My opinion only ... TMPS stock is being manipulated down, and then way up early next year.
When Cowen & Johan work together, they both make HUGE profits. They are scratching each other's backs at the moment. Johan is allowing COWN the mm to naked short TMPS so that a secondary can be done at a later date. That was the proposal which Jack Gulbin could not stomach and the reason the 4 Board members resigned in April.
Do the math ...
AUG 20017 - Johan converts---let's say---5 mil of his 79.5 mil shs @ .14 = $700,000 proceeds. Johan provides the liquidity for Cowen to cover his 5 mil naked short position @ .14 (we know there are naked shorts in the stock. The '4320 flag' has been shown for 8 days on OTC's website & the A/D line has declined 4.8 mil shares since then. Form 4's are filed at these cheap prices. Insider's are buying. Stock options issued.
JAN 2018 - Johan converts his remaining 74.5 mil shares at---let's say---$2.00 = $149,000,000 proceeds (Cowen is lead underwriter for the secondary offering. Cowen Investments, Peter Cohen, etal also sell their 5.3 mil shares as part of the 80 mil share secondary.)
* That's $150,000,000 before fees in Johan's pocket after the Aug 2017 and Jan 2018 stock sales. Last I checked, $150 mil IS FAR GREATER THAN $6.2 mil.
As has been said innumerable times before on this message board ... THIS IS WHY JOHAN ELIASCH IS A BILLIONAIRE. THE MAN IS A GENIUS AT MAKING MONEY.
(If my prices are unreasonable then simply substitute YOUR PRICES for mine. Even COWN covering at .38 and a $1.00 secondary offering would be hugely profitable for both parties)
All imo
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