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Blue Skies; HUMBLE; Tesoro Enterprises, Inc. (OTCMKTS: TSNP) Merger

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Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is the undisputed king of the OTC in recent days running 160% on Friday alone and closing the week off at $0.1085. The stock traded a total of 618 million shares on Friday or $55 million dollar volume; an incredible number for any otc stock. Some data platforms may show a lower price in after-hours however this is just a T-trade; it represents the average price the broker filled a large order at. The T-trade usually shows up on the tape a few minutes after the close and its purpose is to maintain market transparency and integrity. TSNP closed friday at $0.1081. Having surpassed all previous highs TSNP is in blue sky breakout!

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 and TSNP is no exception continuing its historic gains as  the Company completes the merger with HUMBL PAY; a major mobile payments provider with a first-class management team of members from companies like Western Union, Moneygram, Visa, American Express, Epson, Microsoft, Facebook and Qualcomm. HUMBL was recently named a Forbes “Rising Startups to Watch” in June 2020. The Company is debt free as outgoing CEO Boucher paid off liabilities in full prior to his departure.

Tesoro Enterprises, Inc. (OTCMKTS: TSNP) was incorporated in 2009 in Oklahoma and has never been a shell. The Company started off as Fashion Floor Covering and Tile, Inc. FFC&T was a full line (wood, carpet and tile) retail dealer and installer of floor and wall covering materials. FFC&T had been in business for over thirty years under the same ownership and management. In June of 2011, TEI formed The Fashion Floor Annex, Inc. as a wholly owned subsidiary, to market and sell its products over the internet. The Company was named IWT Tesoro Corp. until June 2009 when they changed their name to Tesoro Distributors, Inc. before changing its name to Tesoro Enterprises, Inc. in March 2020.

TSNP recent history; for many years the stock was inactive and did not trade but then in the fall of 2020 things started to happen. In September the Company started 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 subsequently up-listed to pink current with filings up to date on OTCMarkets.

TSNP initiated a share repurchase program. According to the release “The consent action instructs management of the corporation to Purchas in the open market and at the best terms acceptable to management, up to One hundred million (100,000,000) shares of the corporations common stock, at any time, in whole or in part, over the next twelve (12) months, The Accumulation Period. More things started to happen; the Company signed an NDA with the stated purpose for the eventual confidential sharing of corporate information with potential business partners. The company also launched a twitter account. in a big move in October the Company retained RM whizz George sharp who whipped things into shape because he does things the right way; there is a reason why FORW is also running.

On November 6 TSNP announced it is a party to 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 company will almost immediately begin the process for becoming an SEC filer and provide audited annual financials beginning with yearend 2020.

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.

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TSNP

HUMBL PAY is a major mobile payments player with a first-class management team comprised of members from companies like Western Union, Moneygram, Visa, American Express, Epson, Microsoft, Facebook and Qualcomm and works across banks, borders and currencies. The company is focused on working with targeted verticals, such as: Governments, Wireless, Banks and Merchants with existing customer bases who are looking to go digital with their money. 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.”

An investor call, tentatively scheduled for December 9, 2020, will be held to introduce HUMBL to investors and shareholders and provide further insights for the public about HUMBL’s mission, positioning and corporate partnerships.

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 begining the process for becoming an SEC filer and provide audited annual financials beginning with yearend 2020. Majority shareholder and new CEO Brian Foote recently retired 551,6 million common shares. This was followed by Mr. Foote converting another 318 million shares into a new class of Preferred shares. This reduces TSNP common shares by a total of 860 million shares since Mr. Foote became President of Tesoro.

Latin America and Asia Expansion; Tesoro entered into a JV with Bexs Bank in Brazil. 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. 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 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. The cash investment is consummate with a new partnership in which Cyberbeat gains the non-exclusive rights to sell, distribute and deploy HUMBL and HUMBL Hubs technologies into key verticals in the Asia Pacific in calendar year 2021 and beyond.

https://twitter.com/og_tigress/status/1332406729619943426

 

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TSNP is the undisputed king of the OTC in recent days running 160% on Friday alone and closing the week off at $0.1081 in a blue sky breakout. The stock traded a total of 618 million shares on Friday or $55 million dollar volume. TSNP is on fire as the Company completes the merger with HUMBL; a major mobile payments provider with a first-class management team of members from companies like Western Union, Moneygram, Visa, American Express, Epson, Microsoft, Facebook and Qualcomm. HUMBL was recently named a Forbes “Rising Startups to Watch” in June 2020. The Company is debt free as outgoing CEO Boucher paid off all liabilities in full prior to his departure. Tesoro has also announced it plans to immediately begin the process for becoming an SEC filer and provide audited annual financials beginning with yearend 2020. New majority shareholder and CEO Brian Foote is a serious 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 on November 15 as the stock was passing $0.01.  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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Creatd, Inc. (OTCMKTS: CRTD) Stock Price Continues to Deteriorate as the Legal Battle with The Lind Partners, LLC Continues

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Creatd, Inc. (OTCMKTS: CRTD) share value continues to drop after a brief recovery in mid-March. The firm’s stock is still not at the lowest point it has ever been, but it is not too far off at this point. The lowest that the shares have gone was $0.0457, which is the point they reached on October 11th, 2022. After that, in the final months of the previous year, the stock price shot up, reaching $1.6941 per share on November 18th.

The last time when the shares reached this height was in February 2022. However, back then, the price was rapidly spiraling down from a much higher point. Unfortunately for the company and its investors, after reaching $1.6941 in November, the share price crashed in a sharp correction, sinking to $0.50 by the end of November.

CRTD found a strong support at this level, which allowed it to bounce back up to $0.90, which is where the company encountered a strong resistance. It kept bouncing back and forth between these two levels throughout December 2022 and January 2023. However, as time passed, the fluctuations were becoming smaller, as the price seemingly started achieving greater stability. Looking back now, however, it becomes clear that the volatility may have decreased, but the overall trend became bearish somewhere in mid-January.

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CRTD price was dropping again, and in the second half of February, it broke the support level at $0.50, sinking to $0.16 by February 27th. After briefly recovering in early March, the price went back up to $0.3, encountering a resistance here, as well, which pushed it back down to $0.1156 this time, which was on March 14th. In the last 48 hours, the price managed to recover a bit once more, sitting at $0.15 at the time of writing.

Creatd, Inc. (OTCMKTS CRTD) stock price continues to deteriorate as the legal battle with The Lind Partners, LLC continues

Creatd, Inc. (OTCMKTS: CRTD) stock has seen a rough performance over the last year, with only a brief period of recovery in November 2022. Other than that, the last 12 months were marked by nothing but price crashes triggered by various events that followed the company. In recent months — specifically in December — the company announced an upcoming merge with Global Tech Industries, albeit without disclosing the terms of the deal. After that, reports said that Global Tech Industries had decided to bid $100 million in stock in order to acquire Creatd. Creatd even halted any discussions with other potential acquirers for 30 days as part of the LOI. At the time, its CEO and Chairman, Jeremy Frommer, said:

There are two elements to this merger, fundamental and technical. The opportunity to advance the Creatd business model and scale revenues coupled with the unique technical position we find our two public companies in, is a momentous opportunity. At the time of closing of any proposed transaction, GTII share delivery to Creatd shareholders will only occur in instances of registered ownership with the transfer agent or DTC.

For a time, everything was going well for the company until February 24th, when reports emerged that Creatd had terminated the proposed acquisition discussions with Global Tech. This was what triggered the stock crash, as many were disappointed that the deal did not succeed.

Around that time, the company was also struggling with a potential illegal naked short selling, and it launched CEOBLOC to try and fight it. One positive development at the time was the fact that CRTD became available on Upstream, which marked the third issuer to dual-list their shares on Upstream’s blockchain-powered market.

https://twitter.com/UpstreamXchange/status/1625520006770618368

However, the stock was hit with another blow a week ago when Creatd released an update regarding its legal dispute with The Lind Partners, LLC, and the company’s affiliates. The dispute concerns a convertible promissory note that amounts to $900,000.

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According to Lind, Creatd breached certain representations and warranties in regard to the note. Lind demanded immediate repayment of the full amount, but Creatd instead decided to offer a number of alternatives. Lind refused to negotiate and Creatd filed a motion to dismiss. The company’s CEO said:

At this early stage, we are strictly trying to analyze data. There is more than enough evidence that there has been unusual trading in CRTD and it demands further investigation. To that end, we have asked legal counsel to look into filing multiple requests of trading records from market makers in CRTD stock. When and if the Company enters the discovery period in The Lind Partners, LLC case, any trading records related to The Lind Partners, LLC that were done with external broker dealers will also be analyzed.

Creatd, Inc. (OTCMKTS: CRTD) is a holding company that offers new economic opportunities to creators using partnerships and technology. The company’s goal is to empower creators and brands, and it claims that each of its companies shares a common mission — to create technologies and develop partnerships that would allow it to unlock new opportunities useful to entrepreneurs, brands, and creators, allowing them to also grow creatively, sustainably, as well as profitably.

For the moment, it appears that the situation is not the best for the company. It is in the middle of legal proceedings, its merger has failed, and its stock is one bad day away from reaching its all-time low. The chart above shows that CRTD is willing to grow and ready to jump on any opportunity, so the company still has a chance. Any piece of good news would likely send its stock to the path of recovery, which is why it is still worth keeping an eye on future developments. We will be updating on CRTD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CRTD.

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Global Developments Holdings, Inc (OTCMKTS: GDVM) Share Starts Recovery After a Second Big Drop in Three Months

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Global Developments Holdings Inc (OTCMKTS: GDVM) share has steadily risen for the past six and a half months. The company’s performance in 2023 has been remarkable.

Global Developments Holdings Inc (OTCMKTS: GDVM) share has been on a steady rise for the past six and a half months. The company’s performance in 2023 shows that the share was growing, then it saw a sudden surge, only to crash back down. However, the company’s 6M chart clearly indicates that the share has been rising steadily, and both rapid surges followed by sudden crashes — one in November/December 2022 and another in February 2023 — were only brief pumps. The stock’s performance overall still indicates that GDVM is seeing a strong, steady rise, which was not affected by these instances of strong volatility.

The GDVM price was fairly stable for the first eight months of 2022, slightly fluctuating around $0.0040. However, at the end of August 2022, the price started to grow. The growth was steady, healthy, and the price kept going up, almost completely uninterrupted until November 3rd. At the time, it reached $0.0527, but after reaching this level, it saw a slight correction to a support at $0.040. After only about a week at this level, a rapid surge took it all the way up to $0.1109. The surge started around November 16th, and it reached its peak by December 6th.

After that, a rapid correction made the price crash back down to $0.056 later on the same day. After an attempt at recovery, the price dropped again on December 14th, this time sinking to $0.038. From there on, the price managed to return back to its steady growth, which actually lasted until late January 2023. At the time, it reached $0.066, when another surge took place, starting on January 27th.

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In the following month, the price climbed up to $0.1359, reaching this height on February 23rd, which was once again followed by a rapid crash back to $0.0726. What followed was a few weeks of stability, which led the price to finally grow back up again, to $0.0862, on March 9th. This was followed by another mild correction to $0.769, which is where the GDVM price sits right now at the time of writing.

Global Developments Holdings, Inc (OTCMKTS GDVM) Share Starts Recovery After a Second Big Drop in Three Months

Global Developments Holdings, Inc (OTCMKTS: GDVM) price behavior has been quite significant over the last six months. However, it is also worth noting that most of these developments — the beginning of the six-month steady growth, as well as rapid price surges in between — took place when some major developments for the company happened. For example, the price started climbing up in August after reports that it reduced OS by 525 million, with rumors that significant moves are being made behind the scenes. At the time, it was rumored that the company was planning a reverse merger, which is exactly what it was doing, as it was discovered later on.

Following that, reports in November emerged, noting that the reverse merger is heating up, especially as the new CEO was affected by massive share reduction. The merger was with a company VeeMost, and by early December 2022, it achieved its 4th advanced specialization. At the time, reports were also praising GDVM as its stock price continued to skyrocket. The stock has been under heavy accumulation from the moment Mr. Melvin Ejiogu, an executive who also acts as President of VeeMost Technologies, became the controlling shareholder. He said:

$GDVM majority control acquired and all outstanding debt purchased. I also purchased 12% of outstanding shares and returned them to the treasury. No dilution will occur. I’ll be sharing updates soon with everyone on our new journey.

His new dilution policy affected a massive share reduction, as mentioned, and trapped the market makers, who were seriously short. The reverse merger stocks have proven that they can be much more explosive than biotechs, assuming that the incoming company has real value. By mid-February, Global Developments became the highest overall rated company in the Shell Companies industry. It had an overall score of 66 while and an average score of 43. This means that, on average, the stock in this industry tends to score higher than 43% of the stock market. However, according to Ejiogu’s tweet published on February 17th, he was working on getting the shell status removed from GDVM.

Global Developments Holdings, Inc (OTCMKTS: GDVM) is a company that provides expert consulting for businesses. It is a principal investment firm that specializes in acquisitions and early-stage financing of emerging growth companies. It describes its service as fast and reliable, and it can help whether its clients need help with finances, advice on theoretical matters, or assistance with practical tasks.

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It has a highly-qualified team that is happy to assist with any needs in both private and commercial spheres. The company is based in Delaware, and it was incorporated on December 9th, 2004, as Autobahn International, Inc. However, in 2016, it rebranded to Global Developments Inc and then once more to Global Developments Holdings, Inc, on September 20th, 2018.

For the time being, the company’s stock is still growing steadily after starting to increase in August of last year. The past price surges, followed by sharp corrections, are fairly normal behavior. Prices tend to surge after beneficial developments, and a sharp rise is always followed by a sharp correction. The positive thing is that the price continues to increase after the correction is over, and the chart above clearly shows that the company continues to thrive under the new leadership. We will be updating on GDVM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GDVM.

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Disclosure: We have no position in GDVM and have not been compensated for this article.

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Asia Broadband, Inc (OTCMKTS: AABB) Stock Price Surges as the Firm Takes a Stance Against Market Maker Manipulation Practices

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Asia Broadband, Inc. (OTCMKTS: AABB)

Asia Broadband, Inc. (OTCMKTS: AABB) saw its stock price surge by over 10% in the last 24 hours following its decision to pursue market manipulation legal action against some major market makers. The firm’s stock price surged from $0.0290 to the current $0.0334, which was also the closing price on Thursday, March 9th. Before this, the firm’s price has had several spikes up over the last six months, although each of them was too sharp to last, and they were always followed by just as strong corrections. The last big example came around February 21st, with January 31st before that and January 17th before that.

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The situation was slightly different in late 2022 when Asia Broadband saw a strong price surge around November 23rd, which led it to the high point of $0.0559 by December 6th. The following correction took the price back down to an average level of $0.033, with the price fluctuating around it until early February 2023. After that, the price sank to the support at $0.030, and it just broke it in the early days of March, going down to $0.028 before surging back up over the last two days.

Over the past six months or so, each of the strong price reactions that AABB has displayed took place roughly around the same time as some important events for the company. For example, in December 2022, the company launched the GoldenBaboons.com website in preparation for the launch of its Gold-Backed NFT Baboons collection, which went live in January. The collection Golden Baboons Mining Club (GBMC) was the first NFT collection that AABB has created and published. Furthermore, it is backed by gold, like the company’s AABBG token.

Another time the price had reacted was in January of this year, right after the reports of Asia Broadband completing a plant site purchase to process gold and silver ore. The firm announced the purchase of the new processing facility, and an evaluation report has estimated the stockpile to represent more than $800 million in gold and silver. Reports at the time have called the stockpile processing project the largest high-yield asset addition for the firm to date, and it was considered a part of its strategic expansion initiative, meant to help the Company acquire gold production and increase AABB’s physical gold holdings. Then, only about a week after that, new reports said that Asia Broadband is continuing its strategic expansion of its Central America cryptocurrency operations hub in El Salvador — specifically, in its Bitcoin City.

Finally, in mid-February, the company announced a registration deadline to purchase its gold-backed Baboons NFT collection during the NFT mint event. The deadline was February 22nd, and the minting took place after that, on February 28th. As for this latest AABB price surge, it came around the time when another new report emerged, stating that Asia Broadband pursues market manipulation legal action against major market makers for AABB shares on OTC Markets.

The legal initiative has actually progressed for months, as the company noted that many shareholders and public firms received expressing that the AABB share price was subjected to long-term repression by deceptive and false trading practices. Furthermore, other OTC Market issuers were already publicly exposed and legally challenged due to their market maker manipulation practices. Apart from that, Asia Broadband is also pursuing legal action against a number of parties for multiple defamatory internet posts.

The Company experienced similar defamation attacks several years ago, and the situation was resolved to the firm’s advantage, with the posts permanently removed. The company’s CEO and AABB President, Chris Torres, said:

We have an obligation to our shareholders to do everything in our power to protect their investments in our Company’s shares. Our share price is not reflecting the true value attributed to the Company’s successes in recent years due to deceitful and profiteering market manipulation.

While the name, Asia Broadband, Inc. (OTCMKTS: AABB), suggests that this is a telecommunications firm, AABB is actually a mining stock. Operating as a resource company with a special focus on the production, supply, and sale of precious and base metals, Asia Broadband primarily sells to Asian markets.

The firm uses specific geographic expertise, coupled with extensive industry contacts and a long and rich experience to facilitate innovative distribution processes from the production and supply of base and precious metals in Mexico to its clients, which can be found all over Asia. With that said, the company’s most prominent move as of late has been an attempt to develop a gold-backed cryptocurrency token and a gold-backed NFT collection mentioned earlier. The token itself is known as AABBG, and it was backed by $30 million in gold holdings as of 2021 when it was originally released.

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Despite the relatively poor stock price performance, Asia Broadband, Inc (OTCMKTS: AABB) is a mining firm that has great potential for the future. Its involvement with crypto assets and the fact that it supplies Asian clients both work in its favor. Asia is emerging as one of the leading regions in terms of technology and digital assets. With the company operating in the West on behalf of the East, it is in a perfect position to grow. Furthermore, if allegations of defamation and market manipulations from its lawsuit turn out to be true, that would explain the difficulties in AABB’s performance that the company has been facing, which could allow its stock to start growing once these negative aspects get removed. We will be updating on AABB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AABB.

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

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