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Full year 2016 10K was released 3/31/17, and 2017 Q1 (period ending 3/31/17) earnings were released 5/22/17. The 10Q for period ending 6/30/17 or Q2 is up next and should be released shortly. I expect positive news:
new contracts
backlog update
merger announcement
strong outlook
restructured balance sheet
I can't emphasis enough that Scott Terry's non-compete is up and he is no longer bogged down by his inability to go after certain contracts. Now that the non-compete is lifted, it has unlocked and enormous amount of value. I'm quite surprised that the stock has dipped this much after shooting up to a buck. I believe the cash crunch issues and the late payments are in the past.
Straight from the 10K (full year 2016) filed on 3/31/17:
Our CEO, Mr. Terry, has previously run, grown and sold two companies that provided turnkey commercial aviation services for government customers, namely Flight International and Orion Air Group Services (“Orion”). 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.
Johan Eliasch appoints a CFO that specializes in mergers and takes a controlling interest instead of exercising his right to proceed with the default and take the asset (airplane) back. My opinion is they are cleaning up the balance sheet of TMPS and adding assets from Tempus Intermediate Holdings. Book value alone propels this stock a whole heck of a lot higher. There's a reason this stock is seeing activity, and it has nothing to do with manipulation or shorts. The only thing this stock has done is attract the traders that want to bet against it simply based on the technicals and the quick run it has had from 0.03. However, they have created a buying opportunity for investors. I think you'll see some big/positive news when they release their 10Q, which should be very shortly. My prediction is you'll see a run-up a few days before they release their 10Q, and then an explosion to above 1$ when they do finally release their 10Q. Shorting this company is an enormous gamble when they're just about to report their Q2 earnings, especially with the filings as of late. If you're short right now my hat's off to you, that takes some moxy. At 0.35 this stock is an absolute gift for an investor.
"Tempus has not filed a response to the lawsuit but agreed on Feb. 3 to extending the temporary injunction on splitting up the business until March 3."
Merger/Acquiring Assets
19. On Wednesday, February 1, 2017, Terry’s counsel, Roy M. Terry, informed
counsel for Firefly, and Johan Eliasch, the beneficial owner of Firefly, that Terry and Gulbin are in the process of separating their business interests and intend to distribute certain assets of TIH
amongst themselves. Specifically, Roy M. Terry has explained that Tempus Aircraft Sales & Service, LLC (“TASS”), will be distributed to Gulbin, and the remaining assets of TIH with some exceptions, will be distributed to Terry. On information and belief, TASS operates a
Pilatus Aircraft dealership and is a substantial asset of TIH
Case 4:17-cv-00008-HCM-DEM Document 1 Filed 02/02/17 Page 4 of 10 PageID# 4
5
A merger was already in the works from what I'm seeing.
Per the statement below, it looks like Tempus Intermediate Holdings (the stronger private company) was already in the process of transferring assets to the public entity. Scott Terry (CEO TMPS) already pledged the assets of the private company to secure the loans. However, Johan Eliasch (Firefly) wouldn't allow him to transfer the assets. Now that Johan has a controlling interest, I wounder if he'll allow it now? I'm assuming now that Johan owns a ton of shares he might reconsider. If it happens, the public entity is going to absolutely skyrocket.
"The lawsuit is based on Firefly’s claim to a membership interest in a Tempus holding company, Tempus Intermediate Holdings. Terry, through a trust, pledged that interest to Firefly in order to secure the loans. Firefly said the security agreement specifies that Tempus’ holding company would not sell or transfer its assets as long as it still owes on the loans."
http://bangordailynews.com/2017/02/27/news/midcoast/lenders-lawsuit-rent-owed-at-maine-site-add-to-tempus-jets-struggles/
I think it's profit taking. When you have a rise that extreme and that quick, you're going to have traders focused on the technicals crowd the trade. I focus on the fundamentals and look at this company as an actual investment for the long term. It's no secret this is a penny stock, but the story behind this company right now is very compelling. It takes a minimal investment to make a big return. People shorting this stock probably don't sleep that well at night because they know this stock could shoot up to a $1 in a matter of minutes. With that said, there's always someone out there trying to manipulate a stock, but in the end they get pushed out if the fundamentals are sound. The margin requirements to short this stock wouldn't make it worth it to me. Right now you're looking at a buying opportunity, especially for traders that missed the move to a buck.
I couldn't agree more.
Ridiculous. And there's a boogeyman under your bed as well. What's more realistic? This is an elaborate scheme that may bring about an investigation and legal ramifications to their businesses, especially when you're talking about a company that's providing services to the military and government, or is this businessmen and companies coming together in order to build value? I'm going to go with they're out to create value and not ruin their reputations.
I agree. Here's an article about Orion Air Group before it was sold by Scott Terry (CEO) TMPS. Looks like he's ready to ramp up again now that his non-compete is no more.
https://www.google.com/amp/www.ainonline.com/aviation-news/defense/2011-07-25/orion-air-group-breaks-cover-describe-special-mission-work%3Famp
That statement is absolutely true about the executive team. However, it's not all under TMPS. Scott Terry (CEO) sold Orion Air Group, and based on my research, Orion Air was doing $100MM to potentially $200MM or higher in annual revenue. When he sold Orion Air he agreed to a non-compete that was just recently lifted.
I think he may have sold Orion Air because of legal trouble and an FBI investigation:
Sen. John Miller, D-Newport News, was hired as director of community relations at Orion Air Group last July. That came five months after the tax break legislation — which Miller co-sponsored — passed the General Assembly.
In an interview Friday, former Del. Tom Gear, R-Hampton, said he met with a federal agent two weeks ago at an FBI office in Oyster Point. The agent, Gear said, told him he was investigating Miller and the Orion Air Group, an air services company based at Newport News-Williamsburg International Airport.
Maybe not by next week, but soon. I think news will come out very close to when they report their Q2 numbers. TMPS has a lot of headwinds behind them and the future is looking quite good as far as developing new business. Scott Terry's non-compete is lifted and he has the government and prime contractor relationships to really open up the floodgates now. Although I have my concerns, this stock is the most compelling stock I've seen in a long time. I can only imagine what's going on behind the scenes right now.
Good post, but I disagree with the notion that Johan is doing this to recoup his money. He had the right to take the plane or the asset back. Why didn't he do that? It's currently being used by the government, and Johan could continue to collect payments from the gov until the contract is up. After that he could recoup his money if not make a profit by selling it on the open market. Johan saw an opportunity to make a ton of money by investing in TMPS and watching it increase in value. It doesn't matter how Johan obtained his shares because shares are shares. He now has the opportunity to make hundreds of millions. Do you think he cares about $6MM? I mean honestly? Do you think Johan wants to invest his time and money, appoint a CFO that specializes in M&A just to recoup a minimal amount (in billionaire terms) when he could have just sent a pilot to fly the plane To a destination of his liking? Makes no sense when you're talking about a billionaire businessman. Not only that, he can choose to convert a portion of his shares, he doesn't have to dilute.
There's a reason he's a billionaire, and it's because he can see what lies underneath and not just what's on the surface.
Private:
Tempus Intermediate Holdings (TIH)
Tempus Aircraft Sales and Service (TASS)
CEO - John G. Gulbin III (Jack)
(former board member of public company)
Partner/Owner - Scott Terry
(CEO of public company)
Public:
Tempus Applied Solutions
CEO - Scott Terry
Johan Eliasch (takes controlling interest in public company)
Appoints CFO that specializes in mergers
TEMPUS AIRCRAFT MARKETING, LLC new entity formed on 7/3/2017 under the public company.
Private company looks very strong, and the public side was formed for government and military use. However, Scott Terry was under a non-compete when he sold Orion Air and limited his ability to write additional business. Non-compete is now lifted (you can read in SEC filings) and can now seek additional contracts.
This has the makings of something big, which is why Johan Eliasch is investing his time and energy instead of taking back the airplane that was is default. If he didn't see value, he would have taken the plane back and sold it on the open market to recoup his money. He probably could have easily sold it to the government or the prime contractor since it is currently being used as part of a gov contract.
Confirmed research.
Private:
Tempus Intermediate Holdings (TIH)
Tempus Aircraft Sales and Service (TASS)
CEO - John G. Gulbin III (Jack)
(former board member of public company)
Partner/Owner - Scott Terry
(CEO of public company)
Public:
Tempus Applied Solutions
CEO - Scott Terry
Johan Eliasch (takes controlling interest in public company)
Appoints CFO that specializes in mergers
TEMPUS AIRCRAFT MARKETING, LLC new entity formed on 7/3/2017 under the public company.
Private company looks very strong, and the public side was formed for government and military use. However, Scott Terry was under a non-compete when he sold Orion Air and limited his ability to write additional business. Non-compete is now lifted (you can read in SEC filings) and can now seek additional contracts.
This has the makings of something big, which is why Johan Eliasch is investing his time and energy instead of taking back the airplane that was is default. If he didn't see value, he would have taken the plane back and sold it on the open market to recoup his money. He probably could have easily sold it to the government or the prime contractor since it is currently being used as part of a gov contract.
It looks like John (Jack) Gulbin and Scott Terry are partners in the private company. There is a tremendous amount of value that can be unlocked here, which is why I believe Johan Eliasch appointed a CFO that specializes in mergers. Johan Eliasch is going to clean up if this happens, and so will the shareholders.
I believe Tempus Applied Solutions will be merging with http://tempusaircraft.com/ potentially next week. Based on my research, http://tempusaircraft.com/ or Tempus Aircraft Sales & Service, LLC/Tempus Intermediate Holdings, LLC based in Englewood, CO, is a private or non-public company that is not part of Tempus Applied Solutions. It looks like (TASS)/(TIH) may do $40MM to $60MM in revenue and is low risk and probably quite profitable. I think this makes (TMPS) a $10 to $15 stock on valuation alone if and when this happens.
THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 6465101 Incorporation Date / Formation Date: 7/3/2017
Entity Name: TEMPUS AIRCRAFT MARKETING, LLC
Entity Kind: Limited Liability Company Entity Type: General
Residency: Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: THE COMPANY CORPORATION
Address: 251 LITTLE FALLS DRIVE
City: WILMINGTON County: New Castle
State: DE Postal Code: 19808
Phone: 302-636-5440
Additional Information is available for a fee. You can retrieve Status for a fee of $10.00 or
more detailed information including current franchise tax assessment, current filing history
and more for a fee of $20.00.
They formed a new entity on 7/3/2017 in Delaware, plus you have a new CFO that specializes in mergers. A merger is coming, and I'm assuming it's with http://tempusaircraft.com/, a private company that has the largest sales & maintenance hubs throughout the southwestern United States for Pilatus and other aircraft manufacturers. Not only that, the CEO of http://tempusaircraft.com/ used to sit on the board of TMPS or was related in some way. This company could be a $100MM revenue company in a matter of days, which is why Johan Eliasch did what he did instead of just taking back the aircraft and selling it. Why else would he invest his time and energy into Tempus if he had the option to take the aircraft back and recoup his money with very little hassle by selling it? Tempus couldn't make the payments because Scott Terry (Tempus CEO) was under a non-compete and it limited his ability to write new business. Now that the non-compete is lifted, Johan and Scott are going to unlock a huge amount of value. Think about it, they'll have the private side, the government side, and now the finance side all wrapped up into one package. Betting against this stock would be a huge mistake in my opinion:
Entity Details
THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 6465101 Incorporation Date / Formation Date: 7/3/2017
Entity Name: TEMPUS AIRCRAFT MARKETING, LLC
Entity Kind: Limited Liability Company Entity Type: General
Residency: Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: THE COMPANY CORPORATION
Address: 251 LITTLE FALLS DRIVE
City: WILMINGTON County: New Castle
State: DE Postal Code: 19808
Phone: 302-636-5440
Additional Information is available for a fee. You can retrieve Status for a fee of $10.00 or
more detailed information including current franchise tax assessment, current filing history
and more for a fee of $20.00.
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Scott Terry's (CEO Tempus Applied Solutions) non-compete is up, that's what's most compelling to me. Before he was limited to what business he could go after, now the world is his oyster. Not only that, Scott Terry is an owner in the largest Pilatus dealership (http://tempusaircraft.com) throughout the southwestern United States. Maybe Johan Eliasch saw an opportunity to take control of a company that has enormous growth potential. Johan could have just taken the plane back and sold it, which would have made sense when taking into consideration that the plane is a good asset and holds its value well. Why would Johan go through all this trouble of taking control of a company when he could have just taken the plane back and recouped his money that way? Instead he's investing his time & energy and appointing a CFO, which means to me he isn't going to do that to make just a little money, he's doing that to get a return that's worth his time. This stock is going much higher!
I agree, something very interesting is going on here. I think you're looking at a possible merger when you start to connect the dots and read the filings. A billionaire doesn't just step in along with a new CFO that has M&A experience if something wasn't in the works.
Just look at the filings, activity all over the place with big names getting involved. It's a new quarter as well, so I would expect some announcements in the short term that will propel this stock significantly higher.
Exactly. This company can go after all the business it wants now. You could see revenues triple in a matter of months.
When you start to connect the dots, you'll see this stock has some interesting movement and news. Not sure what it all means, but it's very interesting to say the least. All you have to do is read the filings and do some research. I feel like I'm looking at a $15 stock. The last sentence of #1 below is huge in my opinion.
1)Per the 2016 10K - CEO, Mr. Terry, has previously run, grown and sold two companies that provided turnkey commercial aviation services for government customers, namely Flight International and Orion Air Group Services (“Orion”). 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.
2)John G. Gulbin III is a board member of Tempus Applied Solutions and CEO of Tempus Jets. Per http://tempusaircraft.com/, they are a large Pilatus/aircraft dealer and may be the largest Pilatus dealer in the western part of the United States.
3)Billionaire Johan Eliasch is Swedish. I started to wonder what might be going on here. The Pilatus aircraft manufacturer is a Swedish company, and not only that, Tempus Applied Solutions uses the Pilatus PC-12 for some of their contracts. http://www.prnewswire.com/news-releases/tempus-applied-solutions-awarded-us-africa-command-contract-300244762.html
When you start to connect the dots, you'll see this stock has some interesting movement and news. Not sure what it all means, but it's very interesting to say the least. All you have to do is read the filings and do some research. The last sentence of #1 below is huge in my opinion.
1)Per the 2016 10K - CEO, Mr. Terry, has previously run, grown and sold two companies that provided turnkey commercial aviation services for government customers, namely Flight International and Orion Air Group Services (“Orion”). 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.
2)John G. Gulbin III is a board member of Tempus Applied Solutions and CEO of Tempus Jets. Per http://tempusaircraft.com/, they are a large Pilatus/aircraft dealer and may be the largest Pilatus dealer in the western part of the United States.
3)Billionaire Johan Eliasch is Swedish. I started to wonder what might be going on here. The aircraft manufacturer Pilatus is a Swedish company, not only that, Tempus Applied Solutions uses the Pilatus PC-12 for some of their contracts. http://www.prnewswire.com/news-releases/tempus-applied-solutions-awarded-us-africa-command-contract-300244762.html
Still has legs, still undervalued.
Per the 2016 10K:
Our CEO, Mr. Terry, has previously run, grown and sold two companies that provided turnkey commercial aviation services for government customers, namely Flight International and Orion Air Group Services (“Orion”). Upon the sale of Orion, which was founded by Mr. Terry, he entered into a non-compete agreement which has expired.
My research indicates that Orion was maybe doing around $100MM in top line revenue. Now that the non-compete is up, plus there are some heavy hitters (deep pockets) in the mix along with the added increase in defense spending and a Trump administration, I expect big things out of this company. This stock is going a lot higher, maybe $10 to $15 in 2 years if not sooner.
There's a lot more going on here.
Per the 2016 10K:
Our CEO, Mr. Terry, has previously run, grown and sold two companies that provided turnkey commercial aviation services for government customers, namely Flight International and Orion Air Group Services (“Orion”). Upon the sale of Orion, which was founded by Mr. Terry, he entered into a non-compete agreement which has expired.
My research indicates that Orion was maybe doing around $100MM in top line revenue. Now that the non-compete is up, plus there are some heavy hitters in the mix along with the added increase in defense spending and a Trump administration, I expect big things out of this company. This stock is going a lot higher, maybe $10 to $15 in 2 years.