Friday, September 16, 2011 11:02:42 AM
Then I have read your speculations and decided to buy some.
Team Nation Holdings Corp ( OTC:TEMN ) has entered in a trading channel between $0.0005 and $0.0003 since it fell sharply down on a heavy volume at the beginning of June. A long time ago, the company was traded at $15 per share, but it took less than three years for the stock to crumble down to the lowest possible value on the chart. While in May TEMN was still in the upper realm of the triple-zero stocks, this month the stock is closer to the ultimate bottom of the chart than ever. The $0.0003 per share was the lowest value of TEMN stock since its existence on the market. There hasn't been any trace of news or reports since the end of May, so there is no clear explanation of the recent stock crash. Presumably, the very downward line on TEMN stock chart and the detrimental financial state of the company are the main factors which discourage investors who are more and more keen on dumping their TEMN shares. The last quarterly report indicates that the company hadn't issued additional stock to finance its activities during that period. However, the company's short- and long-term debt is still overwhelming its assets. At the same time, TEMN's assets which are valued at $3 million, are mostly intangible or pertain to related parties. At this stage, no one can tell how long TEMN will remain in the triple zeros mire if it manage to extricate itself at all. Furthermore, it is now easily visible that TEMN has lost investor interest, which is reflected by the evaporated trading volume.
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