The HoldCo Units represent approximately 27.5% of the outstanding equity in WSCG with a value of approximately $17,000,0000. Upon transfer of the HoldCo Units, HUMBL will own 100% of HoldCo. HUMBL intends to keep a portion of the HoldCo Units to maintain exposure to WSCG’s performance and the HUMBL assets purchased by WSCG. HUMBL will also offer to exchange some of the HoldCo Units to its debtholders and holders of Series C Preferred Stock as a way to eliminate debt and reduce potential future dilution to common stockholders.
Three things the WSCG shares were meant to do: 1. ELIMINATE DEBT 2. Reduce future dilution (C shares) 3. Keep whatever is left.
You:
I thought it was to provide “exposure” to HMBL shareholders of the performance of its former assets…at least that is what they told everyone. I guess they lied.
I don’t think you comprehend what you have suggested here…
LOL.
Maybe if you read what they wrote, you could change your thinking. And I do comprehend what I have suggested here. Their plan was obvious. Next, I wouldn't be surprised if HMBL changes their name to something clever like... Tap... or Tap Real Estate... or Tap title... and then start licensing the tech that WSCP has. Maybe have Stuart use some of his connections in real estate to get some business going. Wait... can WSCP do that? Yea they can. So much for your shell idea.
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