I know a lot of people have been messaging me about the latest 10Q. I will respond once I'm able to complete a more thorough analysis. However, at first glance, I love what I'm seeing. I don't know why anyone would unload their position after reading excerpts like this:
"The majority of Tempus Intermediate Holdings, LLC (“TIH”) is owned by Firefly Financials, Ltd, which is under common control with the Company. The Manager of TIH is our CFO, Johan Aksel Bergendorff. TIH owns certain aircraft used by Tempus to provide services to certain customers."
"Tempus continues to incur operating expenses in support of business development efforts in addition to various organizational and transactional costs in support of potential merger and acquisition activity. In addition, new customers and contracts will require investment in working capital and aircraft assets."
"As of August 14, 2017, the Company entered a definitive purchase agreement for the acquisition of six Lockheed L-1011, subject only to satisfactory completion of inspection of the aircraft. As payment for the aircraft, the Company expects to issue approximately 6.7 million shares to the seller during the third quarter of 2017."
If you think I was excited about this stock before, I'm absolutely giddy over it now. I also think the financials are pretty damn good for a company that's trading below $0.30 and has going concern language. I mean, this is a penny stock, we all know what's involved here. I still see this stock going significantly higher over the next 12 to 18 months. I'll be buying as the less informed investors sell their shares.
