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Home FEATURED

Tesoro Enterprises Share Price Goes Wild

Jacob Saphir by Jacob Saphir
in ANALYSIS, BANKRUPTCY, EARNINGS, EMPRESAS PRIVADAS, FEATURED, FeaturedNews, IPO, MOMENTUM STOCKS, PRIVATE COMPANIES / EMPRESAS PRIVADAS, Short
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If you are looking for the 2021 Unicorn, you may be assessing electric vehicle businesses or marijuana companies. I cannot blame you. Right now, those two sectors are performing well. With that, let me discuss an industry and a stock that traders will most likely push up in 2021. The name of the company is HUMBL. It is an app developer offering digital payments all over the world: 

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 Deal With Tesoro Enterprises, Inc. (OTCMKT: TSNP)

On December 9, 2020, the company released a deal with TSNP, which would give HUMBL, LLC access to the financial markets in the United States. In my view, the deal is exciting for employees and shareholders. Notice that the company is about to receive equity financing of $50 million, which will be used for marketing and app development. In my opinion, not a lot of traders know the company. Most traders don’t know about this deal. If we can buy shares before the public gets to know about the business, we may make good stock returns. 

As a result of the completion of the merger, HUMBL was able to consummate November 23, 2020 agreements to raise funding through the cash sale of warrants. As these warrants are exercised, HUMBL will access up to $50 million in equity funding, to be used for marketing of the HUMBL global brand; the HUMBL® mobile app and HUMBL Hubs® merchant software; as well as distribution and partnerships around the world.

That’s not all. The share count is also decreasing, which will most likely make the intrinsic valuation of each share increase. The President of the company, Brian Foote, announced that the company would convert 318 million shares. As a result, the company is expecting to reduce the share count by over 860 million shares. According to the OTC Markets website, the current share count is equal to 3,907 million shares. The management announced that in 2020 and 2021, the total amount of shares outstanding is not expected to increase. That’s quite ideal for traders buying shares right now:

Tesoro Enterprises, Inc. announced today that the company’s CEO and President, Brian Foote, has agreed to convert over 318 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.

Company’s Most Recent Developments

Among the different business initiatives recently released by HUMBL, let me mention two. First, in December, the company announced the Launch of Holiday Deal Days, which will, in my opinion, most likely push the company’s 2021 sales up. The announcement was very positive. Note that in less than one month, the price increased from $0.01 to close to $0.3. 

Upon signing up for a HUMBL® Pay account, customers will be able to shop the HUMBL Marketplace for highly curated holiday deals, coupon codes and affiliate discount links in shopping verticals like electronics, health, beauty, home, fashion, fitness, and kids. The HUMBL Deal Days campaign enables HUMBL® Pay global customers to shop online hassle-free by locating the best deals on the internet while avoiding broken links, fake merchandise and expired coupon codes. Current deals include curated links to holiday discounts on trusted brands such as Apple®, Microsoft®, Samsung®, Sony®, Target®, Best Buy® and ULTA Beauty®.

I also like that the company hired OTC Markets analyst, George Sharp. In my opinion, he will most likely help the company raise capital. It also says something very positive about HUMBL. The management seems to be very interested in taking care of shareholders and increasing shareholder value:

“George has his finger on the pulse of the micro-cap market and is providing valuable direction. His reputation in the marketplace automatically draws attention to any endeavor in which he participates, and we intend to capitalize on his following as we work towards our goal of increasing shareholder value in 2021.”

Conclusion

Currently trading with a market capitalization of more than $500 million, TSNP still needs to provide a lot of information about its financial figures. With that, many investors are buying shares of the company right now. I would suggest the investors to perform their own due diligence on the company before buying shares. In any case, we will continue following HUMBL’s business developments. Unlike other investors, we do believe that the company could be a winner in 2021.

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Disclosure: We don’t own shares of HUMBL

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Tags: BitcoinBlockchainGeorge SharpHUMBLLLCOTC MarketsPayPalTesoro Enterprises
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