TAP Real Estate Technologies Inc (RWAX)

[NoMoDo]

Start up companies can be a PIA. They always take longer than expected. They always spend too much while trying to find a revenue stream.

I respect Foote for his knowledge in blockchain, but the jury is still out on his ability to run a business. I personally think he himself sees being a CEO as a weakness. I believe he is working on a solution now.

As for the RS, I part with Sharp in thinking it is needed. I told a friend about 6 months ago that the 4 to 1 was way too small and that when they hit 2 billion, they will need to do another one for 5 to 1. 10 to 1 gives me pause - not necessarily a bad thing tho.

Generally, if HMBL is doing a 10 to 1 with 2 billion shares, I would suggest that they are planning a merger or to be acquired soon after. 200 mil shares doesn't provide enough liquidity unless the plan is to be acquired and you need room for new management. I currently own 20k ish shares after selling about 25x that amount as I wait for the RS. I'd be completely out, but the 20k is just in case. On the FORW front, I own a few mil shares as I believe that Sharp will eventually make things good. He is slow but good.

That is my guess.