HUMBL Inc (HMBL)

[surfkast]

Did Sharp actually pay $2 million out of his own pocket?

I call bullshit

From the FORW 2020 financials

Investment at cost in HUMBL (200,000)

https://www.otcmarkets.com/otcapi/company/financial-report/273659/content

On November 15, 2022 HUMBL entered into a Settlement Agreement and Mutual Release of Claims (the “Release Agreement”) with Forwardly, Inc. (“Forwardly”) under which HUMBL has agreed to pay Forwardly $2,200,000 in five equal monthly payments of $440,000 commencing November 15, 2022 and ending March 15, 2023. The payment is being made in connection with a warrant (the “Warrant”) that Forwardly purchased from HUMBL for $200,000 in 2020 that provided for the purchase of up to 125 million shares of HUMBL common stock of which Forwardly purchased 10 million shares for $2,000,000 in 2021. Forwardly retained the 10 million shares under the Warrant in lieu of interest on the $2,000,000 it paid to exercise that number of shares of HUMBL common stock under the Warrant and has returned the Warrant to HUMBL for cancellation. The foregoing description of the Release Agreement does not purport to be complete and is qualified in its entirety by reference to the Release Agreement which is filed as Exhibit 10.2 to this Current Report on Form 8-K.

https://www.otcmarkets.com/filing/html?id=16213552&guid=80N-kpV3q_DvJth