Monday, March 25, 2024 2:57:23 PM
Sharp didn't want traders (people like Alex Delarge and Tim Sykes) to know about the RS because he knew they would short the hell out of the stock. They likely did. The former was arrested for securities fraud shortly after. The later made it public that he shorted the hell out of the stock along with his cult. Sharp would have done investors a favor had they not known early, but some butt posted it likely after selling his own shares. Sharp and Sykes talked publicly. Sharp didn't want to piss off Sykes and IMO tried to temper Sykes a bit - not sure of the extent it helped.
Sharp quit as consultant when Foote started getting involved in toxic debt. He later rejoined the company as consultant when Foote cancelled the toxic deal with Brighton. He then quit again when Foote picked up toxic debt from Brighton and other "lenders." Coincidence in the timing? No way. That was likely the reason for the pending lawsuit. Foote's spending on stupid stuff as well as his inability to get better financing made the problem of Mark Grado substantially worse. When Foote "refunded" Sharp's initial investment in warrants, it made the lawsuit go away. HMBL would have lost 3x the initial amount plus fees.
As for money made, he made a very small amount and it was only on consulting - not his warrants. Further, if you look at the deal he struck, he should have made millions on the deal he brokered. The deal was incredible. After quitting, Sharp should have actually sold a ton of stock for the benefit of FORW, but he didn't. I was told by someone that Warren Buffet bought and held Coke stock and never sold a share. That person told me that Sharp wanted to have the same story with HMBL. I have no idea if that is true, but it explains Sharp not bailing completely on HMBL. That and he still believes in the company - read his resignation letter.
As for you suggesting you cannot connect the dots from "Sharp committed fraud" from some stupid poser to "Sharp didn't and here is why," then I don't know what to tell you.
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