quote:
So, can money be made on the illogical gap between FORW and Humbl? Should FORW really be trading for 62% higher, should TSNPD (Humbl) be trading for 62% lower, or somewhere in between?

So it’s looking like “somewhere in between” is the early leader in the clubhouse. Since my post FORW is up nearly 29% while TSNPD is down 4.7%. The net value of the Humbl warrants for FORW are $350MM as of yesterday’s close, but FORW is still “only” trading at a ~$300MM market cap. That’s still a 16% discount to the Humbl warrants alone.

Sharp clarified that the cost of the warrants, if exercised, is $25MM, or $.20/share.

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Posted by cadillacattack

the ATL

Member since May 2020

4548 posts

Posted on 3/12/21 at 7:38 am to slackster

Whoever suggested George Sharp would "end up in handcuffs" is very ill-informed. FORW is a value-added holding company only.

FORW's number warrants were reduced in the reverse split, just like the common shareholders. They went from 500 M to 125M warrants, and each warrant is now valued at $0.25/ppw. The owner of the warrants (FORW and 1 other unnamed party) can exchange each warrant for 1 common share of HMBL at any time prior to Dec 2022.

from the original PR in Dec:
"Boulder City, NV, Dec. 10, 2020 (GLOBE NEWSWIRE) -- George Sharp, President and CEO of Forwardly, Inc. (OTCMKT: FORW), announced today that the company has made a cash investment in Tesoro Enterprises, Inc. (OTCMKT: TSNP), soon to be renamed HUMBL, Inc., as one of two parties to purchase Tesoro warrants. These warrants enable Forwardly to purchase up to 500 million shares of Tesoro common stock within a period of two years. The agreement between Forwardly and Tesoro was entered into on November 23, 2020, and its closing was contingent on the completion of the merger between HUMBL and Tesoro Enterprises, Inc., which has now taken place."

This post was edited on 3/12/21 at 7:52 am

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