An 8K not being filed with regard to the convertible note is actually a good sign in my opinion. I think they would have addressed this earlier, but they first wanted to wait for the contract to play out. They basically couldn't make a move until a path was formed or they knew what direction to go. They were stuck between a rock and a hard place. I'd bet anything that they're putting together some sort of new loan facility right now.
As far as the financial filings, keeping current isn't just about filing, it's about paying auditors and attorneys a lot of money, and TMPS was too cash strapped to do that. I think Johan made the decision to let TMPS fall into the pinks because of working capital constraints while they waited on the contract award. Now that they have visibility, and once we get past the protest, I truly believe we're going to see this company grow up. Also, Johan is a minority shareholder, trust me when I say he wants to see his shares appreciate. If he took back the planes, he has to spend at a minimum $5MM dollars to get the aircraft up to snuff, it wouldn't make no sense for him to do that, not without a strategy behind it, and TMPS gives him that strategy. He might make a profit selling the planes AS-IS, but not near enough to waste your time on for over 2 years. Johan Eliasch is here to make a lot of money, and the way you do that is by making TMPS successful.
Patience will pay off here my friends.
