Replies to post #50382 on HUMBL Inc (HMBL)

[CopperMining]

Agreed. Look at Market Cap not share structure. If this trades at 1% of PayPal Market Cap the pps is $0.60. If it trades at only 10% of PayPal the pps is $6.00. Market Cap can rise quickly if people are willing to price a stock on POTENTIAL. This thing could move early.

[samsamsamiam]

Bloated share structure

Authorized Shares
5,000,000,000
12/04/2020
Outstanding Shares
3,996,709,773
12/04/2020
Restricted
360,955,260
12/04/2020
Unrestricted
3,635,754,513
12/04/2020



Plus add the preferred shares that show up in Delaware

Total Authorized Shares:
State Of Delaware
:
5025000000

Common 5,000,000,000 and preferred stock: 25,000,000


——-
But then again the company claimed in a press release:

The company does not anticipate that the number of common shares outstanding will increase during the remainder of 2020 and throughout 2021.
That just apply to common shares as the hand out preferred?
Preferred that would be protected from dilution and reverse splits?
Do those preferred have a anti-dilution provision in place?


Tesoro Enterprises, Inc. CEO to Lock Up Over $10 Million Worth of Stock Purchased Directly Out of the Market
Press Release | 11/17/2020
San Diego, CA, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Tesoro Enterprises, Inc. (OTC Pink: TSNP) (“Tesoro”) announced today that the company’s CEO and President, Brian Foote, has agreed to convert over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares.

The conversion will be transacted following the imminent completion of the merger between Tesoro and HUMBL LLC, which will coincide with the redomiciling of the corporation to Delaware.

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.


———
Is there a new class of preferred? Or the same class that already existed?


———-
If TSNP no longer reports to the SEC, what is being reported to them???


Tesoro Enterprises, Inc. Retires Over 551 Million Common Shares
Press Release | 11/13/2020
San Diego, CA, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Tesoro Enterprises, Inc. (OTC Pink: TSNP) (“Tesoro”) Corporate Secretary, Jeffrey Hinshaw, announced today that the company is retiring 551,669,335 million common shares that Tesoro President, Brian Foote, agreed to surrender without consideration. These shares were acquired by Mr. Foote from the previous Tesoro President for value received from Mr. Foote. These stock transactions will soon be represented in reports filed with the United States Securities and Exchange Commission (“SEC”).



———-
Why is Brian Foote’s name not on the OTC Page yet? And George and Hinshaw’s are?


COMPANY OFFICERS & CONTACTS
Jeffrey Hinshaw
Secretary
George A Sharp
Consultant
COMPANY DIRECTORS
Jeffrey Hinshaw


——-
I’ll keep asking the questions while you all keep making money!!! Lol