I think we're going to see a lot happening in the near term. Here's my take based on the restructure:
Tempus Aircraft Sales and Service: Jack Gulbin (Scott's former partner, pilatus dealership)
TIH: Johan Eliasch
TMPS: Scott Terry
I believe the overall organization (public + private) is trying to recapitalize right now. TASS or Jack Gulbin wants to do his thing and TMPS or Scott Terry wants to do his, but as I've indicated in the past, I think Scott and Jack are tied at the hip as far as previous loans and need to refinance/recapitalize to reflect the current structure. I believe they are trying to wrap this up before the convertible note comes due. I also think that you could see a significant amount of assets transfer over to the balance sheet of TMPS. I never understood why they just didn't merge the private and public side, but now it's starting to make a little more sense.
I'm back to my original thesis that this could be a $5 stock just based on a successful recapitalization.
However, when you have lenders, attorneys, contracts, underwriting, and numerous owners trying to separate and/or come together, I can only imagine what a mess it might be and how it may be difficult to come to an agreement.