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HUMBL Payments; the Tesoro Enterprises, Inc. (OTCMKTS: TSNP) Reverse Merger

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Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is an exciting story in small caps that has been skyrocketing up the charts in recent weeks recently going into full beast mode rocketing up out of sub penny land to $0.036 highs. The stock got another boost after CEO Brian Foote agreed to convert over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares. Management also stated the Company does not anticipate that the number of common shares outstanding will increase during the remainder of 2020 and throughout 2021.

TSNP is on the rise as the Company prepares to complete the reverse merger with HUMBL; a major mobile payments player with a first-class management team with team members coming from companies like Western Union, Moneygram, Visa, American Express, Epson, Microsoft, Facebook and Qualcomm and was recently named a Forbes “Rising Startups to Watch” Reverse Merger stocks (RM) are easily among the most exciting and explosive stocks in small caps rivaling only biotechs in their ability to make historic gains.

Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is a clean shell operating out of Oklahoma City, Oklahoma. The Company recently announced it has entered into an agreement with HUMBL, LLC to merge the two entities. In an all-stock transaction, the members of HUMBL will receive preferred shares of Tesoro in exchange for their HUMBL holdings. The mission of HUMBL® and HUMBL Hubs™ is to deliver high quality, low cost digital payments and financial services. The HUMBL network was designed to disrupt entrenched regional banks, wire services and roadside finance providers in emerging markets such as Latin America, Caribbean, Asia and Africa to help reduce costs and improve settlement speeds for customers. The HUMBL® Mobile App delivers borderless transactions, by integrating multiple currencies, payment methods, banks, blockchain and financial services providers into one-click for the customer. HUMBL® provides greater access and portability than US only mobile wallet providers, such as Venmo® and Zelle®.

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.

Brian Foote is the CEO, President and a founder of HUMBL and brings with him twenty years of consumer technology experience, having launched a number of top ranked global technology products at companies like Epson, where he was twice named to the Innovators Team Award for his work across merchant partners such as Amazon, Walmart, Costco, Target and Best Buy. Last week Mr. Foote agreed to convert over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares.

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Upon completion of the conversion, Tesoro’s issued and outstanding number of common shares will have been reduced by over 860 million shares since Mr. Foote became President of Tesoro. The merger is being shepherded by well-known OTC Markets analyst, who brought the parties together and has provided valuable advice on strategies and compliance to complete the transaction. The Company has tentatively scheduled an investors call for December 9, 2020.

On November 19 TSNP announced HUMBL, LLC and Bexs Bank have agreed to a joint venture to expand their digital customer and merchant services divisions between the United States and Latin America, reducing payment costs and processing speeds for customers across these gateways. Headquartered in São Paulo, Brazil, Bexs is specialized in integrating local payments processing and FX transactions for global businesses and processing an estimated $7.6 Billion per year in international transactions. Through a unique API Platform, Bexs’ solution provides the collection of Brazilian currency via local payment methods, helping companies to connect with customers in the digital world.

Michele Rivera, Vice President of Global Partnerships for HUMBL stated:“There are a variety of complex financial and payment systems that still require 210 million Brazilians to do things in-person or through multi-step banking processes that can be delivered more simply via HUMBL® and HUMBL Hubs™ software, powered by Bexs leading digital payment and foreign exchange engines. The partnership will utilize the full technology stack of HUMBL products including the HUMBL® and HUMBL Hubs® applications, to deliver faster, less expensive payment and financial services gateways between the USA and Latin America. What we have discovered in the Latin American market, is that both domestic and cross-border transactions are unnecessarily complex. We’re proud to be working on these high-speed rail solutions with Bexs who is a recognized leader in banking and foreign exchange solutions for Latin America.”

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TSNP is quickly emerging as one of the biggest runners in small cap! penny stock speculators are accumulating as the Company merges with HUMBL; a major mobile payments player with a first-class management team with team members coming from companies like Western Union, Moneygram, Visa, American Express, Epson, Microsoft, Facebook and Qualcomm and was recently named a Forbes “Rising Startups to Watch” The whole deal is being shepherded by George Sharp, a reverse merger whizz and someone known for doing it right. TSNP got another boost after CEO Brian Foote agreed to convert over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares. Management also stated the Company does not anticipate that the number of common shares outstanding will increase during the remainder of 2020 and throughout 2021. We will be updating on TSNP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TSNP.

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Disclosure: we hold no position in TSNP either long or short and we have not been compensated for this article.

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