HUMBL Inc (HMBL)

[Cinnyricinclus]

CEO Brian Foote heard the chatter and knows that's what many shareholders fear. He took steps to calm investors so they would stay invested. The only problem with putting that out in the news is that he just alerted more investors to the existence of the massive series B share overhang.


"San Diego, California, October 29, 2021 -- HUMBL, Inc. (OTC Markets: HMBL) announced today that its Board of Directors and an 85% super-majority of its Series B Preferred shareholders approved an amendment to its Certificate of Incorporation."

"The amendment limits the amount that all Series B shareholders who own more than 750 Series B shares can convert into common stock in any given month during the period beginning December 2021 and ending May 2023."