Replies to post #12241 on Tempus Applied Solutions Holdings Inc fka TMPS

[ShortsFail]

Johan led IPO nets $135 MILLION for HTM! (Head NV)

An example of Johan taking over a company, expanding R & D and product lines, cutting costs, restructuring debt (including floating a $100 million note), and increasing revenues while growing the company and increasing its value.

This is a guy I'm confident investing with! A proven winner!

http://www.company-histories.com/Head-NV-Company-History.html

In 2000, HTM was reorganized as Head N.V. was taken public, its initial offering netting the company more than $135 million.


Eliasch moved quickly to revitalize the fortunes of HTM. He cut overhead, eliminating 1,100 jobs, and discontinued two disappointing product lines, golf clubs and sports wear, which had been responsible for most of the company's losses.

With the product lines more focused, he directed the company's attention into three areas: winter sports, tennis, and scuba diving. A fourth division, licensing, was subsequently added. As a result of these changes, in 1997 revenues dropped 16 percent over the previous year, but the company was able to post a $4 million profit.

An impressive start, Eliasch continued to be saddled with oppressive debt. In 1998, HTM negotiated a rescue package with Austrian and Japanese banks that forgave $72 million and lowered the interest rate to just 6 percent. Eliasch next floated a $100 million note to gain a financial cushion and began boosting the company's research and development budget in an effort to spur sales through innovation. In 1997, HTM introduced the first tennis racket made of titanium and graphite, which proved highly popular. It then developed the first computerized tennis racket, named Head Intelligence, which employed sensors to adjust the necessary power and in the process suppress about half of all vibrations, thus eliminating the cause of tennis elbow.

On the skiing side of the business, new hourglass-shaped skis, designed to make sharp turns, also found a ready market. In addition, Eliasch looked to grow HTM through external means. In 1998, the company acquired Dacor, a diving industry pioneer, followed by the 1999 addition of Penn Tennis Balls and snowboard makers Blax and Generics.

In 2000, HTM was reorganized as Head N.V. was taken public, its initial offering netting the company more than $135 million. The company's shares began trading on both the Vienna Stock Exchange and New York Stock Exchange. As Head looked forward, it continued its emphasis on research and development while also pursuing external growth. The hope was to add new product lines to provide some diversification. In particular, management began to consider the fitness, bicycle, golf, and fishing sectors, with the goal of doubling the size of Head within five years.

[mariosmack]

There is no list. Eliasch has never taken a company and improved its stock price. It never happened.

Therefore, to say that TMPS is going into dollars just because Eliasch, a billionaire, is the owner is just incorrect.

More relevant to his credentials than the fact that he is a billionaire is how he became a billionaire, which he obviously does not want people knowing.