AI
Wednesday, May 14, 2025 7:53:49 PM
After Brian retired some of his preferred shares(twice)..the count was 552,913 a/o Sept 30, 2021. End of year Dec 31,2021.... the count was 544,759. The start date was:
On December 3, 2020, HUMBL, LLC (“HUMBL LLC”) merged into the Company in what is accounted for as a reverse merger. Under the terms of the Merger Agreement, HUMBL LLC exchanged 100% of their membership interests for 552,029 shares of newly created Series B Preferred Stock. The Series B Preferred shares were issued to the respective members of HUMBL LLC following the approval by FINRA of the one-for-four reverse stock split of the common shares and the increase in the authorized common shares to 7,450,000,000 shares. The FINRA approval for both the increase in the authorized common shares and reverse stock split occurred on February 26, 2021. To assume control of the Company, the former CEO, Henry Boucher assigned his 7,000,000 shares of Series A Preferred Stock to Brian Foote, the President and CEO of HUMBL LLC for a $40,000 note payable. The Series A Preferred Stock is not convertible into common stock, however, it has voting rights of 10,000 votes per 1 share of stock. After the reverse merger was completed, HUMBL LLC ceased doing business, and all operations were conducted under Tesoro Enterprises, Inc. which later changed its name to HUMBL, Inc. (“HUMBL” or the “Company”).
The accounting as a reverse merger is something I disagree with...especially given the "tacking"
come late December...it started.
Follow the volume and know that 81,540,000 were being sold intot the market at these prices:
https://www.otcmarkets.com/file/company/financial-report/310260/content
https://www.otcmarkets.com/file/company/financial-report/317201/content
That is fn' bank man.
