After being summarily dismissed from the board last night, I wasn't going to post today. I believe your message is a version of the truth that isn't accepted by the majority of the Longs on this board. What I've learned in the past two days is denial by most Longs that the Shorts are eating Steak and Lobster this weekend and maybe next weekend too. It seems unfathomable that a Billionaire who brokered a ownership and control convertible note deal would both sell those shares into the market and buy the company for pennies on the dollar in BK court. The resignation of the four directors signals that there is no scenario where this shrewd and calculating Billionaire doesn't win. Open your eyes.
Disclosure: I may buy TMPS tomorrow but, my entry target is more than half below the closing price on Friday.
COWN & Johan Eliasch are working together to facilitate a future COORDINATED transaction? Johan would be planning to "sell" some or all of his 77.5 mil shares. And COWN the market maker (whose likely the culprit naked shorting TMPS) would 'buy to cover' in a coordinated transaction reported as a T Trade after hours. In effect, COWN would be providing the liquidity for Johan to sell some or all of his shares.
Good post. What I find interesting as well is that all the letters of resignation are shown per the SEC filings, except John Gulbin's. Did he actually resign or did he threaten to resign? I don't think he officially resigned, and he owns half of Tempus Intermediate Holdings or the private side of the overall Tempus organization. John and Scott were already in the process of merging assets with TMPS or the public entity. TIH appears to be the stronger of the two. Merger still proceeding forward?