What you think is not how it reads in the court documents. Don't you think the Plaintiff would have included TMPS in the court documents if they had a leg to stand on? This would have been found in the discovery process. The fact is that TMPS was not named, plain and simple, discussion over.
My further response is that TMPS has a lack of working capital, there's no doubt about it. This is the reason they're struggling to stay current, I won't sugarcoat that, it's why TMPS is a penny stock. Hello? Duh.
Johan/managment is conserving cash. Although Johan is a billionaire, this is what he does, he manages companies and cash flow, and quite frankly, it's not about handouts. There are no institutional investors, so using precious working capital to pay auditors and stay current is not a top priority. What is a top priority is winning a contract and getting the planes up to snuff. My personal belief is that Johan wants to see something develop first. Johan already has $6.2MM of exposure with TMPS (that ain't peanuts), and I would assume he wants to make sure that TMPS continues to make payments on the convertible note. TMPS needs a contract is what it boils down to. Once we get visibility or a pipeline, I think you could see Johan inject more capital if he hasn't already. That's why we're all here, because if and when a contract hits, this stock is going up up and away, and you know it. I believe TMPS will get their filings in order when they're in a better position to do so. Yeah, I'm not happy about TMPS not being current, but if I wanted happy I'd go invest in AMD.
Also, Johan can't just dump cash into a checking account for TMPS to use, it doesn't work that way. There are legal and tax implications, and to reiterate, he's already lending the company $6.2MM. If Johan guaranteed a working capital line for example, it could be used to make payments on his convertible note and that creates conflict in my opinion.
There are things to be concerned about, no question, but as I see it TMPS hasn't even scratched the surface of what it could potentially become. In my opinion, they are clearly trying to emulate Omega Aerial Refueling Services, Inc. Once TMPS has a fully operational fleet, the revenue and growth prospects are astronomical. TMPS is not choking on debt, so I'm not concerned about bankruptcy. The only substantial debt on the balance sheet is with Johan Eliasch.
Again, TMPS needs a contract. However, they didn't acquire all these planes just to let them sit. THIS IS WHY I'M INVESTED, so bash all you want, I ain't going anywhere until their fleet is operational.
AI
