Replies to post #71168 on TAP Real Estate Technologies Inc (RWAX)

[Huggy Bear]

To put more money in their pockets?

[samsamsamiam]

shareholder letter:

https://global-uploads.webflow.com/5f29edcccc8a2a029f37475a/600b6060eba146336b6b6d53_HUMBL%20Shareholder%20Letter%20PDF.pdf

HUMBL has entered into a binding term sheet with three affiliated entities – BLOCK 30
Financial, BLOCK 30 Marketplace and BLOCK 30 Pay – for the purchase of the
intellectual property of these three entities. As a team, we decided it made more sense
to consolidate all operations and intellectual property in HUMBL rather than have
HUMBL license the technology from these entities.
To accomplish that goal, HUMBL has entered into a binding term sheet with the three
other entities to purchase all of their patents, trademarks, software and other intellectual
property in exchange for HUMBL common stock


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They are acquiring Foote's other companies in exchange for Common Stock. And that will dilute the shares out. Add in the Warrants being exercised down the road - and where do those common shares come from? The Billion shares left was not adequate - do you think Foote would hand over all that property for just the shares that were left.