Tempus Applied Solutions Holdings Inc fka TMPS

[mariosmack]

Sorry, forgot to mention. Tempus doesn't expect contracts in the future. At least their tone suggests that they are not very optimistic. Read page 21 of the 10-Q:

The Company may experience difficulty in obtaining new contracts or maintaining existing contracts due to customer concerns about the Company’s solvability.

The Company’s continuing uncertainty regarding its ability to remain a going concern may create difficulties in obtaining new contracts and customers, or in maintaining existing contracts. Both potential new customers and existing customers may question the Company’s ability to provide proposed or contracted services. The Company is currently in discussion with one major customer seeking assurances as to the Company’s ability to provide the contracted services, but the outcome of such discussions cannot be guaranteed. In the event the customer chooses not to continue its contract with the Company, the loss of the contract would have material negative consequences on the Company’s business and financial situation.

The Company may have difficulty in retaining existing employees or recruiting new employees due to reductions in salary.

As part of the Company’s efforts to reduce its operating costs, it has informed certain senior employees that there will be reductions in salaries beginning in the near future. Certain employees may be offered equity incentives to offset the reductions in salary. As a result of such reductions, and despite the equity incentives, the Company may experience difficulties in retaining or recruiting qualified personnel. In the event the Company is not able to fill key positions with qualified personnel, the Company‘s business and prospects may suffer a material negative impact.

The decreased sales force resulting from the general reduction in the Company’s headcount may make it more difficult to obtain new contracts.

The general reduction in the Company’s headcount has also decreased the size of its sales force. As a result, it may be more difficult for the Company to identify and exploit business opportunities and obtain new customers and contracts. The Company’s results of operations and prospectus for growth may thus be negatively impacted.

And this isn't just "standard language". This is specific to Tempus. This actually happened. Eliasch did with Tempus what he did with every other company that he allegedly grew. He fired workers just to reduce spending and give the illusion that the company is doing better than it really is.