company and we look forward to the next chapter of the journey ahead.
#HUMBL
——-
Who controls that HUMBLpay twitter site?
I can’t say what George has posted or not. He has me blocked. Lol
I can confirm it though.
Once you are able to confirm it - will you honour your statements regarding “you won’t take Humbl seriously until they become fully reporting…”?
Just curious.
$HMBL
Absolutely! If you are a pref B shareholder and can sell now!
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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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