Replies to post #115687 on HUMBL Inc (HMBL)

[havnagoodtime]

You would know better than me, but didn't HUMBL have an agreement that they would owe Tickeri and Monster acquisitions roughly $10,000,000 by the end of this year? Is that why this new round of funding is needed -- like right now?

[The_Truth_NL]

Humbl had no cash before they went public, reversing into TSNP. I would think someone who posts with such conviction would know that there are only 3 reasons to go public: to raise funds to grow your business, or to cash out while still retaining control, or to cash out and relinquish control.
You don’t go public because you have enough money, or because you want the glory, or whatever other silly reason you may have in your mind. Mainly because it’s a very expensive addition to a business, with the added accounting, audits, legal fees, filing fees, annual fees, etc etc.
What you call toxic, is the reason you go public. You can now get the money you need, when you need it, even when conditions are poor, to continue moving forward.

So again - to those who said Humbl would be broke by end of year: $20 million accessible at Humbl’s choice or time and amounts, seems to many of us that they got this under control.

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