InvestorsHub Logo
icon url

robtewms

01/25/18 10:16 PM

#18516 RE: BillJay #18512

So their largest liability is with the Johan Eliasch, the company's chairman.


Not according to OTC Markets:
Company Officers/Contacts
Scott Terry CEO
Johan Aksel Bergendorff CFO
R. Lee Priest EVP, Fin.

Company Directors
Joseph Wright Chairman
Christopher D. Brady
Peter A. Cohen
John Gulbin
Kenneth J. Krieg
Niall Olver

They have an equity line of credit to tap on a limited basis in order to meet short term working capital needs.


No. GHS Investments is not a line of credit. Even in this recent filing, TMPS will only get about $576,000 for 4,000,000 shares. That's a long way from tapping $12,000,000 because TMPS is out of shares unless they retire some shares or increase the A/S.

I'm sure Johan Eliasch will just stand by and allow the company to file bankruptcy, which keeps his asset/plane tied up in bankruptcy court for months on end, so he can take control of a company that has minimal value as it sits right now? Yeah, that makes sense


One thing to be sure of is that "The Johan" is only looking out for himself not Retail Investors. So, if he has to get his money through BK Court. Then, so be it. And, by the way, he may shed a tear for the Retail Investors on his way out of BK Court. But, I doubt that.