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Here is the LEGAL DISCLOSURE on that which seems to have been left out here :
Disclosure: We are short shares of HUMBL, Inc. (OTC:HMBL)
Legal Disclaimer
Use of Hindenburg Research’s research is at your own risk. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. You should assume that as of the publication date of any short-biased report or letter, Hindenburg Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Following publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein.
Exactly ... just pointing out the disclaimer ... which clearly shows the intent
Here’s the legal disclosure on that piece
Disclosure: We are short shares of HUMBL, Inc. (OTC:HMBL)
Legal Disclaimer
Use of Hindenburg Research’s research is at your own risk. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. You should assume that as of the publication date of any short-biased report or letter, Hindenburg Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Following publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein.
Yes Disclosures are required to avoid legal issues ... some seem to forget that to their peril
Disclosure: We are short shares of HUMBL, Inc. (OTC:HMBL)
Legal Disclaimer
Use of Hindenburg Research’s research is at your own risk. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. You should assume that as of the publication date of any short-biased report or letter, Hindenburg Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Following publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein.
Disclosure: We are short shares of HUMBL, Inc. (OTC:HMBL)
Legal Disclaimer
Use of Hindenburg Research’s research is at your own risk. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. You should assume that as of the publication date of any short-biased report or letter, Hindenburg Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Following publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein.
Yes here’s the Disclosure and Legal on Hindenburg —- some seem to leave this out
Disclosure: We are short shares of HUMBL, Inc. (OTC:HMBL)
Legal Disclaimer
Use of Hindenburg Research’s research is at your own risk. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. You should assume that as of the publication date of any short-biased report or letter, Hindenburg Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Following publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein.
Here is the full LEGAL DISCLAIMER on that infamous hit piece
Disclosure: We are short shares of HUMBL, Inc. (OTC:HMBL)
Legal Disclaimer
Use of Hindenburg Research’s research is at your own risk. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. You should assume that as of the publication date of any short-biased report or letter, Hindenburg Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Following publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein.
https://hindenburgresearch.com/humbl/
Financial Times is a very reputable financial publication — in case you were wondering . And George Sharp was quoted in it as an expert source.
Short term perhaps -- but if the company is awarded and flubs up they will lose the ticker. Either way the ticker will have to go current--which is good for shareholders . Bigger win if Sharp gets it I think.
I love Pits!
I just bought the pit of crypto yesterday and made 6 figures plus in one day
Good volume
Agreed -- win /win for shareholders
George Sharp as quoted in the FINANCIAL TIMES
“It’s absolutely the Wild West. And unfortunately there’s no real sheriff in town,” says George Sharp, a microcap company adviser and former consultant to OTC Markets Group, a private company that collects, manages and distributes the limited information that exists on penny stocks that are privately traded.
“And Twitter is the chosen forum du jour [that] has allowed the bad actors to execute these schemes to a larger extent than ever before.”
Forwardly's CEO, George Sharp, was quoted in yesterday's Financial Times $FORWhttps://t.co/rFTkDV3WdR
— Forwardly, Inc. (@ForwardlyInc) May 18, 2021
Here is the direct link to the Financial Times article where George Sharp is quoted as an expert :
https://www.ft.com/content/0ac9ecba-7408-4466-81ed-ae15f6333e36?accessToken=zwAAAXmAJ-24kc8Kyey6dAhEZtOB7a4V9jM-Ng.MEUCIGysvMtDrDjsyEq26a-9kQIxw0EJLuJi4Gpdp2AGaa-7AiEA7GfKylGqaGvVINsObq5emdbgO2LpLnrM1px0H9N3GTs&sharetype=gift?token=5107af6a-8672-4e40-945e-30bb0bc99e4b
George Sharp stated he is not accepting NEW accounts created in May 2021. That is SMART because some on Twitter create multiple new accounts for various purposes. Twitter is good NOW at suspending fake accounts but it usually takes a few months for them in their larger purge efforts,unless their algorithms pick up on the blatant and easy ones to catch.
George Sharp stated he is not accepting NEW accounts created in May 2021. That is SMART because some on Twitter create multiple new accounts for various purposes. Twitter is good NOW at suspending fake accounts but it usually takes a few months for them in their larger purge efforts,unless their algorithms pick up on the blatant and easy ones to catch.
The filings indicate no shell as does OTCM . You posting otherwise is false information on the company . Creating your own definitions is not helpful to those that may trade based on false information .
You are incorrect with that definition . The filings indicate it is not a shell . And OTCM says it is not a shell . You posting the opposite of that is blatantly false information on the Company.
That’s not true per OTCM and disclosures and filings — OTCM also removed the shell designation . FORW is a viable holding company .
https://www.otcmarkets.com/stock/FORW/overview
Before the split it ran from $.00001 to $1.90
That’s a great point
Credibility matters and Sharp has it :
“Forwardly's CEO, George Sharp, was quoted in yesterday's Financial Times $FORW”
Forwardly's CEO, George Sharp, was quoted in yesterday's Financial Times $FORWhttps://t.co/rFTkDV3WdR
— Forwardly, Inc. (@ForwardlyInc) May 18, 2021
My reading is stop sign or worse
Culhane Meadows is a top lawyer firm in the nation
It’s not just Etrade .....
I’m not 100 percent confident he’ll get it ( hope he does) —- and the Track record of existing management to date is pathetic . That’s where we are .
They couldn’t get current and for years — we’ll see
I do trade the stock — and I’m out if they don’t go current or look like it’s coming
Nope--OTC says June to make the September deadline
And exactly how are they going to trade the stock if not current with OTCM in the future?
The new rules for OTC have NOTHING to do with 8K's SMH
THEY MUST BE CURRENT -- they can file all the 8K's they want --that does NOT get them current.
Companies that have not published “current” information - including financial statements from the last fiscal year and other information describing the company’s business - may not be eligible to have their securities publicly quoted by a broker-dealer. Companies can satisfy the “current” information requirements under the amended rule by meeting the requirements to be quoted on the OTCQX, OTCQB and Pink Current market tiers.
Companies that do not provide ongoing current information and do not meet any exemption under the rule will no longer have their stock publicly quoted.
The SEC has proposed an “Expert Market” exemption that would permit broker-dealers to electronically quote and trade these stocks, but would limit the distribution of quotes only to qualified experts such as brokers, institutions and those that qualify as accredited investors. This proposal is still pending final approval.
The OTC Link ATS trading platform will serve as a “qualified interdealer quotation system,” allowing brokers to rely on its current information designations to initiate and maintain public quoting in lieu of submitting a Form 211 with FINRA.
The rule narrows the “piggyback exemption” that enables broker-dealers to continue to quote an OTC security, now requiring current information, a priced quote and certain restrictions on shell companies.
Thats misleading : this is a MUST READ for anyone trading OTC Stocks.
Consider it a public service announcement:
Companies that have not published “current” information - including financial statements from the last fiscal year and other information describing the company’s business - may not be eligible to have their securities publicly quoted by a broker-dealer. Companies can satisfy the “current” information requirements under the amended rule by meeting the requirements to be quoted on the OTCQX, OTCQB and Pink Current market tiers.
Companies that do not provide ongoing current information and do not meet any exemption under the rule will no longer have their stock publicly quoted.
The SEC has proposed an “Expert Market” exemption that would permit broker-dealers to electronically quote and trade these stocks, but would limit the distribution of quotes only to qualified experts such as brokers, institutions and those that qualify as accredited investors. This proposal is still pending final approval.
The OTC Link ATS trading platform will serve as a “qualified interdealer quotation system,” allowing brokers to rely on its current information designations to initiate and maintain public quoting in lieu of submitting a Form 211 with FINRA.
The rule narrows the “piggyback exemption” that enables broker-dealers to continue to quote an OTC security, now requiring current information, a priced quote and certain restrictions on shell companies.
https://www.benzinga.com/government/21/04/20486924/the-sec-has-overhauled-its-rule-determining-which-companies-can-and-cannot-be-quoted-over-the-counte#:~:text=Retail%20investors%20will%20soon%20have,not%20traded%20on%20an%20exchange.
8ks are meaningless for OTC . They Must get current and they were unable to do that for YEARS . If they can’t get current and stay that way this year it’s game over for trading it with any liquidity if at all.
Love Coinbase —- it’s best to have BOTH Coinbase and Coinbase Pro as well
Yes but the point is it likely went down to heavy volume — wasn’t down long — I was locked out about 5 min but put trades in when it came up
That is true — their sites actually went down quite a bit today — my guess is so many transactions hammered their servers
The rules are the rules — we don’t make them - others do — current in OTC is good ; not current is bad .
Pretty simple .
The stock is dead if they can’t get current — all else is meaningless
Any management that does not keep their OTC stock current is garbage . Full stop .
It’s garbage if they can’t stay current — absolute garbage .
I trade no current tickets for flips .... but they’re garbage .
The very minimum an OTC ticker should do is stay current .
And I don’t believe that or anything anyone posts second or third hand — I go to the source .