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You have to understand the business model and the challenges. Particularly, most small business have had a hell of a hard time acquiring funding since 20008, and more so for those attempting to acquire non-toxic funding. Some were forced to accept toxic funding in order to sail through the crisis or they would have failed. 1 out of every 1,000 or so will find themselves coming out stronger from this financial ordeal. I believe TSNP is one of them.
TSNP
It all depends, I can name another stock that was no bid for two years, spiked to .0023 and then dropped back down to .0005 x .0006 and for at least a year it has not dipped under .0005. Whoever bought in made between 500% and 2,300% and I mean anyone that bought in before the run. There have been great delays but eventually and I believe soon it will run hard and maintain its gains when all has been made transparent. I prefer stocks that run then retrace but never again trade at their previous lows because that means profits for all shareholders.
TSNP
I've done my fair share of accumulating here, besides I'm not worried about the no bid situation because between what the CEO is doing for shareholders and private investors coming in this will move for sure.
TSNP
Ooh, buying coming in now, should get a bid back today.
TSNP
Yeah but would be nice if when the market opened that there would be more volume than $50 lol.
Good morning all, let's get this bid back today.
TSNP
Yeah that stock doesn't have the right information for share structure the float is 7 billion shares on that stock, 2 billion shares greater than our Authorized shares and nearly x3 the size of our float. That company is a complete scam, has been for years now.
TSNP
I removed the wrong sticky so had to play around re-posting and then reloading the stickies. We should have the latest news up on sticky now. Once, financials come out I will remove the financial guidance from last month.
TSNP
primecomm
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Thursday, November 03, 2011 8:31:00 AM
Re: None
Post # of 9665
Tesoro Enterprises, Inc. terminates reverse merger discussions
Nov 02, 2011
OTC Disclosure & News Service
New Canaan, CT -
Tesoro Enterprises, Inc. ("TEI"), trading symbol TSNP, announced today the termination of its Reverse Merger ("RM") discussions with InPlays, Inc. Henry J. Boucher, TEI's CEO said that while the transaction with InPlays had merit, it did not provide the best option for the shareholders of TEI. Mr. Boucher cited the Company's revenue growth of its operating subsidiary, the upcoming release of its redesigned e-commerce web site and the potential to expand the retail operations as reasons to continue the strategy put forth by the company over the last two years.
Furthermore, Mr. Boucher is happy to inform the shareholders that TEI is in talks with private investors to receive non-toxic financing for its retail consortium expansion. The financing could be used to push revenue into the million dollar range. Many have worried about a possible RM and Management wishes to set shareholders at ease by stating that there is no RM needed or planned in the foreseeable future. TEI is a fiscally conservative company and because operating capital has been limited, it has chosen not to issue press releases that do not address the underlying concerns for shareholders or properly express the direction of the company. Lastly management is discussing a possible share retirement program in order to reduce the current share structure to facilitate shareholder return and better reflect fair market value.
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.
Contact information:
Tesoro Enterprises, Inc.
26 Cross Street
New Canaan, CT 06840
203/930-7427
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
News
Company CEO volunteers to engage in periodic live chats with Shareholders
November 11, 2011
New Canaan, CT- Tesoro Enterprises, Inc. (TSNP:PK) announced that the CEO, Henry Boucher, will respond to written and live shareholder questions in a chat room format. Mr. Boucher will answer questions submitted in advance to his company e-mail address, (hjb@tesoroenterprises.us), and then open the chat for a live interaction with shareholders. Mr. Boucher stated that the plan includes half hour sessions on Monday mornings (9:00 to 9:30), beginning on November 21st; and, thereafter, on a by-weekly basis. The chat will be hosted by Askblasters.com and a transcript of the program should be available on both the company's and Askblasters' site shortly after the conclusion of the session.
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.
Contact information:
Tesoro Enterprises, Inc.
26 Cross Street
New Canaan, CT 06840
203/930-7427
True but right now value investors such as some of us here are looking for the right companies to load up before the market does :)
TSNP
Glad you are finding the company to be solid and with value. The CEO has been very impressive so far to me as a private investor. I only know of another CEO that is cooperative like Mr. Boucher but not the same degree. Despite the fact that Mr. Boucher is old school in running a business he is still open-minded to listen others and find value in their suggestions. I have dealt or still am dealing with OTC CEO's that are not as flexible and are pretty stubborn in their ways. TSNP's flooring business is one that always has demand from the market regardless as to whether we are in a recession, stagflation or expansion and with the right funding and yield very impressive revenues.
TSNP
I'm pretty positive there is a big investor coming in soon, I thought it would have been sooner but I guess with the way the market maybe something distracted the private investor. I can't wait for the funding be extended to the company and big money pushes this nicely.
TSNP
It seems to me like people have gotten use to scam companies that they forgot what they are supposed to look for in a real growing company. It's ok, there are enough people here who know what to look and and believe their is great value to be had here and time will soon prove that.
TSNP
PR's cost $700 a pop or $100 for OTC PR's, when you are managing a company well and not running a scam it is paramount to always keep cost as low as possible. He response to emails just fine and many shareholders here have spoken to him on the phone. However, he doesn't have time to pick up calls all the time and email is not quiet as efficient of a communication medium as Live Chat. Do you ever have any positive to say about real companies, or is it only limited to scam companies like APCX you were trying to get me to buy?
TSNP
Haha yeah.
It really isn't but the company needs to start throwing shareholders a bone.
VSHC
You people need to learn that shares moving from the OS to the float is not technically dilution. Dilution is either when you get a 504 offering that moves shares directly and within a week from the Authorized Shares to the float or shares issued but restricted from the AS to the Outstanding shares. Shares that have been in the restricted portion of the OS and then find themselves to the float is old dilution and not current.
Investors worry about OS increases as that dilutes the current market cap and therefore the price-per-share PPS. Traders worry about shares moving from the OS to the float which is not dilution but messes with their plans of quick flips.
VSHC
That's a bit old, I posted some nice DD about the flooring business during the summer that was more current. I will look for it later to upload but I wanted to leave room on the sticky for next week.
TSNP
Will do.
Damn I just reviewed a company today that has traded over $6m dollars and has a worst balance sheet than TSNP lol. Closed at a market cap of $43m yesterday. Trading at 130,000% premium, how is this even possible? People are throwing good money into bad with no hope of getting it back and they won't buy a .0001 stock which $1k can buy 10m shares lol. This world is just nuts.
TSNP
Possibly.
I can see his VSHC posts, maybe he posted on the wrong board and delete his post.
TSNP
Seriously and now trying to bully us out of our shares, which we paid x3 the price for.
VSHC
Seems like it.
VSHC
Don't be fool people, someone is coming in not big but say Medium collecting shares, Bruce you know what I mean. Don't sell out at a big loss at least pair some of your losses selling at .003 or higher.
VSHC
Exactly, If there is massive bid support then people that don't give a rats ass about the company, stock price or other shareholders will just flip for every tick and creates too much resistance. This way you can eliminate the weak hands first at the lowest price possible.
TSNP
MM's are doing nothing those are just retail orders sitting there, buying is what gets the price to move up and that requires awareness for others to see the value here.
TSNP
Going to have to bring that bid up to at least .002 to pick up a substantial amount of shares, I don't see anyone bid whacking at .0015 except for the odd ball yesterday.
VSHC
Haha, I actually miss that place :) Let's go TSNP, long and strong.
TSNP
Pre-market buy 3 minutes ago.
TSNP
Most here are holding to see what the next quarter of financials brings us since the CEO stated that depending on the revenue he may do a share buyback if the stock would still trade at the low level since the last conference call. The stock is actually trading lower right now and provides him with a great opportunity.
VSHC
Strongly agree and thanks.
TSNP
Today's Friday and usually TSNP gets a nice volume push. Let's finish eating up these 1's all.
TSNP
Oh please most of the market doesn't know its ass from its head or however the saying goes lol. It's simply no awareness on the company's part for the stock, a tough market all around and a lack of proper communications with the market. Basically, the stock is where it is right now because of shitty management. It's not that the market is pricing it at these prices but the market doesn't want to buy it almost at any price because they don't see how they will profit if the company doesn't care about the market aspect of its business.
VSHC
It can't be all of them, first a some further clarification.
Those shares were restricted shares and if I'm not mistaken under rule 144 but I will have to double check on that. Normally restrictions vary if they are affiliates or third parties. Now the grey line is whether these are 144 or 144A and if they are selling the shares back and forth to each other from different companies and then dumping them on the market which bypasses the restrictive tag. Also, VSHC makes claims to Swiss investors and under rule 144A they can have foreign entities bypass restrictions too. However, the state the restricted shares are something around 250m, so I don't know why they claim 152m float but it could be that some of the finance people are selling their shares at different time and causing the market to freak out too and there sell lower. You see if anyone would have had more than 25m shares they would have been an insider. Finance guys do a few small deals separately to bypass becoming insiders and then usually there are a few different entities doing a deal. The market only sees 440m shares issued and assume it was all to one party. When I first came into VSHC and began to accumulate Dab the CEO claimed there was some European finance guys selling shares but that they should have been nearly out of shares. Apparently that wasn't the case because I began to buy shares months after the 440m shares were given away.
VSHC
Market is no correct in valuating the stock at fair value, no where near. Moreover, there is no dilution, dilution only occurs when shares from the AS move to the OS because market cap is derived from the OS. There isn't any question as to whether or not there is dilution, the only dilution occurred before early in the year. The problem is the rate at which shares have been moving over to the float and the fact that I was informed before by both VSHC representatives and the CEO himself that the float was 78m shares and would not change, later to recant that statement and claim it was never made. I came in big during the summer absorbing significant amount of shares at every price up to .01 per share. At each price I absorbed millions of shares only to 6 months later be down massively. I spoke to management in many instances and decided to purchase shares based on the information received which happen to be not very reliable or forthcoming.
VSHC
the 440m shares are part of the current OS. I think you are confused, back in February when the shares were issued to pay off the debt the OS was only 100m+, when the 440m shares were added it then became 560m the amount we have known it to be for the past 6 months.
VSHC
Shouldn't be too much of a surprise the CEO has been in the past two quarters providing guidance on the financials. I'm more concerned with seeing cost and debt reduced, while growing revenue.
TSNP
I believe the idea from management is to have a private investor buy out the debenture guys so that they don't convert more. These .0001's in my opinion are flippers that didn't get a quick flip and sold back their ones. In addition, to a few that just wanted out. We will grind out these 1's for sure, there is no question about it.
TSNP