$0.20 is only the bottom for George Sharp's and Louis Sapi's shares from exercising their warrants. The strike price on those warrants is $0.20. Below that there's no point in exercising.
George is still getting $0.09/share as HMBL is just above $0.29 and I'm sure George doesn't want to lose out on a few million dollars. Likewise at this price, Brian will have every incentive to consent to having the legends removed on George's and Louis' restricted shares as he gets the bulk of that money.