HUMBL Inc (HMBL)

[TenKay]

I never said they sold them for a “milly”.

I was referring to what the equity value was at the time of issuance.

If the argument is that they are essentially worth nothing now…that is entirely correct.

But I find it somewhat ironic that the precipitous fall in the stock price is argued to somehow mitigate the cost of the acquisition.

They issued $10 million in stock at that time. It shows up on the share accounting and diluted the existing shares holders to that amount in 2021.

So in effect they paid $10 million in equity to learn how to digitize tickets….and that has not added one cent to company value as witnessed by the stock price trajectory since then.