Given only 20000 shares per day trade hands it doesn’t look like much of a coordinated effort to do much of anything.
There’s $6000/day in trading volume counting both buys and sells.
To manipulate the price would take more volume than that in dumps and wash trades alone.
Face it, like usual, and I’ve been around TMPS long enough to have seen it happen 3-4 times, there’s 1-2 days of volume, and then back to nothing.
It really doesn’t matter what the pps is if there’s no buyers. If there were buyers they’d take out that 20k share wall at .2989 pretty quickly.
The only thing that will happen here without news on the note or news on the protest is nothing. Bad news on either will tank it. Good news on either is likely already priced in.
Think about it, assuming the note gets refinanced, and the protest gets dismissed, they still need the money to fulfill the contract. The only way they’re getting the money to do that is through convertible debt. The A/S is too small for any debtor to convert, so that means either an RS or A/S gets raised. Retail investors own a minority of the voting shares, so any corporate actions will pass no matter what retail shareholders think about it.
This is a lose/lose situation for retail. That’s why there’s no buyers.
In the interim, without news, volume stays non-existent and the pps drifts lower. As always has happened with this ticker for the past 3 years.
Probably the only “manipulation” going on here is the bid sitters are keeping it propped up. There’s no shortage of shares for sale around .29. As noted there’s no takers for them or there wouldn’t be that ask wall.
Given this historically trades with a nickel spread, .24/.29 is a common sight. .21s can be had bid sitting, saw those go the other day on that small dump. Probably a 20k share sale into the bid could drop this to .20 or below - that would be equal to the daily trading volume.
I played this ticker for a couple years, I’ve watched the charts, level 2, done the DD. I’m very sure I can tell you exactly what is going to happen with this stock, the same things that have always happened with it. No news, no volume, changes for the worse, and someday a quick pop and then it’s all over for another several months.
When I got interested in TMPS it was an OTCQB stock, current in fillings, with an experienced CEO, and a billionaire investor whose note was due many, many months in the future. It also had no new convertible debt and a potential deal on the Tristars. The company used to do conference calls after filings - what happened to that?
Now it’s a pink, not current, stop sign, wonder boy CEO resigned last February for “personal reasons”, note to the billionaire is past due (and secured by the collateral of the gulfstream, the blue bird planes, and 100% of the member shares in the LLC that holds the Tristars and was awarded the government contract), there was also shares issued under that other financing agreement last year, and more shares issued for maintenance of the Tristars.
As a delinquent filer/non-reporter, I do not trust that any of the info issued by the company regarding share structure is anywhere near up to date. Hell, the company deleted all their social media accounts a couple months ago. There’s no IR, just some leaked info to a couple of posters here while everyone else questions go unanswered.
Bottom line is there are otc scams run better than this “company”. Once upon a time this was one of the few “real” companies in the otc. Now, real company or not doesn’t really matter given how poorly it’s being run. Pretty sure best case scenario is more dilution, and worse case the Johann walks away with the gulfstream, the bluebird planes, and Tristar Air LLC.
