Tesoro Enterprises, Inc., (PINK:TSNP) Gained 3,930.77%
In The Past Two Weeks, Amid Merger News With HUMBL, LLC,
Retirement Of More Than 551 Million Shares, And Plan To
Lock $10 Million Worth Of Shares Out Of Circulation.
Tesoro Enterprises, Inc., (PINK:TSNP) closed up another 28.86% yesterday, and saw dollar volume of more than $27.4 million, proving to once again be one of the strongest trading penny stocks of the day, trading on the OTC Market. Even more impressive is that it has now gained as much as 3,930.77% in just the past two and a half weeks, making it the fastest gaining penny stock in the world within that period of time, and also one of the fastest gaining stocks of this entire year, across all markets, including the NASDAQ, NYSE, American Stock Exchange (Amex), and others.
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 within a steady stream of stock alerts since then, we have mentioned on each occasion that TSNP was a rare alert in that it was not a pick that was released to our Platinum Members as a full-scale newsletter release in advance. We originally intended to release TSNP 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% or more that day and nearly each of the five trading days afterward. 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 news 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 that same update mentioned above, we explained the relative time-line up until then, of key events that lead to the incredible breakout of this penny stock. We mentioned that former OTC Markets Group consultant, Mr. George Sharp was brought on as an advisor, which immediately made TSNP stand out among other penny stocks because he is known to generally only get involved in advising particularly impressive microcap companies. Mr. Sharp's expectation that TSNP was particularly legitimate came in his pre-announcement that the upcoming merger would show that TSNP was a major gem within the OTC Market. That merger was later announced through a news announcement from the company, revealing that it would be completed with HUMBL, LLC, which is an international payments FinTech company.
The press release mentioned 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. Immediately becoming a fully filing transparent company, would make HUMBL immediately standout within the OTC Market, being that many publicly trading OTC stocks tend to provide
limited filing information, and some even no filed information at all.
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.”
We further mentioned in the last update, that the TSNP run hit an even more significant fever pitch, after the company announced that it would retire 551 million outstanding shares. The fact that this was a retirement of outstanding shares, rather than authorized shares, made the retirement particularly notable. This is because the majority of announced share retirements from penny stock companies, tend to be from authorized shares only, which does not have a direct impact on the price per share, as that is a more topical solution to share structure issues, rather than one that would directly impact shareholders. Review our guide to penny stock trading, for a deeper dive into the difference between outstanding and authorized shares when it comes to share structure.
Now that we have re-capped all of the above, we will focus in on the most recent TSNP updates since our last TSNP update was posted about one and a half weeks ago:
The Companies CEO And President Agreed To Lock $10 Million Worth Of Shares Out Of Trading Circulation, That He Recently Purchased On The Open Market. This Is On Top Of The 551 Million Shares Slated For Retirement:
TSNP released a press release on November 17th 2020, stating that the companies President and CEO, Mr. Brian Foote, agreed to convert almost 318 million outstanding shares that he recently purchased in the retail market, into a new class of preferred shares. The conversion is planned to be completed after the completion of the planned merger between Tesoro Enterprises, Inc., and HUMBL LLC. Once completed, that would mean that a total of 860 million outstanding shares would have been taken out of trading circulation since the time that Mr. Foote became the new President of Tesoro Enterprises, Inc.
Tesoro Released News Revealing That HUMBL And Bexs Bank Have Begun A Pilot Program For Expanded, High Speed Digital Payments Between The U.S. And Latin America:
On November 19th 2020, TSNP released a news update announcing that HUMBL and Bexs Bank agreed to a joint venture, seeking to “expand their digital customer and merchant services divisions between the United States and Latin America.” The goal of this platform will be to reduce the costs of payments and also to increase the speed at which transactions can be completed.
The news release went on to say that Bexs Bank is headquartered in São Paulo, Brazil and processes about $7.6 billion per year worth of international transactions.
TSNP has been hitting hard with a steady flow of some of the biggest news announcements that have ever come to the world of penny stocks, which makes it all the more unfortunate that we did not release it early as a Platinum Member pick, as had originally been planned, when it was trading at just $.0013. Even without it as a full-scale pick, we remain proud of the incredible growth of the picks that we have provided to our Platinum Members thus far and suggest that all investors continue to follow our stock picks blog for further updates on TSNP and numerous other interesting penny stocks, that trade within the OTC Market. We put a great deal of time and effort into ensuring that we are able to provide important information to traders, as one of the most active penny stock news providers in the sector.
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