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Wednesday, March 26, 2025 5:17:30 PM
The SEC should have shut down Brian Foote and this obvious scam long ago...
From the Archives.
“The HUMBL network was designed to disrupt entrenched regional banks, wire services and roadside finance providers in emerging markets such as Latin America, Caribbean, Asia and Africa to help reduce costs and improve settlement speeds for customers.”[/quote]
“HUMBL has designed a mobile wallet (HUMBL®) and merchant software (HUMBL Hubs™), that help primarily cash economies migrate to digital money services.”
In CEO Brian Foote’s own words:
“We didn’t build HUMBL for the 450 million digital customers using Apple Pay, but for the 7 billion people for whom money has a totally different set of global pathways, access points and cost structures.”
In subsequent investor webinars Foote outlined a company roadmap that would see a disruptive peer-to-peer application launch in Q2 2021, a curated NFT marketplace that teased professional athletes such as Johnny Cueto and Nelson Cruz, and collaborative efforts with one of the top sports agencies in the world, Athletes First.
As far back as May 5, 2019 Foote was on record saying:
“On a very personal level, I wanted to help people 40 and under (myself included) have a chance to ‘buy in’ on the front-end of a new hybrid investment, technology and trading market, while improving investor education and protections as that market evolved.”
Needless to say, investors felt they had found the “unicorn of all unicorns,” a phrase later used by Charles Payne when he interviewed Foote on Fox’s Making Money.
Brian Foote appeared to be a man of the people, providing the little guys with the opportunity for generational wealth.
In late January Humbl launched a multi-city digital billboard campaign celebrating the imminent launch of their disruptive application. The stock "mooned" in early February.
CORPORATE ACTIONS
On February 24th, HUMBL's financial advisor, George Sharp, teased on Twitter:
“Ring out the bells and let the banners fly! FINRA will process TSNP’s corporate actions on Friday #HUMBL #yay”
Most believed this tweet to mean that Humbl would finally receive its new ticker symbol (HMBL), but “corporate actions” turned out to be a euphemism for a pending reverse-split and the clandestine creation of a new set of Series B Preferred Shares that would make Foote and friends rich beyond their wildest dreams while leaving retail investors holding a bag.
?The details of the B shares were not released to retail investors during the February 26th Investor Call, but were quietly included in the audited year-end financials, nearly 2 months after the R/S. There was ZERO transparency on this issue with retail shareholders about this major restructuring of the stock.
Unscrupulous corporate behavior isn’t uncommon in the OTC, but it did come as a shock to ardent believers in Foote when it was revealed that "HUMBL quietly issued preferred shares convertible into 5.54 billion common shares to insiders and family members, setting retail investors up for total annihilation when those shares unlock and become available for sale.”
Foote had effectively made himself a paper billionaire before ever having delivered a product.
Although the stock price began to nosedive, Humbl longs believed the ship would ultimately be righted by Foote with the delivery of their disruptive flagship application, HumblPay.
Much, much more...
https://web.archive.org/web/20240825224831/https://humbllawsuit.com/
.
Watch your wallet
Buyer Beware
Pump and Dump
..
From the Archives.
“The HUMBL network was designed to disrupt entrenched regional banks, wire services and roadside finance providers in emerging markets such as Latin America, Caribbean, Asia and Africa to help reduce costs and improve settlement speeds for customers.”[/quote]
“HUMBL has designed a mobile wallet (HUMBL®) and merchant software (HUMBL Hubs™), that help primarily cash economies migrate to digital money services.”
In CEO Brian Foote’s own words:
“We didn’t build HUMBL for the 450 million digital customers using Apple Pay, but for the 7 billion people for whom money has a totally different set of global pathways, access points and cost structures.”
In subsequent investor webinars Foote outlined a company roadmap that would see a disruptive peer-to-peer application launch in Q2 2021, a curated NFT marketplace that teased professional athletes such as Johnny Cueto and Nelson Cruz, and collaborative efforts with one of the top sports agencies in the world, Athletes First.
As far back as May 5, 2019 Foote was on record saying:
“On a very personal level, I wanted to help people 40 and under (myself included) have a chance to ‘buy in’ on the front-end of a new hybrid investment, technology and trading market, while improving investor education and protections as that market evolved.”
Needless to say, investors felt they had found the “unicorn of all unicorns,” a phrase later used by Charles Payne when he interviewed Foote on Fox’s Making Money.
Brian Foote appeared to be a man of the people, providing the little guys with the opportunity for generational wealth.
In late January Humbl launched a multi-city digital billboard campaign celebrating the imminent launch of their disruptive application. The stock "mooned" in early February.
CORPORATE ACTIONS
On February 24th, HUMBL's financial advisor, George Sharp, teased on Twitter:
“Ring out the bells and let the banners fly! FINRA will process TSNP’s corporate actions on Friday #HUMBL #yay”
Most believed this tweet to mean that Humbl would finally receive its new ticker symbol (HMBL), but “corporate actions” turned out to be a euphemism for a pending reverse-split and the clandestine creation of a new set of Series B Preferred Shares that would make Foote and friends rich beyond their wildest dreams while leaving retail investors holding a bag.
?The details of the B shares were not released to retail investors during the February 26th Investor Call, but were quietly included in the audited year-end financials, nearly 2 months after the R/S. There was ZERO transparency on this issue with retail shareholders about this major restructuring of the stock.
Unscrupulous corporate behavior isn’t uncommon in the OTC, but it did come as a shock to ardent believers in Foote when it was revealed that "HUMBL quietly issued preferred shares convertible into 5.54 billion common shares to insiders and family members, setting retail investors up for total annihilation when those shares unlock and become available for sale.”
Foote had effectively made himself a paper billionaire before ever having delivered a product.
Although the stock price began to nosedive, Humbl longs believed the ship would ultimately be righted by Foote with the delivery of their disruptive flagship application, HumblPay.
Much, much more...
https://web.archive.org/web/20240825224831/https://humbllawsuit.com/
.
Watch your wallet
Buyer Beware
Pump and Dump
..
I expose stock scams to gain knowledge about investigating the stock market players and for the entertainment it invariably generates. I've received NO compensation in any form for such, except for a few thank yous...
