Holy shit, nobody saw this was a share buy back? "Company Issues Consent Action instructing management to purchase the Corporations Common Stock
July 21,2020
Tesoro Enterprises, Inc. (TSNP) The Sole Director ) today announced that its Sole Board of Directors member has issued a Consent Action in Lieu of a Meeting of the Board of Directors pursuant to the Oklahoma Business Corporation Act. The Consent Action is embedded below:
CONSENT ACTION IN LIEU OF A
MEETING OF THE BOARD OF DIRECTORS OF
TESORO ENTERPRISES, INC.
WHERE AS, the undersigned is the sole director of Tesoro Enterprises, Inc., an Oklahoma corporation, and desires to take the action hereinafter set forth without a duly called meeting of the directors pursuant to the Oklahoma Business Corporation Act; and
WHERE AS, the common stock of the corporation has been trading on the OTC Markets Pink Sheet exchange for several years under the symbol TSNP; and
WHERE AS, the Board of Directors desires that management make use of the common stock to discharge certain current and potential future corporate financial obligations, provide flexibility to management for potential business transaction and possibly reduce the amount of the corporation’s outstanding shares;
NOW, THEREFORE, the undersigned hereby adopts the resolutions which shall have the same force and effect as if adopted at a duly called meeting of the directors.
RESOLVED, that management of the corporation be instructed to purchase, in the open market and at the best terms acceptable to management, up to One Hundred Million (100,000,000) shares of the corporation’s common stock, at any time, in whole or in part, over the next twelve (12) month period, “the accumulation Period”, beginning on the effective date of this Consent Action;
FURTHER RESOLVED, that management use a portion of these shares, in its sole discretion, to discharge existing or potential future obligations of the corporation;
FURTHER RESOLVED, that management use a portion of these shares, as working capital for potential business transaction/combinations approved by the Board of Directors;
FURTHER RESOLVED, that management retire any unused common shares at the conclusion of the 12month period following the end of the “Accumulation Period”.
This Consent Action is effective as of July 21, 2020.
/s/Henry J Boucher Jr.
Sole Director"
