HUMBL Inc (HMBL)

[samsamsamiam]

The question is whether HUMBL is in great hands with Brad.
It all comes down to what the market thinks it is worth - right?




I found this interesting in their press release - that the market wasn’t giving ZEST a market value they liked - so they are spinning off the individual companies to up their value:

As a diversified holding company, Ecoark’s executive team and Board of Directors are constantly monitoring the Company’s market cap versus our own estimated value of our underlying subsidiaries to assess whether the Company is fairly valued or not as a publicly traded company,” stated Randy May, Chairman and CEO of Ecoark. “Our belief, based on our current market cap, is that the market as a whole is valuing Ecoark almost entirely based on the prospects of our core subsidiary, Zest Labs, Inc. We feel, however, that the recently announced transactions of the divestitures of White River, Agora Digital, and Banner Midstream which are expected to generate approximately $100,000,000 in closing value prior to stock dividends are the most efficient manner for the Company to generate long-term shareholder value. We believe that the holding company model is no longer viable when the sum of all subsidiaries is significantly greater than the Company’s current market cap.”

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The difficulty they were having with their S1 raises a few red flags.