HUMBL Inc (HMBL)

[BrassBalls420]

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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