Replies to post #18482 on Tempus Applied Solutions Holdings Inc fka TMPS

[bob4uall]

Correction: TMPS Not bankrupt NOW, sorry if misunderstood!

I am not meaning to say that TMPS is in bankruptcy. I am meaning to say that shareholders-- myself included-- are betting that somehow TMPS can avoid it.

According to TMPS's Investor Relations page where you can look up the 9/30/17 Balance Sheet, liabilities outweighed assets by $3.427 million. Book value per share would be below zero: negative 19 cents per share.

Accounts payable to trades totaled $2.45 million, which is bigger than all of their cash, receivables and other assets combined, being $1.66 million.

So it is not bankrupt because the creditors are holding off collecting their debts, it appears.

I do not consider the company to be a safe investment, in my own opinion. But it is a penny stock, and the open market values it according to potential to turn around. I do not know why it should be worth $1 per share, 10 cents per share, 1 cent per share, 1/10 of a cent per share or $.000001.

I am merely betting that good news will be achieved and bankruptcy will be avoided.