TEMN News
Team Nations Holdings Corp. Announces Cancellation of Series A Preferred and 1B Common Shares
Nevada / Accesswire / January 08, 2014 / Team Nations Holding Corp, (a Nevada Corporation) (OTCBB: TEMN), today announced that it has received the entire Series A Preferred shares and the 1 Billion restricted common shares that had been issued to the previous officers of the company. The shares have been delivered back to Clear Trust with the instructions to return to the authorized but unissued status.
“This reduced the outstanding by 1 Billion shares ” says Alonzo Pierce, CEO of Team Nation Holdings. Pierce also commented, “This is a tremendous win toward our reorganization plan and I am happy to put closure to this negative capital structure situation. The Company is continuing with financial audits and its efforts to bring the company completely current with the SEC. The company expects to be fully reporting by the end of the month ”
