During the second quarter, the Company's share price rose from $0.10 per share in March 2017 to $0.49 by 30 June 2017, with significantly higher trading volumes, and is currently trading at just under $0.30 per share. As a consequence of the increased share price, the Company's warrant liability increased in Q2 2017, resulting in a non cash expense of approximately $700,000, which led to a net loss for the quarter of $(0.05) per share compared to $(0.07) per share for Q2 2016.
I understand the desire to put on a happy face for TMPS. However, the reality is some measures apart from what is being touted day in and day out.
When a company is profitable, it reduces debt, backlog, warrants liabilities. It doesn't make deals with Toxic / Predatory Lenders. It buys back shares. It reinvests profits into the company to make more profits. It distributes a dividend to its shareholders. And, it doesn't hide deals or make the deals then tell the shareholders they're on the hook for millions more debt for refueling planes; all after the fact.
It's called a confidence game. Why? Because you give me your confidence? No. Because I give you mine. -House of Games (1987)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.