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whizknock

09/17/18 1:31 PM

#20955 RE: BillJay #20954

Absolutely correct. Johan Eliasch knows exactly what he's doing. With his UK/EU connections he knew about those Tri-Star tankers before he ever seized control of this company. It's also why Johan Claasen accepted 6,730,769 common shares at a value of $0.52 as equity in TMPS. Johan Eliasch explained to Johan Claasen the game plan & pointed out that he had Scott Terry running the business & showed him Terry's resume.

One of the best plays on the OTC IMHO.
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robtewms

09/17/18 8:02 PM

#20960 RE: BillJay #20954

When a bank issues a revolving line of credit, the bank has a blanket lien, meaning they have ties to receivables, inventory and commercial real estate, basically all the assets of the company. The note with Johan Eliasch is no different than any other commercial lending transaction. It's a great partnership.


The Johan is not a bank. But eventually, he will bankrupt TMPS. No partnership here. Just plain greed. By the way, I love that show. Willing to bet The Johan headlines someday soon.