HMBL - HUMBL - I'm Even More Bearish After The Release Of 2020 Results
- As a result of a reverse takeover deal, a total of 552,522 Series B preferred shares were issued. Each one can be converted into 10,000 common shares.
- Assuming all Series B preferred shares are converted, HUMBL is valued at $16.9 billion as of the time of writing.
- The company aims to challenge the likes of PayPal with barely any investment in development and just $1.8 million of assets as of December.
- Overall, I think the business isn't worth much in its current state and that this one is a sell.
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HUMBL - I'm Even More Bearish After The Release Of 2020 Results