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Yes....that is an interesting question.......are the subsidiaries also delisted? For all practical purposes it seems so. If not then what?
They would give award to a private company......in good standing.......
Also in view of this I will hold on the emails to consider what to add. With the new information what do you want to know that I can add in the emails and registered letters? I am not going to go away and will continue to pursue.
Because the response to the RFP is typically as a valid corporate entity. Any appreciable change will likely disqualify. I just cant imagine the Govt awarding them anything.
Does anyone think that they might be given a contract under this cloud?
The Govt. is not going to award any contract to a revoked company. So now lets talk options. My emails are still going out and I am going forward with "due diligence". Does anyone plan to continue?
And I agree with you also Bob. What I am doing is planning a precise trail of content that we can rely on in the future that proves our "due diligence" and the time lines. Thats all for the moment. If we believe the Johans and the company is on the level, what we are asking is simply what the shareholders are entitled to. After an award decision we can do as we all see fit. I just believe in strength in numbers if we are badly treated.
Oh yes and I agree completely with you Sir Bika. My only point is that I have learned over many years that responding politely and quickly is advantageous and will save a lot of time at the back end. Also, it provides a clear paper (electron) trail that shows that we politely and with concern for the company were exercising our responsibilities.
An ounce of prevention kind of thing. Thank you for affirming and I completely agree with your ideas and input.
Maybe they named it Caterpillar because its so ugly at first but turns into a beautiful butterfly..........like TMPS we hope....
Why thank you for that. Generally the plan I would recommend is to exercise respectful and polite due diligence requests up to and past the contract award should that occur. I have requested a shareholder meeting with the Principles of the company at a convenient place or virtually in this next request.
Following the award milestone (win or lose) the following for Phase 1:
1. Request shareholder meeting as soon as possible.
2. Request data on financial status of the company documented (we are entitled to this).
3. Begin involvement of authorities if no contact is possible.
4. Contact all shareholders for group request for information.
5. Potentially recommend sale of assets and distribution to shareholders.
Phase 2: Still working on that.
Good question, but someone is buying. And someone bought huge numbers before the delist. This is truly the wierdest stock I have ever owned. Incidentally, my second request is going out tomorrow (its been 2 weeks with no response) and no one has offered any input into what requests they wanted to see as shareholders.
How can they take us seriously as shareholders if we dont even have the initiative to ask for our due rights or responsibilities? If we dont provide due diligence as shareholders then we are just as remiss as they are. I am including Igors "....will they accept service for the Principles?"
Please provide input and suggestions for the next requests to the Principles of TMPS.
Correct Wingtrade and Igor; My goal is to do precise and non threatening due diligence. Our rights as shareholders are clear and we must provide our most professional and expeditious requests to assure that we are heard. I do appreciate the input from all of you. Thank you.
Just a note that the second round of emails and registered letters will be going out likely close of this week. As shareholders do you all wish me to add any requests to the email I will be forwarding. I did recall the recommendation by Igor to see if tey would accept service. Any other specific shareholder requests are welcome. Due diligence.
K....Thank you!
Anything traded on the greys?
I think thats what I said. The Navy in its source selection process, RFP, Q&A, and award process does all that. They awarded some maintenance money and taking an aircraft out of mothballs cannot be insurmountable. But yes it is speculation.
Correct......but thats why they are so scarce and the contracts are critical and not small. I just dont know.
True. Thats why I would expect some activity in getting them ready. There is a lot of prep required and if the RFP required immediate usage they have to get ready. Also they did receive a small maintenance contract for just this purpose I think.
Dont the aircraft need to be ready to go on contract award. If so, they need maintenance, checks and run-ups as well as pilots and ground support. Dont they need a runway for that?
Oh I agree completely and that is why there are no threats involved. I am transparently requesting only,and exactly what we as shareholders have a right to. I said in a previous post that if we do not document our due diligence we could be just as uncommunicative as we complain about. I am going forward with the concept that these guys are smart, fair, very busy, and need reminding that we are out there and want the company to succeed for their profit and our profit. I take you advice very seriously and thankfully. I also waould appreciate input like Igor provided.
Thank you sincerely. I just act in my/our interests and I have learned from much past unpleasant experiences that not acting in a timely manner will be a poor strategy. This weekend I am again emailing to a broader group followed by certified mail.
Facts:
On Wed, July 15 this below was sent to the "principals" lawyers per Igor recommendation. On Monday, July 20 a request for extension was issued. Fortuitous coincidence don't you think fellas?
"In this regard I am requesting that you provide the shareholders with all requested information regarding the state of the company, its current and future viability, the registered agent, and the valid address. Also request you meet the requirements to re-register the company appropriately as required by the SEC and all applicable securities regulations."
I hear ya but there is another view that is worth looking at:
“On the plains of hesitation bleach the bones of countless millions who, at the dawn of decision, sat down to wait, and waiting died”
? George W. Cecil
Hence, dispassionate, direct, timely and polite due diligence on our part. One cannot show that one has been damaged if your concerns are undocumented. We are serious investors and I intend to show it.
Old saying...."If ya have to ask, you'll never know". I think I explained it several times very clearly and you should read it. Or if ya dont want to look it up....paraphrased its called "due diligence". Just because they didnt do it, doesnt mean we shouldnt do it. I hope that answers your question.
All points well taken. I do want to be measured and fair to them but the time is slowly nearing where they have to come out and treat us as shareholders. I am still trusting that they are both honorable and have a plan that they can explain. But yes, that is part of the next step (s).
How would we have received it? I know I received nothing. And to your other question I think that you are on the correct path. They have not acted to uphold their fiduciary responsibility. On Friday I am sending the next round of emails requesting data accompanied by certified mail. Is anyone interested?
Thanks for the help and support.
Hi Igor, no response but thats what I expect. I will trythe other suggestions you have. Actually the less response we get the stronger the case. If they insist on this route thats on them. This week I will make another set of attempts and document them to everyone here. Igor, you have been very helpful so thanx.
No...a systematic and measured response as facts come in. We have no real data other than we have not been treated well.
But I appreciate that many are beginning to prepare to address this. Are you a shareholder also?
Ahhh Lucky....I was being sarcastic...:o)
I take in all the data and everything is taken with a grain or two of salt and some good will. I listen to everyones input and await the proof. So far there has been nothing of proof other than we were delisted. But I do appreciate your work and input!
But why.....everything else from this company has been highly accurate......
Actually I think your rant is timely. I have a significant share block and like I said last week I will do the due diligence. And like I said there several routes as this unfolds. But finally someone is developing the resolve to hopefully more than watch. I sent the emails, and my next steps are to request additional responses. I hope to get some support doing this.
This may be one scenario but we seem to forget that a lot of behavior is not always protected under bankruptcy or renaming. I hold a fair number of shares and I intend to fight for every penny if the resolution of this is unsatisfactory. If it is satisfactory everyone is happy, the Johans are heroes and we all go our separate ways.
Understand and we all make our decisions. I for one will act in my interests and it is not to sell at the price I am forced to. I hope others feel the same way.
Well u know opinions. I think TMPS could have planned the delist. The Govt rules are clear and they would have known that a suspension was due if the did not comply. They would even have had the time frame.
As shareholders we need to be far more active and involved than we have been. This means a plan, electing a shareholder member to the board, and other corporate due diligence. If we lose in this it is largely our fault for being uncommitted to our rights as shareholders.
That is my opinion only.
OK but Isnt TMPS the only bidder that has multiple aircraft of the same type and doesnt it say they accelerated the bid by about 2 months. Who else has multipe aircraft of similat type?