familyof5
6 hours ago
"You’d have to show me that explanation".....here's just a few
NoMoDo Re: TenKay post# 126864
Sunday, December 15, 2024 7:40:11 PM
I don't believe you are correct here. Doesn't much matter in this particular instance because I doubt we have a short issue currently here.
I believe that WSCG made a conscious decision to get rid of the preferred B's (not including Foote and HIndshaw) worth 1.3 bil shares give or take, and preferred C's worth 1.2 bil shares give or take, and the 1.3 bil in warrants - 600mil of which are currently in the money. Of the B's and C's, they were likely offered partial ownership in WSCG. Those not willing to take it were likely allowed to convert their shares. Considering we grew our OS after debt was wiped out, the above are likely the culprits. Figure 4 bil shares out of about 4.4 added. If I am right, look for 3 or 4 days of roughly 150mil shares sold in blocks. It doesn't look like they will hurt the stock price, but it might mute any movement at all. A positive PR could blow through these shares or we can wait a few days.
NoMoDo Re: GrantHorvat1 post# 127246
Tuesday, December 17, 2024 6:47:57 PM
While I was out today, I gave a lot of thought to BRU. I really think that they are not selling, but I could be wrong. I also referred to them as toxic, which by strict definition they aren't. They do have a component of being toxic as I just explained in the last post, but more shares isn't always better.
I think the bigger players that had originally decided to take a longer stance on HMBL - ie. bought preferred C's that had a 2 year minimum OR at least until the company moved to a bigger exchange (NYSE or NASDAQ), I think those guys have been offered a sweetheart deal with WSCG to stick around instead of selling their shares.
When we got to our recent highs, I would imagine that people cashed in - from Preferred B and C's as well as some of the Warrants. We had roughly 4 billion added to the OS since then. Yea, that sucks, but... the goal is a pristine balance sheet as the first step. The 14c made note that they want to get rid of the B's, so they likely removed the former selling restriction of 1000 shares per month. Serves everyone's interest to get rid of them BEFORE putting out good news or we will go up, only for their benefit as they bring us back down. That sentiment goes for as many C's that don't want to take the WSCG ownership deal and for the warrants. BTW, I think Foote was very generous with the warrants. I am guessing that the lenders demanded it, but what a gift to some crappy people.
From trading for the last week, there definitely are shares out still. Market maker OTCN seemed to be the culprit all of this week. So someone was likely getting them to buy or sell shares in large blocks. I saw 50mil share trades both above and below the trading range this last week. My guess is obviously that someone is selling. My guess - and who knows how accurate this is - we could be done as early as tomorrow with the big blocks. I base this on the 4bil increase in OS and the 1.3bil in B's, 1.2bil in C's and 1.3bil in warrants. That should mean that they are running out of shares to sell.
There could potentially have been as much $250k or so in debt remaining, if the company borrowed after the Q. If so, maybe 800mil more shares. We know they were borrowing conventional loans with WSCG at the end, so I doubt it. Guess is that the selling should end very soon... look at Thursday being the first potentially no wall day in a bit. Potentially.
NoMoDo Re: OnTrack444 post# 127250
Tuesday, December 17, 2024 6:54:27 PM
My guess is that the warrants that are in the money are now being sold. The last 4 trading days, they put up blocks of $50mil (and a couple smaller amounts) after not letting us buy at the ask - yes, I tried to take one out and more than half were given to me with 5 digits - price between the ask and bid. Today, I can't say for sure than any trades went through outside the trading range in big blocks, but from what I saw, they just traded regular with a ton at the bid and a smaller ask that never got filled - constantly reloaded. Six of one, half a dozen of the other. Today's trading seems more frustrating to people, but the end result is similar.
Once they are done, I think we will have some very good days.
NoMoDo Re: pdmihopefull post# 127561
Thursday, December 19, 2024 10:48:15 AM
Maybe you are facing the wrong direction. The warrants were given to toxic lenders to sweeten the deal - as if it needed to be sweeter for them. Toxic lenders are not in the business of holding their stock to make a profit. They want to sell quickly. We had 600mil shares that were in the money and likely converted - which would have increased the OS - and likely did. Once they sell, then they won't be back here.
I recently (today), posted about how WSCG planned for preferred C holders. They are stock holders that are not included in the OS - gasp. They will need to be gone before the deal because if they are still out there, they could convert after the deal and dump... nobody wants that. So there likely was intense negotiations. They likely forced a conversion during the reverse merger. They then, according to the 8k, offered them "membership units" - ownership in WSCG. Some won't take the deal because they want cash now. Some likely will because it was likely a very nice deal.
Finally, there are preferred B shares. Foote and Hindshaw already traded theirs for door number 2 - WSCG ownership, a nice seat on the board, and Foote gets to be CEO. That is the majority of the B shares. The remaining 1.2 bil shares worth were likely also offered WSCG membership, but some people - even former vice presidents who were selling while holding the position, they will likey (or already have) dump.
Everyone should have expected the OS to rise - except Olives, who is totally caught off guard - because they just got rid of the debt and now are in the final stages of getting rid of big players that could hurt the big move up. I would guess that we are almost there. Act 2 scene 5.
BTW, I am waiting patiently to see how trading goes, but I am waiting to take out the ask. Question is, will it be .0009, .0010, or .0011? Hope it is .0009.
NoMoDo Re: familyof5 post# 127598
Thursday, December 19, 2024 11:30:17 AM
No, warrants will likely be sold pretty quickly - like now because they were held by lenders. The preferred C holders would be in negotiations and could involve lawyers looking for a better deal. If they don't make a deal, the company could force a conversion. They could threaten a RS, they could negotiate. B's could hold, but some of them tried to sell quickly.