TAP Real Estate Technologies Inc (RWAX)

[NoMoDo]

Since I really shouldn't have engaged with you, I will answer my own question:

You: HMBL withdrew its last RS. That must mean that FINRA wouldn't process an RS.

Not true. Someone who had Foote's ear threatened to make waves if they did a RS while having so much convertible debt. Had they done a RS last year, they would have cut the value of every stockholder's position by over 90% and then the stock would still be sitting at about the same value. The only ones who would have benefited would have been the lenders. Instead, debt needed to be eliminated or virtually eliminated before a RS so shareholders can retain as much value as possible.

:But, but a RS will wipe us out.:

At this point, the stock is sitting at .0002. Down from .0003 when the shell was bought. Down from $1.40ish high before the "gentle" RS. The wipe-out already happened.

By waiting until after debt is removed, the RS will be simply a cutting of the pie into different pieces as long as they have income to pay their fixed costs at minimum. I expect a 100 to 1 RS eventually. I am ok with that as long as it is done after debt is eliminated and an income stream that is expected to pay the expenses.

You: NO, FINRA didn't process, so they had to pull the RS.

San Diego, California, Feb. 22, 2023 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTCQB: HMBL) announced today that the Company has decided to cancel its application for a 1:10 reverse split of its common stock with FINRA. The Company withdrew the FINRA application in light of reassessing its strategic plans for a future uplist to a major stock exchange and may reapply later this year should it be necessary to do so.

“We are starting off 2023 with a detailed review of our business and making strong moves accordingly. On February 10th, HUMBL launched the first mobile wallet with digital assets, a search engine and verified social media profiles in one application. Further, HUMBL is in the process of aggressively settling legacy debt and recapitalizing the Company with the goal of less dilutive financing,” said Brian Foote, CEO of HUMBL. “We also revisited the purpose of the reverse split and believe it is neither aligned with our current objectives, nor particularly beneficial for our retail shareholders at this juncture.”