HUMBL Inc (HMBL)

[Cinnyricinclus]

In the end, the warrants only dilute the outstanding shares by 25% but that will still take a couple of months to absorb at the average volume. If George can pump up the volume, it will be easier for him to sell into the market.

If extra time is needed, Brian can stave off giving consent for removal the restrictive legend of the first tranche of series B conversion shares in order to let George sell his shares first.

So in the near term there's going to be a price battle between George pumping the stock, and George and the other warrant holder selling shares into the market. It could work out for shareholders in the short term if George is successful at pumping. The market seems to believe that George can push up the stock price, even if only temporarily.