Unfortunately, mario is half right. Tempus did in fact recently default on a very sizeable subcontract under the prime contractor the Patriot Group because of financing issues with their airplane. However, I believe these issues are behind them now that Johan Eliasch is in the picture. I also believe that a new capital structure will improve their margins substantially going forward, which is why I'm still a believer in this stock. We're still in the first quarter of this turnaround. I will say that Scott Terry is very well respected throughout the intelligence community, and I can also say with 100% certainty that they have secured other government contracts. Where do you think their revenue is coming from? Also, there may be times they have to set up a SPE or Special Purpose Entity to secure these contracts, which may be listed under the prime contractor as a subcontractor. Terms you want to focus on are task orders, IDIQ Subcontract #s, and prime contract #s. Honestly, if you do your research and dig deep you can find this out, but this information isn't going to jump out at you through a Google search. I can post more evidence/facts that supports this when I have more time. Honestly, do you really think the auditors of a publicly traded company that report to the SEC are part of your conspiracy theory? That the revenue numbers are coming from made up companies and contracts? I will say that TMPS has faced a lot of issues, mainly due to leverage, high yield debt, and the non-compete issue (now lifted), which is why this is still a penny stock.
AI
