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Re: buckeyefan1971 post# 4796

Saturday, 07/01/2017 1:37:46 PM

Saturday, July 01, 2017 1:37:46 PM

Post# of 31087
Just sharing what I learned about TMPS after my 6/25 post. You're welcome.

In my prior post, I mentioned Johan Eliasch converting and driving the OS shares to 100+ mil. But, his objective is to obtain $6.2 mil in proceeds from his conversion at .08 so he can convert and buy the 77.5 mil shares, and so TMPS will then have the $5.5 mil + interest needed to repay him on the airplane loan which they defaulted on. (The note is due 4/28/18)
https://www.pacermonitor.com/view/2AQQ4QY/Firefly_Financial_Limited_v_Terry_et_al__vaedce-17-00008__0001.4.pdf

What makes more sense from Johan's Eliasch's perspective (remember he indirectly controls the company) is to raise the AS to 500 mil, then convert his note into 77.5 mil common shares. Afterwards, TMPS will have 150 mil OS and have room to dilute if necessary to pay the bills and payroll. You need to ask yourself, why are the institutions selling TMPS in the .30-.50 range. Last filing was on 6/30; Cowen converted warrants and sold. They more than anyone see the BIG PICTURE (which long are ignoring) and know to sell BEFORE the massive stock dilution by Johan Eliasch occurs.

After Johan Eliasch's dilutes existing common shareholder's, the net result will be 150 mil OS and a .002 stock price.This is not a business venture for Johan Eliasch like Longs propose. This was his proposal back in April in order to get repaid the $6.2 mil his company, Bluebell Leasing, is owed. It's nothing more than that. After he converts and sells his 77.5 mil shares, he's gone leaving behind a crippled company with a destroyed stock price. But at least he got repaid. That's why he's a BILLIONAIRE.

Good luck and enjoy your Fourth of July.

All imo

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