Replies to post #118080 on HUMBL Inc (HMBL)

[surfkast]

Did Sharp actually pay $2 million out of his own pocket?

I call bullshit

From the FORW 2020 financials

Investment at cost in HUMBL (200,000)

https://www.otcmarkets.com/otcapi/company/financial-report/273659/content

On November 15, 2022 HUMBL entered into a Settlement Agreement and Mutual Release of Claims (the “Release Agreement”) with Forwardly, Inc. (“Forwardly”) under which HUMBL has agreed to pay Forwardly $2,200,000 in five equal monthly payments of $440,000 commencing November 15, 2022 and ending March 15, 2023. The payment is being made in connection with a warrant (the “Warrant”) that Forwardly purchased from HUMBL for $200,000 in 2020 that provided for the purchase of up to 125 million shares of HUMBL common stock of which Forwardly purchased 10 million shares for $2,000,000 in 2021. Forwardly retained the 10 million shares under the Warrant in lieu of interest on the $2,000,000 it paid to exercise that number of shares of HUMBL common stock under the Warrant and has returned the Warrant to HUMBL for cancellation. The foregoing description of the Release Agreement does not purport to be complete and is qualified in its entirety by reference to the Release Agreement which is filed as Exhibit 10.2 to this Current Report on Form 8-K.

https://www.otcmarkets.com/filing/html?id=16213552&guid=80N-kpV3q_DvJth

[TenKay]

…and he got to keep the stock he got for the $2 million….

[I-Glow]

What? You post garbage without understanding what you are posting.

Don't forget, Sharp paid $2mil. He demanded that Foote not do a RS that would screw investors. He was against some of the financing and spending Foote was doing. Sharp just got his money back after Foote failed to stick to the agreement.

Sharp initiated the reverse split.

George Sharp - zoom call/reverse split

So those “two SEC law firms” gave him the green light to do and say this?

“We received a number comments about how, ah, some...certain people would have wished that we had announced that we were going to do this reverse split sooner…in other words, we should have told you a week ago or two weeks ago, ah… I made the conscious decision that we were not going to tell you and I will tell you why – it would have created mass panic, some of you would have sold your stock, which is fine, but the problem is, with that mass panic instead of selling your stock at a dollar ninety cents, eighty cents seventy cents you probably would have ended up selling...a lot of you selling it for forty cents. So…ah, I don’t want to sound…ahhh… like I’m your mother but we saved a lot of you from yourselves here. The other issue is that this reverse split also forced any short positions to cover and I think that is what you saw today…a lot of the short positions covering. And…ahh..we didn’t want to warn those shorts that this was coming at all.”

Sharp knew about the reverse split and hid it from shareholders.

The groveling you do at the feet of Sharp is hilarious - you fabricate information to attempt to defend Sharp. Have some dignity - don't worry about credibility that was gone a long time ago.

IG