TAP Real Estate Technologies Inc (RWAX)

[TenKay]

They hid that B-share issuance until the last possible moment which as an "alternative" reporter at the time was well after it happened. Although to be fair, there were hints it would happen in some form. Even from Sharp. There was no way the equity holders of Humbl were going to just give away the farm to the legacy holders of TSNP for nothing...and to be honest that should not have been expected.

But the reality that Foote knew...and most of his partners, friends and family that were issued the B-shares at a cost basis of $0.00001 knew, is that once they started converting and selling, the pps would be on a path to destruction.

So the solution...at least in Foote's mind probably prompted by posts here...was to restrict the Pref B holders ability to convert...over time. Problem was the restriction was entirely inadequate. So while it avoided an immediate crash of the pps...it did set up the conditions for what we saw.

A steady, consistent and unrelenting decline of the share price...which was entirely predictable.

On top of that was the convertible debt they needed to sell that came into play because they needed cash to keep the charade afloat since the Pref B contributed exactly ZERO cash to the company.

And that ultimately led to a low trip zero stock.

So Round 2 of the con was when after all components of the scam had run their course, Foote decided to extract the asset...at least the meaningful ones from the company and move on. So they pulled out the playbook and tried the Ybyra, WSCG, HMBL triangle deal. It provided a pop...and not a bad one at a 10-20X bagger...but it did not last long at all...like hours. In fact, many believers got caught in the 0.002 and higher range expecting lightening to strike twice.

But it didn't.

Now...the former CEO...no longer encumbered by his position as an officer or director of the company has decided to engage in things.

That is the kiss of death. I have never seen it work out well.

Just ask Cary Lee Peterson...first time I found my posts referenced in an SEC enforcement action.