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The judge ordered Terry to inform the court within 7 days if he will retain counsel. Judge also informed Terry of the "consequences of such failure". Richmond Federal Court case #: 4:2017cv00127
read the motion. he will get defaulted if he does not get a lawyer.
Scott Terry subjected of $10,000,000 or $11,000,000 judgment. Scott Terry is a personal guarantee of this loan.
Yes, but the plane has not flown since then.
He should have done that before, never looks good when an attorney withdrawals from a case for non-payment issues.
Scott Terry doesn't have any money to pay his lawyer.
Scott Terry's attorney filed a motion for withdrawal for non-payment of legal bills.
The G-IV is now blocked on Flight Aware.
That's kind of true, but I've already done an FOIA on this aircraft and it's not the case.
As of today, the G-IV is registered to N198GS Trustee, not Tempus. I wonder why they represent it as a company-owned asset? And, of course, they are selling it back to Johan (via Santiago) for $2,000,000 in the event of some type of contract default by Tempus.
So what's going on with the G-IV?
where is the 10K!
When is the 10K due or is the 10K already past due?
Then why does Tempus Applied Solutions have a picture of that aircraft on it's "About" page; that aircraft is the target of that lawsuit. Seemed to me that there is or was a "connection". The same leasing company (Business Aircraft Leasing) sued Tempus/Mr. Scott Terry in 2017, stemming from the same set of circumstances
https://www.tempus-as.com/about.php (SEE THE TAIL NUMBER IN THE PHOTO).
3:16-cv-00736 Business Aircraft Leasing, Inc. v. Tempus Jets, Inc.
Aleta A. Trauger, presiding
Date filed: 04/13/2016
Date terminated: 05/24/2017
Date of last filing: 05/24/2017
https://www.pacermonitor.com/public/case/23733230/Business_Aircraft_Leasing,_Inc_v_Tempus_Jets,_Inc_et_al
Tempus Aero Solutions SIA in Latvia
Does anyone know about or what this is?
Subsidiaries of Tempus Applied Solutions Holdings, Inc.
Can a company that has DOD contracts be controlled by a foreigner?
I'm sure there have been some posts about this up before? Since Johan is not a US citizen, does anyone know if that plays a role with regards to his controlling/ownership stake? Has anyone researched this? Does the US government permit these types of dealings?
it's all the same company, it's like the wild wild west with these people. they don't care about their investors they only care about putting money in their pocket and then set up shop somewhere else and do the same thing.
can't be that nieve, it's all the same thing. and if a judgment is entered against Terry for 9.5M, he won't have any time to run any company, he also won't have a house to live in or a car to drive.
Greensill lawsuit; It's almost like a judgment and a preliminary injunction at the same time. If I were Greensill, I'd be pretty confident of a favorable outcome.
Scott Terry & Gulbin answer is due for a potential $9,500,000 judgment on the pleadings.
Greensill Capital (UK) Limited v. Tempus Intermediate Holdings, LLC et al
Arenda L. Wright Allen, presiding
Lawrence R. Leonard, referral
Date filed: 10/13/2017
Date of last filing: 01/02/2018
Tempus will need to fully disclose their most recent lawsuits in their financial statements. Let's see if they conveniently forgot to include them.
"Billionaire" stole the company….I agree.
Appears that “Billionaire” got the company because Tempus defaulted on some lease payments on a vintage 1989 G-IV that’s only worth $2.5M and according to their SEC filings, they paid $6.2M for it. That’s crazy!!
It probably would not surprise you all that the “Billionaire’s” other aircraft, (registration G-HMEI) is an old Falcon 900-B, serial # 1 used to fly in and out of RAF airport. I know there was some strange and recent deal Tempus did for 6 former RAF planes?? The company that Tempus bought the airplanes from name is Johan, the “Billionaire” name is Johan and Tempus new CFO is Johan! That’s 3 Johan’s! I’m sure their names are a coincidence, but certainly a noticeable coincidence.
Curious to see what Mr. Terry has to say in his reply to the Greensill lawsuit on Thursday. Why didn’t they put this on their financial statement the other day, I thought officers were supposed to disclose any material lawsuits against them personally AND $10 MIL is huge.
https://www.pacermonitor.com/public/case/22741556/Greensill_Capital_UK_Limited_v_Tempus_Intermediate_Holdings,_LLC_et_al
Tempus overpaid by at least $3M on that G-IV.
There are other G-IV's on the market for $2.5M.
Reading their SEC docs, they are on the hook for $6.2M.
Why did they pay so much? Am I missing something?
Possible default for Tempus.
Tempus did not reply in time to Greensill's complaint.
Looks like a bunch of excuses by Tempus and begging the judge to let them file a response or face default.
https://www.pacermonitor.com/public/case/22741556/Greensill_Capital_UK_Limited_v_Tempus_Intermediate_Holdings,_LLC_et_al
Not enough money to put gas in the planes...
This Greensill Capital appears to be a factoring company (assigning account receivables), and I’m assuming Tempus worked receivables deal with them and appears Tempus stopped making payments:
https://www.pacermonitor.com/public/case/22741556/Greensill_Capital_UK_Limited_v_Tempus_Intermediate_Holdings,_LLC_et_al
The plaintiffs hired several attorneys who specialize government investigation involving government contract issues. If Tempus only has 3 or 4 major contracts, it would appear the receivables are from these government contracts. I could be wrong, but this would make sense considering the size of the monies the plaintiff alleges they are owed ($10,000,000).
“His practice includes representing companies and individuals in civil and criminal government investigations often involving government contract issues”
https://www.gtlaw.com/en/professionals/b/barger-david-g
They just lost a significant/large customer that represents a significant share of their revenues.
Firefly Financial sued both Tempus and Terry last year, Firefly is the same company owned by Johan Eliasch and Johan Eliasch is the same guy that apparently has control over both Tempus Applied and Tempus Intermediate.
https://www.pacermonitor.com/view/VRC2VLQ/Firefly_Financial_Limited_v_Terry_et_al__vaedce-17-00008__0001.0.pdf
I called the FAA yesterday and appears their certification has expired for the G-IV. The last time it flew was over 6 months ago. See FlightAware link: http://flightaware.com/live/flight/N198GS
In their 10K financial statements, they only had $19,243 in the bank. That’s not even enough money to put fuel in the G-IV. The aircraft can hold 5000 gallons and the fuel rate today at BXM (the airport where the G-IV has been at for 7 months) http://flightaware.com/resources/airport/KBXM/businesses. 5000 gallons x $4.95 = $24,750.
And another thing, why is the G-IV aircraft that Tempus is paying dearly for sitting on the ground since May? I called the FAA this morning and the experimental certificate for the aircraft has expired. Tempus can't fly it unless that certificate is renewed and it expired in June 2017.
I'm just looking at the basics, they lost 50% of their cash flow and the company including Mr. Terry are being sued by a company that loaned them money (Greensill), which I'm assuming Tempus did not pay and I believe it's in the $10,000,000 range. That's huge.
Does anyone seem to care that they lost almost 50% of their revenue from a 1 of 2 main customers?
Does anyone know the purpose of the G-IV aircraft, that has the camera installed on it? Is this for a contract Tempus has?
Hi, can someone tell what Bluebell has to do with Tempus? I could not understand the relationship between Tempus, Bluebell, Johan Eliasch and Santiago.