HUMBL Inc (PK) (HMBL) Quote

BULLSHIT!

I don't disagree... my pt when i first bought in was/is $0.05. I believe Q2 2025 around March-May we start seeing movement in the right direction. Any good PR between now and then as you mentioned could send this to crazy highs. I've been loading and holding. Will continue to accumulate and hold. Appreciate the feedback and continued DD you provide here. Best of luck to you!

No they aren't. Professional fees are lawyers and accounting. Do you have any idea what it costs to prepare and file quarterlies? Audited 10k's are substantially more - even for a company that does no business. G&A is a catchall for businesses:
General and administrative expenses for the nine months ended September 30, 2024 were $830,949 compared with $1,657,391 for the nine months ended September 30, 2023. The decrease in general and administrative expenses of $826,442 is related to the following approximate reductions in salaries and wages, advertising, business development expenses, insurance, rent, and security.
If Foote took money out of this, the auditors would not certify. Sure, he can take a vacation to Las Vegas, talk to the mayor about using their product and call it a business expense, but he ain't taking cash and calling it G&A. He can't even take a paycheck without it being reported as officer's pay with his name attached.

Your suggestion that he is taking money makes me doubt that you ever ran a lemonade stand. let alone worked for a large corporation.

If we assume we don't get some sort of deal or contract beforehand, I expect to see a bare minimum of .03 by March 30. This is based on almost being debt free, increased merchandise sales, and some sort of income from Ayrio.

I am guessing that we are finishing up the conversion of the debt due in December. There is no debt coming due in January and roughly $85k due in February. That should theoretically start moving the stock price up substantially. I will be disappointed if we don't get an update on something before the10k tho.

Keep in mind that there is someone who is sitting at the bid with over 2 billion shares. It isn't a ton of money ($500k - bout 10% of the market cap), but it completely neutered the toxic debt and any chance of shorting to allow for the lenders to get double the number of shares in the converting of debt. Most old deals were 70-80% of the lowest share price in figuring out how many shares they got for their debt. Then there is someone who bought 4 billion shares in a month and a half - Oct 1-Nov 19th. The buying didn't stop, but slowed down considerably as soon as the Q was reported.

Buying this week is about 50-80mil shares a a day - not including any sales that happen at the bid. I think that trend of lower buying will continue until the end of the month and then a rise in buying and price. If we are looking at 500mil shares to be converted between now and the end of February, that is about 8mil shares a day. Practically nothing considering 50mil shares at the ask daily.

If you are asking what the potential of the stock is, it all comes down to whether they can sell their product. Bigger money is in gov contracts, currency transfers, and then maybe sports team ticketing. Despite the crap read on this board, HMBL now has experience in gov wallets and ticketing. Foote mentioned that there was some good prospects, but nothing to report until he gets a deal signed. I don't expect any deals to happen until after Jan 1 - if ever. If they do happen, any of those could bring this stock to crazy highs.

I am also guessing they have some sort of proprietary solution to social media identity verification, but it could all be tech from other companies. If they do have something of value in that market, licensing could be big as well - though I think radicals are forcing social media to consider doxing, harassment and even government influence as factors moving away from identification of posters. There is also potential in manipulation free election voting and stock exchanges - both likely years out but winner of that kind of tech will be bigger than apple.

We are on the same page as far as potential here. History can repeat itself in the OTC. Just curious what is your realistic pt here? If you don't mind me asking?

Foote and family are cleaning up here!

Professional fees 1,297,174
General and administrative expenses 4,380,751

Plus the class B.

Did he really? Foote hasn't yet benefited. Grado did. So did the former VP of marketing. Haha, he’s a very bright guy but sure did bend the shareholders over to benefit himself..I sold all but $500k worth. I knew that the company was not yet ready for prime time. I held onto a small position because I know the potential of this company. I figured it was going to almost zero on its journey, but wasn't willing to take a chance of missing out. I put a lot back in - generally in the range of .0002 to .0009. My average is now .0004 and I am thrilled to own as many shares as I own. You all have no idea how much I have. I truly believe this will be a stock that people will tell their grand children about. If it goes the other way, I still have made millions. Hard to complain.

.00000001

Haha, he’s a very bright guy but sure did bend the shareholders over to benefit himself.. I did very well on the TSNP run up in ‘20-‘21, but didn’t sell all of it in the $5’s when it started dropping after the split. Regret that of course.
The stock is down 99.9% in these 4 years.
I meant preferred shares were issued back then btw, not converted..

2 times? Man, where is counting skills at? Foote never left the foot off our Arse… You would run out of toes of how many times Foote screwed shareholders down. He has been stabbing a knife on people while giving you a smile. He is a sadistic MF. Losing my panties in here

That is a pile of pumping horse shit. Foote must have visited Sharp's stables. Do the math on what he owns and the conversion rates.

The 7,000,000 shares were issued to a former officer of the Company and assigned to the new CEO at the time of the reverse merger of HUMBL.

Voting Rights. Holders of Series A Preferred Stock are entitled to vote on all matters, together with the holders of common stock, and have the equivalent of one thousand (1,000) votes for every share of Series A Preferred Stock held.

Series D Preferred Stock

On July 16, 2024, the Company designated a new Series D Preferred Stock and authorized the issuance of up to 250,000 shares of this new series. The Series D Preferred Stock is not convertible into common stock and each share issued enables the holder to vote at a ratio of 500,000 common votes for 1 share of Series D Preferred Stock. Also on July 16, 2024, the Company issued 100,000 shares of Series D Preferred Stock to their CEO for compensation. The value of these shares is $250,000 as this value represents typical CEO compensation for a one-year period.

6 weeks before the Patent was "publicly" announced approved BF increased the SS to defend against takeover.....

Get it Big Boy!!!
2,600 shares sold at the bid so far today...

Some is going to have to put up $158k to take out the .0003's for that to happen!!
That's if they don't restock it with more .0003's 

.0004 today? It just might be the day.
$HMBL

Grow up? This has always been a wild west pinky stock,... You see how well that R/S worked out eh? From the $6 range to 0003? Great job by Foote and Sharp who were in complete control when they exercised that split and in fact Sharp said he did the split to “kill the shorts” .. too funny. And how about those 23B O/S and 50B A/S now..
Good luck, you’ll need it.

Grow up. A RS is just a splitting of a pie into a different size pie. You know that neither Sharp or Foote sold any shares because if they did, it would have been reported. Marc Grado was one of the founders of Blockchain and was paid handsomely in preferred shares of HMBL for control of the the tech. He was the main dumper of shares. Not in Foote's control. He had to pay Grado. Grado screwed shareholders.

Wouldn't it be funny if Grado was the guy who was buying shares now?

I’m referring to the shareholders being blindsided by the 1:4 R/S in ‘21 when it went from TSNP to HMBL. ..and Foote and Sharp cashed in diluting it all the way back down to sub penny. They destroyed this company and ticker, no one else to blame. The share structure actually means everything here because I don’t see how they can continue without doing a R/S.
23B o/s means nothing?? Ooooook.

No. Grado screwed shareholders.

When the stock dropped to .0006, we saw buying for about a month. Then the stock jumped to .0031 for a few days. That was a very nice jump. The "bloated share structure" means nothing. If they get their debt to zero and can show even break even, the stock will be pennies. This is the OTC. If they can actually get a nice contract. We will be off to the races.

Didn’t Foote screw shareholders twice though? First with Sharp and himself doing the first R/S and then with the conversation to Preferred shares? And now with this bloated share structure, what kind of crazy volume will it take to move this lead ball?

I been slapping the ask at $.0003 for over the month. Although I got a couple times my limit order actually went thru at $.00025. Still even at $.0003 is around a $5.5M Marketcap. Thats nothing for a stock like Humbl which has so much potential.

Nice write up about HUMBL. I feel the same way and have been buying weekly down here at these prices. My theory is that with the new administration coming into office in January we will see this whole sector change and change rapidly with deregulation and policy shifts. I been saying on other forums that I believe there will be a ton of money coming into the blockchain sector over the coming months and years. Humbl will benefit vastly from this inflow IMO. We also have yet to get a formal update on patent and how they plan to use it. Also I would anticipate the buy crypto features to come back into the wallet soon and give them a little revenue boost off the transaction fee. It's been a tough 4 years but I still believe this ship can get turned around and the comeback will be one for the ages. Let's see what happens. So many retail have given up on this one because they lost so much money but that's how the game works typically.

I'm glad you asked what has been happening here. The company ran up about $60mil in debt trying to get it's software to market. About 2 years ago they decided to eliminate their debt. That means convert to equity - dilution. They converted about $58mil of their debt to stock in a very short timeframe. The stock should have went to no bid at all with such a dump AND considering much of the debt was toxic. It didn't. Seems someone is buying up the shares at lower prices. In fact it stayed above .0006 through about 12bil shares. That was crazy.

We eventually saw .0001 for a while as debt was being converted. Then someone put over a billion shares on the bid at .0001. There was a move to take out the ask at .0002 and the ask moved up to .0003. Whoever was sitting on the bid, moved up to .0002 with well over 2 billion shares. That is $400k sitting on the bid (yesterday we saw $450k on the bid). That screws with the lenders who try to short the stock down and then get to convert more shares.

So who is buying up these shares? That is the question. A company called Pacific Lion agreed to provide outside the box financial help to OTC companies that were innovative - specifically HMBL. HMBL's CEO, Brian Foote sued PL for breach, but they came to an out of court settlement. Now the Q just came out and Foote claims that PL has yet to do what he promised, but the wording doesn't exclude PL from being the buyer. Foote also stated that he found someone else to help HMBL. My guess is that we find out who very soon. I was always under the assumption that once a buyer reaches 5% of the shares, they must report ownership. BRU company did that a week ago announcing 5.7% ownership - but those shares most likely were a direct transfer from HMBL..

There is a company that was once called PPHM. They had another company buy up shares in a very similar fashion as here. I recognize the pattern as if it were deja vu. They didn't report until after they got to 15%. Not sure how they managed that. If the buyer must report at 5%, I think we will know about it before the end of the year - very surprised it didn't already happen months ago. Even if they can somehow wait to report at 15%, I gotta believe it is coming very soon.

BTW, Foote set aside 10bil shares at the same time he increased the authorized shares as a contingency to thwart a takeover. Rightly so, he has put a lot of time and effort into this company and wants to keep it. His move makes me believe that he is orchestrating the buys and doesn't fully trust the buyer. MIght be a buyback, might be an angel investor, might be an acquisition. Whatever the deal is, someone is buying and they are using real money.

The stock market as a whole is corrupt. Manipulated by larger players regularly. What I know for sure is that when large players show their moves, the trend is your friend. I am moving with them in a pretty big way. $400k on the bid is a pretty big move while about 150mil shares were bought almost daily at the ask. Not all one player, but someone pretty big is leading the way.

Problems with this plan? The Q had $2mil in debt still on the table. They also reported $800k worth of stock converted in subsequent events - that puts us at $1.2mil give or take. $1.2 mil equates to a ton of shares remaining, but really nothing compared to what has been converted. I hope to see them try to do a run up soon to take out the remaining balance at a higher share price - less shares to convert.

That is my theory. Hope I am right. I am.

Can’t believe this dog is still alive. I was in the epic TSNP run a lifetime ago, and the epic fall of Hmbl. With 23B OS, there must be a r/s on the table. And 50B AS? .. what a mess.

Ok, thanks for the info. 

New here, right? 2 bil shares at the bid meant to keep the convertible lenders from shorting the stock to .0001 so they could double the shares they get. Everyone here has heard drive by posters claim the stock is going to no bid any day now. We have heard it for 2 years. Instead, no such luck. If you want to buy shares of HMBL, you gotta pay the ask price only.

Good luck buying at the bid. I've had a bid at .0002 since the beginning of October and haven't gotten even 100 shares. There are over 2 bill shares on the bid right now and roughly 500mil on the ask. If you want shares, you gotta go to the ask.

It will fill just wait a bit, then try .0001

I had a 10 mil Limit Buy at .0002 all day today and it did not execute. I figured there were plenty of sellers.

Wow read this thread. The group letter to Gary Gensler is hilarious.
https://x.com/garygensler/status/1859658192298574096?s=46&t=FWyCU7KfIDokGToTtqinIg

And not 1 mention of Humbl in that story. Weird

I am thinking it is someone besides HMBL or PL. PL has yet to fulfill it's obligations. I have a feeling that HMBL knows who it is. They likely like the support in the stock price, but don't fully trust them - reason for the 10mil share insurance policy. I don't think anyone is spooked by the Q tho. I fully expected everything there except the remaining debt. I hoped for some forward looking statement or a contract, but didn't pin my continued buying on that.

Via his LinkedIn:

There you go: https://startupsd.org/startup-spotlight/alfonso-arana-socialtrader-ai/

“Over the years, I’ve refined my expertise as a cybersecurity engineer, diving deep into the intricacies of NIST 800-53a security controls. My work as a government contractor took me across various governmental agencies where I advised on securing multiple networks using the Risk Management Framework (RMF) process. 
Transitioning from a cybersecurity role, I co-founded BizSecure, a pioneering blockchain venture. Our primary focus was issuing verifiable credentials. At its core, BizSecure was designed as a digital wallet capable of securely storing various credentials – from vital records like birth and death certificates to other significant documents. 
This endeavor brought me into collaboration with some incredibly talented individuals, including lan Calderon, the former majority leader of the California State Assembly, and Dan Hom, whose insights and mentorship in local governance and strategic planning were invaluable.”

A pile of nonsense.
Brian took a one day seminar. The Aranas have government connections? Link.
And as for George Sharp, his history of lying and corporate failures is too comical. He has done squat for six years with his shells.


For instance, Brian holds an MIT blockchain certification and the Aranas have government connections due to their prior work in that sector. According to George Sharp, Humbl has been working with the SEC on blockchain-related matters + Humbl held a roundtable meeting with Coinbase and Square some time ago.

If we turn our hopium levels to the max, there's a possibility that now with their blockchain patent in hand they may have acted quickly to reach out to the appropriate teams to consult the blockchain/crypto department since Humbl is one of the few and one of the first SEC regulated companies in the blockchain field. 

For instance, Brian holds an MIT blockchain certification and the Aranas have government connections due to their prior work in that sector. According to George Sharp, Humbl has been working with the SEC on blockchain-related matters + Humbl held a roundtable meeting with Coinbase and Square some time ago.

If Humbl has managed to secure a deal with a county in California due to their ties with Ian Calderon, they might also be able to reach out to the right people to assist this new administration.


Once again, this is pure hopium, so take it with a grain of salt.

Gary Gensler (SEC Chairman) stepping down January 20th.

https://www.cnbc.com/2024/11/21/sec-chair-gensler-will-step-down-jan-20-making-way-for-trump-replacement.html

Could it be someone outside PL or Humbl who essentially went all in when the patent news was released and then panicked when the quarterly filings came out? I’m also trying to find a plausible reason for the sudden drying up in volume. 


It doesn’t make any sense, the fundamentals haven’t changed at all. If anything, things should be looking positive moving forward since the announcement of the patent approval.

I love the optimism. I truly hope for another run. I like the concept of the patent. I just wish some plans were revealed with it. If it were being worked on for so long, you'd think there was a plan in place for if/when it was approved?

Someone with an extra $800k may have been banking on a stellar Q from an otc company trading at .0003, but I really doubt the halt in buying had anything to do with what was reported. Whoever was buying likely knew everything that was to be reported. And why would HMBL give them an extra few days of buying?

The worst things about the Q was that it didn't announce any new contracts and HMBL was tight lipped about Avrio, BRU's decision to hold (and report) a 5% stake in HMBL, no news on the potential uses of the new patent, and that more debt wasn't converted. They also reported 4 bil in conversions as a subsequent event, but didn't discuss how that had an impact on debt as a subsequent event - which it obviously did.

Here is what I read:

Monthly burn rate went from $225/month to $204/month - cost savings of $21k/month or 10%. As borrowing goes down, they will save a ton more on interest and upfront fees - further lowering the burn rate.

Sales increased a decent percentage year over year (after you account for divestitures), but still nowhere near breaking even. I don't think anyone expected the company to break even or even have better numbers than what was reported.

I also liked reading about the patent's potential uses. One use in particular - stock exchanges. That seems like a ways off, but if they have tech that could control manipulation, it would be nice.

The only thing that I found disappointing was that the debt wasn't smaller. They blew through $50mil in a year. Another $10mil in months. Then we get to $2mil remaining - cut it down to $1.6 mil and then bring it back up to $2 mil again. On top of that, convert $800k worth (takes it off their books) and not announce that the debt dropped back down to $1.2mil as a subsequent event. Why?

Wouldn't that make sense only if the Q report was well received? I mean buy all the shares you can before the Q is reported, but doesn't seem like many were impressed with the report.

Maybe that touch of autism spectrum. I see patterns in things and when the pattern is strange, it makes me ask questions. This is definitely a strange pattern. I think it would be less obvious if 20 mil shares in 500k increments were to happen for a few more days. Maybe wind down a bit slower than what is happening. The weird part for me is that HMBL delayed the Q and it seemed to benefit someone who was buying. But why stop now? Anything that happened starting Oct 1 is still part of the 4th Q.

What are you thinking?

Buy: 1,655,749
Neutral: 8,674,628
Sell: 1,686,547

Look at this... buys and sells equal, but .00025's about 5 times the trades. When was the last time that happened?

You don't buy roughly $800k worth of OTC stock priced at .0003 unless you know there is imminent good news. There are easy plays everywhere in the market right now. Why all this buying of a stock that is worth .0003? Did HMBL delay filing the Q by a few days so that another 400 mil shares could get bought first? Sure seems like it. 200mil shares each day and almost all sold at the ask. Yesterday, 90mil shares traded. Very puzzling.

Why would the buying stop now? Anyone have an explanation? A guess? I bet Olives and TenKay know. Maybe I should take them off of ignore. Better still, if they decide to play, can someone let me know they posted?

Anyone have an opinion on trading yesterday and today? Seems for the entire last quarter there was a push to buy up shares at the ask. Pushed volume to over 200mil shares a day. From the Oct 1 to Nov 19th - the day before the Q came out, there were almost 4 billion shares converted - most likely sold at the ask. The Q reported them in the section listed "subsequent events," one of the first things I look at. See:

NOTE 22: SUBSEQUENT EVENTS
Between October 1, 2024 and November 19, 2024, the Company issued 3,871,314,285 shares of common stock in conversion of convertible notes payable and accrued interest; and 1,976,901,195 shares of common stock for services.SO... HERE IS THE QUESTION....Why did the volume get cut in half yesterday? Where is all the buying? Is the buying controlled by HMBL? Sure seems so. We got down to just under 400mil shares at the ask and now no buys and over 500mil shares at the ask. HMMM. Not sure what to think about this turn of events.

Yes, pretty much. Fairly easy to sell when the stock is moving up quickly. I never try to sell a really big block at once, because it can start a downward movement. I will also state publicly that I am a firm believer in "always be selling" philosophy. Find a target price now and if it goes above, sell 10%. Then when it hits other targets sell another 10% and another. It won't get you top dollar, but it can keep you from totally missing a short run up and a dump. For a stock that takes a few years to develop, I try to keep at least 30% for potential really big moves. I think this one qualifies for at least a 40% hold, but may change while watching trading.

You can sell in large chunks or all at once. Unless you're holding like a billion shares i wouldn't stress it. As a retail investor you can sell what you want when you want.

What the biggest d-bag move (and this is not in any retail investors control) is when they halt trading because a stock is on a crazy run. They prevent anyone from buying or selling. It's usually short lived from what i have seen but it can damper things and blunt a run.

CRUMBLE

if there was a run up - (newbie here) how do you sell a big chunk of shares at once? do you just sell at market? Sell in chunks?