Wednesday, September 24, 2025 2:26:52 PM
And yes you can add the percentages...here is why:
Lets just look at two numbers PROVIDED BY THE COMPANY...the "loss on conversion" for each of the transactions.
$14,000,000 and $1,621,171.
That totals $15,621,171
What was the original value of WSCG on HMBL's books? Approx. $16,800,000
So what is the % drop (or loss) in value to HMBL for those two transactions?? 15,621,171/16,800,000 = 93% drop in value.
Same number you get when you add 83% and 10% BTW...
That leaves 7% of the Holdco units left in HMBL's hands after those two transactions.
And 7% of 48.6% is ...you guessed it... 3.4%
Since WSCG has a stated value of approximately $34.6 million that means the remaining value on HMBL's books is approx. $1.2 million.
Which is what the 10Q will show in November assuming they haven't used more HoldCo units to satisfy another obligation...in which case it will be lower.
So...use your big math brain to explain, with specificity, were the flaw is in that analysis. I am all ears.
1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95.7% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?
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