TAP Real Estate Technologies Inc (RWAX)

[jimr1717]

❌ Tuesday Updated DD ❌


HUMBL: Illusions of Grandeur, Collapsing International Deals, And Lurking Dilution




https://hindenburgresearch.com/humbl/

“Our research shows the company has failed to deliver on even the most basic aspects of its business plan, including features it claimed were completed months ago. Six months after going public, its users can’t send or receive money on its “payment” app, let alone engage in low cost, cross-border crypto currency transactions.”

“ We found that international deals announced over the last year – a key source of the company’s perceived legitimacy – never got off the ground or have quietly collapsed behind the scenes.
For example, a partnership announced more than a year ago to bring HUMBL to Africa never got beyond the press release stage, according to an executive at its planned partner.
A landmark $15.6 million deal to sell rights to HUMBL’s business in 15 countries in Oceania, including Australia and Tonga, collapsed. We found the partner for this major planned deal has no presence beyond a local entity filing, and operates out of a small residence.”