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Humbl gives new meaning to a penny stock CEO singing and dancing to pump the stock.
We haven't heard from George lately.
I don't doubt that Brian and George will do what it takes to pump the stock to get the trading volume and the price up. Just for George alone, every penny higher nets him an extra $1.25 million when he exercises his warrants and sells the shares. I don't discount the probability that Brian and George will be successful. They might surprise everyone in how they move the stock.
I have a modest short position as I'm too scared to take a big short position.
I can't help but think there may be a short squeeze in HMBL. It's just too perfect of a short story. I think overconfident shorts might feel some pain soon.
I was joking. You did well by taking out $2M and leaving only about 10% in the stock. Congratulations on that.
Sounds to me like you should be putting your $2M back to work in HMBL stock!
The only way that HMBL will turn any shareholder into a millionaire over the next year, is if that shareholder is currently a billionaire.
There might be a great transfer of wealth soon, from shareholders to George, Brian and all the series B holders.
I'm going to guess that Brian will pay the fees to become OTCQB very shortly. That would help drive trading volume and price which I'm certain both Brian and George want.
George, do you want to make $50 million on your warrants or $1 million?? If you want to make the former, you need to be putting in overtime doing pumpita pumpita on the stock rather than giving pep talks to your private Twitter followers.
About a million dollars worth of trading so far today. Brian and George had better get that trading volume up if they want to collect on their payday. At this trading volume, Brain and George might only collect a couple of million dollars before the stock drops to $0.20.
I would have thought that George and Brian would have started some sort of a drum beat by now, leading up to the S-1 being declared effective. They at least need volume even if they can't pump the stock higher. They're being a little quiet.
Maybe they're saving up all of the stories for when they think the effectiveness notice is coming out. But they are almost certainly losing shareholders as time goes by. The way to keep shareholders invested is by making noise.
All kidding aside, it's dangerous to believe the stock can't go lower. HMBL is a $3B market cap company on a fully diluted basis, but had only $1.2M in revenues last quarter while chalking up $12M in losses. Maybe the stock can go up but it's not insane to think it could head much lower.
I don't remember very many saying that 5B shares would be dumped now but maybe there were some people who mistakenly thought the Series B could be sold by now. Either way, that's not the case.
The year holding period is in February for the Series B, but Brian engineered a useless proposition that the series B can only be converted periodically over the next year and a half. Even after conversion, they still need to satisfy rule 144 which includes consent from Humbl. However there's now a recent registration statement which will allow some to convert and sell once the registration becomes effective.
At this time George Sharp could try to get an opinion letter on his warrants and exercise them since a year has passed. Since Brian filed the registration statement, that seems less likely to happen.
I should have specified as fully diluted. Once fully diluted with currently outstanding derivatives, there should be just under 7 billion shares outstanding. There will be about 5.6 billion new shares once the series B shares are converted and about 250 million new shares once the warrants with a $0.20 strike price have been converted. Although I believe some of the warrants have already been exercised.
With 7 billion shares outstanding on a fully diluted basis, it's a market cap of about $3 billion.
Currently there are under a billion shares but valuation needs to look forward. Calculating the market cap on a non-diluted basis is obviously a useless calculation.
I keep wondering if Humbl is some elaborate bear trap. All the signs indicate the company is near worthless, yet it sports a $3 billion market cap. It's too good to be true for a shorter.
Humbl is the type of company which makes investors salivate over being bearish, me included. But if it looks too good to be true, it probably is. That's why I've been scared to short more than a modest amount even though I'm 100% positive Humbl will end up worthless. The company is such a compelling short that I still feel it must be a bear trap of some sort.
I believe we're going to get a deluge of positive news as Brian's friends and George start dumping shares. They need to get the trading volume up so the market can absorb their shares.
If the queue of shareholders willing to average down starts drying up, Brian et al are going to lose out on a lot of cash.
If HMBL's share price drops below $0.20 which is George's exercise price on his warrants, people are going to start calling him 'Furious George'.
I think that's right about Chile. I'm sure Brian and George are setting up to pump the stock. The more they can get people to buy shares, the more money they will make once the S-1 becomes effective.
What convinced you to buy?
It could go in any direction in the short term. George Sharp has a strong incentive to pump the stock since he will collect $1.25M for every penny HMBL goes up.
Longer term I don't believe the stock will fare well.
Good luck. Although you'll have to understand that I can't wish you too much good luck since I'm short a modest amnount of shares.
I anticipate that everyone whose shares are covered by the recent S-1, will have a very merry Christmas indeed.
There's going to be a great example of applying the adage, "One's man's trash is another man's treasure" coming up with all of that trash being collected by treasure hunters snapping up those shares.
George Sharp is rubbing his hands together in gleeful anticipation of being able to collect tens of millions of dollars by exercising his warrants and selling his shares. I wonder if he's going to go for the 144 exemption or wait a few weeks until the S-1 becomes effective.
Also, he's still not working hard to pump up the share price like I would have expected him to do. Maybe he's writing up the stories and planning to machine gun them out to the public as he's dumping.
George will be asking you, the investors, to buy all of his shares on the open market so keep some of your powder dry so you can gift him all of that cash.
I know some people believe otherwise but as I understand the dates, George Sharp and Charger received the warrants on Dec 4, 2020 and will meet the one year mark after tomorrow. Which should mean that if George gets or has opinion letter, he can start selling on Monday or thereafter as soon as he gets the restrictive legend removed from his shares. Under no circumstances, barring the S-1 suddenly becoming effective, can George sell tomorrow, right??
Let us know how the show is. Is Nick singing songs about Humbl?? That would be amazing!
If so, hopefully he writes some lyrics about the series B and the warrants in the song.
I understand you didn't ask but I freely gave my opinion that Humbl has about 7 billion shares on a fully diluted basis, giving it fully diluted market cap of about $3 billion. You can ignore my opinion if you don't want it--no need to inform me.
Humbl has an app which grew well, but from a very tiny base. Plus they sell Humbl branded merchandise. It's important for everyone on this public forum takes the time work through the math in their heads before deciding whether or not to own Humbl stock.
George should swap all of his 125M warrants with the strike at $0.20, for 500M warrants with a strike of $0.50. If George did that, he would make three times as much if HMBL hit $1, plus I would immediately trust that George really believes in Humbl's future.
Careful! Hokie knows Bob who callously and maliciously didn't pay his library fine. I don't know if you should trust an opinion on whether or not to own HMBL from someone who's an acquaintance of that kind of element.
The valuation of Humbl is currently $3 billion and they have an app as well as selling Humbl branded merchandise. Maybe Humbl can grow into that valuation but it has a long way to go.
Yes, it's a good amount of money for George. Shareholders can't get in on the warrants but they can definitely take the opposite side of George's upcoming trades by keeping a strong bid in place.
Yes. George is gonna love that liquidity after he exercises his warrants. He stands to make about $28M if HMBL stays at the current price.
I actually agree. The O/S and the fully diluted O/S haven't changed that much for a while. The O/S is still a bit above 900 million and fully diluted the O/S is still a little under 7 billion where it has been for a long time. The only difference is that some people will soon be allowed to sell their shares.
All future dividends will be split among 7 billion shares regardless. If you think Humbl is worth $3 billion then you should own shares. If you don't then don't own shares.
Sure. I believe George Sharp is very corrupt and Brian Foote is somewhat corrupt. I understand that you disagree. That's fine.
But what you said was that I was very wrong because you said George is back at Humbl only to try to get Humbl on the OTCQB. Your statement contradicts the engagement agreement between George and Humbl. Do you understand this situation?
I don't understand what you're suggesting, Al19. I was just pointing out that your statement, "Wrong very bad information there this is for OTCQB tier listing that’s all." is flat wrong since it disagrees with what Humbl's engagement agreement with George states. What you initially told me is very bad information when I said it, is actually printed on right on George's agreement. You're incorrect.
Are you trying to say that Humbl's engagement agreement with George is wrong because you believe otherwise? Please clarify.
"If You're Worried About Dilution, Don't Be"
- George Sharp
That's fine if you disagree with what I believe, but your statement that George is only there to get Humbl on the OTCQB, also disagrees with Humbl's engagement agreement inked with George. What you said is flat out wrong.
Check your sources before you try to tell me that I'm wrong, Al19. First of all it's intuitively obvious that George is back at Humbl for more than just trying to get Humbl on the OTCQB. Second, the engagement agreement also specifically says Humbl wants more from George than just trying to get on the OTCQB. "In addition, the Client is interested in advice and guidance on the dissemination of public statements, including press releases;"
Obviously the real reason for the S-1 is to adjust the priority for who gets to dump their shares onto the market first. Furious George (Forwardly) and Charger both were in front of the line, pending approval to get the restrictions removed. Brian wanted to shift that line up so obviously he wants someone (himself and his family??) to get priority over George and Charger.
CEO Brian Foote is adjusting the line up for the winners who get to sell their shares to the unwary investor base first. I'm pretty sure I know who the ultimate losers will be.
Why is HMBL dropping?? Isn't George gaslighting investors hard enough??
George, save investors from themselves again. Tell them everything is fine and that they're crazy for thinking dilution is an issue.
Yes, Brian and George will be rich. Investors will be asked to pony up tens or even hundreds of millions of dollars to pay for those new shares as those shares are dumped onto the market.
I think investors have some appetite for the new shares but there might be some indigestion and regret with all of that gobbling.
It's possible that George Sharp can get some of the shares underlying the warrants unrestricted per Rule 144 after Friday since that's the one year mark. He doesn't necessarily need to wait until the S-1 is declared effective by the SEC.
That might be the preferred way for both George and Brian since exercising the warrants means Brian gets cash. He wouldn't get anything for the series B conversions. Based on that, Brian might help George by giving him a head start.
Except that George knows one thing that most investors don't know. George Knows that the words coming out of his own mouth aren't even worth the cost of the electrons needed to print them on Twitter.
In his efforts to continue gaslighting shareholders, George Sharp would like everyone to know that registering shares is not the same as selling shares.
"Note: An S-1 is not the same thing as selling stock. It is just registering the stock [so it can be sold]."
- George Sharp
Yes, but George Sharp specifically told investors not to worry about dilution. Are you suggesting that George Sharp is a liar??
“If You’re Worried About Dilution, Don’t Be”
- George Sharp
Looks like George Sharp will get 7.5M new shares, already registered, for his new consulting work for Humbl. 5M of those vest on January 3rd.
Overall, it's not looking good for shareholders. On the other hand, for those who want to average down, it will be a smorgasbord. Unless I'm mistaken, average downers should be able to continue averaging down at lower and lower prices over the next few months.
Noteworthy is that Brian Foote didn't register all of the series B shares. For those who aren't in this wave, they may get scraps.