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Fact #6: A Binding Term Sheet to Acquire a company is a fancy way of saying; "if we acquire your company, we would like it under these terms". That's the major problem that I have with trusting this company. They line tow with the truth. Putting the word "Binding" with the word "Acquire" (in a headline),might give the impression that the deal is done and locked in, instead of being conjured and the details being negotiated; which is really what the case is; if it's true at all. This company's share price is now below a dollar, and dropping. For a company with; 1.) no real SEC accountability or business plan; 2.) a share structure that, in a few months, if successful, makes the the CEO a billionaire; all while simultaneously finishing off all remaining shareholders, I'd say HMBL stock is still way over valued.
This company's share price will eventually reflect its' business plan and execution of that business plan; or lack there of. Brace yourself, but know that they've had a good run.
I agree.
Mr. Martin seems to be someone, who along with his son, (who he mentions), invested a lot of money into HUMBL shares, and is seeing it dwindle away through selling by other investors. Selling is what happens when people/investors either: 1.) want to take a piece or all of their profits; or 2.) lose faith/trust in the company because the company is not executing. Note: there are no profits right now. Truth is, this company, even in their newly released financials, never formally told how they would realistically accomplish creating a profitable company. HUMBL touts NFTs, but guess what; so does Circle, Which means that HUMBL's "way to make money/business plan, is not unique and has the competition of some really wealthy, powerful and well established players in their arena.
Mr. Martin seems to be someone, who along with his son, (who he mentions), invested a lot of money into HUMBL shares, and is seeing it dwindle away through selling by other investors. Selling is what happens when people/investors either: 1.) want to take a piece or all of their profits; or 2.) lose faith/trust in the company because the company is not executing. Note: there are no profits right now. Truth is, this company, even in their newly released financials, never formally told how they would realistically accomplish creating a profitable company. HUMBL touts NFTs, but guess what; [url]theblockcrypto.com/linked/99357/circle-nft-markets-payments-solution
[/url][tag]so does Circle, Inc..[/tag] Which means that HUMBL's "way to make money/business plan, is not unique and has the competition of some really wealthy, powerful and well established players in their arena.
You can find that information on Pages 20-21 on the Forwardly, Inc. (FORW) 03/10/2021 Annual Report - Period Ending December 31, 2020. The actual amount is: $393,750,000 dollars.
No one's changing any world with this company. Good luck.
I looked into this company out of the block; I gave them a chance and bought 600 shares back when they were .16 a share, (before the split); watched them; saw that they were not executing; double talking in their communications; hyping; and not releasing a business plan; sold. I never have and would never tell you or anyone to buy or sell any stock. If you want to buy this stock, go ahead. I have a right to have an opinion about this company; that's the point of this platform; and if I helped anyone not lose money; good. I've been trading for a long time, and I've seen companies like this one plenty of times. Look at how many shares Foote owns, and how many billions he stands to make when he liquidates the company later this year; and how much Sharpe made; almost $400,000,000. dollars (four hundred million dollars). Why would any investor ignore this?
Oh really? You know what you hold? Please tell me what you hold. This company, with no formal business plan, what do they hope to accomplish? Please show me...not tell me...show me. What...? Are they the only company that deals with NFTs? I don't think so, so besides that, what does this company have? I really want to know. Also, I don't bash HMBL. I state what are, IMO, obvious flaws with the company and their management. If I make a mistake, I will admit it, but to date, I stick by my opinion that HUMBL is not a real company.
What is really impressive is that people buy shares off of a press release like this. HUMBL tells you that they're going to reorganize the HUMBL teams across their Financial, Marketplace and Mobile Pay divisions; as if the "divisions" were ever organized, or in existence in the first place. I would love for Foote to just once say, (in plain English), exactly what HUMBL product or service they offer; how and why I, and the mass public should use it; the profits it will produce; and truthfully how and why I, or anyone should invest their hard earned cash into this company. This company comes across as such a fraud. Their press releases are always long winded and filled with just the right words to sound as if they're doing something important and valuable. They're an offense to any OTC company that is really trying to do business the right way
I'm saying that HUMBL has no real business plan. They had one initially, but they don't have one now. Now they are just stringing shareholders along until they are legally capable of unloading the company either through sale, merger, or liquidation.
Believe it or not - you're already on the ride - and it will stop sometime in December.
Predictions: 1.) HUMBL will say what the share structure "WILL" be, but the structure will never change, because the real plan is to liquidate the company with those shares in tact; just as they are; with a share price above $1.00; around December 2021; 2.) HUMBL will tell of many extraordinary, technology oriented, difficult to really understand fully as to how they fit or work or what they are (business wise) products and plans for the future of HUMBL; e.g. ETX, FTX, PJX, LFX, etc.; and 3.) those who are so greedy and thirsty to be rich off of this stock will get excited and buy more shares to help Foote accomplish my first prediction.
The only millionaires, and in Foote's case, billionaires, that will be made moving forward, is Foote and anyone originally involved in his plan. If HUMBL wanted you to know about share structure, plans or anything relating to the true condition of HUMBL, they would have already told you; in the form of SEC compliant, documented releases, (like real publicly traded businesses do); not over the phone.
I agree, and said that my opinion was that company technology vs. company technology would not be much of an issue.
The simple answer: Any company that can come out with a new blockchain based operating system; or even a new way, (that doesn't infringe on the GBOX patents), to; 1.) cause instant B2B, P2P, B2P, etc. settlement transactions and payments in real time; 2.) have that system fit within the FINRA, U.S. and Global Legal and regulatory government framework(s) for money processing, Anti-Money Laundering, Fiat and Multi-Cryptocurrency conversion, etc.; 3.) can acquire or has PCI-DSS Level 1 certification, a Money Services Business License, a Payment Facilitator's License (PayFac), etc.; 4.) can gain or steal the support and business of already entrenched and properly operating businesses, (that by then will have already made billions and in some cases trillions from GBOX technology), etc.; and can monetarily, intellectually and legally be able to fight and win in the courts, from the billions liquid, and legally packed version of GreenBox POS and their then subsidiaries, by that time... (you get my drift). Any company that can do those things will have the platform to compete.
Believe it or not, (IMO), GreenBox's competition is not going to come in the form of another company. I believe that it may, and could, come in the form of irreparable in fighting, that would make the company sellable or capable of being stolen; through the death of a founder, or both founders; and while under new management. Short of that, competition for GBOX will be hard to come by.
Think about it...Circle got on board, (injecting 13 plus billion dollars of their technology and money into GBOX through SIGNET), and Signature Bank handed over $80 Billion dollars of assets to them to manage with their ecosystem. FiServ, VISA, MasterCard, American Express, Discover, etc. use their technology; and that's just who we know about. I personally don't see anyone challenging them technology vs. technology. GBOX (IMO) has to watch out for the mole(s), and the steal. The good and bad thing about new technology creation is that everyone involved is usually highly intelligent. That intelligence definitely has to be managed.
...with less shares...
Circle released that news 5 days after GreenBox released news of their integration into Signature Bank; not an accident.
In my opinion, SIGNET is most likely because right now Signature Bank is only selling it as a product. However, with GreenBox "integrating with" Signature Bank, I could see how GBOX could see SIGNET as its' own entity; the spawn of Signature and GreenBox; owned primarily by GBOX. After all...it is GBOX's technology that would drive it. As a matter of fact, the more I think about it the more I believe it to be SIGNET. Circle is probably more a client/ venture partner.
If you REALLY look at these 2 press releases, you will see that 1.) GreenBox is integrating WITH Signature Bank; "at the native level". Which means that every transaction that flows through Signature Bank will enter in and out through GreenBox's secure token ecosystem; in other words, the usually human functions of Signature Bank is being taken over and automated by GreenBox; 24/7/365, and 2.) Circle is getting on board by paying to use GreenBox's technology. Not because Circle wants to, but because Circle has to to continue as a company; or else GreenBox will slowly but surely take all of their clients. I'm thankful for these lows in share prices. It has given me the opportunity to add to my position; below the split value. My point? GreenBox just went public, so what point does it make for them to go private? I would guess that the primary way that GBOX protects themselves from being owned by anyone of the billion dollar companies that they surround themselves with, is by having and holding the majority of public shares. Do you really think that Circle likes being pulled into paying GBOX to help them to perform their business plan? My guess is they would love to own GBOX's technology; Strip, Square,...hell...VISA, MasterCard too.
GreenBox-Signature
Circle-Signature
I actually believe that the real "transactional money", in the present, is coming from SIGNET; a product or offshoot of Signature Bank. If I understood correctly, SIGNET has been integrating, testing, and eventually using GreenBox's technology since 2019; where they are now beginning to see gains from it. I really believe that SIGNET is also a great candidate for merger/spin off; as is Circle. One might think that Circle is too big to be merged with and dissolved into GBOX; they're not - no company is; especially when the alternative is to be drained of clients by GBOX. I said it before and I'll say it again, GBOX is like MicroSoft in that they are the sole gatekeepers to the operating system that will spearhead the new way; and one day, the only way banking will be done. The days of a human clearing house personnel taking days or weeks to move and post money are disappearing; never to return; and GBOX's technological spin on blockchain functionality is the catalyst. It going to be fun watching this stock price grow; especially when it first passes $100 dollars a share.
GreenBox mentioned in a very good article about Signature Bank. The most interesting part of the article is that they reference GreenBox as New York based; which could mean a merger with the digital side of Signature Bank: SIGNET. Something to think about.
paymentsource.com
George Sharpe; the $400 million dollar HUMBL advisor, talking about scammers. Hmmmm? And Foote saying that he won't sell his 45% stake in HMBL Series B shares until 01/01/2023. Okay, but what about the 91 plus million common shares and the 7 million Series A preferred shares that he owns? Is he going to not sell those too, until 2023?
The spot light is on and the curtain is open to this company's game. Big media and alike can see the con. Too bad for Foote/HUMBL that they/he needs investors to keep buying, and the clock to run out in order for their scheme to work.
Circle is a private company. It would serve them well to merge with GBOX, then spin off as their own public company; sharing in GBOX's technology, instead of losing business to it; then becoming their own public company. You have to remember the truly "big deal"...GBOX is now a Payment Facilitator (PAYFAC); the only Blockchain PAYFAC with it's own Blockchain ecosystem with PCI Level 1 status; MSB License (Money Services Business) to operate globally; with partnerships with VISA and FiServ; and a superior stable-coin architecture. When it comes to Circle, in general, GBOX will be eating their lunch in about 2-3 years if they don't get on board.
Excellent!
greenboxpos.com
Vein, you have to connect the dots. It's not a coincidence that GreenBox, who stated that they will: "eat Circle's lunch" and Circle; who in general are competitors, are all of a sudden using the same bank to launch a stable-coin protocol. High likelihood they are our joint venture partner, at minimal and "merger partner who will spin off in a year" if we are luckier.
Excellent News!
coindesk.com
That article is the second shot across the bow. It appears that Foote is hyping and stringing along shareholders; to keep the stock price up; and waiting out the date that he can legally liquidate the company for a huge dump of money. This is why HUMBL didn't want to release official information to the OTC, because if they lie in writing, they don't get to trade their shares on their market platform; the only platform that they have to trade shares. It's clear, that in their current state, they are not headed for the NASDAQ; far from it. Take notice that Sharpe isn't in this, he was/is only a consultant; (per the 10/28/2020 press release). Perhaps the 500 million shares, (125 million) shares, was considered a consultation fee; perfectly legal; with no direct ties to HUMBL, Foote, or how the company conducts business. He is seemingly the real winner; to the tune of $393,750,000.00, ( that's right...three hundred ninety three plus million dollars. (page 20 and 21 of FORW's 03/10/2021 Annual Report).
Yes, but it all relates to HUMBL's ability to execute their business ideas; and provides an understanding to why they can't.
They're a private company and the reason that HUMBL can't execute their initial business plan. The company that owns the Intellectual Property Rights to Blockchain POS systems seems to have chosen this company over HUMBL.
Exactly. That's why HUMBL will say or do anything to keep investors buying, and the stock price up.
LOL! I hope that Foote realizes that he got a shot across the bow. CNBC asked him 3 important questions and made an observation: 1.) if he was making money; 2.) how he was making money; 3.) which vertical made the most money; and then commented that no SEC filings had been made. As of right now, Foote owns 91,519,304 shares of common stock; 7,000,000 shares of preferred A; and almost 2.5 billion shares of Series B preferred Stock; which at today's stock price of $2.77 a share nets him almost $7.2 billion dollars to recover if he decided to liquidate the company today. There are also others named on that financial report with the last name Foote who also own, (if I read correctly), (in trusts), significant amounts of shares. Did anyone also notice 2 other things: 1.) the release of a distracting press release on the same day of the financials release; and 2.) that Foote never answered Morgan's questions. Foote had better clean up HUMBL's act, before he finds himself in the news for another reason.
Exactly.
When I say that there's no business plan , I'm referencing a professional business plan that details the success and failure factors; competition, products and services offered, business overview of how they will execute their business plan,(strategy), etc.. HUMBL claims to be a $3 Billion dollar company with an experienced management team; who are going to rival the likes of PayPal, Square, etc.. At minimum, and at this point, they have not proven that the are a real business, or a profitable one. Keeping this in mind, they are creating a consistent pattern in their handling of investors. 1.) when the share price goes down, the hype goes up. Any news worthy company can be interviewed on television. Being on television is not a business plan, it is a platform and an opportunity for management to hype their stock. So I say that if you're asking for the public's money; and you're claiming to be a real billion dollar company, claim your status through the SEC where you can be legally scrutinized, not through a news organization, that masks the company's shadowy practices.
I see that everyone got their fresh dose of hype from HUMBL: Foote on television! Financials coming out!. Now all of you can buy shares and cause the stock to rise; giving the company the continued appearance of having some product or service worth $3 Billion dollars. I said it before and I'll say it again: Foote is leveraging his intellect and his understanding of knowing what investors want to hear; and Sharpe - his double edged reputation; which actually boils down to better understanding the small cap game better than all of you. I actually respect how they play. Let's watch that volume shoot up past the 18.8 million from yesterday; while still you have no financials and no real business plan or direction of the company.
I'll believe it when I see and read it. And I may not believe what I read. It would be my guess that HUMBL only discusses the finances of Tesoro.