TSNP stock is a name that we first brought to everyone’s attention back in November when the stock was trading at just $.0069 a share, which you can read here. We said that the merger was a really big deal and folks that got in and stayed in are sitting on over 19,000% in gains!!
A $1000 investment would have gotten you 144,928 shares at the time. The market cap of TSNP back in November was just $21 million.
Now that the company has achieved Unicorn status, the shorts have been spreading disinformation on Seeking Alpha and InvestorPlace trying to scare investors. This is a common tactic by the shorts that causes nervous longs to sell their shares causing the price to drop.
We call this short and distort. In this article, we will show why investors should ignore the shorts and why there are wrong when it comes to TSNP stock.
TSNP Stock
First up, here’s a little background info for those that are new to TSNP stock. TSNP was a clean shell trading on the OTC Markets when OTC Markets whiz George Sharp brokered the merger between TSNP and HUMBL.
On the NASDAQ and NYSE, we would call this a SPAC while those familiar with OTC Markets call it a reverse merger. A publicly-traded vehicle merges with a private company to create a new pubco (public company).
Existing shareholders of TSNP maintain their shares and once FINRA approves the name and symbol change, it will become HUMBL (OTCMKTS: HMBL).
