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You are right on. Price has been in this very narrow channel from 3bil shares out to 12 bil shares out. I don't see that very often. Ok... never.
Someone is keeping the price from falling. There is no doubt. Further, the large number of shares displayed at the ask while the bid doesn't change, is often a tactic to collect shares at the bid.
This has been a crazy stock to watch... a bit boring at times, but I still expect it to see .05 very soon - if not much higher. Then a RS. A fall by 30%. And then 3 months later, a substantial rise.
#HMBL $HMBL , holding it's value here. It's not fluctuating very much even if there's some dilution for a good reason.
Who knows 🧐 . Cio' avverra' col tempo
Mantenendosi forte. Ciao. Do your due diligence.
Well… He had a tendency…… To visit these boards regularly……?
Well...looks pretty criminal....maybe..lol. There's a pattern. The kid's just about out of business.....
Maybe he’ll file bankruptcy, but either way a contractual obligation was not met.
Damages were incurred, and frankly, I personally believe it reaches beyond what has been stated here or in the lawsuit .
Hopefully it does not go to criminal intent ?
That's just spitn' in the wind.. :) They will never see anything over the $1 million already received. Pacific Lion's preferred will be the payout. They will be canceled. They have no money.
After making so much money with TSNP, I can’t believe I bought back into this shit 💩show. Just a little bit at these lows to see what would happen, but NOTHIN is happening! Lol! Just a turd if a company now! Shane on you Brian!
Simple answer is 3 to 5,000,000 minimum time will tell and it will be a hard lesson for them to learn
?Won't answer that..but... I am certainly a realist. Fernane et al have no money. They only have other peoples money. How much fn' cash do you think Humbl could ever recover?. You know what it is....from the sale of the preferred C's:
USD 1 Million rough.
He can't convert them now. Maybe he can sell/transfer them...but they are worthless and will never be converted via any channel from Fernane.
That's my understanding of damages...lol. fks' sake
I guess you’re not an attorney either understanding damages that were caused failure to complete contractual obligations!
They converted and sold the first draw..the one that was actually paid for, and were only able to convert $137,000 for the second one.
My take was they did convert more but only were able to sell the $137,000 worth.
BF made another great deal as usual.
Oh..I know...but they actually converted more. Humbl got fkd' hard by them...really hard.
I was referring to this part of the complaint which specifically states shares sold.
Pacific Lion converted over $137,000 of Archura’s note that it has not paid
for and is not entitled to. Pacific Lion then received those shares and sold them into the
market in contravention of federal securities laws
I posted this way back in December...it was noted in the complaint filed yesterday:
OMOLIVES
Re: None
Tuesday, March 12, 2024 8:55:30 PM
Post# of 121560
Patric Fernane(Pacific Lion and preferred shareholder holder) ...back in court via Liqueous:
Complaint alleging the “unauthorized share transfer” of 2.5 million shares in Shengfeng Development Limited in Mid-Castle Development Limited, described as a British Virgin Islands company based in China v. Liqueous LP, of Delaware, USA, and Jacob Fernane, of North Miami Beach, Florida, USA, at the U.S. District Court for the Southern District of Florida.
https://www.pacermonitor.com/public/case/52280466/MidCastle_Development_Limited_v_Liqueous_LP_et_al
That is the second time within a year. The kid is dirty. And so it goes...
They already received roughly USD1 Million. Pacific Lion is not going to be able to convert those shares..they will be cancelled and returned.
No..they actually converted over $340,000, of which....$156,000($137,000 converted) was theft/fraudulent. That made everything fraudulent concerning the third party note purchase.
complaint
https://acrobat.adobe.com/id/urn:aaid:sc:US:ae4d7ebb-0cd8-4db0-8f63-25026e53b54f
They are definitely green when it comes to running a public company. It is likely why Sharp cut ties. It is likely why Foote stepped down for a second. It is clearly seen in deals like buying a hotel room at the Hard Rock. But Foote seems to be an expert in blockchain and is now finding a way to monetize it (other than a cartoon icon). I know that you and Olives think that the Tickeri deal was terrible, but I think it will likely be foundational should HMBL make it through this. Selling off ETX was a great move considering it is still unclear how the SEC will regulate them. Though if ETX fails completely, the stock they received will be worthless too.
I once served as a witness in a case where a CEO had no clue how much damage a toxic lender could cause until it was too late. The FBI prepped me on my testimony and we talked at length about how CEO's walk into toxic financing. Once they get in bed with one, it is very difficult to get out. Worse than joining a gang in Chicago. I can believe Foote had no idea what he was doing when he got involved. If you have access to Westlaw, look up NJ toxic debt cases. Off the top of my head, I am thinking a pivotal case happened in 2012?
From what I can see, he court documents show that Pacific Lion converted over $137,000 of Archura’s note. I did not see anything else.
What really gets me is the following from the complaint:
At the time Humbl entered into the Agreement, Humbl was
unaware that Pacific Lion is a toxic lender.
WTF, are Brian and the crew that dumb?
It would be bs unless you sat in and listened to the conference call that PL had independent of HMBL. For a while I believed that PL was who they said they were - and they may actually be - who knows. There is still someone keeping the price in a channel that is helping out stockholders. You don't dump 9bil shares from 3 bil shares and have the price maintained - and even go up a bit unless someone is holding it up. I originally thought it had to be PL - and it still may be that they are on the ask and the bid and just playing the spread. If you go back a couple weeks, I posted that I believed that someone people wouldn't expect is likely sitting heavy on the ask. That would be PL.
During the conference call Jacob said that he was going to support the stock price. He said that the stock price should rise to .003's and stay there for a few months. He said that his company would provide an innovative way to address the share structure. If HMBL has a copy of that recording, they will likely win on stating that the price would rise based on his control over a large portion of the stock and giving stock advice. I found those comments odd at the time, but figured they must know what they were doing - in not opening themselves up to legal jeopardy. I personally bought more stock based on his .003's prediction.
And here is a final thought on the subject... If they were able to sue in NJ, there is case law that says toxic lending is usury and can be voided - the debt would be wiped out completely. There are a few other states that have ruled similarly, but NJ has the best case law. Hopefully that is an avenue that is being pursued.
The filing shows Pacific Lion has converted debt into shares from Archura. But the bottom line is either Management here are complete idiots or they actually may be co conspirators. This suit could get interesting I believe.
Pacific Lion agreed to buy the note by making three payments to Archura.
Pacific Lion made the first payment to Archura, but breached the Archura Note
Purchase Agreement by failing to make the final two payments. Consistent with their
conduct as it relates to the Securities Purchase Agreement, and on information and
belief, Defendants knew when entering into the Archura Note Purchase Agreement that
Pacific Lion had no intention of making the required payments.
Pacific Lion converted over $137,000 of Archura’s note that it has not paid
for and is not entitled to. Pacific Lion then received those shares and sold them into the
market in contravention of federal securities laws
I wouldn’t be so sure about that I am no atterny, but I think they’ve got a pretty good case.
Well..I am certainly surprised that they didn't do their own research regarding the kid. That would have taken less than 5 minutes...I'm thinking that they didn't care as long as they got their money. Can't believe he cut them off half way...lol.....and why didn't they take action sooner. It's been over 5 Months since ...and you know they obtained funds elsewhere.
They won't get any money and just cancel those preferred c that were issued.
What a pile of pure bullshit!
On information and belief, Pacific Lion is a toxic lender that specializes
in predatory lending practices aimed at microcap companies in need of capital. As a
toxic lender, Pacific Lion provides, inter alia, financing in the form of convertible
debt—that is, debt that can be converted to stock, almost always at a steep discount to
market price.
. At the time Humbl entered into the Agreement, Humbl was
unaware that Pacific Lion is a toxic lender.
Oh wow....what was I saying Months ago about Humbl being tied down by Pacific Lion as only source of funding. Now we see the truth...
#HUMBL is now suing Pacific Lion 😂$HMBL and Brian Foote are a complete joke, and IMO, they took this deal because they themselves are corrupt and inept.https://t.co/gZvxdQykDx pic.twitter.com/OPnV4rEtGy
— Prav (@FiatP2P) March 14, 2024
oooops....make that three times in several Months...patty boy may just be a lost cause after all.
Well that will be another mark against HMBL!
Humbl suing PAC lion
Check out @Mattchez message on Stocktwits http://stocktwits.com/Mattchez/message/565802711
I’m not sure I agree with that statement this time you either have ethics or you don’t you either demonstrate them or you don’t, but I will also tell you that I do not discount Hymers recommendation and involvement ! All in my opinion, of course
Yeah...he had me at his profile picture ;). I think his father was a resort manger..like "area/district manger" or something like that..back in the day. Not sure of my memory..lol. Maybe I'm wrong.
It's not too late for him...he's only roughly 30 years old, so maybe he'll learn. Well, he's definitely learning...quick. :)
HMBL - Pretty potent here today.
Buy the fear sell the cheer.
HMBL
68mil share buy at the ask….
Waiting for the HMBL deal to implode.
I tend to agree with you by the way
Patric Fernane(Pacific Lion and preferred shareholder holder) ...back in court via Liqueous:
Complaint alleging the “unauthorized share transfer” of 2.5 million shares in Shengfeng Development Limited in Mid-Castle Development Limited, described as a British Virgin Islands company based in China v. Liqueous LP, of Delaware, USA, and Jacob Fernane, of North Miami Beach, Florida, USA, at the U.S. District Court for the Southern District of Florida.
126 million on the bid
Hopefully someone dumps on them
I don’t think the bid really wants to “buy” the shares lol
$HMBL Pace of dilution seems to be easing off towards the end of 2023. However, it has picked up in the past two months, averaging ~836M per month. The interesting thing is, it doesn't affect the market cap all that much. 9-month avg is at ~$9.5M. pic.twitter.com/s89GE1ss2Z
— Perry (@perry314181) March 12, 2024
$HMBL otcmarkets updated just now. O/S as of 3/11/24 is 12,961,676,233, representing an increase of 555M. At today's close $0.0009, market cap is at $11.7M. All 555M went into Restricted. pic.twitter.com/p2GpooRBc4
— Perry (@perry314181) March 12, 2024
Watch for the Annual report due Monday, April 01, 2024, and pay attention to the notes payable, convertible notes and the class B preferred.
The class B shares had a Balance of 390,380 September 30, 2023 which equals 4 billion shares alone.
Once the debt has been retired completely, I believe the normal burn rate to be somewhere around 600 to 800,000,000 shares per month at current levels all in my opinion!
Is that why? I don’t remember reading that in the filing
They increased to 22 billion because of commitments.
It’s actually quite easy as soon as those prior commitments have been met that part of the delusion will stop completely!
I don't know how the dilution can be stopped as the shares are for prior commitments.
An blatant scam. PPS and dilution speak for itself. I got $60K in losses on this one. It is real
Brian Foote, look what it is now...HMBL, wow.
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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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