Replies to post #18429 on Tempus Applied Solutions Holdings Inc fka TMPS

[lloydm]

Correct. TMPS did their part by performing the work contracted, but the customer ends up not paying.

TMPS did the right by informing the customer and shares holders they will be not working for free. That is why TMPS will be taking that customer to court.

The Company also informed the customer that it would seek damages for losses and expenses in light of the customer’s repudiatory breach of the contract. Depending on the outcome of negotiations with the customer, and possibly litigation, the receivables owed to the Company for services rendered, together with damages, would be applied against the operating deposit of $750,000 to be repaid to the customer following contract termination.