Respectfully, wrong answer, here is why. In my opinion, it is common sense to know that those preferred shares are not going to be hitting the market anytime soon (or ever) as it was explained how if they did, they would lose control. Common sense tells me that they are not doing all that they are doing to build such a powerhouse to lose control. There are other ways for them to enjoy and benefit from the fruitages of their labor. I think wise investors know this.
Also, even though some choose to ignore, the #1 reason why we all buy a stock which is because of... potential. Nobody buys a stock today if it is already trading where it is worth. That is why it's called... Investing. That would not be investing if anyone did. We buy a stock because of the "potential" value that we believe it will be at one day in the future. Do you think Apple is generating $2.14 Trillion in revenues right now? Do you think Saudi Aramco is generating $2.05 Trillion in revenues right now? Do you think Microsoft is generating $1.61 Trillion in revenues right now? Do you think Amazon is generating $1.56 Trillion in revenues right now? Do you think Google is generating $1.17 Trillion in revenues right now? No, they are not and are not even close, but they trade at such a value based on their Market Cap. I can show you thousands of companies that are trading way higher in Market Cap than the revenues they are generating right now. You should know this. Look, certain rules, logic, and market disciplines I did not make up, but they exist whether we like it or not... believe them or not.
HMBL is expecting to generate revenues from its three core business units: HUMBL Mobile Pay, HUMBL Marketplace and HUMBL Financial. So now the question is...
Does HMBL have the "potential" to generate billions of dollars?
Answer: Yes!
Just from their $4.99 Monthly Subscription alone, HMBL can potentially generate billions of dollars in revenues. And that is with a low factory overhead since everything is basically automated so their Net Profit Margins should be fairly high or at least very much above average. They have access to billions of people not just in the US, but all over the world.
$4.99 x 7,000,000,000 People Potentially = $34,930,000,000 "Potential" Revenues
And that $34.9 Billion "Potential" Revenues is just from one deal and just from one revenue source; HUMBL Financial. So now you got to ask yourself... honestly... Is HMBL genuinely appearing to be doing the things to be able to capture people to what they are offering or bringing to the world for people to use?
Answer: Yes!
Of course, there have been some speed bumps along the way, but so far, they have been doing lots of things to convince the market. Also, of course they are not going to get all 7 billion people to sign up, but a small percentage and adding those from other countries and areas too could "potentially" equate to billions in revenues.
Regardless to what any of us thinks, the market must believe in them because it has gone from .0001 to hitting a high of $1.93 pre-split. Billions of dollars have already traded into HMBL. Regardless to any of the hate, these are facts and how people feel and should be respected even though one's view might be different. Variety is the spice of life!
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