TSRD is looking like a multi-day runner. The chart is set up for good movement, the current S/S is very favorable. Plus, today's volume has been above the 10 day avg before lunch. Not to mention that the acquisition update has been on pinksheets only and has yet to hit the newswires. This one has great things written all over it in our honest opinion. Plus they are recently current on pinksheets which tells us this is an active company.
# Outstanding Shares 149,322,000 as of Feb 5, 2010 # Authorized Shares 500,000,000 as of Dec 31, 2009 # Float(shares) 84,084,228 as of Feb 5, 2010
52 wk. High 0.49
Acquistion Update
Mar 3, 2010 Pink OTC Markets News Service
Westport, CT —
A leading investment banking firm, the Company has been working with, has completed its preliminary evaluation of the prospective acquisition referenced in the Company's news release of Februaury 5, 2010. While they have established several potential pricing scenarios, there is no assurance that the seller will accept the evaluation results. In addition, even if the seller accepts the evaluation, there is no guarantee that the capital can be raised at a price accepable to the Company.
Information concerning the Company is available on our web site at www.tesoroenterprises.us or by contacting us at 191 Post Road West, Westport, CT 06880.
Tesoro Enterprises, Inc. announces the signing of a Letter of Intent for an acquisition
Feb 5, 2010 Pink OTC Markets News Service
Westport, CT —
On February 4, 2010, Tesoro Enterprises, Inc. ("Tesoro") announced the signing of a non-binding Letter of Intent ("LOI") to acquire a long standing natural stone fabricator and wholesale/retail distributor. The acquisition is subject to due diligence, adequate financing, successful negotiation of a final price and the execution of definitive purchase and sale agreements. Tesoro's CEO, Henry Boucher said "While there is still a lot of work to do, we are excited about the opportunity and look forward to successfully completing this transaction; however, there is no guarantee that we will reach a mutually acceptable price nor that the financing will be available at a rate acceptable to Tesoro".
In addition to the operations of the target company, the acquisition would include land, buildings and equipment. Tesoro believes that the acquisition will add revenue, broaden the product base and expand the geographical coverage of its current operations. The target company has a long track record of stable revenue and positive EBITDA.
Information concerning the company is available on our website at http://tesoroenterprises.us or by contacting us at 191 Post Road West, Westport, CT 06880.
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