Replies to post #99700 on HUMBL Inc (HMBL)

[covidcash]

Good will is from the acquisitions of Tickeri and Monster Creative

[TenKay]

I just figured it out. They actually had $28 million in goodwill in the purchase price of Tickeri and Monster combined and then wrote down $12 million of it to end up at the $16 million in goodwill on the books.

What this means is that out of the gate their accountant forced them to write off $12 million of the purchase price between Tickeri and Monster.

Never seen that before. Why would you pay $28 million for something and then immediately write off almost half of it????

This sure doesn’t look like a set of arms length transactions.