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Re: NoMoDo post# 121147

Saturday, 01/20/2024 12:49:57 PM

Saturday, January 20, 2024 12:49:57 PM

Post# of 122452
Looking at the conversation between you and Surfkast, it looks like you misunderstood what he was saying. You said that Foote is delaying his pay, but Surfkast pointed out that the G&A includes his salary as CEO, which is substantial.

While Foote's actual salary is hidden in GA, I'm inclined to agree that Foote pays himself well now, not in future compensation. Not only does Foote appear to be doing well personally, he can personally purchase items like the Blue NFT for $400,000, which he later donated to Humbl and certainly received a tax break. Was Foote independently wealthy before he started Humbl so he can live well off only his previously accumulated wealth and buy $400k NFTs? If so, he must feel sticking his money into Humbl stock is a poor investment, otherwise he would be doing so. Foote's actions indicate that he doesn't seem to share your belief that Humbl is a rocket.

I also don't see the lack of understanding which you say Surfkast has. Everyone knows that businesses have expenses. I agree with you that those expenses can be substantial. The big question is whether the company creates value in excess of those expenses. Admittedly, it's tough to measure value produced, if any, but after three years, Humbl is still fully entrenched in its role of incinerating cash while the future is still a dream.

Virtually all of Humbl's revenues are from Ixaya and merchandise. It appears the Humbl's various technologies continue to produce goose eggs, not even a noticeable green shoot.
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