Monday, January 20, 2025 7:25:15 PM
I believe HUMBL could be facing illegal naked shorting, causing complications for illegal short sellers due to an abundance of counterfeit shares. I speculate that HUMBL is possibly extending time for these shorts to rectify their positions with legitimate shares prior to their corporate action changes, in an effort to prevent another MMTLP-like event. This belief is based on the fact that a penny stock with an $8 billion market cap, lacking products and driven by pure speculation at that time, did not gain the title of "Ultimate scam" by the you know who's without reason... this could also be interpreted as the "Ultimate short."
Avoiding another MMTLP situation, where a FINRA U3 halt has left around 65,000 shareholders in a holding pattern for 773 days, would be reason for concern. Although critics might dispute this, it's unlikely that any MMTLP shareholder would disagree. If there are those who wish to argue that MMTLP shareholders have been in a trading halt for over two years without a solution, feel free to provide your reasoning. The exact reasons for the continued halt have not been resolved. Please don't counter debate with "FINRA said this or that"; what they said doesn't offer a solution. In my opinion, a solution doesn't exist because it's too significant of a financial issue for the illegal actors to cover, and there might even be uncertainty about who these illegal actors were.
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