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I was an initial employee of a startup in 1995 that had a couple million in revenues and was at times losing money and struggled to make payroll. In 2018 when I left I had received vested stock grants-- the company after reverse mergers/mergers /acquisitions is today trading on Nasdaq with Billions in revenue and Global in 40 countries with hundreds of thousands of employees.
My advice- never let anyone tell you it cant be done -- never let anyone convince you something is impossible ... its not.
And yes I got "free stock" as did many others.
The following is ABSOLUTELY true
Startup companies do not just work on revenue for valuation — in fact they very rarely do.
In the recent climate of massive change and innovation the following method is popular: Known as “market multiple”.
One could also argue the value is what the market determines the value to be
Market Multiple
Venture capital investors like this approach, as it gives them a pretty good indication of what the market is willing to pay for a company. Basically, the market multiple approach values the company against recent acquisitions of similar companies in the market.
Let's say mobile application software firms are selling for five-times sales. Knowing what real investors are willing to pay for mobile software, you could use a five-times multiple as the basis for valuing your mobile apps venture while adjusting the multiple up or down to factor for different characteristics. If your mobile software company, say, were at an earlier stage of development than other comparable businesses, it would probably fetch a lower multiple than five, given that investors are taking on more risk.
In order to value a firm at the infancy stages, extensive forecasts must be determined to assess what the sales or earnings of the business will be once it is in the mature stages of operation. Providers of capital will often provide funds to businesses when they believe in the product and business model of the firm, even before it is generating earnings. While many established corporations are valued based on earnings, the value of startups often has to be determined based on revenue multiples.
The market multiple approach, arguably, delivers value estimates that come closest to what investors are willing to pay. Unfortunately, there is a hitch: comparable market transactions can be very hard to find. It's not always easy to find companies that are close comparisons, especially in the start-up market. Deal terms are often kept under wraps by early-stage, unlisted companies – the ones that probably represent the closest comparisons.
George Sharp- I wouldn’t bet against him ...
1/3 Looks like $WRIT management is opposing my custodianship application. This is not a bad thing because if my petition is denied, then the court will likely order current management to bring the company current anyway & that's good for the shareholders.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) May 3, 2021
I agree
Sharp bringing the heat cleaning up the scammers
1/3 Looks like $WRIT management is opposing my custodianship application. This is not a bad thing because if my petition is denied, then the court will likely order current management to bring the company current anyway & that's good for the shareholders.
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) May 3, 2021
Yes it can — startup companies do not just work on revenue for valuation — in fact they very rarely do.
In the recent climate of massive change and innovation the following method is popular: Known as “market multiple”.
One could also argue the value is what the market determines the value to be
Market Multiple
Venture capital investors like this approach, as it gives them a pretty good indication of what the market is willing to pay for a company. Basically, the market multiple approach values the company against recent acquisitions of similar companies in the market.
Let's say mobile application software firms are selling for five-times sales. Knowing what real investors are willing to pay for mobile software, you could use a five-times multiple as the basis for valuing your mobile apps venture while adjusting the multiple up or down to factor for different characteristics. If your mobile software company, say, were at an earlier stage of development than other comparable businesses, it would probably fetch a lower multiple than five, given that investors are taking on more risk.
In order to value a firm at the infancy stages, extensive forecasts must be determined to assess what the sales or earnings of the business will be once it is in the mature stages of operation. Providers of capital will often provide funds to businesses when they believe in the product and business model of the firm, even before it is generating earnings. While many established corporations are valued based on earnings, the value of startups often has to be determined based on revenue multiples.
The market multiple approach, arguably, delivers value estimates that come closest to what investors are willing to pay. Unfortunately, there is a hitch: comparable market transactions can be very hard to find. It's not always easy to find companies that are close comparisons, especially in the start-up market. Deal terms are often kept under wraps by early-stage, unlisted companies – the ones that probably represent the closest comparisons.
It’s easy to put the pieces together with HUMBL and NFT’s and if any still don’t understand the concept yet . Read the hiring PR; read the business plan slides shown in past conference calls . Check out Tickeri ..... and then listen to Mark Cuban on his latest tweet .
“You are showing you don't understand the technology behind NFTs. A textbook can be an NFT that is sold and resold with perpetual royalties going to the publisher. An insurance contract can be an NFT. A ticket to an event can be an NFT. The list is endless”
aYou are showing you don't understand the technology behind NFTs. A textbook can be an NFT that is sold and resold with perpetual royalties going to the publisher. An insurance contract can be an NFT. A ticket to an event can be an NFT. The list is endless https://t.co/sKtQNy52wD
— Mark Cuban (@mcuban) April 28, 2021
“”We’ve crossed a line’: Why Goldman Sachs says crypto is here to stay.
Mathew McDermott, the bank’s most senior crypto exec, says there’s no going back on digital assets as institutional investor clients pile in.
Cryptocurrencies and digital assets are going to be a permanent feature of banks and asset managers’ investment portfolios for the foreseeable future, Goldman Sachs’ top authority on the sector has said.
Mathew McDermott, the bank’s global head of digital assets, said cryptocurrencies have now passed a point of no return in terms of adoption ......”
https://www.fnlondon.com/articles/weve-crossed-a-line-why-goldman-sachs-says-crypto-is-here-to-stay-20210316
You are 100 Percent spot on. And that article is a nothing burger with contacts of an email and a P.O. Box LOL.
I would add that many banks and others that are “mainstream” are actually getting on board and adopting digital assets and the block chains . And to your point Bitcoin is a monster but is not the only option by far. In fact Bitcoin has dropped to about 50 percent of the total asset class and falling especially as Ether explodes in popularity .
I was a huge doubter early on and passed on the opportunity to buy Bitcoin in the hundreds $ . Biggest investment mistake I ever made . However thankfully I educated myself and watched and learned and made and continue to make huge gains in the digital space . I adapted and adopted as conditions change as any good investor would.
In fact my digital assets will soon exceed the more traditional because the gains in digital are just explosive .
HUMBL Linked In Profile and pages:
https://www.linkedin.com/company/humbl-llc
An 8 k is meaningless ....
Only if you are invested in the “active” ETX’s . The are working towards all being “active” at some point but right now I believe 3 of the 9 are “active” .
That’s A GREAT find
My advice — focus on trading ... focus on how stocks move - and trade them . Just like on any stock , fund , currency , asset ....
Trading on Emotion is the road to ruin
I got screwed making well over a million dollars and counting on those ... and I’ll make millions more
Bitcoin alone even after the recent drop has about 1 Trillion in Market cap .
Sharp new plays are going big green as is the usual pattern ... his Twitter followers exploding up.
On THIS volume ? LOL
For all those that don’t get it — Digital currency is all up MASSIVE gains over a one year period —
Bitcoin alone was $7390 one year ago today .
Last night I was buying and already made $32,000 on paper in a few hours — but I hold most as the long term gains have been BETTER than even some of the exploding OTC over the last year .
Those that also don’t understand the “clock”:
Digital trades GLOBALLY 24/7 365 .
Here’s part of a response I got awhile back from HUMBL Financial
“Further note that when an ETX is purchased, the difference between cost basis and close price is based on yesterdays close. Therefore, you may see a gain or loss until 00:00 GMT when the close price will update. Live price results are being worked on which should align the cost basis and current price.”
Furthermore without giving trading advice I would say this: I was HUGE doubter of "crypto" initially. I was wrong.
And thankfully I went in huge on the last "correction" when Bitcoin dropped to about 6K.
I would also say to any trading digital or thinking about it-- it is a 24/7 365 market. It never closes. Plan on working nights, weekends, holidays, get a platform that allows you to buy on crazy huge drops or sell on crazy huge gains by setting the equivalent of "stops/limits".
And WATCH THE PATTERNS...
And if you thought the OTC was wild-- Digital Currency trading is even MORE volatile.
The average hold of any asset on Coinbase is only a matter of about 2 weeks or so. Traders are flipping it like you wouldnt believe BUT it has appreciated massive gains if one did hold over the last year.
Good luck all !
We just pushed an update to mobile to help make the allocation of funds more obvious and intuitive. #HUMBL #ETX https://t.co/xst0hrNuRO pic.twitter.com/YJdCtPszWV
— Calvin Weight (@CalvinWeight) April 21, 2021
That is correct — and it is not up for debate
Shell Risk is a designation from OTCM .
A company can be technically not a shell but until it shows consistent revenue in consecutive filings OTCM will not remove it until that happens . Generally speaking ....
Yes he does
George Sharp@GeorgeASharp The difference between me and the scammers: I don't cry or criticize when there is a sell-off. I don't try and convince people to buy. I just deliver. Keep the ticker current and show progress. Everybody else does what they got to do.
The difference between me and the scammers: I don't cry or criticize when there is a sell-off. I don't try and convince people to buy. I just deliver. Keep the ticker current and show progress. Everybody else does what they got to do.
12:17 PM · Apr 20, 2021·Twitter Web App
$MKGP Maverick Energy Group, Ltd. [Attorney Letter with Respect to Current Information]
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) April 20, 2021
If it’s Sharp it’s golden for a rise
Seeking Alpha is a clown show — that’s funny — and ANYONE can post anything there — if people make trading decisions based on anything anyone posts on the internet anywhere they deserve to be broke
Agree — he saved many on the other stocks . Hope he can do the same here .
Agree
Yes he is — anyone that bet on Sharp early on with $GRDO/$FORW and /or $TSNP$HMBL is easily a millionaire .
Their app does not translate to their platform well .. it can’t translate emojis
HMBL has well over 50k eyes watching on ST —- and did anyone else just buy that massive temp dip in crypto ? Just made a KILLING on the bounce and growing ! Gotta be fast in this 24/7 365 digital market . Beautiful !
You’re actually right on that — I’m a
Pattern trader and many of the patterns are exactly the same or extremely close including AMC and GME and a boatload of OTC
No — I’m a very good trader and know what I’m doing and how to buy and sell
Yes - I’m very familiar with George Sharp . Followed him for years .
Sharp rarely if ever fails
Yes — that happens in the OTC a lot : )
The stock is still trading in its midpoint 52 week — traders are watching on George Sharps name alone
That’s true — but it’s a possible George Sharp company