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Replies to post #77949 on HUMBL Inc (HMBL)
02/26/21 9:30 AM
02/26/21 9:32 AM
02/26/21 10:43 AM
stervc Member Level Friday, 02/26/21 09:21:03 AM
Re: stervc post# 77188 0
Post # 77949 of 78117
TSNPD*Why 1-4 Reverse Split is a Good Thing...
Officially, TSNP is now TSNPD. The "D" at the end of the ticker means... New Issue - This is temporarily used to denote a corporate reorganization or a stock split:
https://www.investopedia.com/ask/answers/06/nasdaqfifthletter.asp
https://support.quotemedia.com/support/solutions/articles/13000074165-symbol-suffixes-behind-the-dot-and-fifth-letter-extensions
In this case, the suffix letter "D" indicates the 1-4 Reverse Split that TSNP had recently announced below:
https://finance.yahoo.com/news/humbl-inc-completes-corporate-actions-210000702.html
This means that us as shareholders, the number of our shares will get smaller by four times, but the stock price will get bigger by four times based on this ratio. This means that with this 1-for-4 Reverse Split, we will receive one share of newly issued stock for every four shares of the old stock that we had owned. The value stays the same for our positions as indicated in the example below:
1,000,000 shares ÷ 4 = 250,000 Shares
$1.00 Share Price x 4 = $4.00 Per Share
1,000,000 Shares x $1.00 = $1,000,000 in Value
This is the same value as ...
250,000 Shares x $4.00 = $1,000,000 in Value
The TSNPD/HMBL 1-4 reverse split is really a good thing. The company doing a 1-4 reverse split this small means that they have their interest and their shareholders' best interest at heart. This means that they are doing this small 1-4 reverse split for some positive reasons that confirms that they have some very serious plans to move forward with the growth of TSNPD/HMBL and they want to make sure it is positioned to be trading fairly within the market to capture its full potential for growth.
Let's get right down to it. Brian Foote, George Sharp, and the rest of the TSNPD/HUMBL/HMBL TEAM are all smarter than what I think a small few here are willing to admit. The PR indicated below the reasons for justifying a small 1-4 reverse split that I think we should dissect to help all understand why them doing this small 1-4 reverse split is really a very good thing:
Quote:
https://finance.yahoo.com/news/humbl-inc-completes-corporate-actions-210000702.html
“The company’s Board of Directors concluded that it was important to quell the volatility in the share price. Prospective investors and current shareholders were concerned that it was difficult to pinpoint the true value of the common shares. Furthermore, this will force any outstanding short positions to cover their position. The board was also sympathetic to the need not to wipe out the holdings of the shareholders, and therefore determined that this small reverse split would satisfy both requirements.”
TEAM HUMBL believes that TSNPD has been shorted in some very unfair ways. This small reverse split will force an official accountability of shares to take place in conjunction with their name, ticker, and cusip # changes as the name has already officially changed to HUMBL Inc.
On a quick side note, these approvals of these series of approved corporate actions confirms that TSNPD/HMBL has passed the test of scrutiny by the SEC, FINRA, and OTC Markets to be considered very legit. So those who were still wondering if this was a scam, should ”officially” stop wondering now.
Ok, let’s get back to it. Remember what I stated above, we will receive one share of newly issued stock for every four shares of the old stock that we had owned. Without doing this action, the shorted positions would have remained masked and could likely go uncovered. Doing this will force any outstanding short positions to cover their position while not hurting shareholders. It will also force the stock to trade much thinner which would go in line with any major updates coming to help force significant or additional buying pressure which could force a short squeeze to occur by forcing the guilty culprits that shorted TSNPD to cover their shorted positions. As the price goes up higher, the more money those that shorted will be out of.
Also, this reverse split would create a fair reduction in the company's Outstanding Shares (OS) which would position the company to be able to help investors to be able to assess future fundamental valuations from a much better looking share structure. This is important because the OS is the key fundamental denominator that used to assess the fundamental valuation of a company because the OS is used to derive the Earnings Per Share (EPS) for a company. This brings me to my next topic or reason for them doing this small reverse split... the NASDAQ.
Doing this small reverse split positions TSNPD/HMBL to be better positioned to meet the NASDAQ requirement of needing to meet the $4.00 minimum Bid requirement as indicated below:
Quote:
TSNPD/HUMBL Journey to NASDAQ
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161962058
Here's something to possibly compare and contrast to TSNPD where a small reverse split was done to maybe help to have a better understanding. I was in INTV who had done a 1:50 reverse split when it was at .001 per share pre-split. After doing their 1:50 reverse split, it opened at .05 per share post-split. Then it went from .05 to $6.74 per share with plenty of volume. I'm only posting this to show that if that is what transpired from a 1-50 reverse split, imagine what could transpire here with a greater than 10 times better the ratio with TSNPD doing its 1-4 reverse split.
I personally don't know George Sharp, but he has been spot on with TSNPD/HUMBL. He recently tweeted this below of Conference Call (CC) and major news coming of which I believe all should read and take very seriously:
Quote:
https://twitter.com/GeorgeASharp
P.S. Don't ask. I'm not telling you. https://t.co/wqgVRQxYKo
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 26, 2021
02/26/21 1:21 PM
02/26/21 1:56 PM
AI
