HUMBL Inc (HMBL)

[Cinnyricinclus]

If you're asking whether Foote is making enough money for Humbl to be a scam, you're approaching the issue the wrong way. Instead, look what he's doing. Three years of constantly changing from one business idea to the next isn't good. Maybe he's shady. Maybe he has bad luck. Maybe he has the intelligence of an anvil. Maybe all three. But since he's personally doing well financially while investors are losing, the answer likely isn't stupidity or bad luck.

As I said, anyone can see the accumulated deficit to see that Humbl's net losses totaled $97 mlllion with Foote. Foote isn't doing shareholders a service and you can decide for yourself the reason. Foote also set up the series B holders nicely, and regular shareholders are bearing that cost as well.

Is it worthwhile to keep paying Foote $300,000 per month to run Humbl?? If he's stupid, maybe he'll eventually learn. If he's scamming then not. If that long run of bad luck keeps happening, also not.

My opinion is that high triple zips are too expensive for Humbl. Humbl has a $10 million market cap, hardly any assets, negative $12 million in book value and couldn't incinerate cash any faster unless Foote literally started burning money in trash barrels. The only value is the hope that Foote will accidentally stumble on a worthwhile business while he's learning from his mistakes.