HUMBL Inc (HMBL)

[NoMoDo]

Hey dummy? Maybe try reading comprehension. There is still no stated claim in the amended complaint. You might know that if you actually read it.

Hey dummy... I posted a link to the complaint. Try reading it.

Seems their main source is Hindenburg - a discredited gossip column that openly claimed to short the stocks they slam. Hindenburg has actually gone out of business after getting caught illegally working with brokers and hedge funds to destroy companies. Probably not a good idea using them as their main source.

I will go out on a limb and guess that the lawyer who wrote this just got his law license. This was so poorly written. My favorite part of the complaint is the Scheme:

B. The Scheme is Set in Motion
38. The merger between Tesoro and HUMBL was facilitated by Defendant Sharp – a known player in the OTCMKT with a history of brokering reverse mergers and a penchant for thoroughbred horses (including one named “Front-Run the Fed”15).
15 “Front running is the illegal practice of purchasing a security based on advance non-public information regarding an expected large transaction that will affect the price of a security. Front running is considered as a form of market manipulation and insider trading because a person who commits a front running activity expects security’s price movements based on the non-public information.” https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/front-running/. Cases of front running typically involve trading stock in and out of undisclosed,

39. In this instance, Sharp connected Defendant Foote with Tesoro’s near-death CEOHenry Boucher (“Boucher”) and orchestrated a lightening-speed merger that instantly turned a worthless company into one worth billions of dollars—despite having no products on the market.

OH no... Sharp has a penchant for thoroughbred horses. Guilty. He named one Front-Run the Fed. Oh man... if that is not a nail in the coffin... They did however, fail to mention that Sharp likes margarine on his toast, his favorite color is (BLOOD) red and that his toenails have not been cut in weeks. Wait til that news comes out - he will be finished. Wait a minute... they focused on horses? Oh, I now know why one of our junior detective posters is here.

Also note that the plaintiffs admitted that Sharp turned a worthless company into one worth billions of dollars. That bastard. He single-handedly made HMBL worth billions. These two plaintiffs just admitted that the company in lightening-speed" went from worthless to worth billions without any products. Anyone with an ounce of common sense would know that the company was not actually worth billions BECAUSE it had no products on the market. Had the plaintiffs spent 5 minutes with a qualified professional, they would have been told that stock prices do not always accurately reflect the company's actual value. HMBL is a prime example. Case will be dismissed for failure to state a claim based on this statement alone. If the investors knew it had no product, then they can't complain that the stock price fell. If they claim that they believed the company had products, then they failed to do their own DD. I got a feeling that Sharp will be filing for malicious prosecution. And Foote should sue for intentional interference of business purposes, false light as well as malicious prosecution. I would also be interested in knowing if either of these junior detectives had direct contract with Hindenburg.