HUMBL Inc (HMBL)

[Cinnyricinclus]

There will be 5.6 billion new common shares on conversion of all the series B preferred shares. After conversion and at the point those shareholders are able to sell, it would make sense that some of them will sell.

However it's up to CEO Brian Foote as to whether he's going to let any of them sell their new common shares by allowing the removal of the restrictive legend. He might drag his feet and that wouldn't be uncommon in penny world.

I believe you're better off asking yourself whether Humbl deserves a $4 billion market cap. That's lofty for a company which counts revenues in $100,000's and losses in $10's of millions.