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I don't believe you understand what fiduciary duty entails.
You misunderstood. He threatened to take Foote to court based on Foote's potential breach of fiduciary duty which include - among other things, Rs, toxic debt and mismanagement of funds. Do a little research on fiduciary responsibility of the board to stockholders. You focused on the RS, that Sharp didn't want at the specific time it was delivered, but the biggest thing was the toxic debt. Go back and reread your posts - you kept bringing up RS's. Frankly a RS and a forward split should never affect price because it is just dividing a fixed pie into a different number of pieces. In actuality, it affects the stock price because most investors are ignorant.
And I rarely call people names... that is Surf that calls people names - read his last post to me.
child
I made $8.6mil. Sold all but 500k shares just in case the stock moved up. I have bought and sold on the way down. I now own a lot of shares, but the value is just under $63k. If you are looking at what I held and not the profit I made, I am at a major loss. I expect to still make money on the remaining shares, but I have a long way to go.
As for shedding a tear for Sharp. You must be smoking something that is only legal is a few states right now. I think Sharp is at times an ass. I think he is a genius at other times. I will invest in his stocks because he is honest. At all times, I'd buy the guy a beer if he would spend the drinking time telling me things he knows. I know holding his stocks will take longer because he hasn't figured out that the OTC is about BS and he doesn't do bs very well.
HMBL was not a reporting company. They didn't need to report the RS. Do I think it was prudent? Sharp told everyone about a RS of XDSL on a Friday during the day. A company he was consulting. The RS was 5000 to 1. I owned a ton of that stock. He felt he was warning shareholders so they could get out before Monday's move.
I owned a ton of that stock. In a day I lost $45k because I was out of town on that Friday. I eventually managed to sell what I had (minus 9 odd shares) for another major loss.
If he didn't say anything, the stock would have stopped trading on Monday, there would have been a 3 day wait to sell, and then people might not have dumped it to nothing. So yea, I think the 4 to 1 RS would have been better for stockholders if nobody reported it until after it happened.
Sharp didn't drive the RS. That is absurd. Go back to the time of the RS. Go back to the the week of the Brighton toxic 50mil deal. Go back to two days before the deal was cancelled. Go back to the week that Brighton stepped back into the picture. All those times had GS post certain things. They tell the story. Cmon. Do a little digging. Also look at before Sharp did a RS with FORW. He laid things out about how he felt about a RS. Look at his rationale for doing it at FORW - dead shares that he needed to play a much smaller role. He apologized for having to do it - and shortly afterward the stock went from .0003 to a buck because of it.
Sharp was involved with the RS at HMBL. He didn't request it. He was a consultant for a CEO who wanted to do it. Consultants don't make decisions.
Frankly I don't care what you believe. Read the PR Foote sent out discussing the legal dispute. If you don't think there was a legal dispute, set up an account at twitter (x) and look at the lawsuits Sharp has threatened and delivered on. Like him or don't... He doesn't put up with crap.
I guess if your only income is catching some crawfish in NJ, then yea, he made a ton of crawfish. Paying $2mil for warrants and then 2 years later getting back $2.2 mil means he made pretty much nothing. HMBL couldn't have gotten a cheaper loan - as you know. 5% a year is almost as good as free.
You probably should know what you are talking about before you tell me what happened. Sharp didn't want the RS because he has dealt with the OTC for a long time. Go back and read what Sharp had to say before FORW did it's RS back in 2020. He didn't want to to FORW's RS but it solved all his share structure issues over there. He compromised with Foote on a 4 to 1 RS in Feb of 2021. That is half the size of FORW's RS, but Sharp knew the timing was wrong with HMBL. Now go back and reread his posts on the HMBL RS. To me that would paint a very different picture.
Sharp didn't want traders (people like Alex Delarge and Tim Sykes) to know about the RS because he knew they would short the hell out of the stock. They likely did. The former was arrested for securities fraud shortly after. The later made it public that he shorted the hell out of the stock along with his cult. Sharp would have done investors a favor had they not known early, but some butt posted it likely after selling his own shares. Sharp and Sykes talked publicly. Sharp didn't want to piss off Sykes and IMO tried to temper Sykes a bit - not sure of the extent it helped.
Sharp quit as consultant when Foote started getting involved in toxic debt. He later rejoined the company as consultant when Foote cancelled the toxic deal with Brighton. He then quit again when Foote picked up toxic debt from Brighton and other "lenders." Coincidence in the timing? No way. That was likely the reason for the pending lawsuit. Foote's spending on stupid stuff as well as his inability to get better financing made the problem of Mark Grado substantially worse. When Foote "refunded" Sharp's initial investment in warrants, it made the lawsuit go away. HMBL would have lost 3x the initial amount plus fees.
As for money made, he made a very small amount and it was only on consulting - not his warrants. Further, if you look at the deal he struck, he should have made millions on the deal he brokered. The deal was incredible. After quitting, Sharp should have actually sold a ton of stock for the benefit of FORW, but he didn't. I was told by someone that Warren Buffet bought and held Coke stock and never sold a share. That person told me that Sharp wanted to have the same story with HMBL. I have no idea if that is true, but it explains Sharp not bailing completely on HMBL. That and he still believes in the company - read his resignation letter.
As for you suggesting you cannot connect the dots from "Sharp committed fraud" from some stupid poser to "Sharp didn't and here is why," then I don't know what to tell you.
Thanks for the response. I thought the exact same thing. The first guy to breach loses.
Did you read PL's response on Linked in? The trading over the last month suggests that Jakob is probably lying. I hinted that he was dumping shares a handful of weeks ago based on the trading pattern I observed alone. Foote however, said that he has 3 lenders that have been helping out. Are these 3 lenders the ones that Jakob is calling toxic lenders who violated the first right of refusal? I am asking you directly because you seemed to have a handle on PL.
Must be a full moon. What are you trying to say?
Stock has been in a trading channel of .0007-.001 for a year. Broke out once but then returned. This is a sign of accumulation. Which is crazy because there has been major dilution. What is major??? 3 bill outstanding to 12 bil. Surely the price would have dropped to .0001 with that kind of dilution, but it didn't. It stayed in the .0007-.001 channel.
Foote violated a few agreements - one being no RS. Another, was about funding. Sharp called him on it. They settled.
And wait... Sharp made money by working? Damn. Someone arrest him.
"I am surrounded by idiots" Scar
No idea what you are trying to say.
I'd say he lost millions too. He didn't sell those warrants at the high. If he did, I would have made more than $8.6mill.
Sharp has nothing to do with the company. Hasn't in over a year. It's ok to post negative crap here, but stick within reality please.
No. Silly. .0007 is part of the trading channel that it has been at for over a year. The low was .0002 in 2020.
Interesting. Which team member?
And yet, they are the exclusive choice for a wallet in Santa Cruz.
Not sure what you mean. I believe that what they have in place is something that doesn't matter as much in the scheme of government in order to see if HMBL can handle bigger transactions without any major problems. Should they do that, the house titles alone would be a major success on a scale that few people fully appreciate.
I don't fish... so... I don't care. Those licenses wouldn't bring in a whole ton of money anyway. But if they have created a system that allows for home and or auto titles, we are talking a company that will be bigger than Paypal in record time.
Yea... that is the cost to buy stock at two different prices. Should I only have said a million shares at .0007 is $700? The range you suggested shows a $400 profit - which you acknowledged. I was just saying that if you owned 92million shares and were able to get the range you suggest - $400 - but even $300 x 92 - that is a bit more than lunch money - unless you are buying lunch in London and having it shipped over with uber eats.
I have so much more than $10k in this. I am down $29k since Dec 31 because I trusted PL Jacob when he said he was propping up the price and we should see .003 soon when he did that public forum.
FWIW, 1100-700+400 - I was using your numbers - from your previous post:
A million shares is $1000 at .001. Only $700 at .0007. A $400 return on each $700 invested is huge. Id imagine there are a few dozen on here with 20-30mil shares. If all you owned was 1milly, you won't be able to buy Trump Tower in NY next week, but you'd be happy at the return anyway. Someone who owns 92mil and can get those kind of returns, that is some really good lunch money. I personally missed the flip last time because I believed Jacob when he said the stock should see .003 a few months ago. I can wait tho.
I hope for April, but maybe as late as July or early August when the 2Q comes out. They should start getting revenue from the Football league in April and that should cover the current burn rate and then some. I think as soon as they show revenue in the football league we will see .05. Won't be enough to justify .05 financially, but the revenue should move the stock up quickly anyway.
Soon after, I would expect a RS - maybe 25 to 1 to get the OS to around/under 500mil. I would also expect a 30% stock price haircut immediately because RS's freak people out on the OTC. However, within another 3 months, the price should return and even move up substantially from there because they will have gained control of their share structure and have revenue producing products/services - potentially no need to borrow money going forward if they can show some spending discipline.
We should also be hearing from Santa Cruz about government wallets within the next couple months - might even be before the end of this month, but gov contracts always take longer than you expect - June or even July at the latest. I believe that Santa Cruz will use HMBL for everything from birth/marriage/death certificates, to driver's licenses, to car and home titles, to building permits... plus what they got now - pet licenses, fishing/hunting licenses. That may lead to a flood of cities within CA joining as well. Should that happen, it could be a major jump in stock price from there - dollars.
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.
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?
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.
Awe, how sweet. Olives' got a secret admirer.
That is your imagination. I was just responding to your "expertise" of using only cut and paste on the wrong article.
Do you know the difference between short interest and short volume without copy and paste? You lost your own argument by your most recent post concerning brokers required to report short sales.
You started by replying to my post that specifically said short interest. I was very clear in my choice of words, so that there was a disctinction between a short investor and a market maker. You then copied and pasted an article about short volume that muddies the waters by suggesting that the 7.5mil shares short mighta been market makers. OTCMarkets doesn't show short volume because, while useful information to some, it gives an illusion that the stock is shorted by investors at a much higher volume.
If you think that the 7.5mil shares were a result of market makers, than you are wrong. Surf called you stupid for thinking that, but he is a mean old unemployed homeless guy who goes hungry if his hook gets lost in someone's mouth. As for your only real thought - the one that said that you cannot possibly ever short a stock without paying usuary fees to a brokerage as a cost of borrowing, that was wrong too. It is true for regular people, but some people own convertible debt and they short the stock using their certificates as collateral and are not required to pay that fee. <--- that was the bottom line. There are other ways of shorting without paying the fees, but that is for another board. If you think that someone shorted 7.5mil shares and paid $18mil to short $7000 worth of stock, then you need to find another hobby.
Say that in a mirror 3x.
Now I am confused. Do you not know what you read, or do you understand and want to save face for lying to people????
Are you serious? Do you know the difference between daily short volume data and daily short interest data? The latter is what brokers short positions are, not what market makers have sold from their positions to facilitate trade or make money on their own account. The entire conversation has been about the daily short interest. If you truly know what you are talking about, then the only reason you would bring in this info is to confuse those who likely didn't even know there were two sets of data. I will give you the benefit of the doubt and assume that you didn't realize that daily short volume is a totally different bird.
I'd tell you who I think it is, but it wouldn't make sense to a few of you. So I will keep it to myself.
You stop the nonsense. Surf said that to short a stock, you need to put up $2.50/share - so noboday would short. You didn't say $2.50/share, but you clearly said that nobody shorts sub penny stocks because it would cost way too much.
Yet over the last 3 months, the short position went from 2.5mil to 7.5 mil. Something that you clearly said couldn't happen - maybe a buck a share, but not at these prices. But they did. Range was .0007 to .001. You were wrong. Period.
Who cares if there are 7.5mil shares short or that 2.5mil of those shares were closed? Irrelevant. Except that You and Surf keep acting like experts on shorting and you both said in no uncertain terms that NOBODY shorted this stock at these prices. AND THEY DID. Further, I am very confident that whoever shorted, did not pay $2.50/share to short because nobody would pay $18mil to gain at most $11mil. Go back and look at all your shorting arguments on this board. You were wrong about a lot things.
I am not saying that the price is down because of shorting. Only that some people don't pay the fee. And that shorting is happening at these levels - only because you denied the reality.
You try posting facts for once.
1. Does the OTCMarkets show 7.5mil short?
2. Did you say that it costs $2.5/share to short a stock?
3. Did you say that nobody shorts subpenny stocks?
4. Did you say that $7,000 was nothing as an explaination of the above?
5. Did you factor in the $18mil that it would cost if someone actually paid $2.5/share?
6. If so, do you think it is odd that someone spent $18mil on a company valued at $11mil?
I don't think the stock price has anything to do with shorting at this point in time. Only time i did was after the RS and starting to drop like a rock. I even thought about shorting it a bit, but had too many friends in it at the time. I am convinced that guys like Tim Sykes and Alex Delarge shorted the stock by a lot. I believe the government thought at least one of them did also. They both likely helped manipulate the price up in the beginning as well.
The current price is generally a result of Foote not understanding how to run a publicly traded company. He thinks so as well as evidenced by his short lived resignation and hiring a replacement. I do think the guy is off the charts smart when it comes to blockchain. So did the SEC Chair at one point.
The problem I have with you Surf, is that you are not even handed. You claim that you are here to make fun of people who might have lost a ton of money. Not so different from laughing at someone who is drowning after their boat sinks. I had a friend who had a heart attack and died after his $3mil in stock went to zero in an instant. Why piss on people like that? I am one of those people that believe that what goes around comes around and I wouldn't want to be in your shoes. Probably not your real reason for being here, but still doesn't paint you in the best light.
I was very fortunate here and at FORW. Very. It could have gone very wrong, but it didn't - mostly because I have experience in becoming a millionaire one day and having the SEC halt my stock the next. I don't crap on people trying to make money on the OTC. You want to do a public service? Figure out how to play this stock and help others. To say it is a scam is juvenile. The company has a product and the CEO likely has very good intentions.
To say that he screwed up more than once, is fair. The stock once again has upside potential, but there is a risk. Be straight with people if you are as good as you think you are. As for Olives, he can only see in 1 dimension. OS. If the company does a RS - and they likely will, the stock will immediately take a dive... and then it may be worth a shit load. I've sat through enough RS's to know that it can be a painful 3 months. Olives will likely come here and tell everyone how right he was. But afterwards, a .0003 stock can go to .0023 after a RS, and then go to a buck. I doubt Olives will be seen here if that happens.
As for losing your respect, I won't lose any sleep. The PPS is not moving up because there are big kids screwing with the stock. People like Grado. Companies like Pacific Lion. This will end. Soon enough.
Your words.
I quoted you about shorting. Your words. As for the pretty chart, I am not near a computer, but I believe it just had long trades (buys). Didn’t remember seeing short prices.
Still. What some people can’t seem to get their head around is that not all shorters live in the basement with their mommy. Some are attached to brokerages that short stocks.