NoMoDo
1時間前
No disrespect, but what are you talking about? With all due respect, the market's wrong?When did I say the market is wrong in that post? The market is reacting to shares being converted. We don't know if it is in fact preferred C shares, if it is preferred B shares, warrants, or debt. I am very confident that it is preferred C shares, but only because I have spent a lot of time studying what Foote said publicly and what happened over the following 3 months or so. I have a really good feeling about how he operates. BUT the market has no clue because the company has not announced or even hinted at what is happening. Further, there is 37bil share OS. A few years ago, that would have kept me away. In fact, I originally bought more than a few shares and flipped them pretty quickly because I knew there would be hype and then 4bil shares. I didn't give HMBL a second thought for about a month.
If you are now asking if I think the market is wrong, I would say that I got a lot of money in this stock. A pretty sick amount considering it is an otc stock. I believe that something will happen. I am also prepared to lose everything if I am wrong - because that is what a good investor does. Never bet lunch money. I will say that it is less about getting the market wrong than so so so much debt converted, so much warrants, so many preferred B shares - absurd amount over the years, and now I believe the remaining one - preferred C shares. I think someone dumped after the stock rose to .004. I think market makers might be working the volume as well, but not a substantial amount. Once the preferred shares are gone, I believe the company will move ahead with the deal. Then I believe we will see upward movement.
What makes you think they are not? Imagine another $1-3mil in preferred C shares to go. Would you be buying up shares at the ask? Maybe at the bid tho. Someone has been buying at the bid for quite some time. If shares are a bargain here, why aren't insiders buying them up bigly?
I used to believe that companies had to report at 5%. I then watched pphm - now cdmo get bought out. A company called Ronnin reported 15% ownership and the stock went from a quarter to .75 in a day. I believe there are at least 4 companies that will have a major part in HMBL. Maybe 5. We will likely know if I am right within 21 days.
I am that experienced trader. I can't speak for anyone else. Who's right: a handful of ihubbers, or the 1000s of experienced traders looking at $HMBL's filings & tweets & thinking, "naaahhhh..."
price_and_volume
8時間前
With all due respect, the market's wrong?
Sure, the market often gets things wrong - I trade options based on that belief.
But did the market get things wrong 3-5 Dec '24, or has it gotten things wrong consistently since then?
If shares are a bargain here, why aren't insiders buying them up bigly?
Why no filings on insider-purchases?
I see one Form-13 (5% filer) last year, but that figure is well below 5% now w/ the increased O/S.
Not being snarky, honest question:
Who's right: a handful of ihubbers, or the 1000s of experienced traders looking at $HMBL's filings & tweets & thinking, "naaahhhh..."
NoMoDo
9時間前
I never said that. Never implied that. Never thought that.
What I do know, and you cannot comprehend, is that this stock HAD a ton of debt. $58mil. They eliminated that debt in record time. As the cost of debt is huge during inflationary times, this is the one thing that kept HMBL in business. They also had Preferred B shares and Preferred C shares. Those are considered equity, so they don't need to be paid back. That is a good thing. The bad part is that many of the preferred b holders wanted out quickly. There was at one time - a ton. Now, not so many. Whew. But the damage to the share structure was very big. Past tense. If you have an iq over 70, you can look at all the share structure and value the company as if the preferred was actually converted to common. You can make assumptions like, "Foote probably isn't dumping his preferred shares," but that is only a reasonable assumption - in other words, he still may. I doubt it, but I am not an idiot - he could.
The preferred C shares are held by toxic lenders as well as actual investors. Some obviously want out in a big way. Don't for a second think that the damage is only done when they convert. It was done a long time ago. Some would suggest that the smart money already priced the ill effects of the debt, preferred b and the preferred c shares. That is evidenced by the price going from .0003 at 4 bil OS to .0003 at 37bil - or whatever it is now. If the company had no real value, we should have seen grey market with .000001 pricetag.
Now please grasp this concept so you don't attribute nonsense to my posts... Once the company removes all the C shares and the B's that want to be gone, the stock has a real chance of moving up exponentially. Nobody and I mean nobody wants the commons or preferred to be where they are. But to think that when someone converts the last C share and it ends up as common on the OS, that it is somehow worse for the company. It is as bad as taking a dime and exchanging it to 10 pennies. Looks really bad for penny counters, but it is the same crap it was yesterday.
Now, lets address one more thing. If this stock had 500mil OS, the stock could be sitting at .30 right now. If it had 500mil OS, the deal would have already happened, so it could be substantially more. The company will need to address the share structure. There has been hints from current and former management that they will do what they can to not RS. Also hints from Jacob from Pacific Lion. They can pull that off. Being on the OTC, avoiding an RS will help in that OTC players are idiots - a legal term btw. a RS just readjusts the share structure without changing the value of one's holdings. Unfortunately, in the OTC, it often means that the door is opened for more dilution and the price drops fast. Here, I really believe that won't happen. RS maybe, dilution - definitely not.
What is more likely is that someone is buying very cheap shares at the bid while debt was sold and while preferred shares ARE being sold. It is a cheaper alternative than buying these guys out and definitely cheaper than completing the deal and then dealing with the preferred shares. AT that point, they can convert those shares to preferred as insiders not wanting to sell.
Hope that helps.
NoMoDo
13時間前
Wow, up another 25% and it is only 10am.
PPHM, I don't think you have a clue. ALL of the preferred C's must go, the debt must be gone. If they remain, the value of any positive outcome can be stifled severely as there would be conversion into any positive news.
For a company in this position, you get rid of the baggage and then complete the deal. Ignorant posters who lost their lunch money come here to shit on investors as if that makes them feel better about being so stupid.
Those who have stuck around for over a year - we don't care if there is selling. The dilution already happened when it went on the books as debt, as warrants, and as preferred c (which is an equity position but mostly held by groups that tend to never hold a position long term). We gotta be close. I say rip the bandaid off quickly. Have a dumpathon, and then start reporting positive results.
Oh yea... lol