Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If the outstanding increasing doesn't dumping by Pref B conversion then why is the share price declining day after day? If it is retail selling that is even worse because at least one could have said that the core holders are holding strong but it doesn't look like that at all.
So that's $3 million more being converted into shares of stock further diluting current share owners. The smart investors should not buy a single share today because according to what you stated the debt come due at the end of this year. So why buy now when your piece of the pie will shrink by $3 million or ~50,000,000 shares?
Your goal is an ever moving goal post. Please let us all know when you get there.
I don't think the claims are false and judging by the fall in stock price the market doesn't think the claims are false either. If it was simply a fabricated short attack then the price would fall followed up by a rebound at some point once the market realizes that the claim are false.
Really because when the Hindenburg Research piece came out the price was way higher than today and if it was full of holes shouldn't have the price recovered in some way shape or form? But low and behold HMBL trades at 8 or 9 cents and still. If the none of these attacks had any merit then surely you would agree the price would be about $0.50 right now.
Here is a link:
https://www.humbllawsuit.com/
I agree with Raging Bitterman that these oral arguments went much better than the last GSE debacle I listened to. The highlight of the argument and best part for me was when one judge (don't know name) in a way (I am paraphrasing based on memory here) stated that what is the point of having confirmation hearings for political position appointments if one can circumvent the process by way of your (defendant's) logic. I agree also that the arguments by the defendant were fringe on the issues and after listening I thought it went very well for the plaintiffs.
Oh I almost forgot one big point I did not like was that the plaintiffs lawyer basically conceded 80% of the company to the FHFA/Treasury and stated so near the end in his rebuttal time to the defendants.
I just looked at the new Search3.com search engine. This anything but useful. I tried searching a number of random topics such as historical figures and most of the time I get a one entry result that links to wikipedia. This reminds me a lot of those annoying malware/spyware browser hijacks that redirect all your search results. What is the benefit of using this over DuckDuckGo, Google, or Bing? This should not have been released in its current form. When a user stumbles across this they will write it off immediately and never return. Great way to attract users!
#EpicHumblFail
Wow, HMBL is up a whole $.001 right now! The hype of Search3 can't be contained and the buying pressure is just surging from all the excitement. Look at the whopping 1.4 million in volume already.
Days away from the premier launch of Search3 and the stock price has zero interest. That tells me that the news is already priced in.
You would think that the stock price would appreciate in value with all the hype that is being generated about this new search engine, but sadly this will be another non-event like many others.
Where are the buyers who would be "smart" to buy before the news on the 31st? I thought it was buy on the rumor sell on the news but with Humbl its just sell every day and sell more on the news days.
Ok Apple in its infancy had one product a personal computer. Tesla had one product an electric automobile. Both Apple and Tesla were successful with their early products at least staying true to them. What is Humbl's successful product? What will it be? It wasn't ETXs. I don't see it being NFTs. Now it could be Search3 but how or where will they make their money from it? No one, not even Foote has described how Humbl will make its money.
I think we are in agreement that the comparison to Apple beyond absurd! You are right Humbl isn't close to anything right now so wait 5 years!
See there is that investor that provided capital and credit line. Humbl didn't get any private investment before going public. After going public no money either and no credit. The only thing that Humbl has are convertible notes payable.
And I can agree that things are happening at Humbl but not right now it isn't outpacing the dilution that is occurring. Until revenues reach 10s of millions and have a gross profit that is close to breakeven. I will remain on the sidelines.
And Apple was the smarter for taking longer because they built and grew the business before needing a great influx of investment dollars to take it to the next level. Humbl just went straight public with out even raising a dime by doing so.
I would say that is a disastrous approach to grow a business. They have no money to grow and need to dilute current shareholders just to pay the regular expenses.
I don't think anyone is panicking. Its up on a 3.5 million volume which is a drop in the bucket all things considered.
Really Apple loses money? Paypal loses money? I don't think so. They make enough to not have to dilute share holders millions of shares every month.
Humbl's revenue is climbing but the losses/expenses are growing at a faster rate.
All my calculations presume a $0.09 share price. The numbers obviously get worse if the price per share decreases.
Another way to put the approximate 14,600,000 shares per month is in terms of dilution per trading day. Each day roughly 700,000 would need to be sold just to keep financing the operation (ie keep the company running). Depending on the volume that day it could equate to high percentage.
In terms of dollars just to see a net increase in share price you have to find buyers to buy $60,000-63,000 worth on a daily (trading day) basis.
Gross profit of $626,164 against G&A expenses of $2,598,595 and professional fees of $981,138 and development costs $1,263,992.
So the real question comes down to this:
Can Humbl get their gross profit to ever be greater than those specific fees, costs and expenses?
As long as the answer is no. Dilution will occur each and every quarter as has occurred in recent quarters.
Humbl has been raising cash through related party notes payable.
Look at this gem of statement!
You post this like it is a good thing? This proves they continue to change focus because they can't execute in a meaningful way with respect any product launched. They have essentially abandoned the interest of any consumer products. No talk of promotion, growth or development for the HUMBL Consumer division. No It will be just another chapter of the Humbl history that will collect dust.
You beat me to it. Looks like they got sued and decided to settle by paying. Kudos to Brian Foote and his business savviness get sued and cost the company over a million dollars. You bet it was probably paid in shares that were sold to "Foote" the bill.
Can only expect more losses and that means more dilution!
Well one could have bought shares at $1.00, $0.80, $0.50, $0.20, a month ago at $0.11. Last week at $0.10, yesterday at $0.09 and today at $0.08.
If you are thinking about buying just keep waiting. The price seems to get better and better as time goes on. I bet if you keeping waiting long enough the price will get to $0.01.
Given the fact that it won't get to that price ever again (barring a reverse split). Is there a price you would sell at to cut your losses?
Because the price only ever seems to go down for the stock from here on out.
In all seriousness can you please answer this question. Is there a price at which point you would say that you would not buy Humbl at?
So your view point is: It's not Brian's fault. It's not my (Jahvik's) fault but hey everyone keep buying HMBL while they issue shares to pay the bills because it is a really good deal all the way down to $0.0001.
At $0.10 a share I believe the price is more inline. The company is not profitable and has not even given a glimpse let alone guidance on when to expect profitability. Without profitability how are employees and bills paid to keep operations running? Convertible notes? Registering shares via S-1? All options will keep downward pressure on the stock. Only real income via sales will shift the sentiment of this stock. They can promote all the Search 3 they want. They can post BAYC apes all over twitter but if these don't translate into real revenues that can pay the bills and employees then shareholders are the ones who will pay in the end.
You mention some politicians and say what Humbl is doing is better but can't say exactly what it is that they are doing that is better??! At least Crypto.co, is already known in the stadium with a well known entity already accepting payment. That's far better than what Humbl is doing.
If it is true that Humbl is doing something far bigger, better and more exciting than Crypto.com then why is the price at $.10? It is because the big players in the market, the Morgan Stanley, Goldmen Sacks, JP Chase etc... those that have real money to pursue real opportunities in startups like Humbl don't think Humbl is all that worthy for their investment dollars. If the big guys won't buy why the hell should the small retail guy?!?
I thought startups were supposed to produce better valuation as time goes on? Why is it that doesn't seem to be the case here? The share price of Humbl was far better before they did anything. It seems the more Humbl does the more the price craters!
Agreed the market price means that company has a value but I would say it is speculative at best when there is negative book value. The company is trying to dig itself out of hole it should have never been in the first place. If Humbl was going to be the next force to be reckoned like it was hyped up to be then private equity would have been throwing money at it from all directions. Instead of raising a boat load of capital from an IPO Humbl raised $0 when it went public. Now it has to sell more and more shares at lower and lower prices just to pay the bills and keep the lights on.
Put simply the revenue and products Humbl puts out don't add enough value on the balance sheet. Still negative book value. al19 originally mentioned in the S-1 discussion about valuation. Well in terms of valuation at $0.10 a share it is still a speculative valuation because the reality is the shares do not have the assets to back that price per share because of the negative book value.
The pumpers on pump on hope, dreams and fairy tales because they have nothing else to offer in real terms of valuation.
You are correct because how can you explain the valuation of a company that has negative shareholder equity? Answer: the valuation is zero or less than zero meaning the shares are worthless. The only reason the stock has a value is the perception that somehow the company will grow and the assets with it in valuation. But when the share price has plummeted to $.10 from over a dollar and revenues are near non-existent it is hard for any intelligent investor to believe in this perception.
Please read what I posted again and I will attempt to clarify further. The company (Humbl) is filing the S-1 that is registering shares to be sold. I don't give a flying f*** what those that acquire them after they have been registered and sold by Humbl. The fact is if one owns a percentage of the company before the S-1 their total ownership is now less than it was pre-S1. This will happen the minute the S-1 is approved and the shares are delivered.
So I guess if the company keeps selling shares that is good thing to you and current holders? How much of your ownership slice would you have to lose before you would say this isn't a good thing?
Plain and simple the S-1 is registering shares to be sold. Effectively it dilutes all pre-S-1 shareholders. Give me one good reason why a perspective investor would want to buy shares now before these shares become effective because I can't come up with one.
If you want to buy more shares you are better off waiting for the S-1 and then purchasing or face having your percentage of holdings in the company shrink.
That's what you get with Humbl -- an ever moving target of what the company does or wants to do and the best part is they don't do any of them well or at all. First ETXs, next Merchants/P2P then NFTs and now Web3. They should change the company name to Chameleon.
If you bothered to read the article the owner is well known celebrity chef - Matthew Kenney and owns 25 restaurants worldwide (at the time of the article). I doubt a celeb chef is going to retire on what ever was offered if he was even offered anything.
That doesn't make sense. Why would the owner close down their restaurant because of a domain name? The owner could have kept the restaurant open still serving all their delicious food to the local patrons. It takes hard work build a restaurant business and even more so during a pandemic. No sane owner would need to close down the business when all that is needed is just new domain name.
Foote is desperate alright. Acquiring a domain name is pivotal?
HUMBL CEO, Brian Foote. “Having the HUMBL domain name is a pivotal step forward in that journey.”
Going from humblpay.com to humbl.com was so crucial for the path forward. I guess we can all expect higher revenues now! HAHAHAHAHA
Humbl app still as useless and worthless as ever. Company is going nowhere. If you believe in the company by all means buy all that you can so you can watch your money slowly disappear.