So Forwardly got 10mil shares of HMBL and their money back. HMBL got the use of the $2mil for several months in return for about $140k worth of shares.
The Company shall not comment on the circumstances which led to the Settlement Agreement, nor any reference to Charger Corporation and the Company’s former consultant, Louis Sapi, within that Agreement.
The Company continues to wish HUMBL well in all its endeavors and it is the Company’s opinion that HUMBL is led by world-class, blockchain talent. As the Company is not an investment advisor, this opinion should not be construed to be a recommendation of HUMBL as an investment.
The returned funds shall partially be used to complete the repayment of the loan to the Company by the CEO.
There is no doubt they used those warrants to pump BOTH stocks. It was more than just a loan. George was busy bragging in filings just how much those warrants were worth. And used then in the books.
According to Mr. Sharp, “HUMBL’s business model and leadership in blockchain based, global payment systems made this investment especially interesting to Forwardly. The investment has already proven to be mutually beneficial. As a result of the public’s enthusiasm in HUMBL’s endeavors, and the fortuitous timing of the execution of the purchase agreement, the warrants negotiated by Forwardly are already well in the money, and Forwardly owns an asset currently worth over one hundred million dollars. This will provide us the leverage to raise additional funds for all of our projects at optimally attractive terms.”
I am starting to believe someone is actively being investigated. And there is an attempt to clean up the books.
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