HUMBL Inc (HMBL)

[Cinnyricinclus]

I thought you were joking when you first suggested that rich people would hold onto the preferred B shares and take out loans against them.

Well in that case, I'll also give my opinion that for anyone holding the preferred B shares for the very long term, the capital gains taxes will be zero or minimal. The reason is that, in all likelihood, the shares will end up worthless.

In addition, for all intents and purposes, those new common shares are already there since the market is forward looking. There's no reason for preferred B shareholders not to immediately convert as soon as they can. After that, it will be up to Humbl as to whether they register the new common shares or even allow those investors to sell those shares on the market via 144. But either way, those new shares will have a claim on any perceived future dividends. For anyone trying to value Humbl, those new shares would already be in their calculations.