TAP Real Estate Technologies Inc (RWAX)

[Chronic The Hemp Hog]

Look at this gem of statement!

The actual monthly cash burn of the Company is approximately $1,311,000 per month at this time and as our core products come online, this is likely to decrease as much of this is directly related to the in-house and outsourced technology team. As a result of the operating losses and working capital deficit, management has determined that there is substantial doubt about the Company’s ability to continue as a going concern.

At best that $1,311,000 cash burn could translate to 15,000,000 shares that will be diluted per month for the next few months with a gradual decline. That would keep a downward pressure on the stock.
At worst Humbl files for bankruptcy as even management has doubt about its ability to continue to operate.

Can't remember who posted it but there was this constant reminder to remember that Humbl is just a startup and will take a few years to get off the ground running.
I don't know of many startups that start off already with a going concern statement in the quarterly reports. Usually, startups start up with a bunch of cash and slowly burn through it until they can't raise more and then have to start including the going concern verbiage in the reports. Humbl skipped right to the end game lol.