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Business is booming! LOL. There will be a stampede to use HMBL products! Not!
THREE MONTHS ENDED MARCH 31, 2024
REVENUES $342,379
COST OF REVENUES $292,469
GROSS PROFIT $49,910
Total Operating Expenses $2,615,640
Thanks for the Hopium! SMH
Narrator: He in fact did not make $2 Million in 2021
How much are you stuck in the CE $COA?
Dead $$ that you can’t get back minus your 40% taxes you supposedly paid…
That’s all???
Guess the panic button was hit early!!!
I made $8.6mil.
No they aren't. Try to keep up. Almost all of the shares were to eliminat the debt. I have dealt with government contracts before. Generally a requirement of doing business with the government is to show a viable business. That means a plan to stay in business that doesn't include dumping shares to survive. It means little or no debt. For a public company, it means a proper share structure.
My guess is that the rush to eliminate debt was done to get a government contract. I said this back in February. The OS mean very little. The debt meant everything. They wiped out the debt and it cost all shareholders a smaller piece of the pie. It will benefit the shareholders if they are able to get a contract that makes the stock worth bucks. So when Surf stated that no signs of life were visible - "no factual belief..." whatever, he was wrong. The elimination of debt is a huge sign. Did you notice that someone dumped shares to bring the price down to .0003? Did you notice that the selling pressure dissipated? There is still selling, but the price rose to .0004-5 range again. I think we will see it move up a bit from here soon. Even if it doesn't, the next Q will tell us about any remaining debt. If the toxic debt is gone and Monster is gone, all we have is 120mil shares a month that will likely be reduced to 4mil a month with a 30 to 1 RS.
You are the troll that you complained about in the question and answer board.
When a company doesn't have a product on the first day, they will spend money to create that product - without an actual factual income. The company has been creating a business from day one. If anyone thought that there would be no debt and no dilution, they have no clue how businesses are funded.
Now, Foote spent money he shouldn't have - lots of it. It isn't unusual for a company to waste money on ideas. Foote probably felt rich in the beginning and likely didn't understand the slow painful amount of time it takes to bring a similar product to market. Much of his ideas were decent, but a few expensive ones didn't pan out - like ETX. Though ETX will likely come back into the mix soon enough. I think after this hits, he should pay the company back out of his own pocket for about $10mil in wasted money for things like a cartoon monkey and a purchased hotel room and an expensive office and....
The only question for stock holders here is... "when will the government wallet and/or a successful ticketing venue come online?" The ticketing thing already is in play. They will likely receive a little from the AFL, but they are building a resume of operations that can be duplicated for any other venue - regardless of how the AFL does. The Santa Cruz wallet thing should be up and running soon enough. I haven't heard of any complaints and I don't believe anyone else has either. I haven't looked into the deal, but I thought a decision was to happen in June. I know the original agreement stated something to the effect that when the deal is finalized, the city could use the wallet for any or all other gov functions. So it isn't just about fishing licenses and dog tags - or whatever they are doing now.
As for the big scary RS... a RS will kill investors if they do it when there is still enough toxic debt to control the stock price AND there is no viable product (and the company hasn't figured out how to hype the business). Foote isn't good at hype, so he needs a viable product. I believe that the city wallet AND the ticketing venue could go into play at any moment. It could happen in cities across California. It could happen at any or every concert hall in the country. It could happen Monday. It could happen in 6 months. It could happen in a year. Just based on the amount of fraud in ticketing and identity theft in documents, I believe it will happen and that HMBL's method seems to be sound enough.
If the company announces that they got one of the two above on Monday, along with a 30 to 1 RS, the stock would rise to about 3 cents until the RS. At that point, the stock will move to dollars (RS adjusted). Why? A stock with 500mil shares that has created a system that can be duplicated across America at very little or no additional cost and the payout could be huge - that would bring the stock way up. This business model is similar to Clear Secure (ticker YOU) trading at about $18 and IMO way unvervalued. RS specific = Take a look at Priceline after their RS. Take a look at PPHM (now CDMO) after their RS. There are not many RS's that caused the price to appreciate, but those companies that eliminated debt and then properly conveyed their plan to success, made bank. 1000 bagger, 5 bagger... An RS is just a slicing of a pie in smaller pieces and selling those pieces for equally more money. So I will end up with 62mil shares after a 30 to 1 RS. But those shares will be worth 30 times more. All the same. If they are able to convert the wallet or the ticketing venue idea into a winner, I will be sitting very pretty and you will be shaking your head.
Chuckles… I am only hopeful that you didn’t figure this out just now. 😂
NoMoDo
Member Level
Re: carlson post# 122386
Saturday, June 08, 2024 2:29:58 PM
Post#
122387
of 122395
The RS was too small and done too early (before any debt could be retired). What messed up the company was out of control spending in the beginning, failure to secure enough loans to cover the time to completion, and providing a former founder too many free shares without asking for additional work. The latter was likely an attempt to buy needed tech instead of dealing with a lawsuit later down the road. He thanked the company by dumping his shares on the open market the second he was able to sell - billions of shares.
At this point, the debt is almost under control. They still will have about 120mil shares dumped into the market every month for the next year starting mid July,
But the shares are for acquisitions
There is no factual reason to believe the company will be profitable in the near future. As for the shares, they are dumping over 1 billion per month.
A gentle R/S to quote George Sharp, would be meaningless. I predict a big R/S that will wipe out investors with a rapid PPS decline which will further kill investors..
As of March 28, 2024, there were 12,961,676,233 shares of the registrant’s Common Stock outstanding.
Outstanding Shares 15,641,452,474 06/07/2024
Authorized Shares 22,500,000,000
Skeeeroooo the retail investors, a common theame.
THEAME
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
In old English law. A royalty or privilege granted, by royal charter, to a lord of a manor, for the having, restraining, and judging of bondmen and villeins, with their children, goods, and chattels, etc. Glan. lib. 5, c 2.
It's a wipe out
Then a rinse repeate again R/S that right a Reverse Split will decimate shareholders AGAIN.
Good thing I made huge $ selling off my shares long ago.
The writting was on the wall early I should have sold earlier but I still made big $
Skeeeroooo the retail investors, a common theame.
I still have small amount shares from the last run. After split a few years back it is still sinking. I think they are looking to make this debt free and controlling on spendings.
I am expecting down trend will hit no bid here before to make run.
More like death by a thousand cuts!! Lol 😂
This is crashing rapidly and there is no sign of any revenue production in the foreseeable future.
a profit from ticket sales, gov wallet, and or the social media/business use, Nothing but Hopium. How many years of a nothing burger? Look at the financials without laughing!
actually made money on the Arena Football League, There is no way that s happening!
Is The Newest Arena Football League Already Collapsing?
https://defector.com/is-the-newest-arena-football-league-already-collapsing
The RS was too small and done too early (before any debt could be retired). What messed up the company was out of control spending in the beginning, failure to secure enough loans to cover the time to completion, and providing a former founder too many free shares without asking for additional work. The latter was likely an attempt to buy needed tech instead of dealing with a lawsuit later down the road. He thanked the company by dumping his shares on the open market the second he was able to sell - billions of shares.
At this point, the debt is almost under control. They still will have about 120mil shares dumped into the market every month for the next year starting mid July, but that is nothing considering the total OS and the cost of 120mil shares. Once they can show a profit from ticket sales, gov wallet, and or the social media/business use, the company will have value. Provided they can show a profit. Still a big risk, but at this point, I believe well worth the risk.
The company will need to do a RS soon enough. This time a minimum of about 15 to 1, but more likely 30 to one. That would make the 120mil/month share dump a 4 mil share dump give or take. If they do the RS at the same time as an announcement that they just retired the regular debt (which they already did this month) AND that they just got a gov contract OR they actually made money on the Arena Football League, we could see a 1000x increase in stock price. As someone wise once said....
carlson
Re: Stinger2014 post# 41143
Wednesday, June 05, 2024 4:22:00 PM
Post# of 41192
So even with a R/S this stock could surprise us to the UPSIDE???
Reverse split messed everything up!!!!!
Why do you think so? Just curious.
WOW!!! Brian and George really messed this up!!!!!!!!!!!!!!
On hs one person? S2 why humbl prs Oregon when they aren't playing anymore and aren't in a league no answer from bf and the! other users praising bf lol they sound like modo
1130 users it's bunk they steal news from X and post on hs
It is a POS and not desirable. SMH
(WATCH) REAL WORLD TEST...
— Markeyz (@shopmarkey) June 6, 2024
Showing speed and detail of the BLUE AI assistant by HUMBL PRO/HUMBL SOCIAL$GME $AMC $APE $CRTD $FNGR $MMTLP $BBBY $GNS #NakedShorts $HMBL $NSAV pic.twitter.com/yPrmzeCIQW
If I rewind CNBC on my DVR, I will go back to watch the amazing Brian Foote!
Correct.000001 soon
Stock feels like it might break out of it's channel upward. Not looking for a big move upward unless we see an unusual PR, but maybe .0009? Nothing tangible. Just a feeling. I think maybe a week or two at most if not sooner.
I don't want you to sell.
In fact, keep buying.
Maybe Sharp is in hot water as he has gone silent for months.
0004..jhchrist Foote and sharp really reamed all after making themselves multi millionaires off this scam......spongetech 2.0
how isn't sharp indicted yet? Mr scambusters himself before he found out crime pays better in the pink sewers
Have you seen the O/S - there are plenty of shares for everyone.
Hmmm, so you don't like scam - how about:
fraud, swindle, flimflam, shakedown, bunco, sham, grifter...
I personally like securities fraud.
I have been around long enough to know if Surf says it is a scam - bank it because it is more fraudulent activity.
IG
Selves champs of the West lol
Room is dead like the stock in other news Oregon bears declared them
https://finance.yahoo.com/news/blackrock-launches-first-tokenized-fund-222700828.html
Sorry Brian you were beat once again.
Only an idiot would believe I want anyone to sell because I want to buy. The rampant dilution will drive this to .0001 sooner than later. And then I still would not buy as a R.S is guaranteed. Even with T+1 it will still take days for brokers to clear everything for trading while the insiders will enjoy a dump a thon while bag holders watch their investment drop even further. SMH
You do remember. Try something other than the word scam. The board members like better verbage to convince them to sell. Just saying.
Only an idiot would buy now with a pending R/S and mounting dilution that will not go away anytime soon..
I see you are working in hard on a Saturday. With a little luck and your great work we both might get those 3's you have been working so hard for.
This company is doomed. Soon a R/S and as for any revenue stream it seems very unlikely.
Football ticketing was at best a fiasco. Nothing else seems to be working. The online permits seem to be going nowhere. Even if successful. the revenue appears to be minimal. One would think the powers that be would look hard at a company that has done nothing but fail before they institute an across the board plan. Institute a county wide permit system and HMBL goes down should be a major concern.
All the debt was created by bf London and trips nyç Peru Oregon v3gàs and then lies on his bio yàle mit so he basically bitçoñned everyone
It will likely double come July. They are decreasing in value and taking a back seat. There is about 3.4 billion left after converting to common..so that impact is mostly gone.
https://www.globenewswire.com/en/news-release/2023/05/31/2679488/0/en/HUMBL-Extends-Limitations-for-Series-B-Preferred-Stock-Conversions.html
what horseshit here:
May 31, 2023 09:00 ET | Source: HUMBL, Inc
“Reducing dilution is essential to drive value for our shareholders and prepare the company for an uplisting to a major exchange,” said Brian Foote, CEO of HUMBL.
Looking at your numbers and doing some rereading where do the preferred shares fit into the ongoing dilution.
It appears that once there is a R/S the preferred will still have a long way to go.
Insiders selling at $1.00 possible?
You are playing the violin 🎻 on the Titanic!!
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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
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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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