HUMBL Inc (HMBL)

[TenKay]

Yup. Was working off the subsequent events section only.

So we know that there is no longer any real estate.

That in order to maintain the $17 million value to HMBL they raised the stake in WSCG to 48.6%…which leads to some interesting questions about how they value WSCG since that increase in the percentage does not offset the removal of that real estate asset.

We know that in Q1 only 758 Pref C shares were converted which is only a very small portion of the massive dilution we saw.

We know that 64.7% of HMBL HoldCo units were used to remove 6,000 shares of Pref C. Which is also interesting math since 6000 PrefC shares are worth $6 million but the 64.7% is worth around $11 million.

We know that BRU got 9.5% of the Holdco units so overall the $17 million asset has dropped by 78.2% to about $3.7 million.

And…there are still 5622 Pref C shares still in the books which at the current pps equates to over 18 Billion shares of dilution.

Not what many were expecting I suspect.