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To me this means TMPS or Scott wasn't served properly. You can't just file a lawsuit, you have to be served by someone that's authorized to do so. If TMPS never signed anything or was served improperly, they can make that case in court and start the clock over.
Early stages, but I like this one over the long run. Market cap isn't out of control and they have revenue.
I don't care when they announced it, I care when they took title to the aircraft, which was a few months ago. In my opinion, the stock price has been pushed down artificially by coordinated trading. Even if you don't agree with that, I don't care where the stock price is today, I care where it's going if they're able to generate revenue from their fleet, which is not yet operational. I don't have a crystal ball, but I wouldn't think of getting out at this stage in the game, they're still in the early stages. I guess we'll see what happens.
The facts aren't a year old, they do, however, go back over a year:
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
They stopped reporting, in my opinion, after they lost one of their contracts. Also, priorities/strategy can change from one month to the next. I don't know the answer, all I know is that TMPS is operating on fumes right now, I've never denied that.
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.
Your story is pretty common. Invest in a stock, doesn't pan out in a timely fashion, you sell on the next bump, and then miss out on massive gains over the next year or two. If you don't think TMPS will secure a contract and your assessment is that they will not survive, why not sell now?
Pretty rich coming from the person that's been wrong about everything. Literally not one of your predictions has come true. You've been wrong so many times I'm actually embarrassed for you. Good work though, you're making us all proud. LOL
Greensill isn't against TMPS. However, maybe if you repeat it a million times it will become true.
Emotional? No. I'm using fact based analysis that's not predicated upon the notion that there's someone behind the curtain doing something sinister. TMPS has a lack of working capital, that's it. The stooges have been claiming there's a boogeyman under the bed for over a year now, and each time they've been proven wrong. TMPS continues to make small steps forward. If you think TMPS will never obtain a contract, then I welcome that criticism, but I definitely don't agree with it.
Also, if you think Greensill has to wait for TMPS to file before they can pursue whatever is you claim they've done, you're dead wrong. The financials don't have to be audited in order to pursue. Also, you don't need financials in order to find assets. This can be done through a title search. TMPS was not named, get over it.
You're right, it's a big conspiracy. Brilliant analysis, just brilliant. You're on your way to the top, you're the next Gordon Gekko.
Asinine response and you know it. Conspiracy theories, misinformation, lies, and scare tactics, that's all you got. Your responses have no meaningful info or analysis. You're a bad actor with little knowledge and it shows. To say TMPS is a target for a "vulture" capitalist is so dumb it boggles my mind. If Johan wanted TMPS, he could have acquired it all for about four times less than his $6.2MM convertible note. Makes no sense, but you already know that.
What you think is not how it reads in the court documents. Don't you think the Plaintiff would have included TMPS in the court documents if they had a leg to stand on? This would have been found in the discovery process. The fact is that TMPS was not named, plain and simple, discussion over.
My further response is that TMPS has a lack of working capital, there's no doubt about it. This is the reason they're struggling to stay current, I won't sugarcoat that, it's why TMPS is a penny stock. Hello? Duh.
Johan/managment is conserving cash. Although Johan is a billionaire, this is what he does, he manages companies and cash flow, and quite frankly, it's not about handouts. There are no institutional investors, so using precious working capital to pay auditors and stay current is not a top priority. What is a top priority is winning a contract and getting the planes up to snuff. My personal belief is that Johan wants to see something develop first. Johan already has $6.2MM of exposure with TMPS (that ain't peanuts), and I would assume he wants to make sure that TMPS continues to make payments on the convertible note. TMPS needs a contract is what it boils down to. Once we get visibility or a pipeline, I think you could see Johan inject more capital if he hasn't already. That's why we're all here, because if and when a contract hits, this stock is going up up and away, and you know it. I believe TMPS will get their filings in order when they're in a better position to do so. Yeah, I'm not happy about TMPS not being current, but if I wanted happy I'd go invest in AMD.
Also, Johan can't just dump cash into a checking account for TMPS to use, it doesn't work that way. There are legal and tax implications, and to reiterate, he's already lending the company $6.2MM. If Johan guaranteed a working capital line for example, it could be used to make payments on his convertible note and that creates conflict in my opinion.
There are things to be concerned about, no question, but as I see it TMPS hasn't even scratched the surface of what it could potentially become. In my opinion, they are clearly trying to emulate Omega Aerial Refueling Services, Inc. Once TMPS has a fully operational fleet, the revenue and growth prospects are astronomical. TMPS is not choking on debt, so I'm not concerned about bankruptcy. The only substantial debt on the balance sheet is with Johan Eliasch.
Again, TMPS needs a contract. However, they didn't acquire all these planes just to let them sit. THIS IS WHY I'M INVESTED, so bash all you want, I ain't going anywhere until their fleet is operational.
Facts/Timeline:
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
Spring/Summer 2018
TMPS continues to finalize restructure
Johan Eliasch extends maturity date on the convertible note Filed 4/30/18 8K
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
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
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
TMPS fleet isn't even fully operational
TMPS isn't even close to being at their full potential
And people ask why some of us are still here?
Their business plan is barely starting to come to fruition
I'll bet on their fleet (once fully operational) generating revenue any day of the week
This is why I'm still here. 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.
You can get in on TMPS for $0.06 at a market cap of 1.148MM. The value of their fleet alone is worth a whole hell of a lot more than that.
Very poor response to my question.
What assets are they hiding? TMPS is public, you can see the balance sheet. Forensic accountant? Get real. They have a G-IV (secured by Johan Eliasch's convertible note) and the L-1011s that were acquired with equity from Johan Claasen. These assets have nothing to do with Tempus Intermediate Holdings. Tempus Intermediate Holdings used Pilatus PC-12s. You'll figure it out one day.
Corporations, limited liability companies, limited liability partnerships and other forms of businesses can offer protection from lawsuits and other debts.
It's a good thing they structured the private and public side of Tempus correctly.
This lawsuit has nothing to do with TMPS and you know this. Tempus Intermediate Holdings owned TASS, which was Jack Gulbin's company. TASS was the dealership/maintenance arm for Pilatus.
https://www.ainonline.com/aviation-news/business-aviation/2018-04-23/cutter-named-pilatus-service-center-southwest-us
Figure it out.
You said that before when Johan's convertible note came due in April. He didn't exercise it, he extended it showing his commitment to TMPS. He could have taken control right there, he didn't. You have no credibility, you're always wrong, you're a paid actor, everyone on this board sees right through your nonsense. BYE.
You've been proven wrong on every claim you've made. Every. Single. One. From saying Johan Eliasch wouldn't extend the note, to saying the acquisition of the L-1011s would never happen. Proven wrong time and time again. However, we know what your nonsense is really about, you're paid actors just trying to make enough money to make your car payment each month.
Anytime TMPS makes progress, you squirm.
Scott Terry has been securing government and military contracts for 20 years plus and has the clearances. I have no doubt that Johan Eliasch will step up to the plate if they win a contract and millions of dollars are at stake. At the end of the day, who cares, now that TMPS is entering the refueling space, there are now only 2 companies or private contractors at play. Plenty of opportunities for everyone. Why the hell do you think Johan Eliasch is here? For his health? Give me a break.
That statement couldn't be further from the truth.
The Navy. Omega Air Refueling Services (a private air-to-air refueling contractor) successfully captured a five year, $220 million contract from the Navy, so it is possible. Mmmm, that's what I thought. Duh.
Daily reminder. See my original message: Facts/Timeline post# 20642
Yeah, I'm sure if TMPS secured a $200MM contract over the next few years, Johan Eliasch (Co-Owner & billionaire) couldn't service the contract. LOL!
Good post.
The only thing I would add is when contracts or the announcement of new business does hit, the stock is going to move very quick. I know this sounds like I'm trying to "pump" the stock, but I think it's more of a gamble to wait for news, especially at the current price. For conservative players that are on the sideline, I'd suggest building a position now because you don't want to miss a jump to $0.50. Yes, it's a gamble, but if you're buying a penny stock your gambling big no matter what. Also, if it wasn't for coordinated trading, I believe TMPS would be significantly higher. Take advantage of the tomfoolery, just don't bet your mortgage.
The truth makes these stooges squirm? Notice how they try to bury the post?
Facts/Timeline:
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
Spring/Summer 2018
TMPS continues to finalize restructure
Johan Eliasch extends maturity date on the convertible note Filed 4/30/18 8K
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
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
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
TMPS fleet isn't even fully operational
TMPS isn't even close to being at their full potential
And people ask why some of us are still here?
Their business plan is barely starting to come to fruition
I'll bet on their fleet (once fully operational) generating revenue any day of the week
This is why I'm still here. 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.
You can get in on TMPS for $0.06 at a market cap of 1.148MM. The value of their fleet alone is worth a whole hell of a lot more than that.
I'm betting there will be when TMPS has a fully operational fleet. This story isn't even close to playing out. This is the 1st quarter, son!
Pumping is spreading false information (like you do), these are facts from the SEC filings.
Facts on SEC website. Everything I stated comes directly from the SEC filings. I know, the facts don't coincide with your plan.
I've deleted nothing. These are the facts that you can find for yourself on the SEC website. You sure jumped on this post quick. Don't want people to know the facts?
Facts/Timeline:
Summer 2017
TMPS restructures (takes a lot of time to unravel)
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
Johan Askel Bergendorff (Corporate Development Director Head N.V.) is named CFO
TMPS announces acquisition of six L-1011s
Spring/Summer 2018
TMPS continues to finalize restructure
Johan Eliasch extends maturity date on the convertible note
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
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?
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
TMPS fleet isn't even fully operational
TMPS isn't even close to being at their full potential
And people ask why some of us are still here?
Their business plan is barely starting to come to fruition
I'll bet on their fleet (once fully operational) generating revenue any day of the week
This is why I'm still here. 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.
You can get in on TMPS for $0.06 at a market cap of 1.148MM. The value of their fleet alone is worth a whole hell of a lot more than that.
One buddy selling to another buddy. It's a total joke.
Good thing it won't be against Tempus Applied Solutions I guess. You guys are out in full force today. What's the matter, you couldn't bait anyone when you artificially moved the price down? Sucks when you break into a bank and there's no money, doesn't it?
Wrong, the planes are secured by a loan from Johan Eliasch, TMPS is simply the borrower. It was your asinine theory about bankruptcy that I was responding to. Don't worry you'll learn, you're just a little slower than most.
Yes, great DD for Tempus Intermediate Holdings. Now if you could do the same thing for Tempus Applied Solutions, that would be great.
Is TMPS the ticker symbol for Tempus Intermediate Holdings?
So Johan Eliasch is going to put his own aircraft that are secured by his own loan into the hands of the bankruptcy court while putting his equity in jeopardy? Unfortunately, this isn't a child's board game, this is real life. Yeah, good luck with that scenario. Ridiculous.
I said acumen. What you just said makes zero sense.
Oh look, around 30,000 to 35,000 shares trading towards the end of the day again, what a coincidence. Give me a break. Total tomfoolery.
Why would they BK? The only debt is with Johan Eliasch and the big lawsuit you keep pounding your chest about isn't related to TMPS. Enthrall me with your acumen.
That's great and all, but the court documents are what they are. The fact is Tempus Applied Solutions is not named. That's not a hard concept to grasp.