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Tuesday, September 21, 2021

Tesoro Enterprises, Inc. (OTCMKTS: TSNP) HUMBL; the Parabolic Run

Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is in full beast mode once again rocketing up the charts towards its intra-day highs of $0.243 since a brief dip earlier in the week. TSNP is now closing in on $0.243 highs and price to beat, a break over and its confirmation of another massive leg up. On Friday TSNP traded 183.9 million shares or about $385 million in dollar volume; these are massive numbers for OTC. Microcapdaily first reported on TSNP when the stock was $0.003.

TSNP has become the biggest runner in small caps since the Company announced the merger with HUMBL; a major mobile payments provider that works with Merchants, Governments, Banks who are looking to digitalize some of their offerings. The Company has major bakers behind it and a world class management team consisting of members from Company’s such as Visa, Epson, MoneyGram, American Express, and Qualcomm. HUMBL is working on Fortune 500 partnerships and was featured by the UN 2030 agenda as well as being 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.” Outgoing CEO Henry Boucher paid off liabilities in full prior to his departure leaving TSNP debt free with new CEO Brian Foote stating OS will not increase for the remainder of 2020.

Tesoro Enterprises, Inc. (OTCMKTS: TSNP) operating out of Oklahoma City, Oklahoma has never been a shell and was incorporated in 2009. At that time the Company was called Fashion Floor Covering and Tile, Inc. FFC&T and was an installer of wall covering materials and flooring such including wood, tile and carpet. In prior incarnations the Company was called Tesoro Distributors, Inc. and then changed their name to Tesoro Enterprises, Inc. in March 2020. Along with the name change in March 2020 the Company came out of dormancy in summer 2020 when Tesoro began making OTCmarket filings for the previous two years and filed its 10Q and 10K on October 27, 2020. This was followed by the attorney’s letter and TSNP up-listed its shares to pink current with filings up to date on OTCMarkets Group. TSNP has an investor call tentatively scheduled for December 9, 2020 to introduce HUMBL to investors and shareholders.

On November 6 TSNP entered into a binding purchase and sale agreement between two current shareholders and on November 12 the Company announced the agreement with HUMBL to merge the two entities. In an all-stock transaction. Tesoro, the surviving entity, will be renamed “HUMBL, Inc.” and following an imminent re-domiciling of the corporation to Delaware, an application will be filed with the Financial Industry Regulatory Authority (“FINRA”) for a change of the issuer’s name and symbol. The merger is being shepherded by George Sharp; a well-known OTC Markets analyst, who brought the parties together. Mr. Sharp is a Reverse Merger whizz known for doing it right.

Consummate with the transaction, HUMBL, Managing Member and Founder, Brian M. Foote, has acquired the control block of voting shares from outgoing Tesoro President, Henry Boucher.  Adam Wolfe has been named Chief Technology Officer, Michele Rivera has been named Vice President, Global Partnerships, and a director and Karen Garcia has been named Vice President, Major Accounts.

CEO Brian Foote recently converted over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares. Mr. Foote also retired 551.6 million shares. 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 company does not anticipate that the number of common shares outstanding will increase during the remainder of 2020 and throughout 2021. With their filings up to date and the outgoing President Boucher paying off all Company debt prior to his resignation TSNP has announced its intention of immediately beginning the process for becoming an SEC filer and provide audited annual financials beginning with yearend 2020.

HUMBL PAY works with Merchants, Governments, Banks and Merchants who are looking to digitalize some of their offerings. The Company has major bakers behind it and a world class management team consisting of members from Company’s such as Visa, Epson, MoneyGram, American Express, Facebook, Microsoft and Qualcomm. HUMBL 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.”

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TSNP

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 support vertical markets such as government, banking, wireless and merchants in locations like Latin America, Caribbean, Asia and Africa who are seeking to migrate to digital payment and financial technologies, 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® and will offer a HUMBL Hubs™ merchant software for clients without smartphones in certain domiciles. Brian Foote, CEO stated: “We aren’t building HUMBL for the 350 million customers using PayPal®, but for the 7 billion people for whom money moves in different pathways, formats and cost structures.”

HUMBL recenlty announced its Latin America and Asia Expansion; The Company entered into a JV with Bexs Bank in Brazil out of Sao Paulo processing an estimated $7.6 Billion per year in international transactions. 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. Tesoro has also expanded into Asia after Singapore-based Cyberbeat, a leading digital payments and financial technologies company led by veteran digital payment industry executives of the Asia Pacific region made a strategic investment into HUMBL, LLC; in return Cyberbeat will gain the non-exclusive rights to sell, distribute and deploy HUMBL and HUMBL Hubs technologies into key verticals in the Asia Pacific.

On December 1 TSNP announced HUMBL® has delivered its first live transactions in the Mexico market. The event was recorded during the production of a HUMBL brand video in the Baja California border region over the weekend.

Michele Rivera, HUMBL Vice President of Global Partnerships stated: “HUMBL® was born here in the border region of the San Diego and Mexico, specifically because of the problems families regularly experience when moving and using money across borders. The current options are expensive and inefficient. Unlike US only mobile wallets like Venmo® or Zelle,® we designed HUMBL® so that it can go along with customers and merchants into places like Latin America, enabling them to transact with each other seamlessly in the new digital economy.”

HUMBL commissioned a video crew to walk-through the variety of market problems that it is addressing with its design of HUMBL® mobile wallet and HUMBL Hubs™ merchant solutions in the United States and Baja California, Mexico. In the HUMBL brand video, which will be premiered at the Dec. 9 investor call, beta testers are seen transacting within the HUMBL® mobile wallet to digitally send, receive and exchange currencies across the border; as well as paying, tipping and transacting with merchants. In addition, HUMBL® showcases financial technologies such as USD Stablecoins, which enable Latin American customers to avoid domestic currency fluctuations, by holding their money in US dollars on the blockchain in the HUMBL® mobile wallet. The company also demonstrated its HUMBL Hubs™ Point of Sale (POS) solutions for merchants in Mexico, designed to assist millions of “Cash Only” Latin American merchants with a seamless migration to the digital economy. HUMBL Hubs™ enables merchants to accept major credit cards such as Visa, Mastercard and American Express via its contactless “Point and Pay” solutions, as well as text orders, mobile payments, tipping, local deals, ratings and reviews.

 

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TSNP is in full beast mode once again rocketing up the charts towards its intra-day highs of $0.243 since a brief dip earlier in the week. TSNP is now closing in on $0.243 highs and price to beat, a break over and its confirmation of another massive leg up and TSNP goes parabolic. On Friday TSNP traded 183.9 million shares or about $385 million in dollar volume; these are massive numbers for OTC. TSNP has become the biggest runner in small caps since the Company announced the merger with HUMBL; a major mobile payments provider that works with Merchants, Governments, Banks and Merchants who are looking to digitalize some of their offerings. The Company has major bakers behind it and a world class management team consisting of members from Company’s such as Visa, Epson, MoneyGram, American Express, Facebook, Microsoft and Qualcomm. HUMBL is working on Fortune 500 partnerships and was featured by the UN 2030 agenda as well as being 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.” Outgoing CEO Henry Boucher paid off liabilities in full prior to his departure leaving TSNP debt free with new CEO Brian Foote stating OS will not increase for the remainder of 2020. Tesoro says it plans to immediately begin the process for becoming an SEC filer and provide audited annual financials beginning with yearend 2020. Majority shareholder and CEO Brian Foote is a real go getter who has already reduced the share count by 860 million shares and recently stated the Company does not anticipate that the number of common shares outstanding will increase during the remainder of 2020 and throughout 2021. Microcapdaily first reported on TSNP when the stock was $0.003. 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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