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LoserTrying2Win

10/26/17 12:39 PM

#16776 RE: BillJay #16773

Converting it and going to subpenny makes no sense for Johan.

I'd assume he would rather uplist to Nasdaq and actually make money here.

KelliBlue

10/26/17 12:42 PM

#16778 RE: BillJay #16773

It doesn’t matter now as it’s 6 months away. No one is looking that far forward on an otc penny.

robtewms

10/26/17 12:58 PM

#16780 RE: BillJay #16773

They can refinance or pay off the note. I'd bet everything on the note not converting.


If TMPS could readily refinance (refi) or otherwise pay off the note within the next 6 months, it begs the question why they didn't go that route directly instead of taking a freaking note.

In that case, they could have done that deal outside of Dilution of the stock. But, the reason TMPS didn't get a loan is because they couldn't. Moreover, the payday loan/ toxic lending route is the only one available to them absent sustainable profitability.

Anyway, based upon the now infamous deal with the "Billionaire". There were terms of "no early repayment". So, the purchase agreement defaulted on a single plane; not six planes. And, that was used to steal the company from its owners and shareholders.

So, everything likely converts. It's a long story, but it's guaranteed to unfold within the next 6 months. I'm willing to bet on that.