TSNPD*Why 1-4 Reverse Split is a Good Thing...
is now TSNPD
. The "D"
at the end of the ticker means... New Issue - This is temporarily used to denote a corporate reorganization or a stock split: https://www.investopedia.com/ask/answers/06/nasdaqfifthletter.asp https://support.quotemedia.com/support/solutions/articles/13000074165-symbol-suffixes-behind-the-dot-and-fifth-letter-extensions
In this case, the suffix letter "D"
indicates the 1-4 Reverse Split
had recently announced below: https://finance.yahoo.com/news/humbl-inc-completes-corporate-actions-210000702.html
This means that us as shareholders, the number of our shares will get smaller by four times
, but the stock price will get bigger by four times
based on this ratio. This means that with this 1-for-4 Reverse Split
, we will receive one share of newly issued stock for every four shares of the old stock that we had owned.
The value stays the same for our positions as indicated in the example below:
1,000,000 shares ÷ 4 = 250,000 Shares
$1.00 Share Price x 4 = $4.00 Per Share 1,000,000 Shares x $1.00 = $1,000,000 in Value
This is the same value as ... 250,000 Shares x $4.00 = $1,000,000 in Value
The TSNPD/HMBL 1-4 reverse split
is really a good thing. The company doing a 1-4 reverse split this small means that they have their interest
and their shareholders' best interest at heart.
This means that they are doing this small 1-4 reverse split for some positive reasons that confirms that they have some very serious plans to move forward with the growth of TSNPD/HMBL
and they want to make sure it is positioned to be trading fairly within the market to capture its full potential for growth.
Let's get right down to it. Brian Foote, George Sharp,
and the rest of the TSNPD/HUMBL/HMBL TEAM
are all smarter than what I think a small few here are willing to admit. The PR indicated below the reasons for justifying a small 1-4 reverse split that I think we should dissect to help all understand why them doing this small 1-4 reverse split is really a very good thing:
Quote: TEAM HUMBL
“The company’s Board of Directors concluded that it was important to quell the volatility in the share price. Prospective investors and current shareholders were concerned that it was difficult to pinpoint the true value of the common shares. Furthermore, this will force any outstanding short positions to cover their position. The board was also sympathetic to the need not to wipe out the holdings of the shareholders, and therefore determined that this small reverse split would satisfy both requirements.”
believes that TSNPD
has been shorted
in some very unfair ways. This small reverse split will force an official accountability
of shares to take place in conjunction with their name, ticker, and cusip # changes
as the name has already officially changed to HUMBL Inc.
On a quick side note, these approvals of these series of approved corporate actions
confirms that TSNPD/HMBL
has passed the test of scrutiny by the SEC, FINRA, and OTC Markets
to be considered very legit. So those who were still wondering if this was a scam, should ”officially”
stop wondering now.
Ok, let’s get back to it. Remember what I stated above, we will receive one share of newly issued stock for every four shares of the old stock that we had owned.
Without doing this action, the shorted positions would have remained masked and could likely go uncovered. Doing this will force any outstanding short positions to cover their position while not hurting shareholders. It will also force the stock to trade much thinner which would go in line with any major updates coming to help force significant or additional buying pressure which could force a short squeeze to occur by forcing the guilty culprits that shorted TSNPD
to cover their shorted positions. As the price goes up higher, the more money those that shorted will be out of.
Also, this reverse split would create a fair reduction in the company's Outstanding Shares (OS)
which would position the company to be able to help investors to be able to assess future fundamental valuations from a much better looking share structure. This is important because the OS
is the key fundamental denominator
that used to assess the fundamental valuation
of a company because the OS
is used to derive the Earnings Per Share (EPS)
for a company. This brings me to my next topic or reason for them doing this small reverse split... the NASDAQ
Doing this small reverse split positions TSNPD/HMBL
to be better positioned to meet the NASDAQ
requirement of needing to meet the $4.00 minimum Bid
requirement as indicated below:
TSNPD/HUMBL Journey to NASDAQ
Here's something to possibly compare and contrast
where a small reverse split was done to maybe help to have a better understanding. I was in INTV
who had done a 1:50 reverse split
when it was at .001 per share pre-split
. After doing their 1:50 reverse split
, it opened at .05 per share post-split
. Then it went from .05 to $6.74 per share
with plenty of volume. I'm only posting this to show that if that is what transpired from a 1-50 reverse split, imagine what could transpire here with a greater than 10 times better the ratio with TSNPD
doing its 1-4 reverse split
I personally don't know George Sharp, but he has been spot on with TSNPD/HUMBL
. He recently tweeted this below of Conference Call (CC)
and major news coming of which I believe all should read and take very seriously:
This coincides with the news that was just released this morning of the Conference Call (CC)
HUMBL, Inc. Announces Shareholder Conference Call to Take Place Today
Shareholder Conference Call to Take Place Today
San Diego, CA, Feb. 26, 2021 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTCPINK: TSNPD) (“HUMBL”), announced today that it will host a “Zoom” shareholder conference call on February 26, 2021 at 5:00 p.m. EST.
During the call, management will discuss the company’s recent corporate actions and announce other significant developments at the company. There will also be updates provided with respect to ongoing projects.
Interested shareholders and press are invited to join the call through the link provided below. Attendance will be limited to the first 5,000 sign-ins.
About HUMBL, Inc.
HUMBL® is a new, Web 3 platform being developed to seamlessly connect consumers and merchants in the digital economy, across its HUMBL® Mobile Applications, HUMBL Marketplace and HUMBL Financial divisions.
HUMBL® Mobile Applications will deliver more seamless global transactions, by integrating multiple currencies, payment methods and financial services into reduced clicks for the customer.
HUMBL Marketplace™ was developed to connect customers and merchants online, in improved global commerce, deal discovery and blockchain tokenization programs.
HUMBL Financial™ has developed new software and algorithms for the digital asset trading markets, which are a new global market for blockchain technologies, and will also offer other credit, lending and financial services.
HUMBL Financial™ products are not available in the United States and other select countries, and are not being marketed to United States customers.
Company Website: www.HUMBLpay.com
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.