DD prior of the Acquisition by Emperial Americas
TEMN Basic "DD" Summary ( done by me 8/25/2011)
This is a real company TEMN & Calcounties with lots of potential for growth IMO...but there is still risk involved after looking at the 2nd Quarter results, hopefully some of the rumors or expansion is still in there plans. "Trade Safe"
Team Nation Holdings Corp
4667 MacArthur Blvd. Suite 150 / Suite 310
Newport Beach CA 92660
Phone: 949-514-6267 / 1-888.350.TEMN
> Management Business Profiles <
- TEMN Management
- CalCounties Directors
-
> Mr.Dennis R.Duffy
> Ms. Janis Okerlund Tel: 949-514-6267 Email: janis@teamnationholdings.com
> IR firm www.lightningstockleads.com with Violet Shockley Tel: 713-444-0924 / Email : info@TeamNationHoldings.com
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1- TEMN Revs Results in 2010 = + 553k vs 2009 Net loss of -3.6mil = Overall Improvement of $4.2 Mil From 2009.
2- Comparison of the 3 Month Period Ended June 30, 2011 to the 3 Month Period Ended June 30, 2010
> Our revenues for the 2nd quarter 2011 totaled $306,066 compared to $394,680 during the prior year.
3- Cost & Expenses : General and administrative expense amounted to $330,332 in 2011 as compared to $326,606 remaining virtually even. Director Fees are the same at $48,000 in 2010 and 2011.
4- TEMN is going National (franchised) in like 40 states huge expansion Adding several other Title/Legal/Real Estate Service that will be MERGED and ACQUIRED by TEMN... One stop shopping for their clients
5- TEMN private subsidiary http://www.calcounties.com has a " A + " rating with BBB as of 5/31/11
http://www.la.bbb.org/Business-Report/Cal-Cou...-100077913
> Fully reporting stock http://www.otcmarkets.com/stock/temn/quote
- Transfer Agent : www.ClearTrustOnline.com Tel 813.235.4490 F 813.388.4549
(per 10Q p.3 Aug 10)
--O/S___ 1,044,492,271 (prev 811m)
-- Float __ 261 M
--A/S___5 bil
-Par Value: 0.001
-Shareholders of Record: 542
> Quotes below are taken from the 2nd 10Q Filing released August 17th (period ending June 30 2011)
Quote:
Preferred Stock
On December 23, 2009, the Company issued its four officers and directors each 15 shares of Series A Convertible Preferred Stock of the Company for $60,000. Each share of Series A Convertible Preferred Stock is convertible into 1% of the Company's common stock at the date of conversion. The preferred shares do not have liquidation preference over common shares. Each preferred share is entitled to as many votes equal to 1% of the Company's outstanding common stock. On January 4, 2010, the Company amended the certificate of designation of preferences and rights of Series A Preferred Stock previously filed with the Nevada Secretary of State which changed the number of shares authorized from 50,000,000 to 60 shares. At June 30, 2011 and December 31, 2010, there were 60 shares issued and outstanding.
Quote:
The following table sets forth the number of common shares issuable upon conversion of the Series A Preferred Stock, convertible debt and management fees: June 30 2011
- Series A Preferred Shares = 925,401,066...- Convertible notes payable - directors = 271,428,571
- Eventus debt = 1,614,915,313...- Management fees = 916,666,664
Each Series A Preferred Share is convertible into 1% of the Company's outstanding common shares at the time of its conversion. The number of shares upon conversion presented above represents the maximum number of shares to be issued assuming the preferred shares are converted consecutively, rather than all at once.
Quote:
LIQUIDITY, FINANCIAL CONDITION AND GOING CONCERN
The accompanying financial statements have been prepared assuming we will continue as a going concern.
At June 30, 2011 we had negative working capital of $2,785,780, total liabilities of $5,375,925, and a stockholders’ deficit of $2,182,855. We have incurred an operating loss of $710,310 during the first six months of 2011. Our operations do not currently provide sufficient cash flow to meet our obligations and it does not appear this will occur within the next year based on current operating trends. It does not appear that we will be able to restructure or meet our obligations as they become due during the coming months while we try to move toward positive cash flow. Our company is still highly leveraged and there can be no assurance that revenues from operations, convertible debt financing and/or common stock sales will be sufficient to fund our current business plan.
======= FILLINGS =======
> > S.O.S Corp Info "TEAM NATION HOLDINGS CORPORATION"
- "10Q" Aug 17 2011 2nd Quarterly 10Q Report ( p.3 > O/S_ 1 bil / Float _ 261 M / A/S 5 bi)
- May 31 S-8 Form S8 Employee & Consultants Stock Compensation Plan
- May 16 10Q 2011 First Quarterly Report Filing Sec Form 10Q ( p.2 > O/S_ 811m / Float _ 261 M / A/S 5 bi)
- April 28 8k Form 8k for A/s increase & upcoming S8 employee compensation Plan
- April 11 10k 2010 Annual Report Filing Sec Form 10-K
======= IMPORTANT NEWS =======
ALL NEWS here http://finance.yahoo.com/q/h?s=TEMN.OB+Headlines
Quote:
About TEAM Nation Holdings Corporation : a Nevada corporation ("TEAM-NV"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies), and the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. TEAM Nation Holdings, a Nevada Corporation ("TEAM-NV"), is a holding Corporation for TEAM Title, a national title agency, and engages in direct settlement and ancillary operations through its Lender Solutions and Resource Solutions Divisions.
