Replies to post #103414 on HUMBL Inc (HMBL)

[TenKay]

Under Rule 144, the “Holding Period” of an underlying convertible security (ie the warrants or the Pref B) can be “tacked onto” the holding period of the common stock after conversion.

So if the warrants and Pref B are held for one year (Rule 144 holding period for a non-reporting stock), as an example, then the common stock after conversion at that point is immediately eligible for restrictive legend removal.

[Cinnyricinclus]

Yes, the deal for George's warrants was executed on Dec 4th, 2020. The one year holding period for restriction ends in two weeks.

There are 250 million new shares underlying the warrants. That's only about 25% dilution for Humbl. Substantial, but not overwhelming.