HUMBL Inc (PK) (HMBL) News

Typo. 1st patent accepted
2nd one “COMPREHENSIVE BUYING, SELLING, TRADING, TRACKING, VERIFICATION, VALIDATION, TOKENIZATION AND FINANCIAL SERVICES USING BLOCKCHAIN”

Still waiting approval;)-

Humbl 2nd patent “patent US2021-0209684 A1”, “SYSTEM AND METHOD FOR TRANSFERRING CURRENCY USING BLOCKCHAIN" has now been “allowed” and accepted. ;)

This has a 3 billion bid?? This has been one of the most baffling stocks I've ever studied!! How??

Yes, very untrue!! Lol!!

But I read here that they will have no debt and will be doing just fine! Is that untrue?

Authorized shares typically mean nothing until issued near breaching such. I'm pretty sure all jurisdictions have perpetual shares along with perpetual existence. In this case, the authorized mean little given no shareholder approval and Foote being in total control.

They are limited to 22.5 Billion in authorized by Company statute currently. Upon closure and in a couple of Weeks...it will then be 50 Billion via Company statute. This process can repeat perpetually given the jurisdiction.

His current problem is that their is way too much debt left to consolidate shares currently. Also, he can not raise any money given the share price, outstanding..and ongoing dilution.

No shit Shirl. It also means that he can lower it any time he wants too. It is arbitrary and means nothing - except for the two contracts that demand that the AS be a high multiple of the number of shares expected to be converted.

A/S will be 50B on October 1, 2024

Notice of Action by Written Consent of Stockholders to be Effective October 1, 2024

Dear Stockholder:

HUMBL, Inc., a Delaware corporation (the “Company”), hereby notifies our stockholders of record on August 29, 2024 that the stockholders holding a majority of the voting power of the Company have approved, by written consent in lieu of a special meeting on August 29, 2024 the following proposal:

To amend our Certificate of Incorporation to increase our authorized shares of common stock, $.00001 par value, from 22,500,000,000 to 50,000,000,000.

This Information Statement is first being sent to our stockholders of record as of the close of business on August 29, 2024. The action contemplated herein will not be effective until October 1, 2024, a date which is at least 20 days after the date on which this Information Statement is first sent to our stockholders of record. You are urged to read the Information Statement in its entirety for a description of the action taken by the majority stockholders of the Company.

Foote has voting control of the stock. He could raise it pretty much anytime he wants.

…it’s called “written consent of shareholders representing a majority of votes in lieu of a shareholder meeting.”

This is pretty basic stuff.

The 50 billion limit is effectively meaningless.

The OTC isn't dead, you just need more money to play effectively.

Are you serious? How can that be? When Foote changed it to 50bil, I thought the world ended. It was such a big deal here. Now you are telling me that authorized shares is arbitrary and means nothing? Foote can change it [the AS] anytime he wants

Remember when Foote stated that he intended to get rid of debt through conversion? Remember when you posted every increase to the OS and acted as if Foote pulled the rug out from his shareholders even though he told us in advance what he was doing. Good times.

Now that the company is almost out of debt, I wouldn't be surprised to see the bid go from .0001 to .0002. Or even .001. Then the critics can once again cheer every time it dips back down from .001 to "trips" like they used to. More good times.

That rule change and day traders put the finishing touches on otc nothing left

“50 bil shares is not unlimited.“

It might as well be. Besides Foote can change it anytime he wants, he has voting control.

50 bil shares is not unlimited. With a 100 to 1 RS once the company is able to pay it's monthly costs, the total OS will be substantially less than 500mil. If you own less than $200 worth, be worried. If not... who cares?

no bid coming...no choice for the crooks

There's unlimited shares possible, there is no governance there.

Good Riddance.

Yep, HMBL too. That is why I have green positions packed & waiting in Crypro. I'll wait out the storm & pick some good upcoming stuff later after the Crypto wave up & down soom.

But you are still doing it! I see

Clarify please.

Your response was much better than mine. I should not engage with the ignorant that only spew negative most of the time nonfactual sediments simply to stir the pot.

That is factually, not true as usual by the way, the fact is they gave conditions and one of the conditions dealt with lawsuit.

Someone has been allowing 50 billion AS!! To me that's just as bad!!

Otc is decimated.

FINRA denied HMBL
Nice allowance but ticker is decimated

Certainly appears that way.

6:09
?
3. HUMBL Financial - Now an Avrio Co., HUMBL
Financial was built to deliver products and services for the blockchain-tokenized trading markets.
HUMBL
HUMBL Wallet
HUMBL.com
HUMBL Financial
An Avno worldwide co
HUMBL
HUMBL's core product lines can also be integrated or white-labeled ("Powered by HUMBL") by commercial partners in areas like consumer brands, online marketplaces, ticketing and government.
Company Progress
1. Patent Updates: The most significant news since our last update is that the company received a "Notice of Allowance" on 8/26/24 of its patent filing: USPTO:
"System and Method for Transferring Currency Using Blockchain." Bibliographic Data - Application - Patent Center - USPTO
2. Awaiting FDC Issuance: The patent is currently at the FDC for issuing. Once we receive the final copy in the coming weeks, we will release a broader announcement and game plan to the public narkets. Transactions - Application - Patent Center -
Post a reply

Damn, that’s an update. Financial is baaack!!

https://app.humbl.pro/p/dear-humbl-shareholders-jez2hmsr8lq

But they will have a huge revenue stream and pull in billions! LOL

So you think HMBL can still RS?

Alrighty then…

Even if they did all it means is that Foote can continue to dilute even more…and $0.0001 is no longer the bottom.

LOL.

Not sure how you look at this.

Most would be happy to know they can’t RS.

Moment of weakness. I saw the ignorance oozing and for a brief second I wanted to engage. After I hit reply I thought better. I obviously knew your thinking and I knew it was wrong. You speculated without knowing the facts.

What you have to say isn't uncomfortable. You just failed to ever say anything of value. Just keep talking to Surf and I won't see it.

Then why did you respond? LOL. And responding to yourself when communicating with me is pretty weak assed. LOL.

You think I am not going to see it?

I realize what I say is uncomfortable for you…but that is because I only care about reality and facts.

I just don't really care what you have to say. Notice my response of what you would say happened before you said it. I was right on the money. So predictable.

Of course he withdrew the application. FINRA wouldn’t process it. They DON’T sit on those for 3 months.

Why do you fall for this nonsense from Foote?

And yes…engaging with me can be frustrating because reality can be a buzz kill.

Simple. They filed a Dec14c for an RS on 11/15/22. Nothing happened. FINRA processes them normally within 20 days at most.

In Feb/23 they announced they cancelled the RS.

Which ONLY means FINRA would not process it as whatever questions they had Foote could not satisfactorily answer.

There will be no RS…and as long as Foote needs cash this will end up at no bid.

Since I really shouldn't have engaged with you, I will answer my own question:

You: HMBL withdrew its last RS. That must mean that FINRA wouldn't process an RS.

Not true. Someone who had Foote's ear threatened to make waves if they did a RS while having so much convertible debt. Had they done a RS last year, they would have cut the value of every stockholder's position by over 90% and then the stock would still be sitting at about the same value. The only ones who would have benefited would have been the lenders. Instead, debt needed to be eliminated or virtually eliminated before a RS so shareholders can retain as much value as possible.

:But, but a RS will wipe us out.:

At this point, the stock is sitting at .0002. Down from .0003 when the shell was bought. Down from $1.40ish high before the "gentle" RS. The wipe-out already happened.

By waiting until after debt is removed, the RS will be simply a cutting of the pie into different pieces as long as they have income to pay their fixed costs at minimum. I expect a 100 to 1 RS eventually. I am ok with that as long as it is done after debt is eliminated and an income stream that is expected to pay the expenses.

You: NO, FINRA didn't process, so they had to pull the RS.

San Diego, California, Feb. 22, 2023 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTCQB: HMBL) announced today that the Company has decided to cancel its application for a 1:10 reverse split of its common stock with FINRA. The Company withdrew the FINRA application in light of reassessing its strategic plans for a future uplist to a major stock exchange and may reapply later this year should it be necessary to do so.

“We are starting off 2023 with a detailed review of our business and making strong moves accordingly. On February 10th, HUMBL launched the first mobile wallet with digital assets, a search engine and verified social media profiles in one application. Further, HUMBL is in the process of aggressively settling legacy debt and recapitalizing the Company with the goal of less dilutive financing,” said Brian Foote, CEO of HUMBL. “We also revisited the purpose of the reverse split and believe it is neither aligned with our current objectives, nor particularly beneficial for our retail shareholders at this juncture.”

How did you come up with that?

That is a great update. Thank you.

There will be no RS. FINRA has already shown it will not process one. This can only end as no bid.

Nothing burger 

So what does the patent do for the HMBL bottom line? Who even uses the HMBL platform?

All bears and bulls need to read this link about Patent Update from BF.

https://app.humbl.pro/p/dear-humbl-shareholders-jez2hmsr8lq

A debt free company with no business. Wonderful plan! LOL

Foote needs to dump all rest of 25B shares and make this debt free. After that let’s see how this works out with or without RS.
Foote messed everything

Just yesterday it was trading at the same price. Sharp's involvement way back in 2020 got the price up from .0003 to about $1.40. Foote did some "CEO" stuff and caused it to crash. Foote got schooled, but I think he is figuring things out. Or so I hope. We should find out soon enough.

It seems like just yesterday HMBL was trading at $.80, the George Sharp got involved…….

25B more shares need to make this ticker debt free.
No bid is fact here.
Next 6 months nothing much coming but only shares to hit the market.

almost 16 mill

am looking at 100x my investment

I think we will be looking at 100 to 1 RS. That will be big and painful to anyone who owns less than 10mil absolute minimum. Since 10mil is currently $2000, anyone that owns less than 10mil shares might be better off dumping their share now. I think that those who own 100mil or more will do very well within 3 months of the debt being paid AND the RS that will be coming. I am looking at 100x my investment, but realistically, I could end up with nothing at all. Playing startups is very risky, but the payoff can be huge. I have done this a lot of times and have made a bit of money on a few of em. Enough to to be up substantially even though most became worthless. Good luck.