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Good point. There is a good chance I'll refute something that you post as being due diligence. It's too bad that you're not confident that your due diligence would stand up to any scrutiny. You're right that it's better that you don't post it.
So now that I fully understand why you won't post your due diligence, there's no point in you continuing to rehash your reasons for why you won't post your analysis, right??
On a serious note, often if you write down your analysis (even if you don't post it), that can help you to determine for yourself whether you've been over-optimistic (or under-optimistic). If you can write your Humbl bull case on paper in a clear way where it makes sense to you when you read it, maybe you do have a good analysis. If not, then maybe you don't have as strong a case as you thought.
Hold on there. I'm not going to quibble over $0.0006 and 'near' is subjective. I'll concede if you want to believe $0.001 is not near the all time low.
WIth your assertion that Tickeri is a huge success because you say Humbl learned the business, keep in mind that Humbl didn't learn anything novel. Humbl learned the business from a business which was losing money. Humbl hasn't managed to make ticketing profitable either. Is Foote the right man to make that ticketing business profitable?? If so, why hasn't he done so yet??
And sure, you can say that Humbl's market value increased by $10 million based on the $0.001 share price vs. the virtually non-trading $0.0004 of 3.5 years ago, but keep in mind the change in the accumulated deficit is $97,000,000. That amount doesn't even include the money which investors paid for 1.5 billion shares worth of series B conversions, sold for as high as $7 or $8, nor the premium investors paid on the market for shares from convertible notes and placements. Humbl incinerated value. Probably around $200 million of newly invested money went up in smoke. Foote clearly has made value evaporate. So far Humbl has had a horrible track record.
No matter how much you want to paint Humbl as being successful, that notion doesn't mesh with reality.
Read the press releases from two years ago, take the pay app and South American concert tickets with merchandise and replace them with RV permits and AFL tickets with merchandise Then you're all caught up with Humbl's ever-pivoting nascent business ventures.
Don't let Foote's historical lack of success and apparent lack of competence throw you. Eventually he will learn from his mistakes and then he will make Humbl a $100 million company. All you have to do is continue to hold as Foote dilutes the bejesus out of you while he's learning from his mistakes and while he's enriching himself and his family at your expense.
What did Foote do to show his worth to you?? Surely he must have profoundly succeeded at something to make you that optimistic. Otherwise, he's just some guy who bought a shell company and kept telling stories to sell shares.
My true colors aren't hidden. I really believe that Humbl is worthless and I'm posting as much.
Can I ask why you post?? Since you don't refute anything I've said about Humbl, it doesn't sound like you disagree with what I'm saying. Since you don't give out your DD for free, as you've said, you're obviously not here to discuss Humbl either, at least not without getting paid. Is there a lower-tier, zero cost version of your DD which you are willing to share regarding your bullish case on Humbl?? If so, what's your free bullish analysis of Humbl? I don't need your A game, so don't worry.
Just between you and me, Humbl's stock is near its all-time low and dilutive shares keep coming. So there aren't many bullish cases on Humbl which seem to have worked out so far. Can I at least ask why you hold your DD in such high regard? Is there any chance you might have missed anything in your analysis?
If you look at Humbl's three year history, it has failed at Monster, Tickeri, pay app, blockchain, selling clothing, etc.... This is not a company which has its act together nor one which can demonstrate any competitiveness in any field. The number of pivots to new business alone should give you strong evidence that Humbl is your worthless typical penny stock. Maybe you think Foote is competent in all businesses but just needs a chance to prove himself??
Humbl is in the same situation as it was two to three years ago. It's igniting cash as fast as it can raise it.
Does Humbl really have any advantage in selling tickets?? Probably not. Even if Humbl had any visibility into revenues for Santa Cruz and even if people wanted their birth certificates and drivers licenses publicly available on the blockchain, does Humbl have any advantage in digital wallets?? Blockchain?? No and no.
The only difference is that Humbl's stock is now much cheaper than it was. I admire everyone's optimism, but this is Groundhog Day. Foote is going to pick your pockets clean as long as you keep letting him.
I think you're conflating something else with thinking that Humbl signed for $10 million in revenues for next year. And I'm giving you the benefit of the doubt there. I think we can safely conclude that you know of no such $10 million revenue deal for Humbl, but you want to back up another long so you don't care whether you're right or not.
The problem with that is that you dupe other people into believing that Humbl signed a $10 million revenue deal for next year. But basically, if a person can't produce a specific link, it means they're blowing smoke. When you pointed me to OTC Markets and told me to go hunt, that was disingenuous.
Yes, that's you saying, "I don't have any link showing where Humbl signed for $10 million in revenues for next year, but here's a wild goose chase for you so I can pretend like I know."
The difference is that I know the issue with Humbl and that's why I'm sharing my opinion. I'm not saying the drop in share price from almost $8.00 and down to $0.0009 validates my thesis, but it does correlate very well. Do you have any idea why your investment thesis has backfired?? If you don't, then maybe it would be worth it for you to discuss the company rather than telling me to go take a hike.
Do you have a link for where Humbl signed for $10 million of revenue next year?
I already took that advice to short HMBL, as you undoubtedly saw if you read my posting history. I did very well. But now the borrow rate for HMBL is effectively 5300%. Nobody in their right mind would take a new short position in HMBL now.
Also, keep in mind that I'm not your enemy. If you're going to be mad at anyone, look at CEO Brian Foote. I wasn't the one running Humbl.
Yes, I was hoping to hear a good, convincing bullish argument on why to own HMBL...for free as I was looking more for conversation, not for investment advice. As I've said in the past, I've never heard any convincing reason to own Humbl. Apparently all the longs want to be paid for their DD.
I know Humbl is early stage (and doesn't seem to have advanced in three years) so it's harder to put numbers to the business, but is there anything Humbl has which is novel and appears valuable?? I only see Humbl's ideas continually fade away.
I'm normally not desperate to buy any OTC, but I was short that stock and then the shares they spun off, weren't trading. I was paying $500 per day, weekends included, in borrow fees for a stock I couldn't buy back to cover my short. I never was invested in it as you incorrectly assumed. I don't think you can discount my opinion on Humbl because of another position I had. As you noted, the stock ended up worthless so I was ultimately right.
But since you're looking for ethos, I was also short HMBL from near the high and I posted that. I knocked that one out of the park and I posted exactly why. Brian Foote didn't, and still doesn't, nave any viable business plan.To this day that continues to be true and you're seeing massive dilution as more and more HMBL shares are being created. Now HMBL is at $0.0009 and I still can't see a shred of value.
Can I ask why you're bullish on Humbl? What do you see in HMBL stock that makes you believe it's well worth its $0.0009 per share price tag?
You longs have my sympathies. I haven't been here for a while, mostly because I disagreed with the strong dialog used against the longs.
But overall, you people who are long on HMBL need to look at the situation. CEO Brian Foote hasn't shown much of any ability to create anything worthwhile for years. At the same time, dilution is now around a billion new shares a month. That dilution is very real, now only partially obscured by the newly created preferred C shares. The series C will hit future investors very hard.
The current machination from Brian Foote, is the Santa Cruz story, which doesn't have much visibility into how that will convert into revenues. And all the while Brian purports to be growing this business, investors will be subjected to the aforementioned heavy dilution. And eventually Brian will come up with new stories to keep people investing.
If you haven't given yourselves a Christmas present the past couple of years, change that this year and finally give yourself the present of freedom from Humbl and an upcoming tax benefit for the capital losses.
The only reason I can see for anyone to keep this stock is if the feeling of collecting millions of shares makes you proud of the accomplishment and happy. In that way, it's no different than collecting any other memorabilia. But if you're miserable with your holdings, cut bait on this worthless company.
There are a few points there. First, you're absolutely right. If people say series B shareholders are selling, they should also say whether that's their opinion or whether they know for sure, at least when asked. If it's their opinion, they're probably right since it seems very likely that at least some of the holders are selling but I also don't know of anyone specifically.
Second, does it really matter?? The series B shareholders still have an economic claim whether they convert, sell or do neither. If the series B shareholders are holding onto their shares tightly, are you going to look to them for their wisdom?? If so, those holding tight have shown you that they're riding the stock down just like everyone else so maybe they don't possess the wisdom you're trying to find.
Just looked. You're right. Humbl can't make it to the Nasdaq under any listing standard.
Wait, scratch that. Maybe the Nasdaq Global Market under the market value standard if Humbl does a reverse split...
Humbl is one reverse split away from meeting all the requirements for the Nasdaq. George Sharp was hired to help get Humbl onto the Nasdaq so there's some indication that the company intends to get to the Nasdaq. But intent obviously doesn't mean it will happen.
I'm just saying I would like to hear a strong, articulate argument for why someone should own Humbl shares. I wasn't trying to be humorous with the term 'sales pitch'.
I understand you have strong, positive feelings about Humbl. I see a lot of people with that same confidence in Humbl. I just haven't heard any sound argument on why Humbl may be a good investment.
Humbl hasn't made any progress on the financial side or even any significant progress on the usage side. There's optimism and reality, but optimism and reality don't appear to mesh at Humbl as far as I can see.
I would certainly like to hear a sales pitch on why to buy shares in Humbl.
I understand it's a lot of soft, gut feel type of analysis on the business prospects for both long and short, but with 7 billion shares coming, Humbl seems very expensive even at $0.058. I would have expected some progress to have shown up in the financials by now for that price tag. Instead, the company is coming up with ideas which have already been implemented by other companies. Humbl isn't the first to do a crypto wallet, a payment system, a search engine, ticket sales or anything else they're telling investors. Humbl's shares seem way too expensive for a company still firmly in the idea and implementation stage.
If you or anyone else has a solid sales pitch for Humbl which you can put into words, I'm sure everyone would be grateful to hear it. I understand that's not easy to do.
Best of luck to you.
Prophetic.
For tax losses and because the company still doesn't have the business to support its weighty market cap. $0.05 isn't cheap for Humbl.
I can see your confidence is high, but keep in mind that OTC stocks most often don't pan out. The pain and blood you're putting in now to keep buying is most likely not going to pay off.
If I can be the Ghost of Christmas Past for a moment, look at a bunch of message boards of other OTC stocks which didn't make it. You'll see people just like you, brimming with confidence that their stock will turn around and give them generational wealth. But that wealth rarely ever comes. It's painful to read so probably much more painful for investors to have lived through. Learn from others.
I wish you the best, but please be cautious.
"Its always the b share boogeyman, I am not worried this company continues to move forward and produce."
Unfortunately, Humbl moves forward only through time and produces losses. Look at the revenue/loss production ex-acquisitions. It's very underwhelming. The company is trying different strategies but has no real worthwhile direction. It's a typical OTC.
If Humbl had found anything which was worthwhile, it would be focusing on that. Remember when Brian said he was focusing on the wallet? That focus all but disappeared. Is the focus still Search3 or is there something else now??
"Why would you respect a liar?"
You avoid that by not calling them a liar in the first place. If it makes no difference in the price of Humbl's shares or Humbl's outlook, then just assume they're telling the truth.
Your assertion that someone intending to hold their shares long term has "ZERO reason" to have their shares registered is flat, flat wrong. TenKay, do you simply not understand that it's a benefit with no downside to having shares registered via S-1?
What you said was plain bad information. There's simply no downside for someone to have their shares registered whether then want to hold short term or long term. Your information is wrong.
Nobody knows the breakdown at this point. If the S-1 is ever declared effective, some will hold and some will sell. I haven't seen anything concrete to indicate what percentage each would likely be.
"10 mil warrants were converted by Sharp in Jan. I don't believe he sold any of those shares."
That would have been silly for George Sharp not to sell the shares resulting from warrant exercises. The warrants only have upside while the stock has upside and downside. Nobody wants downside for no reason. The ONLY reason to exercise those warrants would be to immediately sell them.
Yes. I would say George Sharp's remaining warrants are likely toast at this point. I don't think they'll add any more to the OS.
I would also guess that many shareholders are waiting for their shares to be registered so they can finally sell. Many of them received shares at much lower prices or for minimal contribution.
There's nothing an S-1 can do to "finalize" any acquisition. The S-1 is for registering shares.
"LOL…this is hysterical. The only reason to do an S-1 is to allow the shares to be sold. If someone was going to hold long term then there is ZERO reason for them to be listed as a “selling stockholder”."
Not true and certainly not hysterical. There's no reason not to have shares registered simply for the option of being able to sell them at some point in the future.
Is this true, regarding a Humbl employee?
https://stocktwits.com/TheSkin/message/453293884
It looks like the few pieces of new information which came out in the amended S-1, all pointed in the wrong direction.
Yes, reverse splits don't affect much. Usually reverse splits happen because the stock price went south for other reasons. While investors see the correlation between reverse splits and poor performance, they seem to subconsciously blame the reverse splits as bad omens.
But yes, regarding Sharp and the reverse split. He also said that short sellers had been forced to cover with the reverse split. I had just gone short not too long before the reverse split and my short position wasn't inexplicably closed out, so I knew Sharp was a liar, as did anyone else who was short. Sharp is a smart man so it's not like he was merely misinformed. He knew he was lying when he said that.
Sharp definitely knows his way around the OTC, but he's not very forthright in my opinion. I remember the whole Humbl reverse split incident with Sharp. I don't think it was mishandled on accident. Sharp knows better and I'm sure his actions were well thought out and deliberate, and intentionally to the detriment of shareholders.
I definitely agree that you were 100% correct on the warrant valuation. The argument you were given in return about intrinsic value being the same as "actual value" was ludicrous and wrong. Even if you had been wrong, which you weren't, the way you were treated was deplorable.
It's worse than that. If I cover then I'm going to be hit with taxes and there's no turning a short position into a long term gain no matter how long it's held. I may be holding it for a while just to stave off taxes.
But you're right about shorting Humbl at the current price. The maintenance margin is about 15x now. If a person needs the margin then it's certainly not worth shorting now.
After hearing arguments on both sides, I've decided to become a Humbl bull. Obviously, I'm still going to maintain my moderate short position in Humbl because I believe it would be silly to do otherwise, but I do very much like civil, optimistic debates.
Absolutely. The $0.20 strike Humbl warrants are out of the money today but still have actual real value because there's a chance they could go back in the money. Good answer.