HMBL started a joint venture where the risk and liabilities are within WSCG, not HMBL. The joint venture partnered at least 4 rich guys and Foote. HMBL as the patent and tech holder, but being cash poor, gets 27.5% of the company. The value of WSCG before the deal was $17mil. The guys with money and business expertise agreed to kick in $45mil in real estate which brings At HUMBL's 27.5%, HMBL's share is $17mil. That is over 400% the value of HMBL before the deal. In addition, the value of the assets HMBL placed into this new company, likely meets or exceeds the $62mil that WSCG brought to the table. At even 50bil shares OS (now currently $40bil), that adds .0007/share to our value. That doesn't include the value YBYRA adds. I expect the $20mil in inventory to be resolved this week. That would add another .0005 for a total of over .001/share. All that is strictly asset valuation for a company whose market cap was $4mil at the end of November before the deal. When the company starts making money, the stock will do very well as profit potential brings multiples to the valuation.
And as HMBL is a one third owner in WSCG, it is appropriate to discuss their actions here. And encouraged.
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