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This stock is a gift right now. You have bashers in here everyday trying to make a quick buck, but I'm here to create wealth, and that doesn't happen overnight.
This stock was trading at around $0.03 (an absolute gift) June 2017. Day traders pile in shortly after and we all know what happened. This is the beginning of a new ownership structure.
Stock comes back to earth as they restructure, recapitalize, and work on a new business plan. Trades back to around $0.10 (another absolute gift) Jan - Feb 2018.
Although minimal, we are now seeing a glimpse of the overall picture. Stock trades up to around $0.35 March 2018 as day traders pile in once again and then just as quickly take profits.
My point is that it's been 9 months give or take since Johan Eliasch and Johan Bergendorff stepped in. That's nothing when you're trying to turn a business around. Not only that, you're able to buy shares right now at where Johan Claasen was issued his shares. Are you kidding me? This is another absolute gift. Do you really think the stock isn't going to trade up 75% to 100% again? Of course it will, there's a whole lot more that's going to be announced. There may be some bad news along the way, but I think the news overall will be positive from here on out. 9 months, what a joke, wait until a year has passed let alone 18 months.
This stock will probably have a lot of swings, but look at where TMPS was just 9 months ago, we're just getting started. The people that bash this stock everyday have an agenda, we all know that. I will always tell it how it is, whether good or bad, but this is another opportunity to get in or pick up more shares. That's my opinion anyway, take it or leave it.
Once you peel back the onion, there's a whole lot to be excited about.
L-1011 transaction is obviously a major component moving forward. The first step has been taken. Below are the key players in TMPS right now. Sure, there's been a lot of speed bumps, but I'm going along for the ride and I still see enormous upside. Losing contracts always hurts, but their previous capital structure resulted in razor thin margins and they weren't making real money on those contracts anyhow. As they restructure, recapitalize, and tap equity responsibly, I see nothing but upside.
Scott Terry
CEO
Government relationships/clearance
Johan Eliasch
Chairman
Swedish billionaire businessman
Johan Aksel Bergendorff
Chief Financial Officer & Investment Director
Investments, including turn-around, startups and mature companies, executive management, corporate strategy, corporate development, mergers & acquisitions (M&A), corporate finance, private equity, management advisory (PE buyout), financial modelling, valuation, project management
Johan Claasen
CEO & Owner at Claasen Group, Inc.
Founder of Claasen Group International, Inc. (CGI), a consulting company focusing on international business development (claasengroup.com). A serial entrepreneur and business professional with extensive business development experience in a number of countries, Mr. Claasen has expertise in joint ventures, M&As, JVs, corporate finance, outsourcing, and turnarounds across a wide variety of industries. Mr. Claasen successfully founded and served as a Chairman and CEO of six publically listed companies and has received numerous business awards. His most notable positions include Senior General Manager and Head of Corporate Banking in Volkskas Group Ltd. (currently the ABSA group, the largest banking group in Africa), Chairman of Ellispark Stadium (Pty.) Ltd. (the largest sport complex in South Africa), Chairman and CEO of ARWA Group Ltd, and Chairman of Duros Merchant Bank Ltd (sold to the Investec group of banks), and interim CEO of NamPost Ltd (national post office of Namibia). Until last year, Mr. Claasen served as a Chairman and CEO of Pacific Aviation Resources and Technologies, Inc. (PART), in Victorville, CA, which was successfully sold to a Chinese industrial group.
You know I'm a fan of TMPS, but to be fair, these are two separate contracts/customers.
Yes, I'm aware of this contract. Here's what I believe "misinformation" means:
I think the restructuring/split between the private and public side has created a mess with current lenders and the aircraft they use. I believe the aircraft (Pilatus PC-12) they used for this mission belongs to TASS/Jack Gulbin. TMPS has struggled because they don't own their aircraft or their current financing arrangements are unfavorable, which makes their margins paper thin. The refuelers they just acquired (with equity) will change all that.
Previous employees might be in the ear of the Patriot Group.
This is just the beginning, more news to come, a lot more! Johan Eliasch, Johan Aksel Bergendorff, and Scott Terry, I'll take that management team all day long.
All I see is progress. Johan Eliasch, Johan Aksel Bergendorff (CFO), and Scott Terry are obviously working hard to turn this company around. If you don't see that by now, you shouldn't be in this stock. If TASS (private side/Jack Gulbin) and TMPS (public side/Scott Terry/Johan Eliasch) can come to an agreement on the assets/restructuring, you're going to see major upward movement. For me, the lawsuit didn't keep me up at night, I'm more interested in the convertible note that's due in April. I don't think Johan Eliasch will convert the note, but I'll be curious to see if they refinance it or extend it. Obviously I'd like to see a refinance so we can take the dilution issue off the table and the inevitable reverse stock splits that follow.
The next 30 to 45 days should be very interesting. I don't think we'll hear a whole lot over the next couple weeks because they're going through their audit right now, but I think time is definitely on our side as far as upward movement in the stock. Of course things can go wrong, but clearly Johan, the other Johan, and Scott Terry are on the same page and have the same goal, which is to SUCCEED!
My last thought is in relation to the CFO. Forget Johan Eliasch, the fact that Johan Bergendorff has stuck around this long speaks volumes to me. A man with his skill set I'm sure has more lucrative/higher level opportunities he could pursue, but he is spending his time and energy on a penny stock like TMPS. Is it because he can see the big picture or the light at the end of the tunnel? I would say so.
Johan Bergendorff:
Investments, including turn-around, startups and mature companies, executive management, corporate strategy, corporate development, mergers & acquisitions (M&A), corporate finance, private equity, management advisory (PE buyout), financial modelling, valuation, project management
TMPS will have auditors in their office next week. I'm hoping we'll have year end numbers and hear of other important updates this month. I personally believe this is going to be a big month for TMPS, and I'm anticipating positive developments in regard to their restructuring efforts and balance sheet. I think you're really going to see the needle move in the next couple months.
I think we're going to see a lot happening in the near term. Here's my take based on the restructure:
Tempus Aircraft Sales and Service: Jack Gulbin (Scott's former partner, pilatus dealership)
TIH: Johan Eliasch
TMPS: Scott Terry
I believe the overall organization (public + private) is trying to recapitalize right now. TASS or Jack Gulbin wants to do his thing and TMPS or Scott Terry wants to do his, but as I've indicated in the past, I think Scott and Jack are tied at the hip as far as previous loans and need to refinance/recapitalize to reflect the current structure. I believe they are trying to wrap this up before the convertible note comes due. I also think that you could see a significant amount of assets transfer over to the balance sheet of TMPS. I never understood why they just didn't merge the private and public side, but now it's starting to make a little more sense.
I'm back to my original thesis that this could be a $5 stock just based on a successful recapitalization.
However, when you have lenders, attorneys, contracts, underwriting, and numerous owners trying to separate and/or come together, I can only imagine what a mess it might be and how it may be difficult to come to an agreement.
Of course for their own company and investors, why the hell else would they do it? Who cares.
Whatever. Also, calling hedge fund lending "toxic" is a very uneducated response from someone that clearly doesn't understand the mechanics of what a hedge fund does. Hedge funds are all about growth and capital appreciation, and they take on high risk investments in order to achieve that, which is why I'm here, which is why we're all here.
Stooge: a person who serves merely to support or assist others, particularly in doing unpleasant work
They were already in the picture, hence amendment.
AQR Capital Management had a position in Chart Acquisition Corp. Chart Acquisition Corp combined with TMPS in 2014. Just more restructuring and amending, not a big deal at all.
Amazing company? Not yet, unfortunately. However, it could be at some point, and for $0.11, I'll take that bet all day long. If a highly speculative penny stock isn't for you, go check out the NYSE. This isn't rocket science, penny stocks are what they are for a reason. Easy to bash, much harder to find a winner.
I feel confident that the complaint will be dismissed, and I also feel confident that other business opportunities will materialize, it's just not going to happen overnight. I love that the stock is at $0.11 right now, absolutely love it. I've stated from the get go that my outlook is more than a year from when they restructured, it's been 7 months.
Good for you, Moe.
Volume up as of late, sign of anxiousness. Buying opportunity for an investor, not so good for the novice trader. I can tell you with certainty that the big name investors aren't here for some elaborate scheme to strip the company, the time value versus reward is simply not there among other things. The big names are here for capital appreciation, they want the company to succeed, plain and simple. Larry, Moe, and Curly want you to believe that something sinister is going on, which is just plain ridiculous. What creates value and other investing opportunities is growth, and if you think Johan and others are here to steal hubcaps, you're up in the night. I'm betting that the company will overcome the hurdles that it has in front of it, based on the fact that wealthy, powerful investors aren't here wasting their time hoping to find a quarter underneath the soda machine.
TMPS investor relations referred to Johan Eliasch as their chairman when I called. If you can't see that Johan Eliasch isn't out to wreck the company by now, you're living in another world, which you are.
It's not a traditional revolving line of credit, but in essence they use equity to "draw on" a predetermined amount that's been made available to them. I feel comfortable calling it an EQUITY line of credit, so calm down.
Of course Johan is looking to make money, but he's not going to dilute the company so he can take control of a stock that will be worth less than the original convertible note, nor is he going to let any asset of his get tied up in bankruptcy court, let alone get a judge involved in deciding what the asset is worth. Get real.
I'm only feeding the flame of stupidity by responding to you, so have fun with your daily one dimensional barrage of the board. I hope you make a hundred dollars.
So their largest liability is with the Johan Eliasch, the company's chairman. They have an equity line of credit to tap on a limited basis in order to meet short term working capital needs. I'm sure Johan Eliasch will just stand by and allow the company to file bankruptcy, which keeps his asset/plane tied up in bankruptcy court for months on end, so he can take control of a company that has minimal value as it sits right now? Yeah, that makes sense.
First off, I don't think you fully understand the AMENDED filings. Second off, shares outstanding to use your math still equates to under 30 million, which isn't panic inducing for a company like this. I'm just grateful that we're not seeing shares outstanding in the hundreds of millions that you typically see in this environment. You see dilution, that's it, you see the surface. I see a strategic equity investment that will help them grow and implement their business plan. Maybe you should move on if you're not interested in TMPS??? Just to be logical.
But still manageable. Dilution was expected.
Go to jail? No offense, and I'm sure this post will be taken down, but you're an idiot.
I agree with you, their balance sheet is upside down and bk is always a possibility with a penny stock, but they have a lot of dry powder on hand (untapped financing arrangements) along with wealthy investors that can step in to help, so I think bankruptcy isn't something to worry about in the near term. Absolutely this stock is based on good news, without a doubt. However, in order to see the good news you have to peel the onion back, it's not going to jump out at you. In my opinion, there's a lot of great things that hopefully will happen, that's why I'm here, that's why I'm invested, and they are not having any trouble attracting wealthy, well established investors with equity, which I think says a whole hell of a lot. With that said, I fully realize this is a highly speculative investment.
Disagree with just about everything you stated, especially not having an outlook of years on a penny stock. Penny stocks are basically stocks that have a long way to go before they become a safe investment. If you have an outlook of weeks or months on a penny stock you might as well just go to Vegas and play the tables.
I'm focused on Johan Claasen and Johan ELiasch (google if you're not in the know) being part of this company, which is I keep adding when the price dips to ridiculous levels.
Others are panicking because of a lien dispute that's taking longer than anticipated.
Unbelievable.
The game has changed because you haven't made money on the stock yet and it's been less than a year? Yeah, that would be smart, bk so your convertible note holder (Johan Eliasch) takes a bath and has his plane held up in bankruptcy court. Why is bankruptcy already here? Not even close.
If you're selling TMPS at $0.12, you have no business being in this stock in the first place. Buy high sell low, let the panic ensue. What an absolute steal! Love it!
I'm surprised the CEO responds to emails at all to be honest with you. Most CEOs wouldn't waste their time. The fact that he is responding says to me that he cares and he's trying to provide comfort and transparency as he looks to rebuild the company. A stock like this the outlook is years not weeks or months. He can't control what's outside of his world. I'm sure he's only regurgitating the information he's being given from the courts and his attorneys. In this business, a day is a week, a week is a month, and a month is a year.
I had a somewhat lengthy conversation with Katherine Terry today. The silence has been a bit concerning, which is why I called. It was a good conversation. The biggest takeaway was that their chairman, Johan Eliasch, is still very much onboard and supportive of their endeavours. When she talked about Johan you could tell that she was being truthful. Very positive and very detailed, which leads me to believe that it's not fabricated. It sounded to me that she was hinting at some exciting opportunities, but she couldn't legally divulge anything at this time. I feel very confident that the convertible note isn't going to be an issue. I have a feeling they'll push it out another year. As far as current business, nothing really to report other than:
They are still awaiting the lien release in regard to the L-1011s (they are frustrated, but the process has to run its course)
Constantly bidding on contracts, but it is a slow process (the appeal process alone can take up to a year sometimes)
Current contracts are performing well
Global Express air & parts business is picking up
And you expect a penny stock that's in a restructuring and rebuilding mode to be profitable? Why do you waste everyone's time here everyday with one dimensional analysis? What do you hope to accomplish? I know you're not shorting the stock, you don't have the tools or the capital. You have to peel the onion back in order to be a successful investor, especially with highly speculative investments like penny stocks. I shouldn't respond to posts like this, but I don't mind throwing a jab every now and again. This stock has issues, but it could also knock the cover off the ball. Go slip and fall on the floor at Walmart, your time would be better spent chasing a lawsuit.
Starting to lose interest? That's the best news I've heard since following this board. Although you post the same crap each and everyday, so your statement doesn't really hold water. Waste basket analysis and fear mongering as far as the eye can see. Dilution? Not even close to being an issue yet. ZERO credibility.
A tightly coiled spring we have here.
Excellent post. Great work!
Scott,
Would you mind shining some light on the questions below?
ME Aviation Services (Johan Claasen) is listed as the Seller of the L-1011s and will be issued approximately 6,730,769 common shares at a value of $0.52 per share. When do you expect this transaction to close and will there be any synergies between TMPS and Johan Claasen or the Claasen Group?
The transaction is currently held up due to liens that were discovered during the title search. The liens are the same attachments that were previously cleared by the FAA but were not cleared by the International Registry for Aircraft which is based in Ireland. The Irish authorities are supposed to meet on 11 December to determine whether or not the liens can be released without further legal process. Mr. Claasen will be a tremendous resource for TMPS has he is a well respected professional in our field with extensive relationships internationally.
Obviously SANTIAGO BUSINESS CO. INTENATIONAL LTD converting shares come April 2018 in the event the note is not paid or refinanced would be very detrimental/dilutive. What is being done to remedy this situation? In your opinion, will Johan Eliasch work with you to refinance the note or is the plan to use the EQUITY FINANCING AGREEMENT WITH GHS FINANCING, LLC?
Mr. Eliasch has a vested, long term interest in the company.
The Company terminated a material contract on November 22, 2017, what potential contracts are in the works to replace the shortfall?
We are actively pursuing contracts related to the L-1011 acquisition as well as additional ultra long range business jet management contracts such as the one that we terminated.
How confident are you that the L-1011 initiative will payoff and how quickly can you ramp up? Are you already in talks with customers that may utilize the L-1011s?
we believe that the market for contractor owned and operated aircraft that are capable of aerial refueling operations is legitimate and worth the resource allocation that we are initiating.
The announcement of new contracts has been quite stagnant, can you provide any visibility or potential backlog for 2018?
We are constantly bidding on government contracts in the USA and internationally. Unfortunately the sales cycle for these contracts is quite long and tedious. Again, we are concentrating on the L-1011 air to air refueling market as well as additional special mission aircraft operations in the USA and Europe.
Finally, the lack of working capital is a concern and the potential to mitigate that with equity is a concern as well because of dilution, can you provide any color or comfort to how 2018 may pan out?
Selling equity to raise working capital is not ideal. Any equity raise will be done with the proceeds allocated to specific program or contract in order to enhance the profitability on an existing program or to enhance our opportunity to win the contract.
I will say that TMPS looks very intriguing if and when some of these hurdles are overcome. We are excited for what TMPS can potentially bring to the table in capital appreciation.
We are enthusiastic about the future performance of the company and we are getting there slowly but surely.
I completely disagree with your analysis.
With penny stocks and companies that have going concern language, you have to peel back the onion. When you peel back the layers, I see opportunity in TMPS.
Mark Daniels can drag it out, but can he afford it? My research says he can't, he looks like a very small fish. Also, if he drags it out he faces a potential counter suit, and in my opinion a large dollar amount would be justified for impeding contracts that TMPS is trying to line up. Mark Daniels wants a broker fee, and if it goes to trial, he has to prove that 50% ownership and $10 million dollars makes sense, plus he's going to have to provide a lot more evidence than what was attached in the complaint. A judge also has to clear this for trial, and per the attached exhibits, it looks like this should have gone to arbitration first.
Relatively few civil cases ever go through the full range of procedures and all the way to trial.
I believe the suits will be resolved quickly. Scott Terry also seemed optimistic in regard to the suits. The complaint is a kitchen sink complaint with multiple defendants in multiple jurisdictions. The evidence or Exhibits attached don't show a whole lot in my opinion. The only official document/exhibit attached in regard to TMPS is the non-disclosure agreement. Good luck trying to get the NDA to stick, just ridiculous.
It looks like the real issue lies with with Arthur Aslanian and Mark Daniels. Mark Daniels wants a referral or broker fee, and apparently he thinks it's worth or valued at almost $10 million and 50% ownership in the aircraft. Good luck with that Mark Daniels. My hope is that this gets dismissed before going to trial.
Also, I don't think this should stop the title transfer of the aircraft.
Just google map AGD SYSTEMS (Plaintiff) corp address. Give me a break.
8000 N. FEDERAL HWY, SUITE 320
BOCA RATON, FL 33487 US
This won't go to trial, and if it does Mark Daniels is going to waste a lot of time in discovery.
Also, his LinkedIn page is garbage. Ridiculous.
AEROGROUP AND AGD SYSTEMS (Plaintiff) looks like a very small company/contractor that tries to look bigger and better than they are.
Go to http://www.agdsystems.com/press-room.html and look at the 18 May 2015 press release. Almost 3 years ago and the L-1011s are still sitting there doing nothing?
To me it sounds like these guys (Plaintiff) are not on the level, nor do they have the cash to take this to trial. I think this will get resolved quickly.