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Games still being played with the bid and ask. Ridiculous.
Wouldn't TMPS issue more shares/new equity (new equity increases the total shares outstanding) if Johan converted? Come on now, it's called dilution. NOT going to happen.
Not true at all, I know that for a fact. There are no UCC filings against Tristar Air LLC, which means that entity has zero debt and no liens. The UCC filings (Johan related companies), which shows where the debt lies, are all at the TMPS level. The note could definitely be converted, are you serious? Go back to watching the birdies.
Maybe, maybe not, but Miss Blue is clearly up to something. She might just want some cheaper shares.
"Miss Blue" is clearly playing games in my opinion. Opinion is one thing, ulterior motives is another. Up/down is one thing, holding the bid/ask hostage is another. There's been a coordinated effort to manipulate TMPS stock, and it's been going on for a long time. I call it like I see it.
The security agreement being executed (I’m assuming you mean exercised) would not require an 8K? Are you kidding me? A 13D would have to be filed if the note was converted, wouldn’t it? I thought you sold your shares and you were off watching the birdies? TMPS is just like an ex that you can’t let go I guess. Since nothing has been filed, I’m assuming they’re working on a new debt package.
An 8K not being filed with regard to the convertible note is actually a good sign in my opinion. I think they would have addressed this earlier, but they first wanted to wait for the contract to play out. They basically couldn't make a move until a path was formed or they knew what direction to go. They were stuck between a rock and a hard place. I'd bet anything that they're putting together some sort of new loan facility right now.
As far as the financial filings, keeping current isn't just about filing, it's about paying auditors and attorneys a lot of money, and TMPS was too cash strapped to do that. I think Johan made the decision to let TMPS fall into the pinks because of working capital constraints while they waited on the contract award. Now that they have visibility, and once we get past the protest, I truly believe we're going to see this company grow up. Also, Johan is a minority shareholder, trust me when I say he wants to see his shares appreciate. If he took back the planes, he has to spend at a minimum $5MM dollars to get the aircraft up to snuff, it wouldn't make no sense for him to do that, not without a strategy behind it, and TMPS gives him that strategy. He might make a profit selling the planes AS-IS, but not near enough to waste your time on for over 2 years. Johan Eliasch is here to make a lot of money, and the way you do that is by making TMPS successful.
Patience will pay off here my friends.
I would definitely consider TMPS a small business. Typically, you must have between or below $750,000 and $35.5 million in sales and between or below 100 and 1,500 employees to be considered a small business. Since TMPS hasn't filed in a while and Omega can't look up the financials, maybe this is an act of desperation by Omega to see if anything has changed from a financial standpoint. Maybe letting TMPS fall into the pinks was part of an overall strategy, who knows.
Six L-1011 aircraft
Gulfstream Corporation G-IV Aircraft
Johan Eliasch (Swedish billionaire businessman)
$121,425,707 air-to-air refueling awarded contract
I get that there are still a few things to work through, but I can't believe this isn't higher than $0.27 just based on the 4 points above.
I don’t think this message board is influencing anything with regard to TMPS, Omega, or the DOD. If anything, it’s been an annoyance and a distraction for the parties involved as they sift through voicemails and emails from retail penny traders with limited knowledge. Also, I doubt the SEC cares about a pink sheet stock. Welcome to the pinks.
I picked some more up at the .23 to .25 range as well. Great opportunity.
People want in. Everybody wants shares under $0.20, but if you wait, you might miss the boat. This is a circumstance where it's actually riskier to sit on the sidelines and wait for too good to be true prices. TMPS fundamentals are looking better by the day.
I don't think it was an error. I pretty much expected that Omega would protest. If you're playing for the super bowl, are you going to throw the red flag and protest the first down call, even though you know the odds are against you? I think anyone would. You can't blame Omega for trying. Let's just hope TMPS has everything buttoned up on their end, which I believe they do. The DOD took forever to award this contract, and TMPS submitted thousands of pages of documents (engineering, financial, etc.) in response. This was a very thorough endeavor from all sides. As I've said, billions of dollars of equipment are at risk and so are lives. The DOD wouldn't have awarded TMPS the contract if they didn't do a very, very thorough investigation. If military aircraft don't get their fuel, each plane is worth around a hundred million dollars, you don't put that type of equipment at risk nor lives if TMPS didn't have their s**t together. My dad drove fuel trucks in Vietnam, and the military didn't mess around when it came to his truck. Without fuel, you're dead in the water.
As I understand it, Omega could have protested directly to the GAO or to the contracting officer. They may have not gone directly to the GAO.
"If you decide to bypass the contracting officer and buying agency and file your protest directly with the GAO, keep in mind that this is the end of the line for your protest. The GAO's decision is final, and you cannot appeal it anywhere."
TMPS doesn't have the luxury to wait. I'm hoping their still full steam ahead. Very confident the note will be extended or restructured.
You probably made a very wise decision. I never thought it would get this low again, Christmas came early this year.
Keep coming down TMPS, you're looking awfully attractive right now. I want more!
EXACTLY!!!
A protest is very common, I was expecting this. Normal course of business. You think Omega would be smart and just wait for TMPS to subcontract instead of dragging this out further.
This isn't rocket science.
Would the United States government award a $121,425,707 air-to-air refueling contract to TMPS and its wholly owned sub if they thought Johan Eliasch would turn everything upside down? Wake up!!!
This isn't a contract to make undergarments. There are billions of dollars at stake when you factor in the equipment and fuel that's involved. If a F-18 Super Hornet doesn't get the fuel it needs, you're looking at about $100 million dollars crashing into the sea. Lives are at stake as well. This contract shouldn't be taken lightly.
It doesn't take a genius to figure out that TMPS is in it for the long run, and the amount of work that went into this endeavor is astronomical. Johan Eliasch is here to build value, everything that the company has done thus far CLEARLY shows that. This is just the beginning of what's in store.
"popping in to see" = not confident in my decision to sell. Your popping in gives me confidence, not that I need it at this point.
A $121,425,707 air-to-air refueling awarded contract is just about as good as it gets. This isn't a contract to make undergarments. There are billions of dollars at stake when you factor in the equipment and fuel that's involved. If a F-18 Super Hornet doesn't get the fuel it needs, you're looking at about $100 million dollars crashing into the sea.
It doesn't take a genius to figure out that TMPS is in it for the long run, and the amount of work that has gone into this endeavor is astronomical. I'd get out of the way because TMPS is just starting to heat up, this is just the beginning.
Manipulators and the doom and gloomers are out in full force (because they know their days are numbered or perhaps they're just paid actors). Don't listen to the nonsense, they're getting desperate. As if TMPS would file BK when they have a billionaire backing them, a $121 million plus pipeline, and assets that are quite valuable and much needed by the air-to-air refueling community. Pretty much a kindergarten attempt to discredit TMPS. Also, I don't want to mention names, so I'll just say that it rhymes with Bob and he's never been right, but this person reported me to investorshub. THEY ARE TRYING EVERYTHING, but they will fail just like they've failed for the last 2 years.
robtewms has literally never been right and is an obvious manipulator that has minimal capital and plays penny spreads to make rent. Actually, he's not even good at it. He's a bank robber that isn't clever enough to put on a disguise. You'll notice that these fools will try and bury informative posts, and have no real knowledge of anything and provide zero value. Pathetic existence. I like to call him Never Been Right Rob.
Also, when TMPS gets current on their financial filings, which I'm 100% certain they will for a whole myriad of reasons, this stock is going to go bananas. Private money institutions will be able to run their models. Once institutions step in, they'll wipe these manipulators away. $2 to $3 is coming sooner than you think. In the meantime, I'm taking advantage of the nonsense the manipulators throw out.
Retirement level returns, I like that, well put.
With regard to the convertible note, no news may be good news right now. I know a lot of you don't want to hear that, but since the DOD waited until the last minute to award the contract, the playing field has changed in a BIG way. TMPS may be looking (quite certain they are) to secure a senior secured financing facility based on their assets and the future receivables that the contract will generate. These things take time to work through. In the meantime, we may see an 8K filed that extends the convertible note for 3 to 6 months. However, Johan could extend it for 5 years based on the award. Point being, TMPS has a lot to think about now that the contract has been awarded. The good news is that banks, investors, hedge funds and the like will want to get in on the action. Fireworks ahead, trust me. I'm still shocked you can pick this up for $0.30, absolutely dumbfounded.
Absolute gift at these levels. Take advantage of the games the manipulators play. Buying shares at these levels is a no brainer. Thank you, morons.
Convertible note extended/refinanced - confident this will happen if it's not done already
Get current with financials - confident this will happen now that they have visibility. I'm sure they have unaudited YTD numbers, so it shouldn't take long to put an audit together. Also, if they want to obtain financing, most institutions/investors will require an audit
Potential hiring of a seasoned management team (CEO, COO)
Put in place a new term loan facility or credit line
Ferrying of the aircraft to their new facility
There are other things that will play out, but above are announcements that could "move" the stock. Quite frankly, this stock should be at a buck just based on the awarded contract. However, as the pieces come together, I think this reaches $2 to $3 very quickly.
Did you not get enough attention as a kid? Who cares.
TMPS could easily issue more shares and not have it be dilutive, the share structure allows it. However, with regard to the convertible note, I highly doubt Johan Eliasch would devalue TMPS right now and blow an enormous hole through the current share structure, it makes absolutely no sense. I'm not worried at all.
Yes, I'm with you, of course the note will be restructured or refinanced. The orginal note was for $6.2MM for a GULFSTREAM AEROSPACE G-IV tail number N198GS. This plane is currently under contract with NASA I believe (atmospheric testing). That contract is ongoing throughout most of 2019 I believe as well. A lot of people don't realize that TMPS has contracts right now that are bringing in revenue. TMPS is definitely going to grow in a major way with the addition of the L-1011s.
Agreed. People looked at this as a trading opportunity and not an investment, which is a BIG mistake in my opinion. The fundamentals have shaped up nicely, and with so many positives and the doom and gloom rumors being laid to rest, I'm taken back that this didn't hit a buck. Really surprising to me. I've been doing this for a long time (rarely invest in penny stocks by the way), and I've never come across an opportunity quite like this one. The assets that TMPS acquired (L-1011s) are much needed by governments around the world, and I'm stunned that TMPS has a market cap of just $7.96 million. The math alone doesn't add up. Once institutional investors get wind of TMPS (and they will), the stock is going into the stratosphere. The news cycle is going to get really frequent from here on out, lots of pops coming.
Is this all you got manipulators? Come on now, I want another block of shares at $0.25. I'll invest along side Johan Eliasch and the DOD/Navy any day of the week!!!!!!
Great, great post. The doom and gloom scenarios have not happened. TMPS has done nothing but move forward with their plan. Future looks brighter every day.
Feel free to email me at (hopefully you saw the email address) if you have any questions. I'll give you an honest answer to any questions that you have.
Rob, you've been wrong for 2 years. You literally haven't been right once. If everyone just did the opposite of what you said, they'd all be extremely rich. You're an embarrassment that hides behind a message board. Hey everyone, if you want to make a lot of money, just do the opposite of what Rob the clown says.
Agreed. The 8K indicating that the note has been refinanced is days away. I'll be waving to everyone that wishes they would have stayed in.
Without a doubt. I'm buying heavily.