HMBL Up 71.43%, In Two Days,
Following A Lengthy Decline After
A More Than 1 Million Percent Run.
Full-Timeline Of Events That
Sparked That Prior Growth.
HUMBL, Inc., (OTCQB:HMBL) has seen a two day run up 71.43% from a low of $.007 to a close at $.012 yesterday. This is a brief resurgence after what has been a steep long-term decline for HMBL, after it previously saw the biggest gain that we have ever seen made by a penny stock, up well over 1 million percent within a period of about 5 months from a low of $.0004 as shown on a chart at stockcharts.com to a high (partially aided by a small-scale reverse split) of $7.72. The run was massive taking this stock from nearly the lowest price it could possibly have to a multi-billion dollar market cap in less than one half of one year. Below we will delve into what this company does and why trading became so crazy for it in the past:
First, It Is Important To Note That HUMBL, Inc., (OTCQB:HMBL) Saw Its Origin As Tesoro Enterprises, Inc., (PINK:TSNP) Before Changing Its Name And Ticker Symbol:
The first time that we released an awareness update on this company was back when it was Tesoro Enterprises, Inc., (PINKTSNP). We released this news update on TSNP/Now HMBL, as our first ever public alert about this company on 11/11/20. It was in this update that we revealed that HMBL was meant to be released as a private pick to our Platinum Members the prior morning but we chose to wait until later in the week because our research team had stayed up until well past 4 am reviewing dozens of potential picks. Then HMBL moved from an open on 11/10/20 at $.0013 to a high on 11/11/20 of $.0044 for a total 238.46% gain in just two days. Needless to say we were not happy with our decision to wait.
After this we chose to entirely abstain from releasing it as a Platinum Member Pick and only covered it via blog alert updates. Still though, at that time our Platinum Member Picks were already up over 6,349% combined for the year.
Truth be told, even though we did aim to release it on 11/10/20, we were really just looking for something in the range of a 1,000% or so run at that time and maybe a bit more. Truth be told, there no way that we, or really anyone else at that time would have imagined the eventual run up more than 1 million percent and it going on to rival the trading volume seen even by various companies on the NYSE.
Tesoro Enterprises, Inc., Announced That It Would Merge With HUMBL, LLC And Also That The Company Was Retiring 551,669,335 Shares:
In this HMBL news update, it became clear that this was becoming something serious because just five days in it has already gained 2,323.07%. This increased growth action came amid the company announcing terms and intent to merge with HUMBL, LLC and also amid the company announcing that it would retire 551,669,335 common shares which was a huge cancellation at that time. The cancellation news got the ball rolling even faster for this company because investors recognized that a large cancellation could instantly make the stock more attractive to investors due to decreased share count meaning a lower market cap value, therefore establishing more room to grow. We detailed the strengths and weaknesses that can be cause by share structure in our guide on penny stock trading.
The CEO Of TSNP Agreed To Lock $10 Million Worth Of Shares, Out Of Trading Circulation:
On 11/17/20 Tesoro Enterprises released news announcing that the companies CEO, Mr. Brian Foote, agreed to convert almost 318 million outstanding shares that he recently purchased on the open market, into a new class of preferred shares. As we explained within this TSNP/HMBL blog report, this would drastically reduce the outstanding share count because when combined with the already set plan to cancel shares, this equated to a total of 860 million outstanding shares taken out of trading circulation since the time that Mr. Foote became the new President of Tesoro Enterprises, Inc.
Digital Payments And Financial Technologies Company Cyberbeat, Made A Strategic Investment Into HUMBL, LLC:
On 11/24/20 the company released news announcing that financial technologies company Cyberbeat, made a strategic investment into HUMBL, LLC. The announcement did not delve into the specifics of the dollar amount invested but the news did explain that Cyberbeat is a Singapore-based, digital payments company and stated that the partnership allowed Cyberbeat to have non-exclusive rights to sell, distribute, and deploy HUMBL and HUMBL Hubs technologies into the Asia Pacific region in 2021 and beyond. In this HUMBL update, we provided a brief run-down of this news update in which we also mentioned that the news revealed that HUMBL technology sought to “accommodate the migration by governments to digital forms of their national currency, as well as key functions like cross-border remittance, foreign exchange, bill payment and lending products from smartphones.”
Tesoro Enterprises, Inc., Announced Completion Of Its Merger With HUMBL, LLC Along With A Request For FINRA To Allow A Ticker Change To HMBL And Up To $50 Million Equity Funding:
On 12/9/20, Tesoro Enterprises, Inc., announced that it completed its merger with FinTech payments company, HUMBL, LLC. Within the announcement that company stated that additional amendments were being filed with the Delaware Secretary Of State's office to change the name of the corporation to “HUMBL, Inc.” In this full timeline of HMBL events, we mentioned that this news update also mentioned that preparation was being made to file requests with the Financial Industry Regulatory Authority, (“FINRA”) to have the company renamed “HUMBL, Inc.” and the ticker symbol changed to HMBL. The update also went on to say that as a result of the completion of the merger, HUMBL was able to complete agreements on 11/23/20, in order to raise funding through the cash sale of warrants that would provide the company with access to up to $50 million in equity funding as the warrants are exercised.
HUMBL Announced The Launch Of It's HUMBL Financial Division:
On January 25th 2021, Tesoro Enterprises, Inc., announced the launch of it's new division, “HUMBL Financial.” The purpose of this division is to provide customers, merchants, and institutions, with blockchain-based financial services and partners through the HUMBL platform. The update stated that HUMBL Financial would soon offer third party financial services in areas such as investments, credit card services, and lending. The update also went on to say that HUMBL Financial is focused primarily on digital asset trading markets.
Tesoro Enterprises, Inc., Announced The Launch Of Their BLOCK Exchange Traded Index (ETXs) Lineup In Over 100 Countries:
On February 2nd 2021, Tesoro Enterprises, Inc., announced the product launch of its Block Exchange Traded Index (ETXs) lineup in over 100 Countries across North America, Latin America, Asia, Middle East, Africa, and the Caribbean.
According to the news update “the Block ETX lines were created by HUMBL Financial to give retail investors access to “one-click” software services on the new digital asset trading markets utilizing blockchain technology.
HUMBL, Inc., Announced That FINRA Processed Its Name Change And It Was Now HUMBL, Inc, And No Longer Tesoro Enterprises, Inc. They Accompanied This News With A Reverse Split:
On February 25th 2021 HUMBL, Inc., released a press release announcing that it's request with the Financial Industry Regulatory Authority (FINRA) was approved to have its name officially changed from Tesoro Enterprises, Inc., to HUMBL, Inc. Along with the name change, HUMBL also revealed that it had enacted a one share for four shares reverse split of the companies common stock and made other changes to the share structure, such as the creation of a restricted preferred classes of shares that would be issued to former members of HUMBL, LLC and prospective investors of HUMBL. The company stated that this reverse split was meant to limit volatility and truth be told it did anything but that and this essentially marked the end of what was the largest run seen by a penny stock reverse merger in our entire lives.
From the moment that this reverse split news was released through yesterday, HMBL remained in a near constant downward decline, until the most recent two days of trading when it finally appeared to see a bit of a sustained breakout.
With the wild history of HMBL and the stiff decline after that fateful reverse split announcement, there are still very many people keeping a close eye on this company, as it remains on of the more heavily traded penny stocks on the OTC. HMBL remains a fully audited OTCQB listed stock that files its documentation directly with the SEC and with it continuing to adhere to that sort of transparency it will be interesting to see if the company manages to see a sustained breakout after such a long-term downward decline.
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