I find it very interesting that a moderator for the $HMBL board can get away with using the middle finger to a user when faced with an alternative stance on the company.
That being said, the claim that Brian Foote’s partners, friends, and family “pocketed over $50 million” while common stock lost 99.9% of its value is not only misleading, it’s a deliberate misrepresentation of both the facts and the realities of early-stage, high-risk ventures.
First, equating the movement of capital through early business partnerships and strategic financing with “insider enrichment” is both irresponsible and inaccurate. HUMBL, like many emerging companies in the fintech and blockchain space, raised capital through legally compliant mechanisms, primarily via convertible notes, private placements, and equity offerings that were disclosed and available for review in public filings. Many of these early investors took on substantial risk in a speculative market and remain aligned with the long-term vision of the company, with holdings subject to lockups and restrictions.
Second, the collapse in the stock price is the result of broader macroeconomic pressures, the speculative nature of the OTC market, and the volatility inherent in the digital asset space, not an orchestrated enrichment scheme. Nearly every company in the Web3 space faced substantial drawdowns over the past two years. To suggest that the stock’s performance is solely or primarily due to “insider looting” is an intellectually lazy assertion that ignores market realities.
Finally, Brian Foote, has repeatedly reinvested time, effort, and capital into the platform, often at personal expense without converting or selling a single share, again well documented.
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