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hedge_fun

08/23/14 9:36 AM

#44522 RE: common_cents #44518

WRONG. AP doesn't have to explain it.

I know he doesn't have to, but if he was planning, as was alleged, to file Form 10 and become fully reporting, he would have had to. he would have had to explain all issuance's and the consideration.

Something really strange is going on here. He's getting advice that makes him look like a complete idiot. That's what happened before and he's in the same situation as he was with Huffman and Klein.

Shhhhh Alonzo, don't explain anything. Let's keep the share price well below a penny and blame Phantom Shorty. Don't tell anyone who got what and why. Shhhhhhhhh Alonzo.

Geez.....

And now he's happy to be in discovery? Really?

The case is somehow getting very convenient, to say the least. Let's see if he's advised to drag it out, and does, or if he cleans house. He seriously needs to get the heck away from some people, that's for sure. When the shares are all gone, they'll be gone too.

All issuance's need to be explained. It's called being accountable. It also makes questions go away and could increase shareholder value.

But you're right.......he doesn't have to explain anything, though the plan was he would by now.

Hmmmmmm







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Carini

08/23/14 10:36 AM

#44527 RE: common_cents #44518

Help me understand this, from the filings:

Q1:

Long Term Liabilities
Notes Payable
Chris Babinski 25,000.00
OTCGP 25,000.00
Steve Cao 25,000.00
Notes Payable - Other -10,842.95
Total Notes Payable 64,157.05
Total Long Term Liabilities 64,157.05


FINANCING ACTIVITIES
Notes Payable (65,000.00)
Notes Payable:Chris Babinski 25,000.00
Notes Payable:OTCGP 25,000.00
Notes Payable:Steve Cao 25,000.00

Net cash provided by Financing Activities 10,000.00


So does this mean that TEMN took in $75,000 worth of cash via convertible (?) notes, and then paid back $65,000 worth of that in... what... shares? Was there a conversion price? How many dozens of millions of shares is $65,000 converted at discount prices? Why do the numbers between the two sections not match up? Can anyone explain what this means (I honestly just don't understand it)?

Same questions this last quarter:

Q2:

FINANCING ACTIVITIES
Notes Payable (50,000.00)
Notes Payable:Chris Babinski 25,000.00
Notes Payable:OTCGP 50,000.00
Notes Payable:Steve Cao 25,000.00

Notes Payable:Eastern Distributors 30,000.00
Notes Payable:Greg R Labute 25,000.00
Notes Payable:James M Erikson 15,000.00
Notes Payable:Jeffrey D Hengdesh 15,000.00
Notes Payable:Micaddan Marketing 90,000.00
Notes Payable:Nicolas D Wallace 12,500.00
Notes Payable:Raymond A Ciarello 45,000.00
Notes Payable:Shane L Hengesh 30,000.00
Notes Payable:Ting Jing Yuan 25,000.00

Net cash provided by Financing Activities 337,500.00


If there was $65,000 paid on notes in Q1, then why do the 3 notes in Q1 still show the same values in Q2 (in fact, OTCGP has increased by another $25k)? Are these new notes? If not, then what notes were paid on in Q1? Were they paid in shares I assume?

Any help anyone?
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hedge_fun

08/23/14 12:35 PM

#44541 RE: common_cents #44518

it's a GOOD thing there aren't an additional 50 MM shares in the O/S's out there, isn't it????

When Alonzo, who appeared convinced the stock should be at 2 cents, fell for the Phantom Shorty BS, I knew it was time I went elsewhere.

I learned a lot. Seeing someone you considered a friend either complicit or ignorant of the games the new Bruce Klein's on the block are playing isn't in the least bit fun. It's rather disappointing.

That said, I can't particpate in a pump and dump. I wouldn't accept payment at this point. Besides, it was based on TEMN becomong clean.....ie fully reporting and the chill removed.

Right now TEMN still stinks to high heaven. As I said, the court case appears to be a convenient excuse to keep issuance's quiet.....at least by TEMN.

Please know.....just because TEMN decides to keep things quiet, it doesn't mean things won't be disclosed.

Just sayin'

Been deep sea fishin' lately, or did Anthony (BK2) not invite you?

Just askin'