Team Nation Holdings, Corp. (OTCMKTS:TEMN) Calls In Record Buying
With so many marijuana stocks, it is refreshing to see a company selling a more old-fashioned mode of intoxication. Team Nation Holdings, Corp. (OTCMKTS:TEMN) is a pink-sheet company with great claims to producing top-tier brands of specialty spirits. Now, TEMN had an extraordinary day of buying, which brought the price up by 160% to $0.0078, as dollar volumes reached $2.62 million. 
TEMN solidified its climbing trend as it presented a filing of financial results, and a day after that announced plans for an improvement in its share structure, as well as a stock option plan. For now, no paid or free email pumps are visible. The financial filings, however, are a misnomer, since the company only managed to re-issue very outdated results, from back in 2011. So far, we have not seen efforts for updating the reports, as other pink sheet companies have taken care to do. The alcohol business left TEMN with:
- $379,000 quarterly revenues
- $416,000 quarterly net loss
- $45,000 cash
- $498,000 total current liabilities
Add to this the fact that TEMN has a bit above a billion shares outstanding, and two more billion in authorized shares, and the ticker starts to look like a risky cat in a bag. With only three brands and still limited sales, TEMN is certainly not a powerhouse for income. But the momentum in the past few days is cheering investors up quite a bit, as there are expectations the company is going over to penny levels.
The latest changes for TEMN include a switch to a new name, “Top Shelf Brands Holdings Corp.”, to reflect the brand used on its website. There is also talk of a new ticker and possibly an uplisting to a higher tier exchange, as the entity becomes fully reporting. TEMN also announced a stock option plan for employees.
We still don’t know if the company will manage to achieve its points and grab a piece of the specialty liquor market, but the news, coming in on March 27th, certainly helped to improve the price positions. For now, the TEMN graph shows a general upward drive, with limited corrections, but we have to wait and see how the huge gain survives the end of the week, where profit-taking is not unusual.
TEMN recalls the story of Montalvo Spirits, Inc. (OTCMKTS:TQLA), with the one difference that this larger company was heavily promoted in emails and even in a paper letter, leading to a sudden price spike. But in 2014, TQLA is not keeping the gains well, sinking down from the 20-cent levels toward $0.12.
Kona Red Corp. (OTCBB:KRED) also bet on a bright stock future through its brand of soft drinks, spiking near $1.30, only to step back to $0.75 as the initial enthusiasm wore out.
In the case of TEMN, a more strengthened buying could prop up the price levels, but it is best not to rely too much on a vastly positive development. The record buying may have a ripple effect, but it is still best to be aware of the risks when this ticker is neglected by the newcoming enthusiasts.
