HUMBL Inc (HMBL)

[TenKay]

That quote is exactly what I am saying. The prefs were ISSUED on Feb 26. That starts the clock for their holding period. Therefore the common stock from any conversion up to Feb 26, 2022 will remain restricted until that date as it takes on the same characteristics as the prefs..

“I am sure they advised them to tack to the acquisition date instead of the exchange date.”

They can’t do that. Only the date of ISSUE of the security can start the clock on the holding period...where you actually have to “hold” the security. They were holding nothing prior to Feb 26.

I don’t know why they waited to issued the prefs until Feb, but by doing so they pushed the holding period end point out at the same time.

I suspect they may have done it to avoid having to split the pref conversion ratio...with the RS.