HUMBL, Inc., (OTCMKTS PINK:TSNPD) Gained As Much As
1,287,400% In The Past Four Months. It Is Officially The First
Time We Have Ever Witnessed A Penny Stock Gain Over 1 Million Percent.
Here Is The Updated Timeline Of Events That Made This Happen.
It has been nearly three months since our last update in our public news update series on Tesoro Enterprises, Inc., (OTCMKTS PINK:TSNP) but we are excited to provide another update on this one because it has continued to see absolutely incredible price appreciation beyond the likes of anything we have ever seen in our time reporting on penny stocks. We want to mention first here that due to a recent name change, reverse split, and upcoming symbol change, the company is now officially renamed to HUMBL, Inc., with ticker symbol temporarily set to TSNPD, due to the full completion of the reverse merger and a recent 1:4 reverse split. In our last TSNP update, we were excited to discuss the fact that TSNP had gained a whopping 334,900% over the course of just six and a half weeks. Now, just a little less than three months later that move that had amazed us then has proven to have just been the beginning because TSNP has now gained as much as 1,287,400% from an open at $.0001 on October 21st 2020, now adjusted to $.0004 after a recent 1:4 reverse split, to a high of $5.15 this past Friday. No, that is not a typo and it is such a mind-blowing number that we had to triple check it to be sure that it was correct but after doing so, we can confirm that the chart speaks for itself and this gain is correct. In many years of covering penny stocks, this is the first time that we have ever seen one gain over 1 million percent. At Friday's eventual close at $4.83 it still holds a gain of 1,207,400% in just over four months. As we have mentoned in each of our prior updates on TSNP, this one was unfortunately not a pick for our Platinum Members even though we initially planned to release it at $.0013 on November 10th 2020. We delve further into the details of what happened there in nour write-up below. Our interest in covering TSNP has entirely been due to the fact that the amount of growth it has seen is a truly historic event and in the lifetime of our existence we have collectively never seen a penny stock run up this much. Even so, our own picks have seen extensive gains lately, which we will also provide the details of.
We have previously provided significant news coverage on TSNP and its planned merger with global payments FinTech company, HUMBL, Inc, and made sure to mention within our first TSNP news update and within each news update since then, that while we initially intended to release TSNP as a pick for our Platinum Members on November 10th 2020 when it was trading at just $.0013, but we ended up anandoning the idea because our team was exhausted from researching potential penny stock picks late into the morning that day until 4:30 am and what a mistake that was! We hoped to wait one extra day before the run began and then it surged up nearly 100% or more that day and nearly each of the five trading days afterward and then we just entirely scrapped the idea of releasing it, which ultimately became the worst mistae that we have ever made.
We even sent an email to our Platinum Members on November 13th 2020, apologizing for not releasing TSNP as we had planned, because on that day it opened at $.0069, which with the recent reverse split taken into account, is now $.0276 which was a gain of 6,800% from the time that we had initially planned to release it. At the time that missed gain seemed wirth the apology but in hindsight it was nothing at all in comparison to where it was headed and at minimum did at least bring the HUMBL reverse merger to the forefront of the minds of our Platinum Members even if in a roundabout way.
Even without TSNP, we are still proud to be able to mention that the stock picks that we have sent to our Platinum Members saw a combined gain of 7,474.47% in 2020 and they have already seen a combined gain of 2,8 in the first two months of 2021. Even with that great success it is still disappointing that we did not release TSNP as a private alert as had been planned.
We previously provided our time-line of TSNP news events, in which we provided investors with a full explanation of all of the key news events that led up to and continued the run on this penny stock pick through early December. In this update we will provide a time-line of key TSNP events below, to explain what new events have led to this continued surge in TSNP price. Also, we want to mention again that TSNP is currently TSNPD due to a combined name change, recent reverse split, and expected upcoming ticker symbol change, therefore to get accurate pricing data, you will have to search the ticker as TSNPD:
Tesoro Enterprises, Inc., Announced That It Had Completed Its Merger With HUMBL, LLC Along With A Request For FINRA To Allow A Ticker Change To HMBL:
On December 9th 2020, Tesoro Enterprises, Inc., announced that it had officially completed its merger with FinTech payments company, HUMBL, LLC. Within the announcement that company stated that additional amendments were being filed with the Delaware Secretary Of State's office to change the name of the corporation to “HUMBL, Inc.” The news update also mentioned that preparation was being made to file requests for corporate action with the Financial Industry Regulatory Authority, (“FINRA”) in order to have the public entity renamed “HUMBL, Inc.” and the ticker symbol changed to HMBL. The update also went on to say that as a result of the completion of the merger, HUMBL was able to complete agreements on November 23rd 2020, in order to raise funding through the cash sale of warrants that would provide the company with access to up to $50 million in equity funding as the warrants are exercised.
Tesoro Enterprises, Inc., Announced HUMBL's Pilot Launch Of HUMBL Studios:
On December 17th 2020, Tesoro Enterprises, Inc., announced the pilot launch of HUMBL Studios, which aims to give global small business merchants a way to better connect their businesses to online shoppers on the HUMBL Marketplace. This marketplace will allow merchants to create their own online marketplaces at listing fees that could be 50% lower than competing marketplace providers.
HUMBL Announced The Launch Of It's HUMBL Financial Division:
On January 25th 2021, Tesoro Enterprises, Inc., announced the launch of it's new division, “HUMBL Financial.” The purpose of this division is to provide customers, merchants, and institutions, with blockchain-based financial services and partners through the HUMBL platform. The update stated that HUMBL Financial would soon offer third party financial services in areas such as investments, credit card services, and lending. The update also went on to say that HUMBL Financial is focused primarily on digital asset trading markets.
Tesoro Enterprises, Inc., Announced The Launch Of Their BLOCK Exchange Traded Index (ETXs) Lineup In Over 100 Countries:
On February 2nd 2021, Tesoro Enterprises, Inc., announced the product launch of its Block Exchange Traded Index (ETXs) lineup in over 100 Countries across North America, Latin America, Asia, Middle East, Africa, and the Caribbean.
According to the news update “the Block ETX lines were created by HUMBL Financial to give retail investors access to “one-click” software services on the new digital asset trading markets. The BLOCK ETXs track three different vertical themes: Index, Active and Thematic strategies, allowing customers simplified portfolio exposure to new blockchain trading markets.” Within the update the CEO of HUMBL, Mr. Brian Foote was quoted as saying that the long-term mission at HUMBL is to develop a Web 3 platform that will allow users to “trade, track, and pay in more synthetic ways across the blockchain.”
HUMBL, Inc., Announced That The Financial Industry Regulatory Authority (“FINRA”) Processed The Companies Requested Name Change And It Is Now HUMBL, Inc, And No Longer Tesoro Enterprises, Inc:
On February 25th 2021 HUMBL, Inc., released a press release announcing that it's request with the Financial Industry Regulatory Authority was approved to have its name officially changed from Tesoro Enterprises, Inc., to HUMBL, Inc. Along with the name change, HUMBL also revealed that it had enacted a one share for four shares reverse split of the companies common stock and made other changes to the share structure, such as the creation of a restricted preferred classes of shares that would be issued to former members of HUMBL, LLC and prospective investors of HUMBL. The company stated that this reverse split was meant to limit volatility and make it easier for current and prospective investors to pinpoint the true value of the companies common stock. The reverse split would also force any outstanding short positions to cover their position. The reverse split is the reason for the temporary ticker symbol change to TSNPD, which will later be changed to HMBL on March 26th 2021.
As you can see the HUMBL, Inc reverse merger saga has continued to be just as exciting as it has always been with this fast growing company officially having seen the largest run we have ever seen a penny stock make in all of our years reporting on micro-cap stocks trading within the OTC Market. We are eager to see what may come next for this company, that has consistently surprised the overall penny stock investment community with its nearly unrelenting strength thus far.
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