Obviously we're going to get a lot more detail once the Q2 numbers are released. However, I've done my homework, and the overall Tempus organization (private + public) does around $100MM in top line revenue. Per title searches, the banks that lend to them would not be doing so unless the entire Tempus umbrella was on the hook, had good debt service, and a bankable balance sheet. If the entire organization were to combine and trade under TMPS, you're looking at an astronomical return. This is why I believe Johan Eliasch is in the mix.
Here's what I have to ask myself:
Is John Gulbin coming along for the ride or will they continue to operate as public and private entities? They say he resigned from the TMPS board, but he's the only one whose Letter of Resignation is not listed in the filings. TASS is under TIH, and TASS seems to be quite strong. John Gulbin is the President/CEO of TASS or what I believe is tempusaircraft.com. Did they piece TASS out? Does the business combination include everything but TASS?
This sentence was recently added to the about section of tempusaircraft.com:
The Tempus family includes:
– Tempus Applied Solutions – A publicly traded company that specializes in technical solutions for government entities.
– Tempus Jets – A privately owned company that provides aviation solutions to private and commercial customers.
The good news is that it's a win-win for investors. Either way I think you're going to see a much stronger balance sheet when the Q2 financials are released. This stock should be trading well over a $1 in my opinion.
As I've stated in the past, if the entire Tempus organization were to trade under TMPS, you're looking at a $10 to $15 stock, no question. If I'm Johan Eliasch, this is the scenario I want.
Buckle up!
