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Humbl Inc (OTCMKTS: HMBL) Major Reversal as Co Readies Launch of #NFTClassic & Looks to Up list to Major Exchange

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Humbl Inc (OTCMKTS: HMBL) has seen a significant reversal in recent trading since a brief dip below $0.05 to $0.047 lows HMBL has picked up steam and is moving northbound with power. Currently under heavy accumulation HMBL looks cheap for a stock that was the biggest runner of 2020 skyrocketing from sub pennies starting as TSNP and running to multi dollars as HMBL at one point achieving a market cap of $1 billion dollars plus hitting highs of $7.72 post-split. HMBL has a massive following of investors behind and a major international following. As we have reported many times, HMBL is made up of team members from Company’s like Moneygram, Visa, Microsoft, Western Union American Express, Epson, Qualcomm and Facebook and was named a Forbes “Rising Startups to Watch” in June 2020. The Company has a powerful management team behind it led by CEO Brian Foote. Recently they brought back stock whizz George Sharp as Capital Markets Advisor who is shepherding HUMBL through the application process to the NASDAQ Stock Market since recently achieving OTCQB tier.   

This is an exciting time for HMBL which is launching its much-awaited NFT collection #NFTClassic on July 9 which will join a now growing list of HMBL products including its web 3, blockchain platform, Search3, HumblWallet, HumblPAY & Humbl Tickets. The Company is also signed a brand endorsement relationship with Myles Garrett to promote its Web 3 blockchain platform. To kick off their work together, HUMBL is launching a limited-edition Myles Garrett NFT Collection, currently scheduled for late July 2022, making use of core HUMBL Wallet, HUMBL Search Engine and HUMBL Marketplace product lines. The Myles Garrett NFT Collection will feature authentic NFTs with creative media including original art and accompanying sound. Myles Garrett is an American football defensive end for the Cleveland Browns of the National Football League (NFL). He was selected as the #1 overall draft pick in the 2017 NFL Draft. Previously HMBL has worked with a number of celebrities including Nick Carter among others. 

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Humbl Inc (OTCMKTS: HMBL) is a Web 3 blockchain company with consumer and commercial divisions. The company offers a HUMBL Mobile Pay app, HUMBL Search Engine and HUMBL Marketplace.  HMBL went public via a reverse merger with TSNP the biggest runner of 2020 before changing its name to HUMBL. 

HMBL has seen significant growth through acquisition completing the purchase of Tickeri, Inc., a leading Latin-focused ticketing platform and Ixaya Business SA de CV, a Mexico-based firm developing software and IT solutions, Monster Creative, LLC; a Hollywood production studio that specializes in producing movie trailers that recently won two awards at the 2021 Clio Awards, as well as one nomination as well as the mobile identification, verifiable credentials and blockchain tokenization platform of BizSecure, as well as its employee and consulting resources.  HMBL also completed the acquisition of Ixaya Business SA de CV, a Mexico-based firm with over 15 years of experience in developing software and IT solutions for the automotive, banking, payments, financial services, oil and gas, real estate, and cybersecurity sectors. With this acquisition, HUMBL obtains direct access to more than thirty-five (35) Ixaya technology team members specializing in product design, front-end engineering, back-end engineering, dev ops and blockchain development.

HUMBL is led by CEO Brian Foote who is well known in the crypto community and brings with him twenty years of consumer technology experience, having launched a number of top ranked global technology products at companies like Epson, where he was twice named to the Innovators Team Award for his work across merchant partners such as Amazon, Walmart, Costco, Target and Best Buy. In recent months Brian Foote has reduced the share count by at least 800 million and pledged not to dilute the stock in the future.  HMBL has also brought Mr. George Sharp back as Capital Markets Advisor. Mr. Sharp will shepherd HUMBL through an imminent application with OTC Markets for an advancement to the OTCQB tier and then towards an application to the NASDAQ Stock Market. In furtherance of these milestones, the company will file audited financials with the SEC beginning with the yearend statement for 2021.  

Microcapdaily was among the first on the scene when TSNP started moving northbound reporting on TSNP on November 15, 2020 when the stock was $0.003 stating at the time: “Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is making a spectacular run up the charts in recent weeks quickly transforming into a volume leader and one of the top most traded stocks in small caps. TSNP started off in triple zero land but has gone parabolic since than quickly attracting legions of new shareholders who continue to bid the stock higher. Reverse Merger stocks (RM) are easily among the most exciting and explosive stocks in small caps rivaling only biotech’s in their ability to make historic gains. TSNP is the perfect merger candidate; a clean shell with virtually no debt and the new Company HUMBL is a major mobile payments player with a first-class management team with team members coming from companies like Western Union, Moneygram, Visa, American Express, Epson, Microsoft, Facebook and Qualcomm and was recently named a Forbes “Rising Startups to Watch” The whole deal is being shepherded by George Sharp, a reverse merger whizz and someone known for doing it right.    

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HMBL

Earlier this year HMBL completed the integration of the Polygon sidechain into its NFT platform, which will help creators more easily deliver NFTs to their collectors while reducing gas fees and minting costs. As a Layer 2 solution built on Ethereum, the Polygon sidechain allows users to conduct most transactions on the Ethereum blockchain for, in most cases, a fraction of the cost, and with greater speed than the Ethereum mainchain. NFTs are unique non-fungible, cryptographic tokens that reside on a blockchain which cannot be replicated, enabling creators to tokenize their intellectual property or work product so that it can be bought, sold and traded in new ways on the blockchain. The HUMBL NFT platform is accessible at HUMBL.com, and will also integrate its technologies over time into HUMBL’s “Search 3” Search Engine, which is launching on May 31, 2022 at Search3.com. The HUMBL NFT platform is accessible at HUMBL.com, and will also integrate its technologies over time into HUMBL’s “Search 3” Search Engine, which is launching on May 31, 2022 at Search3.com. 

Polygon believes in Web3 for all. Polygon is a decentralized Ethereum scaling platform and sidechain that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security. 

HMBL also recently launched Search 3, a new cross-chain search engine designed to help users explore Web 3, a decentralized version of the world wide web, built on blockchain. Search 3 is one of the first cross-chain NFT search engines, allowing consumers to directly search NFTs by wallet or contract address across Ethereum, BLOCKS, Polygon, Solana and Gnosis.  Consumers are able to confirm that NFTs have been “Verified by BLOCKS” to help protect against fraud and forgery on NFT marketplaces. The search engine also shows customers where NFTs are available for purchase across various marketplaces. In addition to Search 3, the company is shipping a companion HUMBL Web Wallet that enables customers to more seamlessly swap, transact with and manage digital assets on Web 3. This includes digital assets such as Bitcoin, Ethereum, USDC, Solana, Polygon, BLOCKS and more. 

The HUMBL Web Wallet features “Wallet Connect”, enabling customers to plug-in over 100 different wallets on top of the Search 3 platform. Customers can store ERC-20 & ERC-721 NFTs in the wallet, and plug into tokenized social media environments and marketplaces. The HUMBL Web Wallet employs security features such as 2FA-enablement and enhanced warnings on potentially questionable transactions while transacting on the Search 3 ecosystem.  

The company will be working to monetize the Web 3 search engine across advertising sales, branded content, NFTs, marketplace commissions, tokenized incentive and loyalty programs, as well as referral fees on customer services such as deliveries. The Search 3 product roadmap contains additional Web 3 entry points, such as: Metaverse, Government Services, and Origin Assurance designed to help customers track merchandise and collectibles on blockchain. The company is also developing a companion “Mail 3” privacy-focused email service for global customers.  

On June 21 HMBL announced it has signed a brand endorsement relationship with Myles Garrett to promote its Web 3 blockchain platform. To kickoff their work together, HUMBL is launching a limited edition Myles Garrett NFT Collection, currently scheduled for late July 2022, making use of core HUMBL Wallet, HUMBL Search Engine and HUMBL Marketplace product lines. The Myles Garrett NFT Collection will feature authentic NFTs with creative media including original art and accompanying sound. Certain NFT purchases from the collection will also be tied to physical merchandise such as signed professional footballs and jerseys. Myles Garrett is an American football defensive end for the Cleveland Browns of the National Football League (NFL). He was selected as the #1 overall draft pick in the 2017 NFL Draft.  

The NFTs and physical merchandise will also be “Verified by BLOCKS” to ensure authenticity for collectors. Any environmental impact of the NFT program will also be estimated and offset by “BLOCKS Zero” via carbon credits. A portion of the NFT sales will go to Waterboys.org, a program that was launched by the Chris Long Foundation, alongside some of his fellow NFL players, to build new water wells and improved clean water access to families in Africa. The NFT collection was produced in collaboration with GV Art + Design, which has collaborated previously on creative media with networks such as ESPN, Sports Illustrated, NBA.com and MLB Network. 

Brian Foote, CEO of HUMBL stated: “We’re excited to have the opportunity to work and collaborate with Myles and his team. He has been an excellent contributor to the NFL on and off the field and we are proud to be associated with him and his impact on the world.” 

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Currently HMBL has 1,411,125,639 shares outstanding, 348,160,860 of which are restricted leaving 1,062,964,779 free trading shares. HMBL does have $3.5 million in the treasury and according to their unaudited financial statements the Company did $2,503,388 in revenues during 2021. The big name behind HMBL is stock whizz George Sharp who was instrumental in the huge success of TSNP stock price as well as getting HMBL to OTCQB and looking for a NASDAQ listing. HMBL is an exciting story in small caps; management is made up of team members from Company’s like Moneygram, Visa, Microsoft, Western Union American Express, Epson, Qualcomm and Facebook and was named a Forbes “Rising Startups to Watch” in June 2020. This is an exciting time for HMBL which is launching its much-awaited NFT collection #NFTClassic on July 9 which will join a now growing list of HMBL products including its web 3, blockchain platform, Search3, HumblWallet, HumblPAY & Humbl Tickets. The Company is also signed a brand endorsement relationship with Myles Garrett to promote its Web 3 blockchain platform. To kick off their work together, HUMBL is launching a limited-edition Myles Garrett NFT Collection, currently scheduled for late July 2022, making use of core HUMBL Wallet, HUMBL Search Engine and HUMBL Marketplace product lines. The Myles Garrett NFT Collection will feature authentic NFTs with creative media including original art and accompanying sound. Myles Garrett is an American football defensive end for the Cleveland Browns of the National Football League (NFL). He was selected as the #1 overall draft pick in the 2017 NFL Draft. Currently under heavy accumulation HMBL has a massive following of international investors, at current levels, it’s got liquidity, momentum and a massive gap to fill from previous levels. Microcapdaily was first on the scene when TSNP started running reporting on the stock on November 15, 2020 when the stock was around $0.003. We will be updating on HMBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HMBL.

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Disclosure: we hold no position in HMBL either long or short and we have not been compensated for this article.

Emerging Markets

Is today’s surge in MMTec Inc (NASDAQ: MTC) justified ?

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MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 - $2.5299, with more than 2.98M shares exchanging hands.

MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 – $2.5299, with more than 2.98M shares exchanging hands.

So why did MTC surge today ?

The failure of Silicon Valley Bank led to a sell-off in equities and a shift to safe-haven assets, such as US Treasuries and gold. Markets have calmed down somewhat, and the worst of the equity sell-off seems to be over. However, the market anticipates that the markets will be somewhat uneasy until a better understanding of inflation is reached and what the Federal Reserve will do next week.

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Despite most investors currently avoiding the banking sector, Wall Street sees potential opportunities, particularly in regional banks. The chaos in the market has created opportunities in the industry and several banking stocks are being punished just for being a banking stock. The collapse of Silicon Valley Bank was due to its specialisation in venture-capital financing, which made it vulnerable to the higher interest rate regime of the past 12 months.

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Therfore, today’s gains in MTC seems to be more a sympathy bounce considering the overall banking sector. Earlier in March, MMTEC, Inc. (Nasdaq: MTC) declared that it will relocate its operations from Beijing to the Hong Kong Special Administrative Region, effective March 6, 2023. The Company’s subsidiary, MM Future Technology Limited, which is a Hong Kong incorporated limited company, will assume all operations previously conducted by its subsidiary, Gujia (Beijing) Technology Co., Ltd. However, Gujia will continue to carry out specific technical research and development functions. Further, the Company, through its subsidiary HC Securities (HK) Limited, and other entities, will continue to invest its human resources in asset management and securities underwriting, and other related businesses, aiming to attract global funds to invest in the Chinese market and support China’s economic growth. The Company’s new operations headquarters is located at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.

We will be updating on MTC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MTC.

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Emerging Markets

Cazoo Group Ltd (CZOO) is one stock that Wall Street could be talking for day to come

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Cazoo Group Ltd (NASDAQ: CZOO) last traded at $2.62, a gain of +0.6400 (+32.32%). More than 5M shares exchanged hands compared to an average daily volume of 228K shares. Considering that the 52 week high of CZOO is more than 65$, there seems to be a lot of room to the upside.

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Why did CZOO surge last week? Welcome to the Carvana of the UK!

Cazoo, a publicly traded company (NYSE: CZOO), was founded in 2018 by serial entrepreneur Alex Chesterman OBE. The company’s mission is to revolutionize the UK’s car buying and selling experience by offering consumers better selection, value, transparency, convenience, and peace of mind. Cazoo’s goal is to make the car buying or selling process as simple as purchasing any other product online. The company enables customers to buy, sell, or finance a car entirely online, with delivery or collection available in as little as 72 hours.

Recently, Cazoo Group Ltd, the UK’s leading online car retailer, updated its business performance and progress with the restructuring announced in January. The CEO, Alex Chesterman, expressed satisfaction with the progress made so far in 2023, despite the challenging economic environment. The company has taken swift and decisive management action to restructure the group, improve unit economics, and reduce fixed costs. The rightsizing of headcount and operational footprint is well underway, and the company expects to complete the restructuring before the end of Q1 2023. The company has seen significant improvement in its GPU, with retail GPU tracking at approximately £900, up from £600 in Q4 2022. Cazoo has sold over 100,000 cars entirely online in the UK in the three years since its launch. The company remains fully focused on driving higher profitability and has appointed Jonathan Dunkley as Chief Operating Officer. Cazoo’s cash reserves remain strong, and the company expects to achieve profitability without external funding until H2 2024. The company expects to end 2023 with over £100m of cash and cash equivalents on its balance sheet and sell 40,000-50,000 UK retail units in the current year.

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The online car market in the UK has been growing rapidly in recent years, driven by increasing consumer demand for convenience and transparency in the car buying process. Online car retailers such as Cazoo, Carzam, and Cinch have emerged as major players in the market, offering a wide selection of used cars for sale online with home delivery or pickup options. These companies use advanced technology to provide customers with a seamless buying experience, including virtual vehicle inspections, transparent pricing, and easy financing options. The COVID-19 pandemic has further accelerated the shift towards online car buying as consumers seek to avoid in-person interactions and dealerships adapt to new ways of doing business.

So if CZOO learns from Carvana’s mistake, there is little to no doubt that CZOO could be the talk of the town in days to come. We will be updating on CZOO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CZOO.

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Emerging Markets

Ocean Biomedical Stock Surge could just be getting started and here’s why

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Shares of Ocean Biomedical (NASDAQ:OCEA) surged more than 100% on Thursday, following a talk by the company’s scientific co-founder, Dr. Jack A. Elias, at Brown University’s Legorreta Cancer Center. The preclinical-stage biotech, which went public on the NASDAQ on February 15, focuses on developing novel treatments for deadly diseases, including malaria, multiple cancers, and pulmonary fibrosis.

During the talk, Dr. Elias presented exciting details about potential therapies to suppress tumors in various cancers, focusing on the company’s work in understanding the role of the protein Chitinase 3-like-1 (CHI3LI) in the progression of lung cancer. He also discussed his discoveries on how certain monospecific and bispecific antibodies can be used as therapies to treat non-small cell lung cancer (NSCLC) and glioblastoma multiforme (GBM). The company aims to expedite these findings into phase 1 trials.

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The excitement over this preliminary news stems from the large target groups for both diseases. According to Cancer.net statistics, NSCLC is the leading cause of cancer death and the second-most diagnosed cancer in the US, affecting around 236,740 people. GBM is the most common primary brain tumor in adults, with an average survival period of just 15 months and no cure.

The recent surge in Ocean Biomedical’s shares also comes on the heels of an announcement on February 28 that co-founder Dr. Jonathan Kurtis had been awarded a patent for the discovery of the third parasite target PfCDPK-5. This target has the potential to be used to halt the malaria parasite in various stages of its cycle, opening up new possibilities for treating this deadly disease.

Ocean Biomedical’s focus on developing novel treatments for deadly diseases and its recent exciting findings have generated significant investor interest. However, it is important to note that investing in preclinical-stage biotech companies carries a high level of risk. There is no guarantee that these discoveries will translate into effective treatments or that the company will receive regulatory approval.

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Nevertheless, the positive developments from Ocean Biomedical are a significant milestone and hold great promise for patients suffering from deadly diseases such as cancer and malaria. If the company’s discoveries prove successful in further clinical trials, they could potentially generate significant revenue and transform the standard of care for these diseases. We will be updating on OCEA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OCEA.

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Disclosure: we hold no position in OCEA, either long or short, and we have not been compensated for this article

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