HUMBL Inc (HMBL)

[NoMoDo]

You rode a stock up 328,000% and then rode it all the way down again? Seriously? Wow. That is Foote's fault for sure. I'd be mad too, but just not a Foote.

The biggest problem with the company now is the share structure. That means that they will need to do a RS. That's bad, right? Well, no. It isn't. Under the right circumstances.

Foote will need to start breaking even or making a profit. With 15bil shares (really only 13 now, but give it time), a profit will do very little for the share price. If however, once they have even a small profit - or hell, a small loss with a promise of making a profit (where they are now), a RS would bring the share structure into acceptable ranges where a small profit benefits shareholders.

Imagine this company with 750mil shares, 10k in preferred b shares (convertible to 1mil common), and a product that California is beta testing and Utah has shown interest in. The stock price could jump 1000% overnight.

If they did a RS without any expectation of income, the stock would likely find it's way back to current prices.