All I see is progress. Johan Eliasch, Johan Aksel Bergendorff (CFO), and Scott Terry are obviously working hard to turn this company around. If you don't see that by now, you shouldn't be in this stock. If TASS (private side/Jack Gulbin) and TMPS (public side/Scott Terry/Johan Eliasch) can come to an agreement on the assets/restructuring, you're going to see major upward movement. For me, the lawsuit didn't keep me up at night, I'm more interested in the convertible note that's due in April. I don't think Johan Eliasch will convert the note, but I'll be curious to see if they refinance it or extend it. Obviously I'd like to see a refinance so we can take the dilution issue off the table and the inevitable reverse stock splits that follow.
The next 30 to 45 days should be very interesting. I don't think we'll hear a whole lot over the next couple weeks because they're going through their audit right now, but I think time is definitely on our side as far as upward movement in the stock. Of course things can go wrong, but clearly Johan, the other Johan, and Scott Terry are on the same page and have the same goal, which is to SUCCEED!
My last thought is in relation to the CFO. Forget Johan Eliasch, the fact that Johan Bergendorff has stuck around this long speaks volumes to me. A man with his skill set I'm sure has more lucrative/higher level opportunities he could pursue, but he is spending his time and energy on a penny stock like TMPS. Is it because he can see the big picture or the light at the end of the tunnel? I would say so.
Johan Bergendorff:
Investments, including turn-around, startups and mature companies, executive management, corporate strategy, corporate development, mergers & acquisitions (M&A), corporate finance, private equity, management advisory (PE buyout), financial modelling, valuation, project management
