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As far as I remember Singapore is a good market and also that movement is backed by the government there which is a plus. If HUMBL can work on governmental level besides consumers', it would be a great reference for other countries that need a technology partner because HUMBL would be in a great position for that.
If Brian Foote hadn’t launched on the OTC, he wouldn’t be ahead of the competition. The App is coming in April. Brian said “days” $HMBL if he’d waited in line to launch on the NASDAQ, it would take 5 years. STRATEGY. We will skip the line & uplist this summer! Mark it! @humblceopic.twitter.com/BoJC3Co6Ug
Shorting and/or manipulation imo. Check the intraday pattern over the past couple of months. Notice the big price drop that occurs almost daily within the first couple of minutes after the market open pushing the price down and how most of the trades are always executed below the ask or at the bid all day keeping the ask intact as much as possible. Notice also how the price easily explodes every now and then only to be pushed back down shortly after. It's as if there's a maximum price limit set daily for $HMBL that it must not exceed. As a result, the share price is continuously pushed down. Luckily there's a huge demand that counteracts that down pressure but not enough to push the price high. I believe if $HMBL was trading normally, the share price would be above $20 at least by now. The management must find a way to protect $HMBL from such games.
Why is this down? I haven't heard any plausible explanation. $HMBL!
You can just ignore it. My reply would be useful for anyone who has the same misunderstanding about the aspects I mentioned, especially when it comes to math and calculating investment value, unrealized vs. realized loss, and that the drop in the value could happen because of buying at the wrong time (with or without reverse split), not because of the RS itself.
This is incorrect. What actually happened is that every 100 shares you owned were "replaced by" 25 shares (divided by 4). So nothing was taken away form you. You can look at it as if you still own the same old shares but every 4 were "merged" into 1.
At the same time, the share price was multiplied by 4. Your owned value (shares X PPS) did not change at the RS time.
The RS caused the OS to be divided by 4 too, so your relative ownership (your shares / total shares) stayed the same. If you owned 0.1% of the total shares before the RS, you still owned 0.1% after the RS. So no change in your relative ownership or owned value. So from both perspectives which are what's important for investors, you haven't lost anything. Notice that this is not a HUMBL-only action, many companies do splits (forward or reverse), the point is whether it's beneficial or abusive. In the OTC world, RSs are typically in the thousands. I can hardly even call 1:4 a reverse split.
The RS was not "horrific", it was a healthy and necessary step to tame the wild OS and push the price to levels that make uplisting to Nasdaq possible. That in turn - if happened - could increase your owned value even more. Regardless the unannounced action was good or bad which is subjective, but the action itself was beneficial and even necessary.
People keep comparing the price before and after the RS but I look at it differently. With all the ongoing manipulation and shorting (I believe), imagine what would happen if the the RS didn't happen at the first place.
All imo.
I bought in at PPS over $6, and after the horrific reverse split 4 to 1. For every one hundred shares i bought, Brian took away 75 shares, and I now only have 25 shares. I am a late TSNPD shareholder. Not only I lost 75 % of my original number of shares, the value of PPS is not $6 anymore. it is now $3.53 per share. Yesterday it fell below $3.
The app does not launch because the symbol changes, it is launched because and when it's ready. It's an app that's supposed to cover 40 countries (listed here https://www.humblpay.com/mobile-pay-page), covering consumers, freelancers, consumers, taking into accounts a huge number of aspects required in payment transactions like sharing payment, tipping, refunding, ...etc. And considering the differences that may exist from one country to another.
And it's not only the app on the mobile phones, it's also the backend and infrastructure that services it. It must be powerful enough to serve a huge number of users per second, scalable to meet growing demand if needed and shrink when less to reduce cost, reliable and running stable with no interruption, secure enough to operate in such sensitive domain where the users entrust the company with their financial data and may connect it to 3rd-party services.
The last thing I want to see is the management releasing the app prematurely to please traders and impatient investors only to have the company image and trust ruined for a downtime or security preach. If it takes takes months more to launch I'd give them four to make sure things are OK.
Good business sense would have been to release some kind of update about the app
Brian did that already in the last CC. His role is managing the company, not the stock price.
Wrong. I did not mention any numbers. I talked in concept the same way it was done since October especially that no one knows exactly what's coming for $HMBL in the coming weeks and months above than what's already mentioned. Let me put differently, taking the stock market in general, I believe $HMBL is among the top 10% potential-wise.
Performance failure? Where did you get this information from? Show us an evidence.
Wrong. I am not the one who should explain. The person who made that claim is the one responsible for explaining and proving his claim. Other than that, it's not true.
I really don't care. I just wanted to point his attention to the longer-term perspective which is more important here. Discussing minor points will not change anything. HUMBL Inc. is going fine and $HMBL is expected to follow suit sooner or later, this is what's important. This is a great company with huge potential represented in a world-class team, global network, working products, an expected super app, reduced pre-split OS, reduced OS enhanced share structure via a healthy RS, acquisitions, agreements and partnerships, just to name a few. Here are some reminders:
Wrong. My reply included also "with all the manipulation going on". Either take all or leave all. I did not say there's no shorting, obviously there's shorting and manipulation. My point was that better not keep busy with the day-to-day movement and finding someone to blame for the red days and better look at a larger time frame where the price is expected to be corrected to reflect the company value.
Nobody will be blamed for anything. This is a stock, it goes up some days and down in others. It will never meet everyone's expectations and it can never be accurately predictable on daily basis especially with all the manipulation going on. What's important is what happens in weeks and months. Look where it is now from 6 months back to see for yourself. What's important for investors is what the company itself is doing. If the stock is not reflecting that in price, it's expected to correct that some day.
I could go on and discuss why your opinion is not necessarily correct and while "pinkie" companies might do this, it's not necessarily an evidence that each and every company that does it is "stinkie".
However, why should we distract ourselves by this while the positive side is already full and overwhelming and gives a lot of reasons to trust the company and it's management than to worry form them. When you have a great company with huge potential represented in a world-class team, global network, working products, an expected super app, reduced pre-split OS, reduced OS that enhanced share structure via a healthy RS, acquisitions, agreements, partnerships, and many others, the net result becomes positive and such fears are unfounded imo. Here are some reasons to feel optimistic about HUMBL:
Again, leaving the main topic of a great company with huge potential represented in a world-class team, global network, working products, an expected super app, reduced pre-split OS, reduced OS enhanced share structure via a healthy RS, acquisitions, agreements and partnerships, and many others to talk about an argumentative trivial. The following links can help bring the discussion to what's important:
You know... I could keep arguing that point or drop it altogether and go search for other stocks that fit the bill perfectly and I know I'll find many. But by doing so, I'd be doing myself and other readers a disservice because by focusing on such trivial issue I'd be distracting them and myself from what's really important: HUMBL.
Because one better stay focused on the important things about such a great company with huge potential represented in a world-class team, global network, working products, an expected super app, reduced pre-split OS, reduced OS enhanced share structure via a healthy RS, acquisitions, agreements and partnerships, just to name a few. Here are some reminders:
There's no other countries app. It's the same app serving everywhere and that's the beauty of it. You get a cross-border payment service. No need to change currency when you travel from country to another. You just keep your mobile phone with you and that all it takes. On top of that, you get social features for the merchants you deal with like ratings.
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He argued it and it's done. But that side discussion should not distract us from the main topic, HUMBL, a great company with a big vision, a world-class team, working products, acquisitions, and yet more to come. That's what's important. You say it's not? No problem, we agree to disagree. That doesn't affect HUMBL much. Posts here are just a small part of a big collective opinion across many other venues and most of them agree to the greatness of HUMBL. That what counts.
Now this is the real nonsense. This is unrelated to what I posted. But you know what, enough with this useless discussion. I'm sure traders and investors on this forum got my point and this is what's important.
Wrong. Indeed one could argue that they were penny stocks, it's a matter of opinion and you can not prevent someone from having a different opinion especially if he has reasoning and rational behind it. For example, here's someone arguing that Amazon, Apple, Ford, and Advanced Micro Devices, among others, were one day penny stocks. And guess what, he's "arguing" it.
Good, please mention more if you find any. But even without examples, that big OTC stock population surely has many good positive examples to include in any sample for objective evaluation, yet for some reason they are overlooked. Even if we are mistaken about our examples and haven't found good positives yet we can search again to find others. The main point holds, there can be great OTC stocks including $TSNPD and this is what's important.
Again, I never said they were penny stocks. I'm not sure what's unclear in "one could argue" as in seeing something in a certain way based on certain aspects. That very statement includes the possibility of being right or wrong. However, this is not the point behind the post, it's a minor issue. And it's good this is your only objection on the points included in the post.
I did not say they ARE penny stocks, I said "One could even argue" that they "were one day penny stocks" in their early beginnings as penny stocks as some opinions liken them in a way or another to penny stocks. However, my post includes other points, it's good that this is your only objection.
There are plenty of examples in the past of non-serious companies that had huge sustained volume and price action for quite awhile
This is an attempt to generalize the negative view based on cherry-picked negative examples while leaving out the positive ones. While in reality the population includes both negative and positive and any objective sample must include both. That didn't happen here, making that claim false.
However, the following statement is the flip side of your statement and it's equally valid and true: There are plenty of examples in the past of SERIOUS companies that had huge sustained volume and price action for quite awhile."
Against the negative examples given, here are other positive ones like TCEHY and SFTBY. One could even argue that Amazon, Apple, Tesla, and Siri were one day penny stocks too, just to name a few.
Eventually the bubble bursts, it always does.
Bubbles do burst, but this is irrelevant to $TSNPD. There's no proof that $TSNPD a bubble to start with, so this is an irrelevant statement. On the other side, there are many companies like the above that started from HUMBL[e] beginnings and have sustained a good uptrend forever, some of which are among the positive examples above with 10+ years.
But I am talking about the company. It continues to act like a stinkie pinkie...and that isn’t serious.
How it acts like a "stinkie pinkie"? By delivering to every promise they made so far? or by having a world-class team from companies like Western Union, MoneyGram, American Express, Visa, Facebook, Microsoft, Epson, and Qualcomm? or by having a CEO who is an expert in the field? or by having released working products while working on more? or by having partnerships and acquisitions? or by being mentioned on Forebes as on of "Rising Startups To Watch With Diverse Founders" (https://www.forbes.com/sites/marenbannon/2020/06/25/rising-startups-to-watch-with-diverse-founders/?sh=425855ae330d)? or by reducing the pre-split outstanding shares and float instead of increasing it? or by performing a healthy 1:4 reverse split to enhance the share structure, not in the thousands like other bad companies do. So how exactly it "continues to act like a stinkie pinkie", please enlighten us.
I like such posts, they give food for thought for performing more DD and sharing it with investors and traders and each time I see more great things. Please keep it coming.
Wrong. That would be correct for typical OTC stocks that trade hundreds or thousands of dollars daily and once in a while trade tens or hundreds of thousands of dollars, maybe a million or two. That blip in dollar volume says nothing about stock seriousness.
In the recent period since December 1st, 2020 till now, $TSNP/$TSNPD has traded in the dollar volume range of minimum of $4.7 million and maximum of $371 million, with an average of $55 million dollars daily (based on HLC price). Yes, $371 million dollars traded in a single day. And that $ volume is not a blip, it has been going over the past couple of months. By the way, this happened with $TSNP/$TSNPD, I want to see what happens when it becomes $HMBL.
So this is not a typical OTC stock to apply typical OTC rules to. I wouldn't even call it OTC. For me, this is a Nasdaq stock with a OTC label (hopefully temporarily).
Traders/investors that moved the share price from $0.0001 all the way up to $1.93 one day (pre-RS), that is 1,930,000% (1.93 million percent), and still paying a lot of money on daily basis must have a strong reason to do so.
It's not about the amount of money itself but about the "wisdom of the crowd" or "collective opinion" behind it that makes so much people share and see the same great thing that makes them willing to give the share price such high value compared to its low beginning. They must be seeing something and I would rather take that crowd's opinion over a person or two saying this company is not serious.
"One only has to look at the many long dead, dark OTC shells trading at ridiculous volumes and prices in the last few months to see that."
First, this is not a "shell" anymore. In case you haven't heard, there was a reverse merger and this is now HUMBL, an existing company with a world-class team, global network, and working products, and more expected to come. Second, we are not discussing "the many long dead, dark OTC shells" here, we are discussing HUMBL. If you have any comments about its business or technologies so far, just mention them. Other than that, this distraction by mentioning other irrelevant companies does not work.
Thank you for giving me a reason to do more DD and have more insight into this great company and stock. Please keep it going.
Traders and investors exchanging an average daily dollar volume of $55 million see a real car and that's what's important. And that's not what the OTC does, it's what a company with a world-class management team, a big vision, disruptive products and service, and delivering to promises does.
Are you sure you don't overlook reality? This is like seeing a car but refusing to believe it because it has a sticker saying "bicycle" so one chooses to believe the sticker instead of the car he sees. HUMBL is what HUMBL is on the ground, in CCs, in PRs, in communications, and in people's minds! I don't care what the "sticker" on their website says and obviously investors too evidenced by an average of 55 million dollars daily transactions since December 1st, 2020 (based on HLC price).
This is useless now. After the CCs, PRs, tweets, coverage and analysis from YouTubers and articles, communication from the management, word of mouth, and all the other buzz out there, the investing and trading community know quite well what is HUMBL. By that, what is really null and void now is the statement you mentioned, even if it's coming from their website. I don't think anyone even cares that it's there.
Moreover, maybe they change it after the app release and actual operation? Who knows.
www.humblpay.com scroll to the bottom and read it. This is their bottom line claim which makes all other beliefs or promises null and void HUMBL, Inc. is not a money services business and does not hold itself out to be such. All money transmission services are being provided exclusively by third parties which are money transmitter[s] licensed and registered under all applicable state and federal laws. HUMBL does not offer money transmission services. All information provided on HUMBL's website and mobile applications is provided in good faith as examples for informational purposes only and is not a representation of money transmissions of any kind, express or implied. The availability of the HUMBL Mobile App, HUMBL Hubs Merchant Software, HUMBL Marketplace and HUMBL Network will vary by state, country, domicile and/or third-party service providers and may change at any time.
From what I gather, that was an already existing app on the app store, found at the URL https://apps.apple.com/us/app/id1503997318 (linked form the above page) which means it passed Apple's approval process, giving it credibility as a "real" app. We don't know how that app looks now.
Seems to me that the company's vision grew much larger at some point that they needed to close the curtains to rebuild the whole system, business and technology, and reflect that in the app then release the monster all at once.
But the most important point is, it seems there's an app.
Regardless of whether shorting will continue or not, what happened yesterday shows that the price has been dropping due to shorting, not real share value based on the company it represents. When that reason stopped (temporarily?), the price went back up, and fast. Daily price fluctuations may be important for traders. Investors need to worry less about that as eventually the real value prevail imo.
Such question should be postponed till after the symbol change, app release, and probably a couple of good news imo. HUMBL is currently in a transitional phase. The current state is not what investors are aiming and holding for. Besides that the current price does not seem to reflect the real value, it is clearly manipulated. Everything needs to be put in order before discussing prices imo.
All that is irrelevant. I don't care about Medbox or any other company. The topic here is HUMBL. The fact that Medbox or any other company failed has zero relation to, and zero effect on HUMBL. If you have any observation on the current state of HUMBL's team, technology, released or announced products, or other business issues just mention it. Anything else related to the future remains just an opinion.
This is amazing, right? Despite what you mentioned, the market currently evaluates the potential and released products so far at $2.8 billion and it reached $6.4 billion at peak. Imagine when the symbol is changed, app launched, and likely more acquisitions happen, how the market will evaluate the company then.
HUMBL is a promising company that includes an amazing team, industry-disrupting products and services, and huge potential. Obviously, for investors, being a non-reporting company has very little weight compared to its huge potential.
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