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Thursday, June 02, 2011 1:40:19 PM
What do you think about TEMN? Looks like it might be good for a run from here. It also looks like there current and reporting 
This is the reason for the drop this week
"As anticipated, the Company's independent auditors, Kelly & Associates, have confirmed the removal of all derivatives associated with the financing resulting in a positive balance sheet adjustment of $1,338,005.81. The Company had entered into the agreement on November 18, 2009 and to date the Company had received a total of $125,000 of total proceeds under the agreements, all of which had been converted under the operative agreements into common shares of the Company's stock. The determination for cancellation was made upon review of the accounting and conversion provisions of such notes; consideration matters and current market conditions called for the cancellation of such agreement.
Dennis R. Duffy, Cofounder and Board member of TEAM, stated, "We are pleased to follow through with the removal of liabilities that create a drag on our financial statements and present a skewed picture of the company's progress and potential. We will continue to seek operating capital that will fund our national expansion plan and will make every attempt to bolster our balance sheet wherever possible."
This is the reason for the drop this week
"As anticipated, the Company's independent auditors, Kelly & Associates, have confirmed the removal of all derivatives associated with the financing resulting in a positive balance sheet adjustment of $1,338,005.81. The Company had entered into the agreement on November 18, 2009 and to date the Company had received a total of $125,000 of total proceeds under the agreements, all of which had been converted under the operative agreements into common shares of the Company's stock. The determination for cancellation was made upon review of the accounting and conversion provisions of such notes; consideration matters and current market conditions called for the cancellation of such agreement.
Dennis R. Duffy, Cofounder and Board member of TEAM, stated, "We are pleased to follow through with the removal of liabilities that create a drag on our financial statements and present a skewed picture of the company's progress and potential. We will continue to seek operating capital that will fund our national expansion plan and will make every attempt to bolster our balance sheet wherever possible."
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