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Wow your argument is so convincing. I mean if every CEO took "care of business" stocks would never go down and companies never go bankrupt. But we don't live in magical fairytale land. CEO's do get it wrong and are fallible and can run a company into the ground rather quickly.
I just watched the CNBC clip again where Foote talks about Nasdaq as part the path. How will Humnl get there now? The advisor disagreed with Foote and resigned. The advisor who got Humbl on the path thus far now states the ship has to be righted with the addition of administrative expertise. The former advisor seems to think that Mr. Foote doesn't have the expertise now does he?
Only if the knowledge expertise being provided was/isn't worth cost. It seems that the advisor was doing a great job if you look at past share price performance. Humbl/Foote is to be blamed for the decline in share price.
So a company goes out and hires an advisor and then the advisor claims that some decisions the company made the advisor didn't agree with. Humbl/Foote have to be stupid to pay money to an advisor and then reject the advice provided. If you think you know more than him why did you hire him in the first place?!?
His job was to advise Humbl (formerly Tesoro) on its strategy to increase shareholder value. Guess they are no longer interested in creating shareholder value? That is evident as the price drops weekly and will continue to do so.
The volume on the red days is more than twice that of the green days. It would be better to have a green day with more volume than yesterday but I don't think that is going to happen.
Date Open High Low Close Volume
May 14, 2021 0.8700 1.0700 0.8700 1.0000 8,612,073
May 13, 2021 1.0200 1.0500 0.8202 0.8625 23,787,276
May 12, 2021 1.0500 1.1200 1.0100 1.0550 7,891,685
May 11, 2021 1.1100 1.1500 0.9600 1.0550 19,658,886
May 10, 2021 1.4200 1.4250 1.1900 1.2000 18,375,678
I am expecting one opinion released from the November sitting:
Borden v US
or
Fulton v City of Philadelphia.
and one from December or January:
Edwards v Vannoy (Dec)
or
Johnson v Guzman Chavez (Jan)
If we get a third that is bonus but I am not expecting it.
Clearly they do! The price has tanked to below a buck and no recovery is in sight.
Considering its a billion dollar company how come they can't afford a PR or investor relations person?
You are absolutely right. I don't fully understand blockchain technology and NFTs. I don't like bitcoin. I do own some Ripple (XRP) that I bought for about $20 about 2 years ago but it stuck in my account I can't do anything with it.
I am trying to learn and get excited but to me its very complicated. Maybe Humbl will revolutionize all that and if they do - GREAT! but until then I remain skeptical.
I don't see the potential with this company. I look at the balance sheet and wonder why it is worth about a billion dollars. This is so over priced. Still waiting for those Q1 numbers...
I noticed that some have already conceded Q1 financials are not going to be good/great. They are now posting about Q2. If that is the case then this is dead money until around August. There are better uses to put your money than this stock because Q1 isn't going to show any real revenues and not going to wow us in any meaningful way.
The tread right now is not your friend.
If Humbl uploads the next quarterly financials that will be the real tell if this company is going anywhere. It will be all out there for everyone to see. Cash on hand, assets, and revenues.
I hope they post and they post without delay. Because it will be a real eyeopener to see if the valuation of this company matches the financials.
Earnings tomorrow! Street is thinking a loss of $0.14 a share.
https://theenterpriseleader.com/2021/05/08/zacks-brokerages-expect-carlotz-inc-nasdaqlotz-will-announce-earnings-of-0-14-per-share.html
The fact that todays SCOTUS ruling was against the government and the ruling was centered around the actual wording of a single word ("a") maybe bodes well as to how justices will rule into the Collins vs Yellen?
The fact that Humbl can't raise money in any non-dilutive form tells me that the company is overvalued at $1 billion market cap.
That's a lot of stock to issue if your stock is valued at under $2.00.
What money does Humbl have for acquisitions? Can't really buy much with $1.7 million. Also doesn't seem strange that a startup company in its infancy is already looking at acquisitions? Like can't humbl just work on producing their own revenue streams and products? Its not like the company has a lot to show for itself already.
Just about everything I checked today is green. Even bitcoin and other cryptos. This is red. Not looking good for team Humbl.
Humbl doesn't have millions for advertising and others expenses. Cash on hand is currently ~$1.7 million. Can't really do much with that kind of money.
Guess that just leaves them with scamming people.
No thanks I will pass for now. I don't feel like I am missing out based on drops from $3.00+ to $1.65. This thing has run its course for now. Only confirmed financial information can send this back to previous highs. I don't expect any new financial information for awhile.
Ok Humbl was just born. Now what? You have said it yourself that nobody has heard of this thing yet. How do they make a name for themselves? They have no money for any kind of real marketing campaign.
I can't argue with you that it has had a good run. The stock has treated all the sub-penny buyers and holders very well. No doubt. But all stocks don't go straight up forever and for me the stock needs a bigger catalyst to be at current prices. Even I almost bought the stock in the high $2.00s not long ago but as I delved deeper into company I didn't like what I saw.
The Humbl story is a very compelling one but its a shame I didn't notice it when it was still TNSP. Sadly for many I believe this will only drift back down over time. There will be pops that you can play for the flip but that's about it.
For the sake of all invested here I would love to be wrong.
Tesla produced 500,000 automobiles that sold anywhere from $37k to over $100k in a year. They have verified sales and real assets like factories. They make headlines about their sales growth.
Humbl has little to no assets even for a company that deals in digital payments. Humbl can only claim subscriptions right now worth $5 a month. If they shed any light on those subscriptions I would be impressed.
Humbl is riddled with nothing but question marks right now and is valued ridiculously high. No one has ever provided a serious discussion on why they value it so high or ever even justified it. It just can't be done.
You can debate with me all you want but when you have Humbl with a market cap at around $2 billion dollars and the financials show cash equivalents of $1.7 million and total assets of $1.8 million there is clearly something wrong with this picture.
How can this company be expected to grow into a giant titan of the digital payments/finance industry without the capital to do so? How will anyone learn of its wonderful app? How can they even advertise with so little? How can they even acquire Tickeri as they planned on doing in Q1?
If Humbl had gone a more traditional route of doing an IPO they might of raised some money to actually build a business, but no money was raised in the reverse merger. A very strange business decision if you ask me.
You want me to move on because you know I am right and you can't refute it with any sort of numbers to back it up. I have my numbers - where are yours?
I concur with your opinion. Only news I would care about at this point is in the form of revenues/growth. Sadly I don't think we will ever see much in the form of numbers in the near term. This will not get back to recent highs until this happens.
I base all of this on the fact that the only financial statements we have available do not indicate that the stock price should even be trading at where it is today. Even with pie in the sky projections and those would have to be our own projections as the company has provided no guidance, the stock is astronomically overvalued at current prices.
The market cap is in the billions and the only financial information we have from the last financial statement is there are roughly like $1.8 million in assets. The numbers don't agree for a stock price as high as it is right now. Yes there is a lot of money in the stock speculating but it is all guesswork and frankly just hype, smoke and mirrors.
The cheerleaders on this board do not present any facts in the form of quantitative analysis.
Stock will get crushed with our without the preferred structure. In order for this stock to be worth anything the company has to demonstrate value or at least future value. You can't put a billion dollar valuation if you don't have mass market appeal and adoption. We know very little about how much demand there is for any of their products. We only know what the crappy "road map" gives us which is little. The financial condition of the company is still a big question mark other than what the last released financials state which is Humbl has about $1.7 million in assets.
Everyone wants to say this is the next big thing before it has even got off the ground and I think that is dangerous and irresponsible at this stage. This is a highly speculative play that is only worth flipping as nothing I have seen demonstrates a value that the company is at currently.
Most posters only talk about stuff "like to da moon." You notice they don't but any real facts behind how or why this will get there. They talk technical analysis but with no real business sense as to why it should be valued at a certain target price.
Really all I see are is a bunch a pumpers saying this going back $3.00+ with their only reason that it got their before which isn't a very good reason.
In reviewing the SCOTUS opinions released today I would note that the Jones vs Mississippi case was the from the November sitting and had 6-3 decision.
and was the most controversial and news worthy of the three. The other two cases released were argued after Collins and were unanimous decisions which I speculate was like picking the low hanging fruit in the work left to do that still is before the court. No pause for concern yet.
Compare Humbl's "Road Map" to any new real investors presentation that you can find on a company's investor's relations page. I posted two below just as examples (of many many out there) but you can see a clear difference in the presentations these companies provide for their investors vs the "road map" that Humbl provides.
Why is it that Humbl can't provide information for their investors? After all this is a "billion dollar" company (market cap wise) that should have more than just a mom and pop presentation. - Gotta love the random Humbl studios and merc page that has a bunch of shirts and hats. I guess that means they want to be in the clothing business in their road map lol
Gold Nugget Online Gaming
https://static1.squarespace.com/static/5f19ec57c63ba44453146f83/t/5fd418fcc4373837b9d4c8ab/1607735552598/GNOG+IP_vTW_%286.28.2020%29_v1815.pdf
Desktop Metal
https://www.desktopmetal.com/uploads/Desktop-Metal-Investor-Presentation.pdf
I think the fix is in a favorable SCOTUS opinion for shareholders. Why? Because Mark Calabria started opening his mouth again. It is not coincidence that he is talking PSPA amendments and the like so close to the SCOTUS ruling. Expect more coming from him in the next few weeks but no decision as he has to get his "message" out there.
If you loved watching it you can watch the sequel tomorrow when it touches more lows again.
Wow its another all star day for HMBL. I mean after down 36% the day before it still finds a way to drop another 18%! That's awesome results for the "we're golden" double down boys.
Still over priced because the book value is only $0.0016 but don't let real numbers and facts get in the way of a real bottom floor investment opportunity of a lifetime.
So after the double down what comes next? Triple down? Quadruple down?
Golden at $1.65? I guess you are a good predictor of the opposite.
Did you really double down? I doubt it.
I totally get what you are stating but if you saw in another post I wrote that if you took the equivalent of Humbl's valuation and applied the same ratio to Tesla then Tesla's stock price would be $75,000.
Even if you have the best intentions with Humbl its valuation is rather outlandish don't you think?
I could even understand the company just starting out at $50-$100 million but to have come from out of nowhere with a $2+ billion dollar market cap is a little insane and a very very risky speculative investment especially when little is known about subscribership and revenues.
I would say maybe a good entry point is 10x the book value or around 2 cents a share and I would say that is being generous. Even if new financials come out for Q1 it still would not justify the current market cap nor would it have much if any impact on book value when there are nearly a billion shares outstanding.
I will happily say I was wrong if and when the financials support a better picture of the financial health of company but for now the valuation is way out of whack.
Again feel to buy all the shares you can at current prices. I hope you do well with them.
The market cap is $2,537,839,450 but the assets backing that are only $1,805,000.
To put it in perspective using the same ratio that is like Tesla having a current market cap of $72.8 trillion or a stock price of $75,000 and current assets $52 billion (from current 10K) backing that market cap.
Really? You golden at paying $1.65 a share for a company that only has a book value of $0.0016? By all means continue to buy. Until revenues are booked in any meaningful amount or subscription numbers are released I wouldn't touch this stock.
Really? Then do tell what is the current book value per share?
Book value per share = $0.0016 ($1,560,000 stockholders equity/974,218,599 shares outstanding)
That is not counting the preferred shares which are debatable and as far I am concerned need not even factor in because that book value is already absurd.
Really people are paying $1.65 for a book value of $0.0016?
HAHAHAHAHAHAHAHA
You guys can debate preferred stock all you want but at the end of the day it comes down to this:
12/31/2020 - Financials
Cash and Cash Equivalents: 1,720,000
Net Income: (723,000)
Total Cash Flow From Operating Activities: (851,000)
If the burn rate continues at this rate they got only a few (3 or less) more months before they HAVE to raise money.
It is nearly laughable that a company worth billions in market cap has only $1,805,000 in current assets backing that value.
Not sure if this idea has been presented before but I will share my thoughts anyway:
Currently SCOTUS has been releasing opinions at 10:00am typically on Thursdays but could very well be on any day of the week. Usually material news is best released before or after the market close. Trading is going to be very volatile (to say the least) at the release of this opinion.
Is it possible that trading would be halted on the release of the opinion?
More importantly with more and more states having restrictions removed or eased to 100% capacity is it likely that SCOTUS will change the restrictions of the online posting of opinions and go back to the traditional method of in person opinions by June? Could such a change then alter the schedule of when the opinion could be released to after market hours?
So really the HMBL price drop is all about a poor CEO appearance and short selling/manipulation and nothing to do with the fact that HUMBL just announced $50 million equity financing agreement and Bridge Note?
I have a feeling that announcement scared a whole heck of a lot investors out. Equity financing, dilution, call it what you want but it always has the same effect on pink sheet company.