Decreased comfort level

[0751Jeff]

I should add, one issue you didn't bring up in the OP but that matters to me is this short-lived blockchain endeavor they had in late 2017 that briefly caused SP to skyrocket. Now, I paid close attention to all the blockchain schemes that popped up at that time. It was something of a running joke for me and some fellow investor friends of mine. There seemed to be one or two every week, and invariably the stock would skyrocket, only to then, in almost every case, plummet back down to earth shortly thereafter when old investors dumped their shares at inflated values and new investors realized whatever blockchain endeavor was being undertaken was either a sham or of very little value to the overall value of the company. It was pretty clear at the time that many failing companies were making these blockchain announcements as a type of pump-and-dump scheme, and the SEC launched investigations into several on that basis.

So here with TEUM we have a company that at that time was very much unknown to investors, SP was at all-time lows, and current management had just taken over the year before, and what do they do? Announce a blockchain undertaking, see SP briefly skyrocket, and then announce the blockchain endeavor did not pan out. After seeing the way these companies exploiting the blockchain frenzy back then, it makes me very leery now of investing in such a company, because who knows what the next big news item will be that later on turns out not to be as initially advertised? Not saying that's what they're doing now; just saying it makes me very leery.