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Contract awarded to Omega, contract awarded to Omega, contract awarded to Omega? NOT! TMPS in the running. LOL
Sure, I agree, but $0.10? Stupid low. I'll take advantage of it while I still can.
The fact that the Navy is extending the old contract, which is set to expire in 4 days for an additional 6 months says it all. It means that the Navy is looking at TMPS very seriously and treating them as a major contender for a refueling contract that's worth hundreds of millions. They could have easily handed the contract to Omega if the choice was so easy, but it tells me that it wasn't, and it tells me that TMPS has a real shot at winning the new 5 year contract. I'm stunned that TMPS is sitting at $0.10, absolutely stunned. It amazes me that this stock isn't higher for a company that could generate hundreds of millions of dollars in a matter of months. Even if they don't win the contract, there are so many opportunities out there it's unbelievable. Sooner or later this stock is going to catch on, I'm grabbing as many shares as I can while it sits at such a depressed price.
Right again, Bob. The fact that TMPS is still in the running for a five year contract worth hundreds of millions of dollars is huge. Amazing you can still buy TMPS for $0.11. Even if this specific contract doesn't pan out, there's still a lot of additional business to gobble up. TMPS continues to roll forward.
The "new contract" will be awarded later this year.
The period of performance for the new contract will be March 2019 through Sep 2024.
The current contractor (Omega) had the previous five year contract that expires on 30 Sep 2018.
Navy is still evaluating proposals for the new contract, which means they must extend the current contract and the current contractor for six months (the maximum allowed by law).
The contract modification or award we see today refers to the six month extension that included an increase in the maximum contract value to account for six months more flying.
TMPS still has a bid out for the new 5 year contract.
TMPS is still in the running and it looks like the new five year contract is in the hundreds of millions. TMPS is still very much in play!!!
Hmmm, I can see that Omega was awarded this contract a ways back. So Omega needs more time to perform? This is obviously not a new contract. I'm curious to know if TMPS was trying to sneak in on this or if this was something they weren't even bidding on.
If Omega needs six months to ramp up, I'm assuming they can't take on anymore business, which leaves the door wide open for TMPS.
That's the million dollar question. Is this truly a modification to a previously awarded contract or was TMPS bidding on this as well? My initial reaction is this is a good thing due to the fact that Omega can't handle everything, so maybe this helps TMPS win contracts that have yet to be awarded???
Great analysis. You're right, TMPS is very cheap. A market cap of around $2MM is crazy when their assets include a Gulfstream G-IV and six L-1011s and the only debt they have lies with Johan Eliasch. Also, the G-IV is bringing in revenue as I type this. It's nuts that people try to manipulate the stock while TMPS is out there trying to secure new contracts. I think you're right, however, the manipulators will get cleared out eventually, they're just attacking TMPS while it's still vulnerable, but it won't be for much longer. Keep your chin up, we'll get there.
Everything you type should be stickied, it's pure gold. You're right, the G-IV allowed TMPS to perform on an already secured contract or the High Altitude LIDAR (Light Detection and Ranging) Atmospheric Sensing program. Couldn't agree more that Johan Eliasch will continue to support the company where appropriate. Getting closer each day, and I think you're 1000% right, we should see a $5 to $10 stock one day. Great job.
I love the optimism. Johan Eliasch saw an opportunity with TMPS and he acted on it. Patience is key, you're right. TMPS gets closer each day and their assets keep building. Six L-1011s and a Gulfstream G-IV, they're definitely up to something. It's going to get interesting when their fleet is fully operational. You're right, people would be insane to tap out right now, TMPS is just getting started. Good work.
Three people that have the first name Johan, no wonder I was confused. Wow, I looked them up, amazing! Again, great catch!
Johan Eliasch is a Swedish billionaire businessman, and the chairman and chief executive officer of Head N.V.
Johan L. Claasen served as the Chairman and CEO of a leading industrial group and six publicly listed companies in various industries, winning a number of business awards and accolades.
Johan Askel Bergendorff is Corporate Development Director at Head N.V.
Good find, that's crazy!
Agreed, sad situation when people try to manipulate the stock. Note extended, planes closer to being ferried, business being pursued, management still committed. Don't feel down, TMPS is still moving in the right direction. Keep up the great analysis.
I think you're right, the management team is getting closer each day as they ready their fleet. Substantial revenue increases on the way, that's why Johan Eliasch and his team have stuck with it for over a year. Good catch.
Scam spread, couldn't agree more.
TMPS on its way up, I agree.
Overboard on the positivity today, I like it. You're right, Johan saw an opportunity to grow TMPS, that's why he appointed Johan Askel Bergendorff as CFO and why he extended the note. Also, the aircraft inspections are on-going and are current as of Sep 2018. TMPS was hoping to hear on the Navy contract before ferrying the first aircraft, but if the award decision drags on beyond September, they will re-evaluate the timing of the ferry and move them prior to the potential award. Clearly, they would not have made the investment of time, money, and other resources into these aircraft unless they thought they had a realistic chance to obtain business with the Navy or elsewhere.
TMPS looks good from here, I'm with you on that!
I agree, Johan Eliasch, Scott Terry, Johan Claasen, and Johan Askel Bergendorff carry a lot of clout and make a great team. They're obviously out to make TMPS succeed. The years ahead look promising. Good call, keep it up.
You're right, Johan Eliasch extending the note is an obvious sign of his commitment to TMPS. Again, stars all around for you and your uncanny knowledge.
I agree, the only debt TMPS has is with Johan Eliasch (Co-owner), and he's not dumb enough to bankrupt his own loan. Good research, you get another gold star.
It's not hard, Johan Eliasch is clearly here to grow TMPS. When a bank issues a revolving line of credit, the bank has a blanket lien, meaning they have ties to receivables, inventory and commercial real estate, basically all the assets of the company. The note with Johan Eliasch is no different than any other commercial lending transaction. It's a great partnership.
The fundamentals and technicals are coming together.
Planes should be ferried in the next 30 to 60 days and there's a potential contract award in the next 30 to 60 days.
TMPS broke through the 50 day and is now hovering at the 100 day.
Now if we keep getting higher highs and lower lows we'll look to break through the 200 day at $0.15. Things keep coming together we should break through the 200 day and then it's off to the races.
Dunce. You and everyone else knows that TMPS is pursuing business around the globe. You just go too far with the comedy.
Actually it does because TMPS is pursuing air-to-air refueling services to allied foreign nations in the Indo-Asia-Pacific, Europe, Africa, and the Middle East regions as well.
For whatever reason, I believe a lot of refueling type contracts are issued August through October. Maybe it has something to do with the fiscal year ending and a new one starting Oct 1st. I don't know what to expect other than we could potentially hear from TMPS in the coming weeks. We know for sure that TMPS should find out if they got awarded one contract in particular in the next 30 to 45 days.
This isn't A2A refueling, but I think we're going to see a lot more refueling contracts in the coming weeks.
Sept 12, 2018 Award:
Maytag Aircraft Corp., Colorado Springs, Colorado, has been awarded a maximum $20,950,164 firm-fixed-price contract for alongside aircraft refueling services. This is a four-year base contract with one five-year option period. This was a competitive acquisition with five responses received. Locations of performance are Colorado and Cuba, with a Jan. 31, 2023, performance completion date. Using military service is Navy. Type of appropriation is fiscal 2018 defense working capital funds. The contracting activity is the Defense Logistics Agency Energy, Fort Belvoir, Virginia (SPE603-18-C-5027).
Last I heard, the G-IV or the plane backed by the convertible note is currently being used for a contract. You can call the company and confirm that.
They were using numerous Pilatus PC-12s for other business but I believe that went away with Jack Gulbin.
With the separation of Jack Gulbin and Scott Terry, TMPS is at the beginning of a transformation stage, hence Johan Eliasch, the L-1011s and everything else they are pursuing.
As far as an investor update, it's obviously not a top priority, but I think it will be at some point. My personal belief is that because there are no institutional investors and they're in more of a development stage, they don't feel the timing is right and have decided to use their time and limited working capital towards what they feel is most important. Quite frankly, I don't blame them. Right now it's just low-level retail investors mixed with penny manipulators, most of which can't read or understand a balance sheet.
As always, I understand your frustration, and I applaud you for doubling down, I think you'll be rewarded. Until I see TMPS actually move backwards, I'm full steam ahead. From my point of view, I see nothing but forward progress, even though it's slow.
It's simple, the truth and the facts will drive this stock higher. If you're sitting on the sideline waiting for a big contract or the fleet to become fully operational, you're going to miss an opportunity to own TMPS at an insanely cheap price.
Johan Eliasch, TMPS Chairman/Co-owner and billionaire CEO of Head N.V. is OBVIOUSLY committed to TMPS.
Johan Aksel Bergendorff, TMPS CFO and Corporate Development Director of HEAD N.V. is OBVIOUSLY commited to TMPS.
Seller (Johan Claasen) of the L-1011s and who agreed to equity for payment is OBVIOUSLY committed to TMPS.
Anybody who tries to put a negative spin on the facts above is straight up lying. Johan Eliasch extended the convertible note, period. Johan Claasen wouldn't accept equity as payment if he thought TMPS stock was worthless, period. They are in the early stages and they're actively pursuing opportunities around the globe.
What you have to ask yourself is this:
Will their fleet once fully operational allow them to grow or not?
If the answer is YES, buy the stock. If the answer is NO, move on.
I will say this, they're not building up their fleet to start an aviation museum just so they can wipe the planes down with a diaper, they're clearly building a fleet to generate revenue in the hundreds of millions. I'll pay pennies on the dollar for an opportunity like that any day of the week.
Also, Johan Eliasch stepping in is like Lebron James taking the time to go play in a rec league when he doesn't have an NBA game. Take NOTICE to that simple fact.
John, this is my assessment. It's been slow, but still moving forward.
Summer 2017
TMPS restructures (takes a lot of time to unravel) Filed 5/8/17 Schedule 13D
Johan Eliasch (billionaire CEO of Head N.V.) extends a $6.2MM convertible note for a G-IV Aircraft that is currently being used for a mission and generating revenue Filed 5/8/17 10% SENIOR SECURED CONVERTIBLE NOTE
Johan Askel Bergendorff (Corporate Development Director Head N.V.) is named CFO Filed 6/15/17 8K
TMPS announces acquisition of six L-1011s Filed 8/14/17 8K
L-1011s were acquired with equity and NOT DEBT. Why would Johan Classen do that? Maybe it's because the L-1011s will generate revenue causing the stock price to rise? Filed 8/14/17 PRESS RELEASE DATED AUGUST 14, 2017, ANNOUNCING THE ACQUISITION BY THE COMPANY
Spring/Summer 2018
TMPS continues to finalize restructure
Johan Classen (Claasen Group International) agrees to concessions in order to finalize the acquistion of the L-1011s and allows TMPS to take title to the aircraft ASAP Filed 3/9/18 8K
Johan Eliasch extends maturity date on the convertible note Filed 4/30/18 8K
TMPS Today
Marketing the L-1011s and getting them mission ready
Bidding on contracts, one we know for sure (could boost revenues tenfold)
Only debt on the balance sheet is with Johan Eliasch (TMPS Co-Owner & billionaire)
Conclusion
I'll bet on their fleet (once fully operational) generating revenue any day of the week
TMPS continues to roll forward and not backward. Of course there are challenges, but every business has them, especially one that is in the beginning stages of a turnaround.
The post below is not form me, but I definitely thought it was worth sharing.
"Contract awards for military air-to-air refueling for the following FY are usually announced in September.
I'll be watching out from mid-September 2018 to see if $TMPS was successful this time around with its bid - we do not know exactly what bid was pitched but we do know the company moved its Corporate HQ to be close to a Naval Air Station.
It will also be interesting to see if Omega is awarded another contract this year and for how much. There will be more than enough demand from the US military - let alone anyone else - for contracted air-to-air refueling for many years to come:
- The USN has an ongoing shortfall in 'probe-and-drogue' tanker capacity.
- The introduction of the new USAF replacement large tanker - the KC-46 - is way behind schedule with ongoing problems.
- The life extension program for the USAF small tanker - the KC-135 - the youngest of which is already 56 years old - will take a number of aircraft off line for significant periods through to 2028 to incorporate modifications to enable a service life through to 2040.
- Any opportunity to outsource 'probe and drogue' tanking to contractors is likely to be taken - particularly for non-warfighting missions such as routine qualification training, test and evaluation, exercises, aircraft delivery etc."
Not really. However, my advice to you:
GET A GIRLFRIEND.
Some people date, some people get on message boards just to antagonize.
:(
And you keep providing ZERO information.
enlightening:
give (someone) greater knowledge and understanding about a subject or situation.
LOL!!!!!!!!!!!
Keep up the misinformation, you're doing a hell of a job.
Early stages, but I like this one over the long run. Market cap isn't out of control and they have revenue.
1. You could "spend all day" on anything related TMPS. You never leave!
2. Intelligence? LOL!!!!!!
3. I don't think you've "pegged" anything thus far.
Keep up the good work.
The proposal included engineering schematics. Dude, you're just dumb, there's no nice way to say it. Congratulations, you included a quote (again). You get a gold star for the day.
Sounds good, you're entitled to your opinion. I'm confident in my research and my position. I post things a 3rd and 4th time because there are people here trying to throw TMPS under the bus every single day. They try to bury anything that they perceive as a positive development or good news. For example, you think Johan Eliasch extending the note would have been a good thing, but no, they spun it as a bad thing; they're stooges. In no way am I satisfied with TMPS. However, the share structure, the current price, and the growth potential presents a very rare opportunity, but yes, that rare opportunity comes with a great deal of RISK!. I'm willing to take that risk, but I understand completely if others are not.
TMPS restructures (takes a lot of time to unravel) Filed 5/8/17 Schedule 13D
Johan Eliasch (billionaire CEO of Head N.V.) extends a $6.2MM convertible note for a G-IV Aircraft that is currently being used for a mission and generating revenue Filed 5/8/17 10% SENIOR SECURED CONVERTIBLE NOTE
Johan Askel Bergendorff (Corporate Development Director Head N.V.) is named CFO Filed 6/15/17 8K
TMPS announces acquisition of six L-1011s Filed 8/14/17 8K
L-1011s were acquired with equity and NOT DEBT. Why would Johan Classen do that? Maybe it's because the revenues and business the L-1011s will generate might cause the stock price to rise? Filed 8/14/17 PRESS RELEASE DATED AUGUST 14, 2017, ANNOUNCING THE ACQUISITION BY THE COMPANY
Johan Classen (Claasen Group International) agrees to concessions in order to finalize the acquistion of the L-1011s and allows TMPS to take title to the aircraft ASAP Filed 3/9/18 8K
Johan Eliasch extends maturity date on the convertible note Filed 4/30/18 8K
Currently/Today
Marketing the L-1011s and getting them mission ready
Bidding on contracts (potential Navy contract and I'm sure many more)
The aircraft are in “flyable storage”. This is a common situation with aircraft that have been recently removed from active service or that have changed hands to be modified or converted for a new mission. As such, there is no real disadvantage to the aircraft in terms of the Navy’s evaluation of their ability to be returned to service. As I understand it, 2000+ pages of documents were submitted to the Navy, a vast majority were maintenance and engineering data related to their airworthiness. Not only that, TMPS would not have made the investment of time, money, and other resources into these aircraft unless they thought they had a realistic chance to receive an award.
If you're going to constantly whine each and every single day, maybe you should move on. It's not that hard, go recoup your money somewhere else. Do we really have to hear the bashers sob story every day? Also, Scott Terry has been responsive to questions, but the stooges claim they aren't really from him.
Any good posts or due dilligence gets jumped on and buried by the stooges. FIGURE IT OUT.
Nobody has ever said that. The sane people here know there are challenges to overcome, we know it's risky. The stooges are here to manipulate and spin everything and anything in a negative way. BIG difference.
That's why it's a penny stock, so maybe this one isn't for you? Big risk big reward. However, we know you're not going anywhere, this is what you do, you put a negative spin on everything. Boeing could take over the company and you'd still be here bashing away.
It's odd to me. Everyone that's visited this board knows you're a stooge. You've been proven wrong at every turn, but you're still here? You provide no value, even to the downside. You're that guy at the bar that tells everyone he's a successful businessman. Everyone just smiles, but we've all seen you begging for money on the street corner. Everyone knows the truth. You're trying to be the masked man, but we already know your identity. You're not smart enough to work within the shadows, you're out in broad daylight trying to snatch purses in front of a police station. Keep up the good work.
Ridiculous response. You obviously don't understand what it means to serve official paperwork. There's a process, look it up. Keep posting nonsense, though. You have a motive, why else would you be here? It's either to make yourself feel like a big man or to manipulate the stock, it only boils down to those two things.
Not really. It's a lawsuit, not impending doom. Nothing has been ruled, every company goes through litigation at some point, but I'm sure you'll spin this to be the worst thing that ever happened to a company.