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Acquiring a family owned business that's been around for over 100 years, generating around $17m, is profitable, with Severance Trucking Co., Inc., Severance Warehousing, Inc. and McGrath Trailer Leasing, Inc. headquartered in Dracut, Massachusetts, with an additional warehouse location in North Haven, Connecticut, and someone has something negative to say about it?
LMAO
Let's wait and see the updated fins.
Don't you worry about the pps right now.
TLSS is on a launch pad.....
LOL...they hadn't made the 2 acquisitions yet. Add these up if you can:
JFK Cartage...With annual revenues of $3.6 million in 2021 and approximately $2.0 million for the first six months of 2022, JFK Cartage operates from a 30,000 square foot warehouse.
Freight Connections is a growing, profitable New Jersey-based business. With annual revenues of $8.0 million in 2021 and approximately $4.7 million for the first six months of 2022, Freight Connections currently operates with 30 power units and 50 trailers, including dry vans, pups, flatbeds, step decks, and double drop trailers out of three buildings in the area with 200,000 square feet of warehouse and cross dock space,
It better be in a college town, unlike Chicago :(
Cleanup hitter is on deck. Come'on batter-batter!
Freight Connections acquisition brings in a little over $9m/year itself.
DD:
research and analysis of a company or organization done in preparation for a business transaction (such as a corporate merger or purchase of securities)
Go time to build mojo....Revs + partnership + expansion. IMO
Someone that understands what's coming.
Not sure what you're trying to say about Sebastian. He's full of shit?
BTW, I owned my own Produce route in NYC @ 20 years old....been there, done that.
The real question is....when TLSS is generating $100m what will this board think then?
Sebastian doesn't talk out of his arse like your typical penny stock CEOs do.
I suggest everyone go back and watch the zoom presentation and listen carefully what Gio says at the 11th minute.
Just sayin!
Tempe will be half of that #. We need more Tempe's. IMO
Just in time for Taco Tuesday :)
February is shaping UP.
Looking a bit healthier today.
SalSon alone would have been $100m by itself BUT Anthony Beritto was a tough guido to deal with.
WTF are you talking about? That's 1 or 2 acquisitions away.
Keep your seatbelt on. Just sayin!
Tell that to management. When they hit that goal I guess there will be 1 more believer here.
TLSS wants to focus on the east coast (up & down the coast) for now.
It pays to do DD :)
LOL... that's funny "$hit".
Looking forward to the company's goal of $100m :)
"Our active pipeline of acquisition targets remains very strong, as we continue to assess numerous opportunities and are actively pursuing those which we deem to be appropriate, viable targets. We fully expect that this will result in achieving our goal of profitability in the short-term, while keeping our longer-range aspirational goal of $100 million in annual revenue within reach."
Who's buying TLSS?
NO change in share structure back to back months.....BOOYA!
NO DILUTION AGAIN......
https://www.otcmarkets.com/stock/TLSS/security
Can't wait to hear about #4 ( cleanup hitter).
NO dilution included in the Severance Trucking acquisition.
The total purchase price was $2,250,000, plus closing expenses of $10,747. TLSS-STI: (i) paid $365,613 in cash at closing; (ii) assumed and paid off $152,748 in vehicle debt; and (iii) entered into a $1,572,939 secured promissory note with the Seller, with interest accruing at the rate of 12% per annum. The entire unpaid principal under the note, shall be due and payable in three (3) equal payments on August 1, 2023, February 1, 2024, and August 1, 2024, respectively, together with all accrued and unpaid interest thereunder, unless paid sooner. The promissory note is secured solely by the assets of Severance, and a corporate guaranty from TLSS.
$ TLSS Closes on the Acquisition of Severance Trucking
Feb. 06, 2023 9:00 AM ETTransportation and Logistics Systems, Inc. (TLSS)
Deal Will Expand Coverage Area Throughout New England and Increase Revenues to Approximately $30 Million
Can't wait to see what Jim really ha$.
Most importantly, Gio stated in the presentation that there are NO more outstanding toxic notes...finito.
Several ways to structure purchase contracts. Loans, seller financing. Geez!
Go read how they purchased JFK Cartage and Freight Connections....NO dilution.
OMG!
Our active pipeline of acquisition targets remains very strong, as we continue to assess numerous opportunities and are actively pursuing those which we deem to be appropriate, viable targets. We fully expect that this will result in achieving our goal of profitability in the short-term, while keeping our longer-range aspirational goal of $100 million in annual revenue within reach.
Go read his Chairman's letters in the past. Go listen to what Gio said in his 2 presentations. They're working on MULTIPLE deals at the same time.
Multi million dollar acquisitions take time/DD.
Do you realize the reasoning when/why I post "Coach USA 2.0"? Do some DD on what John Mercadante did with Coach.
TLSS will keep making acquisitions, generating hundreds of millions in revenues, be profitable, trade on NASDAQ or NYSE and then sell.... exactly what John did with Coach.
TLSS = Coach USA 2.0
I bet it's Tuesday. We know from the past that he enjoys Taco Tuesdays :)