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I'm buying every time we get into the low 20s, I love this price! I wonder if it will hit the high 20s next week? The answer, it always does! And then one day it will explode to the upside.
-Fix them
-Only take the planes that do pass
-Pass on the transaction completely and look for the next opportunity in the event the planes can't be repaired (highly unlikely)
These planes were placed in "flyable storage" by the Royal Air Force, which means (especially in a military setting) that they can be recalled quickly to a future service if need be, and in many cases are occasionally flown to ensure readiness.
2018 fiscal year has begun. I think we'll see Tempus secure some contracts or task orders in the first quarter.
Nice job! Big volume today.
Call will not be uploaded because of quality issues. Unfortunately, I was unable to be on the conf call, I wish I could at least read a transcript. However, I was informed that they will be posting the Q&A to their website.
I would not be selling with an investor update around the corner. A new major league management, are you kidding me? Do you really think they're going to have bad news? I'm anticipating an update on capital structure, a potential new financing package, and a potential new contract along with a positive outlook. There's potential for this stock to shoot up over a dollar during the call.
INVESTOR UPDATE
Tempus Applied Solutions Holdings, Inc. (TMPS) executive management will hold an investor update discussion via telephone conference call on Friday, 22 September 2017 at 1130 am Eastern Time. All shareholders and potential investors are welcome to join by dialing 800.273.7043 (outside U.S. +1.469.759.7740) and using passcode 6974652. The call will last for approximately 1 hour with 30 minutes dedicated to a Q&A session with the CEO and CFO. Questions from participants may be submitted via email to kterry@tempus-as.com no later than 5:00 pm Eastern Time on Wednesday, 20 September 2017. An overview of TMPS current business strategy and a summary of financial performance up to 30 June 2017 will be provided by management during the call.A recording of the conference call will be available on the Company's website from 5 pm Eastern Time on Friday, September 22, 2017, until 5pm on Tuesday, September 26, 2017.
Not sure, I need to look into that. It was formed 8/21/17 in Delaware. It may be nothing or it was a strategy that never came to fruition.
Per audit:
Other income (expense) was ($3,376,398) for the year ended December 31, 2015. Of this amount, ($3,095,700) represented the increase in warrant liability we incurred as a result of the IPO Warrants we inherited in the Business Combination and the Series A and Series B Warrants we issued in connection with the Financing.
The private side has the assets to support the public side, that's been indicated in their filings. TASS can always lease aircraft to TMPS if needed, and TASS has the working capital and the banking relationships to provide that support. Also, Tempus Intermediate Holdings (TIH), owned by Firefly Financials, Ltd (Johan Eliasch), which is under common control with the Company and is managed by the CFO, Johan Aksel Bergendorff, owns certain aircraft used by Tempus to provide services to certain customers. I was hoping for a merger, but that may be harder than anticipated when taking into consideration contracts that they're already servicing and the nature/secrecy behind certain gov contracts, or maybe they just see an advantage in keeping half of the Tempus org private.
If they refinance the $6.2MM convertible note sooner rather than later, that sends the stock much higher, dilution is taken off the table in a big way.
If they secure a credit facility with debt and/or equity, this stock shoots higher, working capital issue solved and any bullet debt is pushed out allowing them to focus on the core business and securing contracts.
Refinancing, a new financing package, new contracts and winning back contracts that were delayed will send this stock into the stratosphere.
I believe TMPS has support from multiple avenues on the private side: TASS, TIH, and Johan Eliasch.
I concur, there's no dilution yet.
Like any normal investor, I'll be monitoring the stock closely and make a decision at that time. What I won't do is bash the stock on a penny stock message board and point out the challenges that lie on the surface, that's easy, it's a freakin penny stock. A company like this requires a more in-depth analysis, and if you've read my posts, you can see that I don't mess around when it comes to research. Sure, this company could fail, but I like the rumblings that have begun.
These are all from the filings, and there's plenty more beyond these:
As of August 14, 2017, the Company entered a definitive purchase agreement for the acquisition of six Lockheed L-1011, subject only to satisfactory completion of inspection of the aircraft. As payment for the aircraft, the Company expects to issue approximately 6.7 million shares to the seller during the third quarter of 2017.
Tempus continues to incur operating expenses in support of business development efforts in addition to various organizational and transactional costs in support of potential merger and acquisition activity. In addition, new customers and contracts will require investment in working capital and aircraft assets.
The majority of Tempus Intermediate Holdings, LLC (“TIH”) is owned by Firefly Financials, Ltd (or Johan Eliasch), which is under common control with the Company. The Manager of TIH is our CFO, Johan Aksel Bergendorff. TIH owns certain aircraft used by Tempus to provide services to certain customers.
Upon the sale of Orion, which was founded by Mr. Terry, he entered into a non-compete agreement which has expired. Our management and employees retain extensive relationships in the previously restricted market.
Our personnel have earned the security clearances required to support various agencies within the DoD and intelligence community. Our leasing model is well-positioned to be of benefit to U.S. government contractors that generally have not wanted to own or manage aircraft assets due to their unwillingness to carry high levels of capital assets. Traditional leasing firms do not hold the requisite expertise, market knowledge or security clearances to address the unique U.S. government end customer.
Technically it's up a whole hell of a lot more than 50% in the last few months. It was at $0.03 in June. I have an enormous gain that I'm holding onto right now, but I believe it has further to go. I could care less about day traders and fluctuations in the stock from day to day. My outlook is years. Not only that, I could care less if this stock went to $0. This is a penny stock and highly speculative, which means I invest accordingly. Talk to me in a year. A broken clock is right twice a day.
Because my cost basis is $0.09 and I have a substantial amount of shares. However, I still take nibbles from time to time. Not only that, I'm not a moron that puts all his eggs into one basket.
So because it hasn't gone up since you bought it, that means it's a terrible stock? God forbid you hold on to a stock for more than a few months if not days. Sell your shares and you don't have to worry about it anymore.
You're right, I don't think it's undervalued, I think it's severely undervalued. It's a gift at $0.25.
Same could be said for Apple when it was trading around $0.25 in 1982.
So go buy Amazon. This is a penny stock, you're not a savvy investor because you can tear down a penny stock. Of course the company has its challenges, it wouldn't be trading at $0.30 if it didn't. However, there's a ton of potential here that could pay off in a big way. I've done my research, and this is one of those situations to where you could see this stock trade up to $5 in 12 - 18 months, it's completely plausible.
It's called investing, look into it.
Boeing has eaten $1.3 billion trying to fix their KC-46 Pegasus aerial refueling plane. Now new aircraft, USAF decision to buy more, pushed back months.
Boeing will not meet its contractual deadline to deliver 18 KC-46 tankers to the Air Force by August 2017 due to design problems with the plane’s refueling boom.
I believe this is in regard to the subcontract under the prime contractor or Patriot Group?
For those that are emailing Scott Terry, here's what I would get clarity on per the 10Q:
"The Company is currently in discussion with one major customer seeking assurances as to the Company’s ability to provide the contracted services, but the outcome of such discussions cannot be guaranteed."
This getting resolved plus bringing in other potential new business would obviously be monumental to the company and the stock price. In my opinion, TMPS is so close to overcoming the challenges that they've been faced with. That's why I love this stock, one big contract won and it's a different company.
I'm assuming it has something to do with the the acquisition of the six Lockheed refuelers.
However, per the latest 10Q:
"Tempus continues to incur operating expenses in support of business development efforts in addition to various organizational and transactional costs in support of potential merger and acquisition activity."
I love the activity I'm seeing. Everyone is obviously hard at work taking this company to the next level. New contracts/business is only a matter of time, and now that the majority of Tempus Intermediate Holdings, LLC (“TIH”) is owned by Firefly Financials, Ltd or Johan Eliasch & Johan Aksel Bergendorff, I predict a lot of good news is soon to come down the pike. We can all see that the wheels are turning, and it's not in reverse, you don't have to be a genius to figure that out.
TEMPUS SERIES C INVESTMENTS, LLC filed 8/21/17 with the State of Delaware.
File #: 6518698
Companies will issue warrants as a way to sweeten a deal during a takeover or restructuring.
I know a lot of people have been messaging me about the latest 10Q. I will respond once I'm able to complete a more thorough analysis. However, at first glance, I love what I'm seeing. I don't know why anyone would unload their position after reading excerpts like this:
"The majority of Tempus Intermediate Holdings, LLC (“TIH”) is owned by Firefly Financials, Ltd, which is under common control with the Company. The Manager of TIH is our CFO, Johan Aksel Bergendorff. TIH owns certain aircraft used by Tempus to provide services to certain customers."
"Tempus continues to incur operating expenses in support of business development efforts in addition to various organizational and transactional costs in support of potential merger and acquisition activity. In addition, new customers and contracts will require investment in working capital and aircraft assets."
"As of August 14, 2017, the Company entered a definitive purchase agreement for the acquisition of six Lockheed L-1011, subject only to satisfactory completion of inspection of the aircraft. As payment for the aircraft, the Company expects to issue approximately 6.7 million shares to the seller during the third quarter of 2017."
If you think I was excited about this stock before, I'm absolutely giddy over it now. I also think the financials are pretty damn good for a company that's trading below $0.30 and has going concern language. I mean, this is a penny stock, we all know what's involved here. I still see this stock going significantly higher over the next 12 to 18 months. I'll be buying as the less informed investors sell their shares.
"Tempus continues to incur operating expenses in support of business development efforts in addition to various organizational and transactional costs in support of potential merger and acquisition activity. In addition, new customers and contracts will require investment in working capital and aircraft assets."
You make a very good and valid point.
I've done some more research and I believe there are maybe 10 to 15 subsidiaries or affiliated companies that fall under Tempus Intermediate Holdings (TIH) or the holding company on the private side. I'm predicting that Tempus Aircraft Sales & Service (TASS) stays private, however, I hope that's not the case. Based on the people I've talked to in the aviation industry that sell aircraft, TASS alone is probably doing around $40MM in top line revenue if not more. TASS also has sizeable exposure with conservative lending institutions, which means the banks think that TASS is a wise investment. Even if TASS stays private and is pieced off to John Gulbin, there are still numerous entities that can roll into TMPS. My research indicates that you have maintenance facilities and aircraft parts facilities that could potentially double the revenue and the assets of TMPS. I believe the financial statements are going to look a lot different when the 10Q is released. Right now this stock is undervalued in a big way, but should my theory be correct, the valuation alone should send TMPS up substantially. I personally don't care if this stock moves up in the short term, the long term potential here is what I'm attracted to. You can buy shares for less than $0.50, and if that alone doesn't excite you then you're in this stock for the wrong reasons, especially if you've done your research. I feel confident that this stock could easily hit $5 in 12 to 18 months.
One final thought. With all these entities and moving parts, I'm still curious how their lenders or better yet the legal departments of their lenders feel about all theses potential changes. With the debt that the overall Tempus organization holds, that's a lot of loan documents and titling that may need to be amended. Perhaps everything is in fact getting rolled up into TMPS, and maybe Johan Eliasch is guaranteeing the debt. That's probably pie in the sky mentality, but it's fun to think about.
The next couple weeks should be interesting.
I'm not worried, the short interest is almost nonexistent.
Obviously we're going to get a lot more detail once the Q2 numbers are released. However, I've done my homework, and the overall Tempus organization (private + public) does around $100MM in top line revenue. Per title searches, the banks that lend to them would not be doing so unless the entire Tempus umbrella was on the hook, had good debt service, and a bankable balance sheet. If the entire organization were to combine and trade under TMPS, you're looking at an astronomical return. This is why I believe Johan Eliasch is in the mix.
Here's what I have to ask myself:
Is John Gulbin coming along for the ride or will they continue to operate as public and private entities? They say he resigned from the TMPS board, but he's the only one whose Letter of Resignation is not listed in the filings. TASS is under TIH, and TASS seems to be quite strong. John Gulbin is the President/CEO of TASS or what I believe is tempusaircraft.com. Did they piece TASS out? Does the business combination include everything but TASS?
This sentence was recently added to the about section of tempusaircraft.com:
The Tempus family includes:
– Tempus Applied Solutions – A publicly traded company that specializes in technical solutions for government entities.
– Tempus Jets – A privately owned company that provides aviation solutions to private and commercial customers.
The good news is that it's a win-win for investors. Either way I think you're going to see a much stronger balance sheet when the Q2 financials are released. This stock should be trading well over a $1 in my opinion.
As I've stated in the past, if the entire Tempus organization were to trade under TMPS, you're looking at a $10 to $15 stock, no question. If I'm Johan Eliasch, this is the scenario I want.
Buckle up!
Excellent post!!!
The Amended 10Q that was filed today could potentially show a much different company when they release their Q2 financial statements, which should be any day now. This stock is getting ready to move to the upside in a big way.
Thanks for the heads-up lagunarad!
Per the Amendment (filed 8/8/17) to the 3/31/17 10Q, it sure sounds like a merger to me:
This Form 10-Q/A amends information set forth under Note 9 (Related Party Transactions) to the Company’s unaudited consolidated financial statements for the 3-month period ending March 31, 2017 (“Q1”), regarding the control of TIH, as filed in the Company’s Form 10-Q for Q1 (the “Original 10-Q”).
During the period covered by this quarterly report, our CEO Scott Terry owned a majority interest in and was manager of TIH. On May 18, 2017 Scott Terry's interests in TIH came under common control with the Company, he resigned as manager of TIH, and our CFO Johan Bergendorff was appointed manager. TIH owns certain aircraft used by Tempus to provide services to certain customers.
This is comical.
TMPS is currently bidding on 4 contracts right now. However, that doesn't include potential classified missions.
Also, the fact that the private entity (TIH) can purchase an aircraft like this is nothing but great news. If you read between the lines it shows me that TIH is strong and has the balance sheet strength to make a large purchase like this. I'm telling you, if the public entity merges with the private entity you're looking at a $10 stock price. I don't know if this is going to happen, but even if it doesn't, the private and the public entities clearly work hand in hand, which is why the public entity is able to go after these government contracts. Basically, the companies don't need to merge in order for TMPS to be successful. Scott Terry's non-compete is up and I'm confident he'll be able to secure contracts in the near term.
I'm sure the aircraft will be used for a contract or mission.
Per the latest 10Q:
TIH (Tempus Intermediate Holdings) is controlled by John G. Gulbin III, a former member of our Board of Directors. TIH owns certain aircraft used by Tempus to provide services to certain customers.
Based on my research this plane is being purchased by the private company.
I'm anticipating an announcement (contract, merger, etc.) when they release their 10Q in the next couple weeks, if not before. I think you'll start to see this stock tick up substantially in the next few trading sessions, but one never knows.