Amazon wants to negotiate a better contract. Simply put, thats all this is. Notice the wording and the use of the word "intend" - i.e. they don't want the current contract and intend to renegotiate a new one. You can be sure John will renegotiate. Amazon is not in a position to start doing deliveries, as they are already snowed under and unable to meet demand as it is. Amazon is literally desperate and can't find enough drivers to do their in house independent program and the ones they have are dropping like flies because of the capital cost involved, long hours and very low pay. Amazon basically wants to be able to renegotiate the COVID Premium come September - thats all this is about. The contract is actually through end of March 2021, but they want to renegotiate the Covid Premium by Q3 this year, so this is a tactic. It's no secret that Amazon, among others, were sniffing around at takeover of TLSS. It's an orchestrated effort. Notice the HUGE buys there were to scoop up those cheap shares. The price didn't not keep going down, but went back up. Very telling.
Again very orchestrated - Firstly, TLSS is making a case for keeping the nearly $4 Million in forgivable grants the government has provided. Quarter 2 results are going to rock, so they need to show in Quarter 1 they really needed it to be forgivable. Even Quarter 1 showed 50% increase in revenues, so that might not be enough to justify granting a forgivable loan - this story about Amazon gives them ammunition if asked. I can guarantee you it will be renegotiated.
On top of that they have picked up a huge amount of new business with Home Depot, CVS, Food Giant, Food Lion and other major grocery stores in Quarter 2. Mercadante is working on building a HUGE book of business and expanding into many other markets, but he has to be a bit coy right now to ensure the $4 Million is granted as forgivable, especially after the stupid short article that targeted them.
