Tempus Applied Solutions Holdings Inc fka TMPS

[mariosmack]

Well there’s more. Tempus has doubts as to whether they will get any new contracts. From the 10-Q:

The Company’s ability to continue as a going concern is dependent on its ability to generate profitable operations in the future and/or obtain the necessary financing to meets its obligations and repay its liabilities arising from the normal business operations when they come due. The Company continues to explore possibilities for raising both working capital and longer-term capital from outside sources in various possible transactions. These plans, if successful, will mitigate the factors which raise substantial doubt about the Company’s ability to continue as a going concern. Nevertheless, whether, and when, the Company can attain positive operating cash flows for operations is highly dependent on the commencement of new contracts and the timing of their commencement. There can be no assurance that the Company’s cash flows or costs of operations will develop as currently expected.

Why is the 100 million from 2016 not enough, assuming that Tempus gets all $100 mil? Is it because Tempus gets only a small portion? Is it because those contracts are worth trash? I guess that’s why those contracts are not listed as assets. Tempus has not listed a single contract in their list of assets.