HUMBL Inc (HMBL)

[Cinnyricinclus]

I should have specified as fully diluted. Once fully diluted with currently outstanding derivatives, there should be just under 7 billion shares outstanding. There will be about 5.6 billion new shares once the series B shares are converted and about 250 million new shares once the warrants with a $0.20 strike price have been converted. Although I believe some of the warrants have already been exercised.

With 7 billion shares outstanding on a fully diluted basis, it's a market cap of about $3 billion.

Currently there are under a billion shares but valuation needs to look forward. Calculating the market cap on a non-diluted basis is obviously a useless calculation.