HUMBL Inc (HMBL)

[GreenHarvest]

No that's not the reason. Preferred shares would not cause a sudden big drop in price with big volume in the first couple of minutes of market open almost each and every trading day taking the price to a lower level than the day before then fixing it there. Preferred shares would not cause shares to trade just below the ask at 3/4/5 digits to avoid taking out the ask and getting price higher, those are not retail trades who can trader only at 2 digits as far as I know. This farce has been going way before the preferred shares or even the RS were known. Preferred shares have not even been converted and sold. The price has been dropping for months due to manipulation or shorting, this is the reason. The good thing about this is the huge interest in $HMBL that has been resisting this downward pressure admirably for months evident by the sudden rise every now and then each time that pressure is decreased. Without that resistance/interest, that huge pressure was capable of taking the price back to double or even triple zeros. When I play the same scenario in my head taking in the huge buying interest that has been going on for months and removing the huge manipulation/shorting downward pressure, the only price level that seems reasonable to me by now is $20+. I don't think that pressure can go on for long. HUMBL is building up internal pressure as a result to it's ongoing business developments that could one day blow up and take the price to where it really belongs imo.