In the land of penny stocks, it’s rare that you get a merger that is a real game-changer. However, after looking at the recent TSNP HUMBL merger, this is a really, really big deal. It’s not often that investors find a deal that they can buy under a penny and in a company that is a major mobile payments player with a first-class management team.
In this article, Insider Financial takes a look at the TSNP HUMBL merger. While many investors are chasing SPAC deals on the NASDAQ and NYSE priced over $10, the TSNP HUMBL deal is under a penny. As you will read in the article, the upside in TSNP HUMBL far outweighs any SPAC deal investors are chasing on the Big Boards.
Tesoro Enterprises is a clean shell trading on the Pink Sheets. The company retained George Sharp as an adviser to help them find a merger candidate. Sharp was retained on October 28th when TSNP was trading in the triple-zeros. We knew that something big was brewing with the big uptick in volume and a total lack of sellers.
As you can see from the chart below, many of our subscribers got in early as we knew a deal was going to be announced. We just didn’t know it was going to be HUMBL. What started as a trade has now become an investment.
You see, HUMBL has the potential to become not only the next Venmo or Zelle but also the next PayPal. The HUMBL® Mobile App delivers borderless transactions, by integrating multiple currencies, payment methods, banks, 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®.
“We didn’t build HUMBL for the 450 million digital customers using Apple Pay®, but for the 7 billion people for whom money has a totally different set of global pathways, access points, and cost structures,” according to the CEO of HUMBL, Brian Foote.
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.
HUMBL maintains offices in San Diego (HUMBL – North America), Mexico (HUMBL – Latin America), Miami (HUMBL – Caribbean and Africa), and Singapore (HUMBL – Asia Pacific and Oceania Region) and has created a global network of regional affiliates, who stand ready to implement sales and marketing programs in these corridors.
TSNP HUMBL Merger
The merger between TSNP and HUMBL is an all-stock transaction. The members of HUMBL will receive preferred shares of Tesoro in exchange for their HUMBL holdings.
Tesoro, the surviving entity, will be renamed “HUMBL, Inc.” and following an imminent redomiciling 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 of becoming an SEC filer and provide audited annual financials beginning with yearend 2020.
With the transaction, HUMBL, Managing Member and Founder, Brian M. Foote has acquired the control block of voting shares and a significant number of common shares from outgoing Tesoro President, Henry Boucher.
The Board of Directors has installed Mr. Foote and HUMBL associate, Jeffrey Hinshaw, as directors of Tesoro and to the officer positions of President and Secretary, respectively. In addition, Adam Wolfe has been named Chief Technology Officer, Michele Rivera has been named Vice President, Global Partnerships, and a director and Karen Garcia will become Vice President, Major Accounts.
The transaction between TSNP and HUMBL is just like any other SPAC deal being done on the NASDAQ and NYSE. A clean shell (SPAC) finds a fast-growing company and they merge. The shareholders in the SPAC, in this case, TSNP, keep their stock and that translates into a percentage of the new company, which will be HUMBL. HUMBL CEO Brian Foote and his investors will become the majority shareholders. TSNP shareholders benefit as they now own a piece of a fast-growing mobile payments company. HUMBL benefits by going public almost immediately.
Benefits For TSNP Shareholders
Look at what TSNP shareholders are getting a piece of with the TSNP HUMBL merger.
- Look at the bio of HUMBL CEO Brian Foote. He 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. Mr. Foote is a graduate of the University of California at Los Angeles (UCLA) and is certified in blockchain, digital media, and social media from Massachusetts Institute of Technology (MIT).
- 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.
- HUMBL has four offices around the globe.
- HUMBL is working on Fortune 500 partnerships and was featured by the UN 2030 Agenda.
- HUMBL® is putting its mobile technology solutions to work in Africa with One Kiosk®.
- HUMBL has entered the Indian market with Digital India Payments Limited (DIPL). DIPL processes millions of dollars per day in financial and retail transactions, across 30,000 merchant locations in India, with extensions into Nepal, Bangladesh, Maldives, Myanmar, and Sri Lanka.
In the meantime, an investor call will be held on December 9th discussing the TSNP HUMBL merger. We will be on the call listening and updating our subscribers.
TSNP HUMBL Bottom Line
With a market cap of just $21 million, TSNP is an exciting story on the OTC Markets. We are expecting big things once the merger is finalized. Most noticeably, we will be looking for the run to a penny, then a nickel, dime, quarter, and finally dollars.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in OTCMKTS:TSNP or any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.