HUMBL Inc (HMBL)

[NoMoDo]

The company announced the Preferred B shares within a day or 3 of the RS. My opinion was that Gorda, a former founder started dumping heavily as part of the Pref B shares. That tied to the RS news caused a mass run. Then we lost the crypto exchange because the SEC threatened the company. Then the SEC held up the S1 for a full year - making it very difficult to get things going. Gorda has continued to sell all along.

As for the outstanding growing, most of those shares were from acquisitions. Gorda is likely responsible for about a third of the growth. The difference would be employee/"consultant" stock compensation and financing. I don't care about the acquisition shares. The employee shares are better than debt, but the CEO has been pretty loose with his give away shares. Rumors suggest that he gave sports stars and performing artists free shares like candy - in hopes of gettting name recognition. I am thinking that was a waste and major dilution.