Tempus Applied Solutions Holdings Inc fka TMPS

[BillJay]

A merger was already in the works from what I'm seeing.

Per the statement below, it looks like Tempus Intermediate Holdings (the stronger private company) was already in the process of transferring assets to the public entity. Scott Terry (CEO TMPS) already pledged the assets of the private company to secure the loans. However, Johan Eliasch (Firefly) wouldn't allow him to transfer the assets. Now that Johan has a controlling interest, I wounder if he'll allow it now? I'm assuming now that Johan owns a ton of shares he might reconsider. If it happens, the public entity is going to absolutely skyrocket.

"The lawsuit is based on Firefly’s claim to a membership interest in a Tempus holding company, Tempus Intermediate Holdings. Terry, through a trust, pledged that interest to Firefly in order to secure the loans. Firefly said the security agreement specifies that Tempus’ holding company would not sell or transfer its assets as long as it still owes on the loans."

http://bangordailynews.com/2017/02/27/news/midcoast/lenders-lawsuit-rent-owed-at-maine-site-add-to-tempus-jets-struggles/