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Thank you for your screen captures. The outstanding was diluted by 10%. So if one purchased shares eight days ago they whatever slice of the pie then owned is now 10% less.
By all means those that say it is good to get in early are lying as getting in early means you will be diluted more.
This will be the next thing that the Foote misdirection machine throws at investors. Its like Brian Foote saying "Hey investors look over here at this new shiny object I have!" Ignore all the other old shiny objects, (ETX, P2P, Tickeri, etc...)
1. There is no pressure for revenue as the any increase in revenue is erased by a larger increase in general operating costs/expenses.
2. Acquisitions are paid with shares that will be sold.
Can you elaborate? Goes? Goes where? Right now it is a $.12 stock with future downward pressure of dilution. So please explain if you can even.
What's up is the amount of diluting common shares which will continue month after month. Quiet period is a myth.
After a year of being public this company is worthless.
$10.7 million in assets (most of which are goodwill/intangible)
$24.8 million in liabilities ($18.4 million in notes payable/convertible notes)
Liquidate all the assets and you still owe money to note holders!
Total stockholders’ equity (deficit) (16,458,500) - Company is worth more dead than alive.
Proceeds from convertible notes payable $6,700,000 - You can expect more dilution for all of 2022!
Where is the path to profitability? Why is there silence from Foote regarding the results of the quarter/year? What CEO that is taken seriously does not have an opinion on the operating results for a quarter?
Lots of DD here check it out:
https://www.humbllawsuit.com/
Closed at high or near high of day. Bullish for Monday in my opinion.
And remember - volume precedes price!
Navy if you saw a 60,000 share purchase at $0.81 that was me :)
That is hilarious thanks for sharing! When your ardent most loyal supporters no longer want the letters HUMBL in the name of their profile you know the ship is sunk.
You post a comparison to Amazon but at least had sales to and commitment to the model. Amazon sold books primarily early on before branching out to other avenues of revenue. Humbl canned its first product that was generating revenue. All that time in development wasted and Foote doesn't seem to care because you know getting S-1 through SEC is more important the pissing off your customers. Well I guess when he pulls the plug on NFT he won't care either.
I started looking at HMBL when the stock was in the $3.00-$3.25 price range. I never once bought a single share. What seemed like a magical run in hot sector was indeed just that. As the I looked into their ETX products and the app I got turned off as that wasn't worth what the valuation (which was in the billions of dollars range) was worth it. So I watched and waited all the while price was disintegrating day by day. After a period of time the next quarter financials came out. That is when I knew to not walk but run from this company. The company had billion dollar valuation but no where near the assets to back that kind of valuation. In fact at the time I believe I had calculated and posted on this board that the book value per share was $0.10.
My opinion: it looks like a loser forever and so far I think I am right.
When a company can't build a user base of any of its products and keeps moving on to the next best thing that's how you know its a loser.
You do know that a stock can be pumped and dumped by just about group or individuals. Not just CEOs.
Because it was pumped and dumped. The chart clearly indicates that. This ticker will never get back to the prices of its former highs (excluding another reverse split). Next stop is $0.10.
NO FUTURE.
The stock price is at $0.15 after being above $5 (although not for very long). That tells you everything that you need to know. If things were looking great why is the stock price cratering?
Finally I think we can agree on something!
That said I will wait and decide once the revenue and growth kicks in.
I think you aren't understanding what posters mean when they call Humbl a scam. You list stuff that HMBL has accomplished and that is all well and good and true. I think the suggestion when one calls HMBL a scam is that one can give the illusion of trying to build a company all the while enriching oneself in the process. Isn't that why there are so many OTC/Pink companies that put out bogus PRs and ever end up doing anything except having bloated outstanding share counts. What is so special that makes Humbl any different from the companies like TNSP before it that eventually ended at $0.0001 and went dark? Why should a potential investor believe Brian Foote/G. Sharp?
The PPS has been correcting itself all the way from $5+ highs to $.15. Further correction will bring it sub $0.10. Don't worry its comming.
Why would this OTC stock be any different from any other penny stock scam? Forget shorts. If shorting exists and destroyed countless other symbols was the destruction based on the shorting or was it that the company couldn't make any money and dilluted itself into oblivion?
If I had a nickel for every time I heard someone cry shorting some penny stock was to blame for why the price dropped I would be thousands richer.
The track record of OTC penny stocks suggests that HMBL will not make you rich and will do quite the opposite. But I suppose all the pumpers will say that this stock is different/this time it is different and to believe all the hype -- just like the hundreds of other OTC scam stocks.
I did my DD. Did you know that BizSecure is a Sole Proprietorship? HAHAHAHA
https://eochats.tech/san-diego-business/2020005070#location
Again you say no scam but just post spoon fed copy and paste of a PR that Humbl released. What about that PR is reassuring investors that it will actually produce tangible value for shareholders? All we know is Humbl paid $6,800,000 for an undetermined amount of assets and an unknown amount of liabilities. All we know is BizSecure has one USAF contract. We don't know of any other contracts or whether this was a good deal for shareholders. Now its hard to get really excited for a acquisition like this because a lot of information is left out.
And yet you don't discuss or refute any of the problems I have mentioned in my post and just post silly pictures. If this is no scam then please address the problems I have mentioned in my post.
This is a scam company from day one. No one to this day can explain or even attempted to explain why HMBL went public in the way it did. Most companies start up privately grow a little and then gain private investment and grow some more and when the company seems like it is viable in concept launch an IPO raising millions or billions in the process to help fund the growth and development of the company.
Humbl went from obscurity to publicly traded rock star status with no indication of having a viable business, how they will get there and what their projections are for potential investors.
Even with what was a huge deal in the beginning of launching an app and ETX products they never provided any guidance on what were supposed be game changers for the company. No mention of subscription growth or how they would obtain market share in a new but competitive crypto industry.
Now HMBL's initial revenue stream of ETXs is shutdown could that not spell doom on anything else the company is working on? Its a real confidence booster that Humbl went through all the trouble developing a product but never consulted regulators that there might be an issue, but lets keep developing anyway in hopes that the problem never materializes. That's like Tesla developing their EV without consulting NHTSA and then selling it without thinking of any of the ramifications of their actions to their customers.
Humbl, to the letter of the law, may be ok and not doing anything technically illegal but that has not stopped thousands of companies on the OTC from profiting off of unsuspecting investors.
Should take your $0.005 profit now.
Below $0.15 now. Down and down she goes! Where she stops no one knows!
I am thinking this is going below $0.13 by Friday but that is just a guess.
It is possible. And I hope so. This has been a scam since day one. Company has shifted focus so much over the year.
Brian Foote's got lots of ideas just never seems to be able to make any money off them. HMBL talks a lot about ETXs. ETXs come out to not much fanfare. ETXs leave because of poor vision and execution. Shifts focus to Tickeri and then this Monster studio company. NFTs? All shiny little objects to the lemming uneducated investors that buy this crap.
You know how easy it is to spot a scam? All you have to do is look at the execution (or lack thereof) of any of their products/services. Its always forward looking on to the next shiny object!
HMBL will continue to go down. As long as HMBL loses cash quarter after quarter they will have to sell shares to keep operations going. If you are a hardcore gambler you buy now and hope that HMBL's products and services miraculously start selling in droves and they narrow the cash loss gap and sell less shares.
Most of the liabilities is other long term liabilities. So what? Those do come due at some point, right? When I look at this "startup" that pulls in a gross profit of $737,000 a quarter but has total quarterly operating expenses of $12,370,000. Something better change and change fast or this company isn't going to get off the ground...ever.
They burned through $2.8 million is cash last quarter. You can only go so long before that dries up.
Ok want condition would you say a company is in if its assets are less than its liabilities?
How about this data point (as of 9/30 financials):
HMBL assets $20,220,813
HMBL liabilities -$26,038,000
When your assets are less than your liabilities the company is effectively bankrupt or insolvent.
Conclusion
This is the bad situation which a company never wish to face, it can force management to close down the company. The company can file for bankruptcy, liquidate and go out of business. Liquidate mean they are selling the assets to settle the liability, it will not even cover liabilities. It means shareholders will get nothing from the company.
There is no bottom to this stock. Avoid at all costs. I posted way back when this was over $1.50 that based on the book value this company was worth $0.01 a share. It seems like it will get there in a few more weeks at this rate.
Why are there no press releases with sales numbers and talks of profits or projections? The company would bring great value to their shareholders if they mentioned about how many ETX subscribers they have gained on a monthly basis. Or about how much increased revenue they anticipate on a fiscal basis. But we get nothing about projections as though they seem incapable of figuring out or don't have a plan or even worse don't even care because they know there is any good news on that front.
No guidance = no good.
Nope still in OTC pinks with zero chance of not being a pink any time soon.
You claim you want them to burn through cash with acquisitions and payroll etc... but what cash did they raise to do all that?
Please tell me how much cash they raised since going public via a merger with a defunct shell?
Funny that the news of these great additions to the Humbl team does zero to help the stock. In fact it is dropping faster. Maybe they should stop getting help from these great advisers.
Humbl is a scam where money goes to die. This is not a real company and does not operate like one. The more Humbl executes their business "plan" the more the stock price drops. Classic pump and dump. Those saying otherwise bought in at .0001 - .0004 range and will offer how Humbl made them a lot of money. Maybe it did maybe it didn't but the facts are you buy now you will regret it.
I dunno some rave on here like it is the best thing. Maybe if Humbl had some money to develop it they could put out a better product with better updates? Oh wait Humbl didn't raise any money because the company had all that it needs to startup in a billion dollar industry.
This is a startup. Right. I forgot why didn't they raise capital again if they are a startup?
Its like hey we have this really awesome idea for crypto/NFT/P2P! Why don't we forget raising money privately for our awesome idea and go straight to being a public traded company by taking over a defunct shell. I mean who wants to be like Facebook and build a business by raising millions and millions before going public?
SPACs? SPACs are for fools! No HMBL doesn't need to raise money that way either.
Nah all those stupid CEOs that raised millions of dollars to help really grow and build a business -- they don't know squat. Robinhood? What crappy run company launching an IPO and raising $1 billion. They have an app and so does Humbl and they did it without all those dollars! Man, I mean their app sucks compared to Humbl's and it cost so much more to make.
Brian Foote, man he can really run and manage Humbl well. When Humbl started trading with symbol HMBL the stock was above $4! But with Mr. Foote astute business sense the stock now trades at $0.89. That is a true leader in my opinion.
Really the Bank of Future? So like when this bank goes under will your crypto be FDIC insured?
Judges Lourie, Prost, & O'Malley are in the description in the link.
It is not sounding very favorable. The judges are hammering the lawyers that have all spoken so far.
I will say it. This isn't going very well and this case is toast.
Good question. It never goes up because there are too many sellers tired of holding the bag watching their money erode away. The only positive thing a poster will say is how great the investment did in one year because it went up some crazy percentage but it was mainly a pump and dump but only they will say that because they bought in early.
Let's face it no one in their right mind would by this stock after run up like that. That is why the cult of Humbl continues to cry "news!" when there isn't really anything significant going on with the company.