Tempus Applied Solutions Holdings Inc fka TMPS

[lloydm]

From the 10-Q here's the most important section.

While the recent reduction in headcount has effectively reduced fixed costs, management must be successful in achieving the tasks described above to enable the Company to continue in operations and grow.

The Company nevertheless has opportunities to develop its revenues, such as the L-1011s for air refueling services, which are expected to be acquired shortly, and to strengthen its financial resources, such as the equity financing agreement, as described above. Company management is therefore currently focused on carefully managing available cash to ensure sufficient liquidity, and obtaining new service contracts and renewing existing contracts using available resources to maintain cash flow and develop revenues. While the recent reduction in headcount has effectively reduced fixed costs, management must be successful in achieving the tasks described above to enable the Company to continue in operations and grow.