re: HMBL/FORW - anyone still in and/or buying this dip? Both down 85% from their Feb highs

Some of the more interesting items from the financial statements.

Auditor: BF Borgers CPA PC Last Review Their last review by their regulator reviewed 7 audits and found only 7 of them to be deficient lol Cream of the crop!

Cash $1.7 million is the real asset on the books. No capitalized costs related to the technology (assuming commmercial feasibility it should have some). Dvelopment costs in the P&L are under $100K a year (how do you develop multi billion dollar apps for no money)?

And the cash includes $800K received for 500 million warrants @ $.20 (Sharp warrants). Less then 1 million for the right to convert into an amount equal to 50% of the O/S stock at year end. Comical to argue it is worth hundreds of millions. Oh and the $.20 is post stock split - nice.

Preferred B is convertible into 5 billion shares.

Thus, even at todays depressed price of $1.40, that suggests an equity value of the Company of about $8 billion on a fully diluted basis (ignoring any value for Preferred A super voting stock).

$8 billion for a company with no assets, no revenue, no development cost etc....

Sorry kids, this is a clear scam