First and foremost, I like this stock and I own shares. I was in this stock before it was hot and I was lucky enough to pick up a substantial amount of shares before it exploded to the upside. Not to go into too much detail, but this is the type of company I look for when investing in these higher risk situations. I've done my research, and trust me, they have secured gov contracts, it's pretty much common knowledge in the DOD world. With that said, they did default on the subcontract underneath the Patriot Group I believe. I'm still looking into this, but they did have a performance issue because they were unable to secure financing for the plane. There was actually a dispute between TMPS and the Phoenix Air Group because the Phoenix Air Group said that TMPS should not have been allowed to bid on the contract without having the aircraft secured first. And you're right, a $25MM contract is going to have costs/overhead associated with it, so their profit margin can be minimal and it has been minimal based on their financial statements. I'm not out to pump, I'm realistic and aware of the headwinds that they still face. However, now that Johan Eliasch is in the mix, I believe this is going to change substantially. A more attractive capital structure and access to cheaper debt should improve their margins significantly. Not only that, TMPS will be able to go after more contracts than ever before. When you take into consideration that Scott Terry's non-compete is up with the added benefit of a more attractive capital structure allowing for better margins and the ability to go after more contracts, I'm excited to say the least.
