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You're correct, gov contracts do have a working capital requirement. With Johan Eliasch (billionaire) backing this company, I don't think it's an issue. There are a lot of paths TMPS can take. They can get a line in place based off their A/R, they can get an asset backed loan or lease using the planes as collateral, Johan Eliasch can personally guarantee traditional bank financing or he can continue to provide the funds himself, or they can use equity, which the current capital structure allows right now and won't cause dilution.
Not for long.
Now everyone sell again so I can get some more shares around $0.30!!! Under a buck is an insult for a company like this.
Yeah, I guess the DOD website is lying. Can't fix stupid. $121,425,707, moron.
https://dod.defense.gov/News/Contracts/Contract-View/Article/1818371/
Sincerely, thank you + a million whoever dumped their shares. Wow, what a gift. ADDED!!!! $5 here we come.
Absolute gift at these levels. $0.35 stock with a $10MM market cap that just won a $121,425,707 contract, has 7 highly valued aircraft on its books, and is being backed by a billionaire who is the CEO of Head, the global sporting goods group. Thank you panic sellers and flippers. To think I wasn't going to be able to buy more shares under $0.50. Can't fix stupid I guess.
For someone that keeps cerebrating that they're out, you sure are coming back to this board a lot looking for reassurance. Is it because you're not confident in your decision? Are you nervous it's going to $2 and you're afraid that you'll end up kicking yourself? Are you hoping the stock drops so you can get back in? Give me a break, you have an agenda. I could care less that you sold, see ya later. Just don't come back in year, because by that time the stock will be sitting at $5. Enjoy your winnings.
This doesn't happen very often, but the "pumpers" have been 100% right ever since Johan Eliasch stepped in. Not one doom and gloom scenario has come true. Not one. The End.
Well, I'll answer it like this. Every scare tactic or doom and gloom scenario that has been posted on this board has turned out to be FALSE. LITERALLY every post. TMPS going after this contract and entering the air-to-air refueling space was not only a turnaround story, but it was a different strategy all together. AND THEY SUCCEEDED. Everything with regard to the business, including the filings and the financials will really start to accelerate due to the fact that TMPS now has a path forward. They can now model or put together projections based on the contract award. This is an exciting time and this is what we've all been waiting for. The decision by TMPS to NOT try and prop up the share price during the turnaround period while they worked out the kinks may turn out to be the correct strategy. The train has left the station. I'll be grabbing every share I can if the share price drops. Seriously, everyone needs to wake up and look at the writing on the wall. TMPS has done nothing but move forward. NOW WE ARE FINALLY HERE. TMPS under a buck is one of the best trading opportunities I've ever seen. I'm actually shocked that the share price isn't higher right now after winning a $121,425,707 contract that's going to throw off a ton of cash. I also wouldn't doubt if we hear of additional contracts in the coming months. I'm confident that TMPS will be a $5 to $10 stock has this story plays out.
It's probably due to the 10 day protest window.
Anybody who knows me on this board knows that I do my research.
Here's what I know after a little bit of digging:
-Convertible note will be extended or refinanced
-TMPS capital structure will remain intact
-Working with auditors now to get the financial reporting back on
track
Anyone who thinks that Johan Eliasch would put TMPS in default right now is literally out of their mind. The Navy requires that TMPS maintains certain financial metrics (much like a bank's restrictive or financial covenants) throughout the award. Johan extended the note once before and I'm 100% sure he will do it again. This is a massive contract they just won and it's going to throw off a lot of cash. I GUARANTEE you they're not going to do anything drastic right now, any investor worth a damn should know this.
Seriously? Laughable, absolutely laughable. Yeah, he can just do a complete 180 after they just received a $121,425,707 contract award. If you think any businessman worth a damn would do that, you need to have your head examined. Done here.
Exactly, it's a ridiculous notion.
I'm not here to recover my initial stake, I'm here to make a ton of money, just like Johan Eliasch is. You just proved my point. Recover my initial stake? What a waste of time that would have been, just like it would have been a waste of time for Johan to just call it quits now and do a complete 180. My guess is you took on a short position and you're playing the RSI. Good luck with that.
Again, it's a wholly owned sub, I don't think you quite understand that. TMPS (capital structure) controls every aspect of it, and I'm sure it takes multiple signatures from TMPS for TriStar Air, LLC to do anything.
It's a wholly owned sub, come on now.
Oh sorry, I got you and KelliBlue mixed up.
I think there's a 0 percent chance of that happening. Quite frankly, that scenario makes zero sense. You jeopardize a $121,425,707 contract if you unravel the corporate structure at this point. That's just ridiculous.
That essentially would be a default if TMPS can't pay the balloon. There's still a process you would have to go through to unravel the scenario you're talking about. Although I don't have a crystal ball, I would say there's a one percent chance of that happening.
And you don't think that's going to change now? Each his own I guess. I was more than happy to snatch up your shares this morning.
Sorry, but that's not going to happen, especially with Johan Claasen in the mix and the use of TMPS equity to acquire valuable assets. Also, it doesn't work like that. Johan Eliasch isn't going to default on his own company right now when they just received an award that would choke a whale, are you kidding me? The headache and legality behind that scenario makes zero sense. For all intents and purposes, Johan Eliasch owns all the assets right now, he doesn't need to default unless he wants to sell off the assets and strip the company, which why would you do that when you just received a $121,425,707 contract? Johan Eliasch doesn't spend 2 years on something just to end it like that, he's here to grow the company.
1) TMPS assets alone are worth more than the market cap right now
2) Johan Eliasch is clearly committed
3) $121MM and change Navy contract plus current contracts
4) Valuation does not match the fundamentals
5) The "rumors" were true, just like we've been saying all along
6) The turnaround is now bearing fruit (we're at day 2!!!)
7) Word hasn't even begun to spread on TMPS
8) TMPS should start to raise eyebrows of institutional investors
Under $1.00 is an absolute steal for this company. If you're Johan Eliasch, Johan Claasen, and Johan Aksel Bergendorff, and you just received a contract worth $121,425,707, what would you be doing right now? I guarantee you wouldn't be sitting on your hands. The news cycle that is about to start could take this up to $2.00 in my opinion.
Most importantly, if you're an investor, you're looking at the next 5 years. What does TMPS look like it 5 years? You're not buying a stock for today (unless you're day trading), you're paying for what it will be and the multiple it will grow into. This stock is so cheap it's ridiculous.
Finally, I have $121,425,707 reasons this stock should be higher. I'll be looking to buy more if it retreats.
TMPS news cycle has just begun. Navy news release, sec filing, new debt package that also extends/refinances the note, etc., are all coming down the pike. Each news release will send this stock much higher. This is only day 2 of the TMPS journey.
Good things come to those who wait. For me, this stock is truly an investment, not a wait around for a quick spike. This stock is so undervalued it's mind boggling. Getting pushed down into the single cents was truly a gift for the investors that did their research. TMPS has made tremendous strides from where it was at when Jack Gulbin and Scott Terry were partners, to when Johan Eliasch stepped in, and now to a contract announcement that solidifies there drastic move to get into the air-to-air refueling space. They went for a grand slam, which was risky, but they definitely connected, and they connected in a big way. TMPS is going to play out for years to come, we are literally at the beginning of this journey. Those who accumulate now, I believe will be handsomely awarded in the next couple years. Johan Eliasch and management will make this a $5 to $10 even $15 stock again. $0.60 even a $1.00 does not do this stock justice. I would never say this otherwise, but this may be a penny stock you actually add to your 401K for the long term.
This stock is insanely cheap under a buck. Still plenty of room to run! Johan Eliasch is at the helm, TMPS holds valuable assets that are desperately needed around the globe, and a big contract award to boot. Also, people don’t realize that they have current and ongoing contracts that are producing revenue as I write this. Buckle up, TMPS has barely made its ascent.
8K filed 4/30/18 clearly states that Tristar Air, LLC is a wholly owned subsidiary.
Rob, you live in the opposite world.
Rob = Never Been Right.
I’d be shocked if this didn’t hit a buck next week, if not higher.
Well said.
3 major takeaways here:
1) Scott Terry did exactly what he said he was going to do. He clearly, and I mean clearly knows what he’s doing.
2) Johan Eliasch (billionaire businessman) is 100% behind this company. We knew this. We knew this the first time he extended the note.
3) TMPS has the assets and the knowledge to secure a contract worth $121 million and change.
What’s even more unbelievable, is you could buy shares of TMPS for $0.15 a share on Thursday. Well, I think those days are long gone.
Read the 8K filed 4/30/18. Clearly a wholly owned subsidiary. Go TMPS!
the Company has agreed to grant the Note Holder a security interest in the six L-1011 aircraft recently acquired by the Company (the “L-1011s”), and in the Company’s membership interest in Tristar Air, LLC, the Company’s wholly owned subsidiary which is the direct owner of the L-1011s;
What an absolute diamond in the rough this stock is. This is HUGE news. A $0.15 stock, backed by billionaire Johan Eliasch, has assets that are desperately needed by the military, and was just awarded a $121,425,707 A2A refueling contract TODAY. It's almost to good to be true, let's call it what it is. I think another big takeaway is this clearly shows that Johan Eliasch is behind the company. Scott wouldn't have been able to do it without Johan (and his capital), and Johan wouldn't be in this position without Scott. I'm almost certain that the note will either be extended or refinanced into a longer term debt package. This is just the beginning. Also, TMPS has a pretty clean balance sheet and an attractive capital structure, which means money to the bottom line. This is why I've been here for 2 years, the writing was on the wall! I congratulate all my fellow message board friends. However, this is just the beginning. Stock could hit $5 pretty quick in my opinion as this story plays out. TMPS isn't just a seed anymore, it's now started its growth cycle and will one day bloom into something great!
Idiots at work. Have you ever heard of a company having to renew their credit agreement? Happens everyday in this country, same concept here. Do you even realize how dumb you look right now? Almost time to punch out, fraudster. TMPS WON THE AWARD!!! FACT!!!
There's no nice way to say this, but you are an absolute MORON.
It's time for you to GO AWAY. WRONG once again. You have no business being here. You're a fraud and a manipulator.
Trust me, my friend, TriStar Air, LLC is clearly stated in the filings of TMPS. This was an entity created to acquire the L-1011s and is owned/part of TMPS. Everything just turned out to be 100% TRUE. The End to the naysayers.
TriStar Air, LLC is owned/part of Tempus Applied Solutions everyone. TMPS onward and upward!!!!
AWARDED!!!