Tesoro Enterprises Share Price Goes Wild - New Article
If you are looking for the 2021 Unicorn, you may be assessing electric vehicle businesses or marijuana companies. I cannot blame you. Right now, those two sectors are performing well. With that, let me discuss an industry and a stock that traders will most likely push up in 2021. The name of the company is HUMBL. It is an app developer offering digital payments all over the world:
The mission of HUMBL® and HUMBL Hubs™ is to deliver high quality, low cost digital payments and financial services. The HUMBL network was designed to support vertical markets such as government, banking, wireless and merchants in locations like Latin America, Caribbean, Asia and Africa who are seeking to migrate to digital payment and financial technologies, to help reduce costs and improve settlement speeds for customers.
The Deal With Tesoro Enterprises, Inc. (OTCMKT: TSNP)
On December 9, 2020, the company released a deal with TSNP, which would give HUMBL, LLC access to the financial markets in the United States. In my view, the deal is exciting for employees and shareholders. Notice that the company is about to receive equity financing of $50 million, which will be used for marketing and app development. In my opinion, not a lot of traders know the company. Most traders don’t know about this deal. If we can buy shares before the public gets to know about the business, we may make good stock returns.
As a result of the completion of the merger, HUMBL was able to consummate November 23, 2020 agreements to raise funding through the cash sale of warrants. As these warrants are exercised, HUMBL will access up to $50 million in equity funding, to be used for marketing of the HUMBL global brand; the HUMBL® mobile app and HUMBL Hubs® merchant software; as well as distribution and partnerships around the world.
That’s not all. The share count is also decreasing, which will most likely make the intrinsic valuation of each share increase. The President of the company, Brian Foote, announced that the company would convert 318 million shares. As a result, the company is expecting to reduce the share count by over 860 million shares. According to the OTC Markets website, the current share count is equal to 3,907 million shares. The management announced that in 2020 and 2021, the total amount of shares outstanding is not expected to increase. That’s quite ideal for traders buying shares right now:
Tesoro Enterprises, Inc. announced today that the company’s CEO and President, Brian Foote, has agreed to convert over 318 million shares. Upon completion of the conversion, Tesoro’s issued and outstanding number of common shares will have been reduced by over 860 million shares since Mr. Foote became President of Tesoro.The company does not anticipate that the number of common shares outstanding will increase during the remainder of 2020 and throughout 2021.
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