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Re: familyof5 post# 129146

Thursday, 01/02/2025 12:23:57 PM

Thursday, January 02, 2025 12:23:57 PM

Post# of 161524
WSCG pays HMBL

2.2.4 $2,000,000 via wire transfer of immediately available funds to Seller on or before December 31, 2024 (the “Subsequent Payment”).


The deal with WSCG becomes official:

Dear Stockholder:

HUMBL, Inc., a Delaware corporation (the “Company”), hereby notifies our stockholders of record as of the close of business on November 25, 2024 (the “Record Date”), that the majority of the stockholders of the Company have approved, by written consent in lieu of a special meeting on the Record Date, the following proposal:

To approve the sale of substantially all our assets to WSCG, Inc. under the terms of the Asset Purchase Agreement dated December 2, 2024.

This Information Statement is first being mailed on or about December 26, 2024 to our stockholders of record as of the Record Date. The action contemplated herein will not be effective until January 15, 2025, a date which is at least 20 days after the date on which this Information Statement is first mailed to our stockholders of record. You are urged to read the Information Statement in its entirety for a description of the action taken by the majority stockholders of the Company.

As for mentioning January 2nd, that is pure speculation on my part. Someone said that they expected the price to rise substantially during the holidays. From past experience, I figured that it wouldn't happen until after Jan 1 - this is due to people selling for profit from the recent run up, people selling for tax loss, balance sheet needed work still, and there is always lower volume during the holidays because - who wants to be worried about stocks when the children and grandchildren are around? The earliest we would likely see movement would be today, but more likely tomorrow. I said as much responding to someone a week or two ago.

Now HMBL will need to be out of debt when the deal happens - Jan 15th. They stated that the warrants will be honored for a year, but they want as many warrants that are in the money to be be sold so they don't need to worry about a debt converter who got warrants that wants to dump while they are trying to get the stock price up. Same goes for B and C pref holders. Note that Foote and Hindshaw could have sold some or all of their pref B shares. The bashers promised us that we were seeing Foote dump his, yet we just got an update of the 14c on Dec 26 and it states that neither sold a share - they won't. I am certain of it. The 14c didn't mention the remaining 1.38bill shares worth of B pref - I would imagine those have been selling in large order since the deal was announced.

I hope to get a PR by the end of the day stating that the $2mil was paid. That would be good for tomorrow and could help break through whatever OTCN and GTSM are selling. By Jan 15, I expect the balance sheet will be so clean we could eat off it. I would hope that we get a PR stating as much. That would be very good for HMBL. We should also find out what name and symbol we are trading under - that will be fun. As much as OTC traders freak out about a RS in all cases, they go bananas over an acquisition where their stock changes names and tickers. Neither are meaningful in these corporate actions, but the symbolism of a name change could be very good.
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