OMOLIVES
10 hours ago
It is almost completely incorrect ..as is.
The equity is correct @ 17.5%
The real estate value @ USD12.275 is correct
That is it...also...:
HUMBL intends to keep a portion of the HoldCo Units to maintain exposure to WSCG’s performance and the HUMBL assets purchased by WSCG. HUMBL will also offer to exchange some of the HoldCo Units to its debtholders and holders of Series C Preferred Stock as a way to eliminate debt
So the proposed holding percentage to Humbl is drastically lower after such.
Liquidation. In the event of any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary (“Liquidation Event”), before any distribution or payment shall be made to the holders of the Series C Preferred Stock, and after the distribution or payment to the Series A Preferred Stock and Series B Preferred Stock, in accordance with their respective terms, the holders of the Series C Preferred Stock shall be entitled to receive an amount per share equal to the sum of the initial issuance price applicable to such Series C Preferred Stock for each outstanding share of Series C Preferred Stock plus any declared but unpaid dividends on such share. The initial issuance price shall mean $1,000 per share (as adjusted for stock splits, stock dividends, recapitalizations, and similar transactions). If upon, any Liquidation Event, the assets of the Company shall be insufficient to make payment in full to the holders of the Series C Preferred Stock of the applicable Liquidation Preference, then such assets shall be distributed among the holders of the Series C Preferred Stock at the time outstanding, ratably in proportion to the full preferential amounts to which they would otherwise be entitled.
In the period October 24, 2023 through December 31, 2023, the Company issued 12,280 shares of Series C Preferred Stock for cash, exchange of debt and exchange of warrants.
During the three months ended June 30, 2024, the Company issued 60 shares of Series C Preferred Stock in connection with financing activities.
As of September 30, 2024, there are 12,350 shares of Series C Preferred Stock issued and outstanding..
last quarterly:
Series C Preferred, par value $0.00001, 12,350 and 12,280 shares issued and outstanding, respectively
!!!!!!!!! That equates to USD12,350,000 Million - which ironically is the current real estate asset value(not really ironic). So the debtors will get all of that plus any extra folded into it. Get it. :)
What some of these people are saying is just fabricated nonsense. If you are willing to play this...ignore them and play the bullshit news when it comes. Play it for what it is...garbage. You can make money of garbage...just don't pitch garbage..
NoMoDo
11 hours ago
I really don't believe that at all.I know you claim that the merger news will cause the SP to rise organically, but the news is now two weeks old and the SP continues to go down from $.49 to $.22 SMX is about to get fertilizer, real estate, and other assets. It will be working with HMBL, Ybyra, and WSCG to combine their strengths. They will have til June of 2025 to get their share price above a buck. The difference after the deal is done, is that two of these companies have money and have already said that they will add assets as needed.
NoMoDo
11 hours ago
I didn't neglect it. They clearly said that they were going to recalibrate their shares before they collect the remaining $16 mil. Even if that means RS - which it most likely doesn't, or even if it does, it will be at a minimum before doing a share exchange. If they are sitting at .30 a share - for example, then that $16mil will cost HMBL 50mil shares - not billions.
If you read everything that these companies have written, you will see "at least $45mil," and "Ybyra intends to move additional assets onto the HUMBL, Inc. (FinCapital) balance sheet and begin operating the public company immediately," you will start to see that their goal is to get the stock price up, and in turn become very rich themselves. Further, WSCG will benefit HMBL through their patents and real estate.