HUMBL Inc (HMBL)

[Cinnyricinclus]

Differences of opinion. Obviously people who believe in Humbl believe that the series B preferred shareholders won't sell the common even if they convert. Similarly the people who believe Humbl is overvalued believe that the series B holders will convert them into common and dump as soon as they are able.

In reality it's probably somewhere in between. Likely some will hold and some will sell.

I'll push my opinion again that the best action is to evaluate Humbl's prospects in comparison to it's $4 billion market cap. If you think Humbl will truly shift paradigms, then hold. If not, don't hold.

I'm firmly in the camp that believes that Humbl is wildly overvalued. So far the company doesn't seem to be getting much traction and some portion of the revenues are just Humble-branded merchandize sales to an enthusiastic base of investors. If Humbl were to legitimately increase their revenues by about 1,000 times to get to a reasonable price-to-sales ratio for a growth company, I would re-evaluate my position.

The share price seems so far above reality that it continues to be in the back of my mind that HMBL is some elaborate bear trap.