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re: When will Tsnp crash??

Posted on 2/25/21 at 7:28 am to
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1835 posts
Posted on 2/25/21 at 7:28 am to
quote:

He booted me from Discord for what I asked on TigerDroppings. He’s soft as Charmin.


Maybe Slackster has the pull to get AT banned from TD? Until then , your Huckleberry will be right here fella. ..... yup....Stacking Stacks.
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/25/21 at 7:33 am to
quote:

Maybe Slackster has the pull to get AT banned from TD?


Why would I want to do that? I’m not afraid of someone with a differing opinion.
Posted by castorinho
13623 posts
Member since Nov 2010
85836 posts
Posted on 2/25/21 at 7:37 am to
quote:

Why would Slackster want to do that? Slackster is not afraid of someone with a differing opinion.
FIFY
Posted by Johnpettigrew
Louisiana
Member since Sep 2017
1744 posts
Posted on 2/25/21 at 8:06 am to
quote:

A few thoughts. Reputation wise, a reverse merger into effectively an OTC shell sentiment wise is on the low end of the spectrum. As I noted, you and I can buy an OTC shell for as low as $50K if we wanted to.

Two - the vast vast majority of SPACS do not take control of the Company. In the old days, yeah more SPACS took controlling stake, now is it 95% the other way. SPACS are like a private equity investment of 5-40% of the Company.

Three - Where the logic is challenged is that in this 'reverse merger', if we believe their press release, they only acquired the common shares of the guy who passed. Thus, 80% of TSNP common equity stayed with outside parties... so they effectively gave away 80% of common equity for the privilege of listing on the OTC? Yes, per the press release, the HUMBL folks were issued preferred to take control - but we do not know the terms of the preferred because they have not filed the agreement (in violation of OTC rules by the way). We don't have the agreement; we don't know the terms; we don't know the financials; hell in terms of the basic warrants to FWDLY there are four different assertions to the terms depending on what press release or tweet you believe.

So how I frame the question for the bulls is this. If Humble is worth several billion dollars, why did they give away 80% of common equity (which has a market cap in the billions based off current trading), to merger with an OTC shell. What possibly could be a rationale reason for that? I am sorry, but I am perplexed to see what a rationale reason could be.

And I am perplexed to be honest how passionately people defend a deal that they have not seen one source piece of information on. No deal, no financials, no patents, no agreements, no equity structure, no transparency... nothing. Yet people have raging passion. It is a little disturbing IMO.

That being said, I hope to be wrong and I hope you guys rock it


Now this is how you frame one's opposing point of view. I absolutely see your point. I guesss I am not as concerned since I do not have a huge stake in it. I like the stock and am excited about the potential, but it is a single digit percentage of my investment. I also think whether you own 100 or 1,000,000 shares, it's just fun to see it grow by 2800%. Hell I have an old IRA account with a guaranteed 4% for the last 20 years. It makes money, but damn it is boring.
Posted by UnluckyTiger
Member since Sep 2003
41037 posts
Posted on 2/25/21 at 8:45 am to
It’s BACK! LFGO
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 2/25/21 at 11:22 am to
Great opening and still up but getting dragged like everything else because of GME
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/25/21 at 1:39 pm to
Umm, what happened?

Did someone just dump a shite ton of shares?
Posted by GeneralLee
Member since Aug 2004
13945 posts
Posted on 2/25/21 at 1:40 pm to
mass confusion on new ticker/potential of 1:4 reverse split.
This post was edited on 2/25/21 at 1:41 pm
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/25/21 at 1:42 pm to
quote:

potential of 1:4 reverse split.


I’ll take things multi billion dollar companies never do for $100, Alex.
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 2/25/21 at 1:53 pm to
Wait, it’s a multi billion dollar company?
Posted by GREENHEAD22
Member since Nov 2009
20483 posts
Posted on 2/25/21 at 1:54 pm to
He is taking a jab at AT.
Posted by Huey Lewis
BR
Member since Oct 2013
5048 posts
Posted on 2/25/21 at 1:57 pm to
quote:

I’ll take things multi billion dollar companies never do for $100, Alex.


I'll take...something a tech startup would probably want to do after merging with an OTC shell in order to qualify for being listed on NASDAQ
This post was edited on 2/25/21 at 2:09 pm
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7704 posts
Posted on 2/25/21 at 1:57 pm to
Market cap is 4.5b right now.
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/25/21 at 1:57 pm to
quote:

Wait, it’s a multi billion dollar company?


$4.3B market cap at these prices.
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/25/21 at 1:59 pm to
quote:

I'll take...something tech startup would probably want to do after merging with an OTC shell in order to qualify for being listed on NASDAQ



Ahh, you’re right, multi billion dollar companies reverse merge into OTC shells all the time. Totally reasonable thing to do. Gotcha.
Posted by MrJimBeam
Member since Apr 2009
12947 posts
Posted on 2/25/21 at 2:00 pm to
quote:

Ahh, you’re right, multi billion dollar companies reverse merge into OTC shells all the time. Totally reasonable thing to do. Gotcha.


#truthbomb here
Posted by Huey Lewis
BR
Member since Oct 2013
5048 posts
Posted on 2/25/21 at 2:08 pm to
quote:

Ahh, you’re right, multi billion dollar companies reverse merge into OTC shells all the time. Totally reasonable thing to do. Gotcha.


Key words in what I said was:

quote:

tech startup



I mean you realize this is a speculative play right? The valuation is based on the potential for HUMBL to be a market disruptor.
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 2/25/21 at 2:09 pm to
Someone just yanked a few hundred thousand shares with ease. Dam that was impressive
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 2/25/21 at 2:10 pm to
quote:

I mean you realize this is a speculative play right?



This is what I asked yesterday. Either he is intellectually dishonest or retarded. I have been trying to figure out his angle. It’s a penny stock for a reason lmao.
This post was edited on 2/25/21 at 2:11 pm
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/25/21 at 2:12 pm to
quote:

I mean you realize this is a speculative play right? The valuation is based on the potential for HUMBL to be a market disrupto


The valuation is based on a PowerPoint.
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