TSNP: Understanding The Price Action

TSNP has been the talk of the OTC Markets the past few days. Matter of fact, it's probably the biggest runner of the year. TSNP has certainly been the biggest runner that we found for our subscribers by far. We alerted at $.0008 and at yesterday's high of $.036, our subscribers were up as much as 4,399%!!The move in TSNP is indeed impressive. However, what strikes us the most is the fact that some never took any money off the table. When you get a move in the thousands of % in such a short amount of time, you must book some profits. We were so concerned that some subscribers would not do this that we even sent out an update.View on Twitter/XMatter of fact, we even told our subscribers to put some of their profits into ENZC, which contributed to the 19% move yesterday and you can read here.For those that are still in TSNP and wondering what's next - don't panic. Penny stocks go up and they go down. The trading action on the 17th was the first red day in six trading sessions. A red day was inevitable. No stock ever goes straight up. TSNP Daily ChartThe fact is we don't believe the bull run in TSNP is over. Far from it, as a matter of fact. You see, TSNP is not a pump and dump. It checks all the boxes in terms of being a first-class penny stock. In this article, we follow up on our original report calling the TSNP HUMBL merger a really big deal, which you can read here, and focus on understanding the trading action.

TSNP HUMBL

First up, here's a little background info for those not familiar with TSNP. Tesoro Enterprises is a clean shell trading on the Pink Sheets.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^®.

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.

The Merger Deal

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.

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Reasons To Be Bullish On TSNP

1. TSNP just retired 551,669,335 million common shares. Any time an OTC is retiring shares is a good sign.
2. HUMBL CEO Brian Foote has agreed to convert over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares. He is playing the long game with TSNP.
3. HUMBL CEO Brian Foote and HUMBL have been named by Forbes as a Rising Startup to Watch.
4. 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 the Massachusetts Institute of Technology (MIT).
5. 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.”
6. 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.
7. HUMBL has four offices around the globe.
8. HUMBL is working on Fortune 500 partnerships and was featured by the UN 2030 Agenda.
9. HUMBL® is putting its mobile technology solutions to work in Africa with One Kiosk®.
10. 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.

TSNP Bottom Line

There are a lot of reasons to remain bullish on TSNP. Most importantly, the stock has a good story. Here is what CEO Brian Foote says about his company.

“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.

We also commend the job that George Sharp has done in helping put TSNP and HUMBL together. Hopefully, this will be the first of many more deals to come.For those that missed the initial run in TSNP, the pullback is an opportunity to get in. We know many have missed the initial run and this is a dip-buying opportunity.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.The new TSNP has already been active in putting out PRs. This is extremely important when it comes to OTC stocks. The more PRs that hit the tape, the better it is in crafting the story. We look forward to TSNP finalizing the merger with HUMBL and what CEP Brian Foote delivers. Exciting times are coming, especially once we see the stock hitting a nickel, then a dime, a 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.Image by Pexels from Pixabay