Even TMPS' S-1 states based upon the proposed 50,000,000 shares at $0.19 pps amounts to $9.5M versus $0.24 pps that would amount to $12M.
TMPS can't tap anything until they are profitable. The pps is under $0.20 for a reason.
So, let's say it's $0.20 and the volume is 50,000 shares when the company Puts shares to GHS Investments. Then, TMPS can get 3 x $10,000 or $30,000. When is the last time TMPS traded at those levels over a 10 day period?
And, GHS Investments can get $30,000 / $0.18 or 166,667 shares for that amount. But if the VWAP is say $0.15 being lower than $0.20 results in this calculation: $30,000 / $0.135 or 222,222 shares. Recall, GHS pays 90% when TMPS is trading under $1.
If these numbers or terms don't make sense then what is your understanding of this deal? And, don't say "trust me, it's just good deal because I trust the "Billionaire" to make lots of money on TMPS. Otherwise, why would he be invested here?"
Spoiler Alert: The "Billionaire" makes money with TMPS whether we do or not.
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