A reverse split is never a good idea when the company still holds debt that ordinary revenues cannot absorb. Further, any toxic debt destroys a company that goes through a RS. However, if a company can get debt under control and provide enough income to pay it's bills, a RS has absolutely no negative consequences short of dumb traders selling out of fear.
Even then, there are many companies that had their stock drop on announcement of an RS only to more than recover within a month of the RS because their balance sheet was cleaned first. Those who make a broad statement about RS's always being bad, show their inexperience and lack of understanding.
A RS kneejerk reaction is a reflection of the number of times an OTC company used a RS to benefit the lender with more toxic shares so that the company could continue to borrow instead of creating a real product or service. HMBL has demonstrated that it has greatly reduced it's debt over the last few years. With the number of conversions since October, HMBL's debt and/or Preferred C's should be reduced substantially on the 10k. It may or may not be about that time to consider share structure. Regardless, things are getting better.