PYPL - HUMBL Closes Another Humbling Quarter And I Remain Bearish
- In Q2 2021, the company booked revenues of $0.23 million, and the net loss stood at $21.2 million following an impairment on two recent acquisitions.
- Looking at the pro-forma financials, Tickeri and Monster Creative had combined revenues of less than $1 million in H1 2021.
- Retail investor interest seems to be fading, but assuming all Series B preferred shares are converted, HUMBL is still valued at $5.19 billion as of the time of writing.
- I continue to think the business isn't worth much in its current state and that this one is a sell.
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HUMBL Closes Another Humbling Quarter And I Remain Bearish