Most investors are almost always on the lookout for the next big thing among penny stocks and it seems RICH TV has managed to dig out an under the radar penny stock. The stock in question is Tesoro Enterprises, Inc. (OTCMKTS:TSNP) and over the course of the past month, the stock has been on a tear.
During the period, the stock has managed to gain as much as 2500% and it is no surprise that it was made the focus of the latest presentation from RICH TV.
On Tuesday, the company made a major announcement as well and it could be worthwhile for investors to take a closer look at it. The company announced yesterday that it made a deal with HUMBL LLC. RICH TV pointed out that HUMBL is involved in the blockchain and online wallet industry.
Considering the explosion in blockchain and higher usage of online wallets, it looks like a timely deal from Tesoro. The company teamed up with Singapore’s Cyberbeat and made the investment. By way of the transaction, Cyberbeat is going to get the rights to use, distribute and sell technologies created by HUMBL as well as HUMBL Hubs.
According to the latest video from RICH TV, it is the sort of transaction that could send Tesoro on the path to becoming another company akin to PayPal. On top of that, the price action in the stock is a clear indication that investors are quite excited about the latest transaction. In addition to that, it is also necessary to point out that investment in HUMBL is a significant deal for Tesoro.
HUMBL is a multi-national company and has extensive operations, which is why the latest deal is an indication that Tesoro is playing in the big leagues at this point.
HUMBL is best known for its merchant services software applications and its mobile wallet. In this regard, it is vital to note that the software applications created by HUMBL are now being used by governments in order to digitize their currencies, cross border payments, and also for bill pay services.
Since Cyberbeat is a part of the deal, HUMBL could also expand into other markets like Nepal, Myanmar, Vietnam, and India among others. The implications for Tesoro could also be significant. Investors could do well to keep an eye on it.
Featured image: Pixabay