I agree with everything you said. I am making a number of assumptions based on blanket statements that we can probably all agree apply to the OTC generally, but not necessarily to any particular stock. Well-managed dilution can be a good thing that benefits a company long term when the capital raised is reinvested wisely for future growth, but most of the time down here it is not. All those shares could be being bought up by "strong hands," as the saying goes, but is it likely that people are accumulating tens of millions of shares in light of all the recent news and developments? And on and on...
But that's kind of my whole point. Assumptions are all we have to go on right now because we have not been provided any verifiable or believable explanations by the company itself. Yes, every red flag, taken by itself, could always be innocuous or have some logical, reasonable explanation, but when you have several coming all together, the combined effect -- of buyins.net, frequent PR's containing no substantive news or trying too hard to spin setbacks into welcome victories, 150-200MM share days with 10MM share t-trades and no effect on PPS, not to mention some flat-out weird stuff happening of L2, like 50MM share bid support that disappears in an instant -- plus a lack of anything close to a satisfactory explanation from the company kind of encourages people like me to assume the worst.
If this is a real company, with a real product, and a real plan, and a real desire to raise the PPS and quell all the negativity on this board, then IMO it would be well-served by a clear, forthright, transparent shareholder update providing, at the least:
(1) a current, true and accurate statement of TEMN's current O/S, float and A/S counts, as of the day before the PR;
(2) a statement of where in the "very extensive" 3-step process for regulatory approval of the label and formula it is, how long each step will take, and when, honestly, it expects Besado to actually hit shelves (i.e., an actual date or date range, not "imminent" or "soon");
(3) disclosure of the repayment and/or conversion terms of all debt, an indication of whether it is restricted, and when that restriction ends pursuant to Rule 144; and
(4) some kind of explanation or justification for the volume/PPS action we have seen around here lately, but especially in the last two days (and one that does not involve blanket statements about "short selling attacks" or anything at all related to buyins.net or WOPR)
Anyways, I'll get off my soapbox now. Good luck.
