HUMBL Inc (HMBL)

[NoMoDo]

I enjoyed the CC. Of note Foote mentioned that the AFL was officially done. He said that it was a great test run for the ability to go into a pro stadium or concert venue and run operations. This is what I said way before the crap posters were appalled that the AFL was a joke. My first post on AFL compared them to an overrated high school football team. The goal was only to gain real world experience and get their foot in the door for something real. Hard to sell a pro ball team on operations when they never even ran a high school venue - now they have.

Foote didn't mention any dates on the California wallet thing. He did suggest that it was going well. I expected to see a financial deal in June. Maybe hopium, but I am not in any hurry at all. He explained that his system doesn't require a shopping cart, but rather a direct connection though a wallet. The system would stop fraud, verify product (collectibles, permits, house title...) or service (concert ticket). He maintains that HMBL is competing head to head with very large companies at the fraction of the cost. I believe him.

Foote mentioned that they are still cleaning up the balance sheet - eliminating debt. He also said he is doing it as a requirement to get on a real stock exchange. I definitely don't like my ownership diluted, but will take that over uncontrolled debt. Also, I am 90% sure that California would require the balance sheet to be stable before making any deal. I know the federal gov requires it for contractors. I personally believe this is the main reason and could dictate the timetable for going forward in CA and other areas of the country.

As for stock price, Foote admitted that the stock price sucks and that he feels bad about it. I feel bad about it too. He did say that there will be another round of selling stocks - I expected that (don't tell tenkay - let him find out when he searches the OS report), but won't happen for a few months because of the need to audit 2 years again (due to new auditor). He said that there are over 125k(?) shareholders listed but might be as many as 200k shareholders and that he is working toward shareholder value - potentially through M&A. He discussed how he sold the ETX division to a company that HMBL now owns 10% of and it is now a revenue stream. He also mentioned that if it comes down to it, he would consider becoming a part of a much bigger company to get shareholder value - he could sell hmbl to another company if they don't think they could get shareholder value on their own. I am ok with that idea too - I'd settle for .30/share in a stock swap or cash deal. I am not picky.