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re: TSNP is turning me on

Posted on 2/4/21 at 2:09 pm to
Posted by Lucky_Stryke
central Bama
Member since Sep 2018
2496 posts
Posted on 2/4/21 at 2:09 pm to
quote:

fallguy_1978

ty sir
Posted by Richleau
Member since Dec 2018
3300 posts
Posted on 2/4/21 at 2:15 pm to
Yes I meant dollars. Sorry I’m new to this whole trading thing. I have 19000 shares.
Posted by RedMustang
Member since Oct 2011
6910 posts
Posted on 2/4/21 at 2:30 pm to
quote:

I think he meant 10K dollars, not shares.


Gotcha. Yes, you are probably right. I thought he meant 10,000 shares at $.50.
Posted by Adam4848
LA
Member since Apr 2006
19510 posts
Posted on 2/4/21 at 2:59 pm to
quote:

I closed my RH account and open a TD Amer account on Sunday specifically to buy this stock. I did $5000 transfer from my bank which cleared by Tuesday. It’s Thursday and my account is still on hold. This is a perfect fricking example why we need blockchain. In fact, we need a lot more of it. I missed getting in at $0.35. Could have already double my money but once again the man is cock blocking the little guy.


I feel your pain. A guy at TD said bank transfers are taking 4-7 days now.
Posted by GeauxGutsy
Member since Jul 2017
5537 posts
Posted on 2/4/21 at 4:17 pm to
quote:

I closed my RH account and open a TD Amer account on Sunday specifically to buy this stock. I did $5000 transfer from my bank which cleared by Tuesday. It’s Thursday and my account is still on hold.


I opened my TD Amer account Feb-March 2020, bank transferred and was buying stock a few minutes later. No waiting period. Perhaps their policy changed.
Posted by lsufan35
Member since Aug 2005
946 posts
Posted on 2/4/21 at 5:43 pm to
Still trying to understand this company. What do they offer that remitly or other international money transfer apps/companies do not? I have seen the pumpers all over fb tipping this stock and it doesn’t seem to be doing anything other companies aren’t already doing. My doubt about this company means all you baws that invested are gonna be rich, so congrats on that.
Posted by LSUneaux
New Orleans
Member since Mar 2014
4689 posts
Posted on 2/4/21 at 5:55 pm to
Dumb question, but institutions can’t short us until we are on the NASDAQ right? Meaning it’s all retailers on TSNP right now right?
Posted by LSU in Frisco TX
In the Green
Member since Oct 2006
752 posts
Posted on 2/4/21 at 6:16 pm to
If we hit $1.00 tomorrow boys it could be a big day for us, and a big week next week.

Fingers crossed!
Posted by Richleau
Member since Dec 2018
3300 posts
Posted on 2/4/21 at 7:34 pm to
Think of it as inventing a better wheel. Currently, money transfers take time, cost money, and are averse to using crypto. This removes those barriers by instantly transferring funds, securing the ledger with blockchain and freely allows crypto transfer. Further, this will convert funds on the fly in different countries. No longer does one need to have cash on hand in different currencies. It removes the need for costly credit card transaction fees. This basically neuters the current paradigm which is many decades old. On top of that, it bypasses yelp and google reviews by having it's own platform on the app. Simply rate and review vendors there. All a vendor needs is a QR code and all the consumer needs is a phone and the app. Freely shop anywhere in the world using any currency in the world. From what I've seen, the service only costs the vendors 5 dollars a month to use. It lowers the barrier of entry and allows vendors to cut costs and deliver products at cheaper levels. It fricking rocks my dewd. Also, consider getting FORW as the two are linked via a 50 million dollar contract warrant. When TSNP goes up, so does FORW.
This post was edited on 2/4/21 at 7:43 pm
Posted by lsufan35
Member since Aug 2005
946 posts
Posted on 2/4/21 at 8:15 pm to
That’s the kind of explanation I was looking for. Have not been able to get a decent breakdown anywhere. Thanks
Posted by slackster
Houston
Member since Mar 2009
89931 posts
Posted on 2/4/21 at 8:27 pm to
quote:

Think of it as inventing a better wheel. Currently, money transfers take time, cost money, and are averse to using crypto. This removes those barriers by instantly transferring funds, securing the ledger with blockchain and freely allows crypto transfer. Further, this will convert funds on the fly in different countries. No longer does one need to have cash on hand in different currencies. It removes the need for costly credit card transaction fees. This basically neuters the current paradigm which is many decades old. On top of that, it bypasses yelp and google reviews by having it's own platform on the app. Simply rate and review vendors there. All a vendor needs is a QR code and all the consumer needs is a phone and the app. Freely shop anywhere in the world using any currency in the world. From what I've seen, the service only costs the vendors 5 dollars a month to use. It lowers the barrier of entry and allows vendors to cut costs and deliver products at cheaper levels. It fricking rocks my dewd. Also, consider getting FORW as the two are linked via a 50 million dollar contract warrant. When TSNP goes up, so does FORW.


Please correct me if I’m wrong, but their platform is more hypothetical than it is a reality. You laid out the dream, but their app is still in beta testing, no?

I believe they’re pre-revenue too. Again, if I’m wrong, let me know. Apparently Humble is a $4B company that was uncovered by a flooring company SPAC if we’re to believe the current valuation.
Posted by el Gaucho
He/They
Member since Dec 2010
56939 posts
Posted on 2/4/21 at 8:29 pm to
You realize that the stock market is disconnected from reality right? Like 1000 people own a Tesla

Keep investing in Coca Cola and Exxon baw
Posted by Richleau
Member since Dec 2018
3300 posts
Posted on 2/4/21 at 8:53 pm to
I hear ya and in part you’re right but you’re mainly wrong. You see, they’ve already got some of the best talent in many of these disrupted industries, moneygram, western union, etc who already know how the sausage is made and more importantly know the pitfalls and traps of the current system.

They have been working since 2017 on how to implement their strategy and with Brian Foote at the helm we are seeing it unveil piece by piece in planned rhythm. They have already secured the foundation in 100 different countries so that when the app does drop which will be very soon it will instantly work with out hiccup and snare at first a niche world audience that is hindered by the current paradigm. Just imagine the cost savings to businesses and likewise the consumers if the percentage fee per transaction was lifted?

Think of the long lines waiting at the bank to cash ones check and the fees attached. Think of the cost of wiring funds to family members in other countries. Think of the hardship of using Bitcoin per transaction. We are talking real time exchange rates, real time transactions, global blockchain ledgers, from simple peer to peer transactions all the way to government transactions.

They have even shielded ground floor investors through their stock warrant to FORW and they seek vertical integration via acquisitions which means as they grow there will be less and less supply of current common stock. This protects you from major dips and with each acquisition your stock price will jump as demand will continue to grow yet supply will shrink.

They are building a monster and what you see today is not indicative of what has already been accomplished behind the scenes. I’m so fricking excited for this, we all should, because it means cheaper goods for all and now joe schmoe who just wants to see fruit at the farmers market can jump into business with same day vendor setup. This shite is like Venmo on steroids, it secures a market PayPal has yet to touch and it blows square out of the water.

Their target is global and in the long run you can feel good about yourself for supporting a worthwhile company if that matters to anyone as well.
This post was edited on 2/4/21 at 8:58 pm
Posted by slackster
Houston
Member since Mar 2009
89931 posts
Posted on 2/4/21 at 8:58 pm to
quote:

hear ya and in part you’re right but you’re mainly wrong. You see, they’ve already got some of the best talent in many of these disrupted industries, moneygram, western union, etc who already know how the sausage is made. They have been working since 2017 on how to implement their strategy and with Brian Foote at the helm we are seeing it unveil piece by piece in planned rhythm. They have already secured the foundation in 100 different countries so that when the app does drop which will be very soon it will instantly work with out hiccup and snare at first a niche world audience that is hindered by the current paradigm. Just imagine the cost savings to businesses and likewise the consumers if the percentage fee per transaction was lifted? Think of the long lines waiting at the bank to cash ones check and the fees attached. Think of the cost of wiring funds to family members in other countries. Think of the hardship of using Bitcoin per transaction. We are talking real time exchange rates, real time transactions, global blockchain ledgers, from simple peer to peer transactions all the way to government transactions. They are building a monster and what you see today is not indicative of what has already been accomplished behind the scenes. I’m so fricking excited for this, we all should, because it means cheaper goods for all and now joe schmoe who just wants to see fruit at the farmers market can jump into business with same day vendor setup. This shite is like Venmo on steroids and it secures a market PayPal has yet to touch. Their target is global and in the long run you can feel good about yourself for supporting a worthwhile company if that matters to anyone as well.


So my question still stands - why did a company that’s worth $4.5B at today’s close go public via an essentially defunct flooring holding company? Wouldn’t they want to raise a ton of capital to help their business? Why did they sell rights to 500 million warrants to someone with 13k Twitter followers and not any of the hundreds of venture capitalists who are essentially throwing billions at pre-revenue companies via SPACs?
Posted by thejudge
Westlake, LA
Member since Sep 2009
14749 posts
Posted on 2/4/21 at 8:58 pm to
LINK

Opens up services in 100 countries. Used as investing digitally.

They plan on expanding to one click services for exchainging money as well.

Their investor presentation from December was great. Bought in after watching it. They expected to be launched in 40 countries. Expanded to 100. They are not in the US yet due to much more regulation to get through.
Posted by Richleau
Member since Dec 2018
3300 posts
Posted on 2/4/21 at 9:02 pm to
No idea. I do know Mr. Sharpe is not fond of pump and dumpers and is quick to call them out. Perhaps they found mutual interest but that is a question you’d have to ask him or Mr. Foote.
This post was edited on 2/4/21 at 9:02 pm
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 2/4/21 at 9:05 pm to
One thing I don’t understand is why aren’t companies like PayPal or Square rushing to address this market if it’s such a gold mine?
Posted by slackster
Houston
Member since Mar 2009
89931 posts
Posted on 2/4/21 at 9:13 pm to
quote:

Opens up services in 100 countries. Used as investing digitally.

They plan on expanding to one click services for exchainging money as well.

Their investor presentation from December was great. Bought in after watching it. They expected to be launched in 40 countries. Expanded to 100. They are not in the US yet due to much more regulation to get through.



A company that is offering block chain algo investments in 100 countries, plans to be PayPal for 7 billion people worldwide, and has its own vendor platform doesn’t go public via Tesoro Enterprises.

Humbl merged with Tesoro @ a $21MM market cap and it’s over $4B now. How that doesn’t raise a ton of red flags blows my mind.
Posted by Richleau
Member since Dec 2018
3300 posts
Posted on 2/4/21 at 9:26 pm to
Well it appears they have and the name change and ticker change is happening in the next month or earlier. I strongly urge you to listen to their recent investor call as it clear up a lot of questions you have.
This post was edited on 2/4/21 at 9:27 pm
Posted by thejudge
Westlake, LA
Member since Sep 2009
14749 posts
Posted on 2/4/21 at 9:29 pm to
Who says they aren't?

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