HUMBL Inc (HMBL)

[NoMoDo]

HMBL reduced it's debt by $1.8mil from March 31 to May 11. See 1Q subsequent events.

The main debt is/was as follows:
$585k convertible loan matured 5/11/24 likely converted (about 1.3bil)
$781k Monster convertible loan likely converted (about 1.8mil shares - see above)
BRU $1.2mil. Likely 1.1bil shares to go. BRU is working with HMBL longer term. They won't want to kill HMBL, but they likely have been slowly dumping shares when given a chance. This debt matured on Jan 11, 2024 and wasn't reported as converted as of Mar 31.

Then in mid July, another $385k will come due. After that, about $100k per month through the end of the year.

Why is debt more important than share count? Share price combined with convertible debt determines dilution. BRU is straight conversion - $1.2mil converted as whatever the share price is below .003. The above first two convertible debt offerings above were based on 70% of share price as is all other upcoming debt. It pays the lender to bring the stock price down so they can get an endless supply of shares(toxic financing). This is why some are amazed that the stock price is not at .0001 because whoever is buying all the dilution has kept the company alive. If the $585k loan and Monster are gone, there is no longer an incentive to drop prices until mid July. Once debt is controllable and even a small net profit exists, a RS can happen and the share structure could be normal. A RS is only scary if the company cannot show even a $1 net profit. Equity financing reduces the ownership of all, but debt financing bury companies that cannot show a profit in a reasonable time.


Santa Cruz gov "beta test" has been going on for 6months.