Replies to post #5045 on HUMBL Inc (HMBL)

[Farmboynate]

an empty shell is worth about 200K a pinksheets current info reporting shell is worth 500k- 1 million but i swear these guys are scammers

# Formerly=Tesoro Distributors, Inc. until 3-2010
# Formerly=IWT Tesoro Corp. until 6-2009

2 name changes in such a short amount of time

[Farmboynate]

this says it all "convertible debentures"
at these levels
looks to me like these guys know how to LOOSE money but not make any money



"Results of Operations for the six months ended June 30, 2010
Through its wholly owned subsidiary, Fashion Floor Covering & Tile, Inc. (FFCT),, TEI markets
and sells carpet, wood, ceramic tile and natural stone floor and wall covering materials. FFCT sells and
installs these products to retail customers, do-it-yourselfers and building contractors. Approximately 70%
of sales include installation labor. For twenty-five years prior to its acquisition by TEI, FFCT has
operated out of a single location. The store serves the surrounding counties of Westchester and Putnam,
New York and Fairfield and Litchfield, Connecticut. Repeat customers include owners of multi-family
rental homes, small apartment complexes and small commercial office buildings.
Revenue for the six months ended June 30, 2010, was $182,327, consisting of ordinary sales
activity, and consistent with recent pre acquisition history.
Gross profit for the period was $37,166 or approximately 20%. Operating expense for the period
was $237,233, primarily consisting of general and administrative expenses.
Net operating loss and Net loss for the period was $(203,157).
The Company expects revenues to be minimal for the near term outlook and there is no guarantee
that the company will be able to fund its growth and acquisition plan.
Working Capital and Shareholder Equity
The Company suffered a net loss of $203,157for the six months ended June 30, 2010. As
reflected in the consolidated and condensed balance sheet of June 30, 2010 the company had a working
capital deficit of approximately $189,482 and its total liabilities exceed its total assets by $188,066.
The Company has secured working capital through the periodic purchase of the company's equity
by sophisticated accredited investors under convertible debentures (the 504 Offering). During the six
months ended June 30, 2010, the company raised $114,000.00 through the issuance of various convertible
debentures. The company filed a form “D” with the Securities and Exchange Commission on August 26,
2009 (renewed on July 17, 2010). The form “D” filing provides that the Company may raise up to one
million dollars in any consecutive twelve month period from accredited investors. Please see the
company’s filings on the pink sheet web site at www.otciq/tsnp. For the twelve months ending June 30,
2010, the Company raised $228,000 through the issuance of various convertible debentures. The funds
raised under the Form “D” were used to fund the acquisition of Fashion Floor Covering and Tile, Inc. and
provide working capital to both the parent company and the acquisition. In addition, various professional
service providers, including Deerwood Capital, LLC, the company’s general manager (owned by Henry J.
Boucher, the Company’s CEO), have provided working capital to the Company by accepting restricted
common stock in exchange for their work. For the six months ending June 30, 2010 the company issued
$30,000 worth of restricted common stock at or above the listed selling price on the day of issue.
While the Company intends to continue to use its Form “D” capacity to raise funds for small
acquisitions, expansion of current businesses and for general working capital need, there is no guarantee
that the investors will continue to fund the Company or that the Company will be able to secure
additional funding. Even if funding becomes available, there is no assurance that it will be at a price
acceptable to the Company."

[Farmboynate]

here also tells me they are paying them selves way to much for not making any $$$$$$$

Net Sales $ 182,327
Cost of Goods Sold 145,161
Gross Profit 3 7,166
Operating Expenses:
Sales and marketing 4,472
Dereciation 4,000
General and administrative 228,761"

Total operating expenses 237,233
Loss from operations (200,067)
Interest expense (3,090)
Loss Before Income Taxes (203,157)
Income Taxes -
Net Loss $ (203,157)

[rmm243]

800 dollars is not alot of money, they do not need to dump or sell stock to come up with 800 dollars! besides all triple 0 stocks are triple 0 for a reason, difference is many of them let you know on what they are planning on doing to raise the stock price to create capital