HUMBL Inc (HMBL)

[TenKay]

I have already talked about how we know he didn’t pay $10 million but will do so again.

The PR that stated that was released on Nov. 17. In the PR it stated he had “recently purchased”. So that means he didn’t buy it that day.

But where did the $10,000,000 figure come from? Well, we know he purchased 318,000,000 shares. At a value of 10 million that is about $0.0314 per share.

So far so good?

OK...that was essentially the price of the stock that traded on Nov 17 so they were using the current value of the stock to declare that “worth”...and we know he didn’t buy it that day.

The other thing we know is that the ONLY other time the stock was at a price to get to the $10M value was the day before. That’s it. And it was only later in the day.

So could he have bought it all then?

No.

Because not enough stock traded anywhere close to $0.0314 on Nov 16 to make the 318 million shares...not even close. So we can reasonably conclude that it wasn’t bought then either.

But more importantly we know that he DID NOT pay $10 million because prior to Nov 16 the pps was nowhere near the $0.0314 needed to produce the $10M value for 318M shares. That has only ever been a incorrect inference people have made from the PR...and it’s hard to believe that they weren’t trying to word it in way to make people think he paid $10 million....because many did in fact think that.

So...when did he actually buy it and for how much we don’t know. But it would have been significantly lower than the $10 million based simply on the pps profile prior to the PR.

I think it is highly likely the stock was purchased when the front loading occurred in early July. The volume back then on those two days would certainly support that conclusion...and if that is when it happned he paid $32,000.

That PR was quite simply a stinkie pinkie move that apparently had some success in misleading people.