Replies to post #119524 on HUMBL Inc (HMBL)

[NoMoDo]

No. So in reality, they paid 9.2mil shares that cost the company nothing but dilution. In reality, it cost the shareholders $13,000 if they were able to sell those shares today - which they can't.

So in effect they paid $10 million in equity to learn how to digitize tickets…

This is a weird comment. They did their own concert recently and I am guessing they paid for it. Stock price trajectory is what it is and often has little to do with what the company is doing. For example, the price went up 326,000% at one time without even a product - just an idea. The stock fell almost to it's original value (well about double it's original value based on manipulation, Preferred B conversion, and a ton of Equity financing - convertible debt).

.and that has not added one cent to company value as witnessed by the stock price trajectory since then.

Recently the stock went up 400%. Surely the company didn't increase it's value by 400% that week.