Hell of a deal by TMPS they got shares at 52 cents and many shareholders can buy today almost half that price
Royal Airforce of United Kingdom agreed to sell TMPS six aircraft for 6.7mil common shares at 52 cents.
TMPS is making progress on expanding services and with the current climate there is a need for their products and services
Folks can buy well below that and something tells me RAF will see a profit on this agreement just a hunch You can Gain entry well below the price RAF is receiving their shares ensuring a minimum of at least 80-100% return short term.
Tempus Applied Solutions (TAS) announced today that the company has entered into a definitive purchase agreement for the acquisition of six Lockheed L-1011s formerly owned and operated by the Royal Air Force (RAF) of the United Kingdom. Four of these aircraft are specifically configured for air-to-air refueling (AAR) operations and the remaining two are configured for passenger and cargo operations only. Although the aircraft served the RAF and NATO for 30 years until their retirement in 2014, the aircraft have many years of service life remaining. The L-1011s have been in flyable storage in the UK since their retirement. The closing of the acquisition will take place following satisfactory inspection of the aircraft and associated log books and support equipment.
The company intends to utilize three of the AAR configured aircraft while the additional three aircraft will be used as spare parts. Marketing of the aircraft for contractor owned/operated AAR operations will begin immediately with a focus on the US Navy, NATO, and other allied air forces which require hose and drogue AAR services. The aircraft are currently registered in the United States and will be ferried from the UK to an existing TAS base of operations in the continental USA upon acceptance and the completion of required maintenance.
Company CEO Scott Terry stated, “We are very encouraged to have found a potential solution for the shortage of AAR services that currently exist within the US Navy and Marine Corps tactical aviation and many NATO/Allied air forces. We will perform the necessary inspections and evaluations over the next several weeks in order that the transaction can close as soon as possible.”
Assuming a successful inspection and evaluation, the aircraft will be acquired utilizing TMPS common shares. TAS expects to issue to the Seller approximately 6,730,769 common shares at a value of $0.52 per share.
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