Replies to post #103419 on HUMBL Inc (HMBL)

[samsamsamiam]

250 million?? Did that change since the original deal?
Weren’t there two warrant holders? Who held the other warrants?
Did they r/s with common?

Forwardly, Inc. Acquires Warrants to Purchase 500 Million Shares of Tesoro Enterprises, Inc.
Press Release | 12/10/2020
Boulder City, NV, Dec. 10, 2020 (GLOBE NEWSWIRE) -- George Sharp, President and CEO of Forwardly, Inc. (OTCMKT: FORW), announced today that the company has made a cash investment in Tesoro Enterprises, Inc. (OTCMKT: TSNP), soon to be renamed HUMBL, Inc., as one of two parties to purchase Tesoro warrants. These warrants enable Forwardly to purchase up to 500 million shares of Tesoro common stock within a period of two years. The agreement between Forwardly and Tesoro was entered into on November 23, 2020, and its closing was contingent on the completion of the merger between HUMBL and Tesoro Enterprises, Inc., which has now taken place.





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Forwardly Arranges for $2 million in Non-Dilutive Debt Financing; Will Commence Exercising HUMBL Warrants
Press Release | 11/19/2021
Henderson, NV, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Forwardly, Inc. (OTCMKT: FORW), announced today that it has arranged for $2 million in debt financing from its CEO, George Sharp. Under the terms of the 12 month loan, Mr. Sharp shall be entitled to an interest rate of 8% APR. The loan is not subject to conversion into Forwardly stock.

Proceeds from the loan will be used to immediately purchase 10 million shares of HUMBL, Inc. (OTCMKT: HMBL) through the partial exercise of a warrant the company holds to purchase up to 125 million warrant shares through December 2023 at $.20 per share. Forwardly will be unable to sell these shares until they are registered with the SEC, and the company has no intention of disposing of any stock at depreciated values.

[TenKay]

While the warrants as a % of the OS is one way to look at it, the other and perhaps more important is the warrant number compared to the daily average trading volume.

And that is large.

The warrants also have a strike price that the stock has been steadily creeping towards and it could become a vicious circle if the selling of the converted stock starts to push down on the pps which prompts more urgency to convert and sell.

Also the Pref B will be hanging in the wings. So it is conceivable that they will try to exercise as much as they can before the Pref B dilution begins. 250 million shares is about 3 months worth of volume…so in effect that would increase the volume by 100% and that increase would be all selling.

The math doesn’t look great.

[Perfectson]

As you know someone executed $4m dollars worth of warrants (George/Forw or the another holder).

someone mentioned the rule, so I assume they converted the warrant to stock and then the 1year rule would allow them to sell the stock on the open market.