Read a few important highlights below:
[…]TEAM Nation Holdings Corporation (“TEAM”) (OTCBB: TEMN) is pleased to report that the Company, on March 11, 2011 , cancelled its agreements with JMJ Financial for the financing of the Company through six $500,000 convertible promissory notes.[…]
[…]Dennis R. Duffy , Cofounder and Board member of TEAM stated,
“While the financing arrangement was deemed prudent in 2009, we are pleased that we are able to continue our growth plan without seeking financing under the convertible note platform. The anticipated removal of derivative liabilities associated with the financing will improve our balance sheet and allow for more conventional finance options in the future.”[…]
Clear enough? No more convertible debentures that brought stock price from nickel to the triple zeros in a year term, no more dilutive injections into the market…
Session result: TEMN opened @ .0012 on Friday, reached .0018 on over 41M shares in volume & closed at .0014.
We’re expecting the continuation of the buying pressure & break of the mid-February highs of .0038 in the following trading sessions.
About TEAM Nation Holdings:
TEAM Nation Holdings Corporation (OTCQX: TEMN)
4667 MacArthur Blvd. Suite 150,
Newport Beach CA 92660
TEAM Nation Holdings (“TEAM”) is a management and services company specializing in title and escrow services, national settlement services, production, joint-use, and ancillary services supporting the national real estate industry and its service providers. Through its management contracts and direct operations, TEAM provides a one-stop shop for settlement and escrow services, title insurance issuance, national appraisal production, hazard disclosure, pest and termite inspection, and more.
Interview with Dennis R. Duffy