Tesoro Enterprises, Inc., (PINK:TSNP) Has Gained 2,323.07%
In Just Five Days Amid Merger With HUMBL, LLC, And
Retirement Of More Than 551 Million Outstanding Shares!
Tesoro Enterprises, Inc., (PINK:TSNP) closed up another 250% today proving to be the strongest running penny stock of the day. Even more impressive is that it has now gained 2,323.07% in just the past five trading days, making it the fastest gaining penny stock in the world over the course of the past week, and also one of the fastest gaining stocks of this entire year!
We began our steady stream of steady TSNP alerts, with our first TSNP alert that was posted publicly on November 11th 2020, after it closed at $.0033. In that stock alert and in a steady stream of stock alerts since then, we have mentioned on each occasion that TSNP was a rare update in that it was not a pick that was released to our Platinum Members in advance. We originally intended to release it as a private alert just for our Platinum Members on the morning of 11/10/20 when it was trading at $.0013 but at the last minute we chose to hold off on doing so, because the entire team was too exhausted from researching potential penny stock picks throughout the night. We hoped to wait one extra day before the run began and then it surged up nearly 100% that day and each day since. Even without TSNP, we are still proud to be able to mention that the stock picks that we have sent to our Platinum Members have gained 6,349.6% combined so far this year. But needless to say it is still disappointing that we neglected to release TSNP as planned.
In our most recently posted TSNP update, we outlined the strengths of Tesoro Enterprises, Inc., why we had initially intended for it to be a full-scale pick for our Platinum Members, and just how it is that it has managed to gain so quickly. In the following we will delve back into the details of what it is about this company that has so quickly captured the attention of penny stock traders:
TSNP Hired Former OTC Markets Group Consultant, Mr. George Sharp, As An Advisor. This Was Followed By News Of A Purchase Agreement:
The company recently announced that it enlisted the services of Mr. George Sharp as an advisor to the company. Mr. Sharp was a key hire in that he was a former consultant to OTC Markets Group, which immediately went to show that TSNP was setting itself up to be a major player within the OTC Market. The announcement of Mr. Sharp aiding the team, immediately brought on an heir of legitimacy to Tesoro Enterprises because Mr. Sharp is a well respected name within the microcap investment community, well recognized as a, play no games highly visible player in the OTC that has made a name for himself by opting to rise up against the usual OTC scheming that runs rampant across many penny stocks and instead align himself with more straight an arrow companies that tend to perform very well with price per share growth. Soon after the announcement involving Mr. Sharp taking up an advisory role, Tesoro Enterprises released news stating that it had entered a binding purchase and sale agreement with two current shareholders. The news update mentioned that the company intended to make structural and organizational changes that were intended to positively impact shareholder value, if the deal were to be completed as planned.
Mr. Sharp Revealed Via Twitter, That The Merger Deal Was Expected To Be Announced On The Morning Of 11/12/20 And That Is Exactly When It Was Released. The Build Up Of Expectation, Followed By The News Release, Further Pushed The Run:
In the days leading up to the merger news, Mr. Sharp sent multiple tweets that displayed his confidence in Tesoro Enterprises, Inc., as a company, his belief that TSNP's merger plans were legitimate, and that the company that the merger was intended to be completed with would be one for the ages that had the potential to send shock-waves through the penny stock investor community, due to the strength that it would bring to the table. In one of those tweets, Mr. Sharp stated that the planned merger would truly set itself apart from many of the lackluster merger intentions that many other OTC Market traded companies announce and that once released it would show the legitimacy and strength of Tesoro Enterprises, Inc.
The Merger News Released By TSNP Announced That The Merger Would Be Completed With HUMBL, LLC., An International Payments FinTech Company:
In the news announcement released on 11/12/20, Tesoro Enterprises, Inc (OTC PINK:TSNP) announced that it would merge with HUMBL, LLC (“HUMBL”) in an all-stock transaction. Once combined the company would be known as HUMBL, Inc., and would aim to file an application with the financial Industry Regulatory Authority (“FINRA”) for a change of the issuer's name and ticker symbol. The press release also went on to say that the new HUMBL, Inc., would immediately begin the process of becoming fully transparent with audited financial statements filed with the SEC, beginning with financial for the full year ended in 2020.
According to the news release the founder of HUMBL, Mr. Brian M. Foote would become the CEO of the newly merged entity because he has acquired the controlling block of voting shares. If HUMBL were to in fact become a fully transparent SEC filer as the news update stated, that in itself would prove it to be a major standout among the many companies that have little or no interest in being fully transparent with their financial filings.
The news update had this to say about HUMBL:
“HUMBL is comprised of team members from companies like Western Union, Moneygram, Visa, American Express, Epson, Microsoft, Facebook and Qualcomm and was recently named a Forbes “Rising Startups to Watch” in June 2020 for recognizing the “major gap between the US and emerging markets regarding mobile payments.”
HUMBL has designed a mobile wallet (HUMBL®) and merchant software (HUMBL Hubs™), that help primarily cash economies migrate to digital money services across key vertical markets, such as: government, banking, wireless carriers and merchant services. HUMBL’s global money platform will deliver up to 50% estimated savings on transactions such as: sending, receiving, lending, borrowing, investing money and paying bills.”
The Day After The Merger News Was Released TSNP Filed A News Release Announcing That The Company Would Retire 551,669,335 common shares:
On 11/13/20 TSNP released a news update announcing that the company would retire 551,669,335 common shares. These shares were surrendered by the President of Tesoro Enterprises, Mr. Brian Foote, after he had acquired them from the prior Tesoro President. The retirement of these shares brings the total outstanding share count of TSNP down to 3,996,709,773 . This major announcement got the price per share of TSNP moving up at an even more feverish pace because as many penny stock traders have come to know, the majority of OTC Market share retirements are usually from the authorized shares, rather than the outstanding share count, and as we explained in our tips on penny stock trading, the only sort of retirement that can actually impact price immediately, is when it is done from the outstanding shares. This is because authorized share count is just the amount of shares that a company is allowed to issue, while outstanding are already issued, meaning that retiring them takes them out of circulation, which makes it easier for buy and sell pressure to move the price.
The TSNP story over the course of the past week, has been one of the most incredible things to come to the OTC Market this entire year and the intense trading action has gone to show just how quickly these picks can move when they are performed in the best interest of investors. The companies commitment to adhering to deadlines, enlisting proper advisory support from an OTC Market veteran, and retirement of more than half a billion outstanding shares has been a true blessing to penny stock traders. Although this one was not released to our Platinum Members first as was originally planned, we still look forward to having many new full-scale penny stock picks released soon and they will be released to Platinum Members before anyone else has had a chance to see them.
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