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Remember when Apple bought a little stereo headphone company called Beats? The headphones were popular, but the quality was crap. I know because I owned a few pair and they were all garbage at $400 each. Apple spent $3bil for the company so they could get their hands on the music algorithm. They had little use for the headphones.
HMBL has some really interesting tech that can verify by blocks tech automatically.
If they do it right, they will reverse merger into Clear (ticker - YOU - $23.93/share). YOU has 90 mil shares outstanding. That is perfect for a RM. They have $65mil cash and $670mil in marketable securities. They likely already own 30% of HMBL so they will be able to offer a price that makes shareholders happy. The company's main business is airport TSA precheck, but they also do stadium scanning - big synergy, and they just got involved with hospital data management.
Seems they announced it last night at the chat:
$HMBL @humblceo and @aarana_Sr announced the partnership with @Clear moments ago in Humbl Chat. Clear offers biometric travel document verification at major airports and stadiums. The partnership will enable Clear members (17 millions) to join Humbl without needing to KYC. pic.twitter.com/22o5ofQIFq
— Perry (@perry314181) December 15, 2023
Might be due to a 328,000% increase in the stock price.
Nah. That probably happens every day.
I was thinking 18 cents, $1.80? Dec 18th sounds a lot better.
Sounds a lot like Pfizer. Maybe you are on the wrong board.
And he started posting on 12/15/23. Very interesting. Hope he is the CEO and he feels very generous.
They have cash commitments until April when they are expected to start producing enough income to more than cover their expenses. That should affect the stock price positively before April.
As if you don't?
I wasn't making fun of you. I was happy for you. You were contributing instead of just bashing. Well done.
All outcomes are hypothetical when dealing with the future. China may wipe out our power and then HMBL would be worthless as the company requires internet.
I was simply stating that debt has for all real purposes, been eliminated. That means that convertibles are done or are nearly done. That was the main thing that was holding the price of a penny stock that has potential from being a penny or 5 (note the price of Sharp's stocks that don't have any product on their radar).
Hypothetically... PL is buying up shares (because he said he was). Hypothetically, the debt reduction and the recent increase of AS, and the talk of a merger might mean that a merger is in place. Hopefully it is a bigger company buying HMBL because that is where we would see the biggest increase in stock price. If HMBL were buying another company, they wouldn't need to bring debt to zero.
The hypotheticals aside, the company is in a much better position today than a year ago - even though the OS is way bloated. That is easily fixed IF they can actually run a business at this point (or be bought out).
Look at you... the chartist! Way to go. So the Accum/dist is below zero, but the CMF is up. You choose to go with first one? Interesting. I never thought of you as a glass half empty person. I personally use CMF and STOCH but neither matter much at present.
Here is where you might want to consider things a bit differently. Over the last 11 months, the company has been working to get it's debt paid off. For good reason too. They accumulated a lot of debt - $80mil that they got down to $50mil by the start of the year. That is a ton of debt for a startup (meaning a company that has yet to get a product to market with enough force to at least pay it's fixed costs). What is worse is that much of that debt was toxic to varying degrees.
At the end of the third Q, they were able to reduce the convertible debt to about $2mil (roughly 3.2 bil shares when there was 7.1 bil out. The "legacy debt" will also be converted to preferred C shares that cannot be converted to common for at least 2 years with leak out provisions. Based on the number of shares sold and the latest OS, I believe that all of the shares have now been pretty much converted. If not completely converted, the remaining shares should be negligible. I also believe that due to the change in restrictions of the preferred B conversions, a ton of smaller holders have already sold a good portion of their B's (maybe 200 - 300mil?). We should also see a decent number of shares converted in January too (maybe another 150mil?).
That means that money flow really doesn't mean a ton because PL is buying at the bid (and likely selling some at the ask too for a better price), and the converters are dumping hard at the ask and the bid to get rid of their shares.
The price of the stock is artificially held to where it currently is. Whether you believe that the conversions are complete or there is still another $50k - $200k worth (maybe 90 - 360mil shares)... the conversions will dry up at any time now. When that happens, there still seems to be someone buying at the bid in large numbers.
The downside seems protected, but the upside... just a matter of time.
Cool. Another bullish signal.
Agreed. Pinch has been forming and getting tighter.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173171543&txt2find=pinch
On the monthly chart, I believe a bottom has formed. Crazy chart that goes up - and down - way outside the lines. Looking for the confirmation Jan 1. Could be a really good January:
Yep. Common sense prevails.
Nice Jacob. Glad you are here!
Yea, you are right. There is without a doubt someone buying, but it can't be PL even though he said he was buying. What everyone doesn't know is that you were given a back door program to every stock brokerage account and you can see that PL is not buying.
Ok then. Who exactly is buying? Since you are sure of who isn't.
Yup. They are definitely scooping up shares. 187mil shares on the bid just waiting to be bought. When you are trying to buy up a decent percentage of the company, you don't go crazy on the ask or you pay 10x the price you would pay if you just sit on the bid.
Eventually the shares on the ask will be taken out and PL will need to up it's bid.
I wonder if they attempt to get the price up before it happens. And no. I am not talking RS.
Good guess. But no. Think Qatar.
You should listen to the calls.
2261 market street
You forgot this one. Guess I was right again.
Thanks Huggy. Today wouldn't be the same with your posts.
I miss Huggy. His "I don't trade scams" posts are legendary. He adds almost as much as Surf.
BTW, volume dropped considerably. Debt conversion is likely over. I expect a press release as late as next week.
Foote's shares were originally restricted by law, but he could have sold his shares after that restriction. Instead, he, as majority shareholder placed a 2 year restriction on his own shares. He recently signed a letter restricting the sale of his shares again. So. Not only are you the dumb ass, you are a condescending dumb ass.
I'm buying into the merger fairytale. Well not buying. I still don't own any shares because I still have concerns about the SEC, but if they get things straightened out, I firmly believe that Sharp has 2 merger candidates lined up. The guy doesn't seem to lie. An exceptional quality and sometimes his greatest weakness. At times it is better to be quiet then to say EVERYTHING that is true.
Clowns turn positives into negatives and then call investors names when basher fairy tales are challenged.
Surf. How much salary has Foote taken? How many shares did Foote sell for his own consumption? The clown you were talking to stated that Foote was paying himself on our backs. Is that true or is that a basher fairy tale?
This action is not normal in the OTC
The debt and PL's common shares can be converted into Preferred C shares at any time. Once they become C shares, they cannot be converted to common until HMBL moves to NYSE/similar exchange or a minimum of 2 years if they don't move by then.
Companies that buy up shares need to report at 15% ownership and tell what their intent is, but they announced in an 8k and on a zoom meeting that they are buying up shares and will convert their convertible debt to preferred C shares.
The convertible notes they have are not considered equity until converted to common shares or converted to preferred C shares - as preferred shares are considered an equity investment. So the legacy debt and PL will likely not convert to C shares until PL gets more than 15% ownership - so they can buy more shares on the open market before having to file. Unless the 8k was enough notice to inform investors that PL will own more than 15%. I asked Tenkay this question as he seems to know SEC requirements better than anyone else on this board. I don't think he knew either.
Moral of the story is, PL is likely the guy at the bid. They likely are occasionally at ask to keep their purchase price low. Eventually, they will likely announce that they bought up a large portion of the stock and will convert it to C shares. IF that happens, the stock price should react positively as the company will have no debt, an equity investor that has cash to play with, and real potential to become profitable within 6 months. Could... now this is speculation only... could be enough to bring this company to the NYSE?
When I traded PPHM now CDMO, they were bought out by another company. When the company reported that they owned 15% and planned on buying more as an investment, the stock went from pennies to .75 in days. After they did a 8:1 RS, their share price rose to $22/share. I think HMBL will be bigger.
Wait... PL has committed over $5mil and the market cap is $10mil? That is public notice that PL will own roughly... I don't know... 49%? of the company if those shares are converted to preferred C's? Assuming they can buy all those shares at .001 or less.
Interesting theory... How much as Foote been paid over the last 2 years?
True. But on this occasion, I personally think Cincy has darker motives.
If you actually traded stocks, you would grasp that a move of .0004 to .0008 on a $100k investment brings $100k profit. Quibble over 2.5x increase? Yea. Instead, you don't really invest, so you see .0004 and .001 as chump change.
I think it was XDSL that at one time didn't have a bid. I bought 400mil shares at .0001 (go back and look at my posts and those that responded). The sudden movement caused the stock to rise to .0004. I ended up with roughly $100k profit over a couple weeks. Here, I have more stock than you can imagine.
You have no desire to invest in this stock so there isn't much you will benefit me from your banter. You think you can state as fact that HMBL didn't learn anything. That is enough for me to know where you are coming from. Engage someone else. If you decide to stick around. Figure out who Jacob is. Could be important. Or don't. I don't care.
Wrong. The stock is 2.5 x it's all time low. That means that the company took a .0004 stock and increased it's value tremendously.
No it isn't.
No. In fact, I think it will be for more than $10mil, There is merchandise and vendor income as well.
On Friday the number of shares bought was 8x the number of sells. Friday had what? 180mil shares bought at the ask? Today we have double the buys to sells. Who is buying? Most of us know, but anyone who came here for the first time in 2 years... they probably have no idea.
How in the world did the price get down to .0007 and then after 4 billion shares added to the OS, did the stock get in a trading channel of .0009-.001 for months? Doesn't make sense... to the average investor.
Not a wild goose chase. You asked for a link and not only did I provide, I also told you where to look. It is called due diligence. Go to the news articles, find what you are looking for and then cross reference the date with the 8k. That pro tip is free.