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Cinnyricinclus

03/23/24 1:51 PM

#121646 RE: surfkast #121645

Basically it was for the $200k which George Sharp paid for the warrants and another $2 million which George Sharp paid to exercise some of the warrants. Foote refunded the entire $2,200,000.

I didn't see any details on the dispute between George Sharp and Humbl. NoMoDo seems to believe the dispute related in part to doing a reverse split, but since Sharp was involved in the reverse split, that seems very unlikely. NoMoDo might just have his facts mixed up.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001119190/000149315222032971/form8-k.htm

NoMoDo

03/25/24 3:03 PM

#121660 RE: surfkast #121645

I guess if your only income is catching some crawfish in NJ, then yea, he made a ton of crawfish. Paying $2mil for warrants and then 2 years later getting back $2.2 mil means he made pretty much nothing. HMBL couldn't have gotten a cheaper loan - as you know. 5% a year is almost as good as free.