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lloydm

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lloydm

Re: Malone post# 18429

Monday, 01/22/2018 6:21:52 PM

Monday, January 22, 2018 6:21:52 PM

Post# of 31087
Correct. TMPS did their part by performing the work contracted, but the customer ends up not paying.

TMPS did the right by informing the customer and shares holders they will be not working for free. That is why TMPS will be taking that customer to court.

The Company also informed the customer that it would seek damages for losses and expenses in light of the customer’s repudiatory breach of the contract. Depending on the outcome of negotiations with the customer, and possibly litigation, the receivables owed to the Company for services rendered, together with damages, would be applied against the operating deposit of $750,000 to be repaid to the customer following contract termination.

Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.

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