Rob can you clarify the 8k for me?
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Seems no one is actually reading the 8-K because it's explicitly saying:
* It's not really $121M any time soon
* We need to dilute heavily to get cash now (hope JG Wentworth not still in BK)
* We need to fix the planes and that's going to take a lot of time and a lot money; we don't know how much so don't ask
* We need another billionaire to pay off our first billionaire who is breathing down our necks
* What financials filings are you talkin' 'bout Willis
* And, finally, sorry if you're still Long after we do all of the above
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So i cut and pasted the 8k. Seems like i am having trouble finding what you stated “It is exlicitly saying”
Maybe the reason the sp has not responded is that the 8k has not been released to the major financial outlets?
Sam
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Item 1.01: Entry into a Material Definitive Agreement.
TRISTAR AIR LLC, A TEMPUS APPLIED SOLUTIONS INC. SUBSIDIARY, HAS BEEN AWARDED WITH AN AIR TO AIR REFUELLING CONTRACT WITH THE U.S. DEPARTMENT OF DEFENSE
THE CONTRACT VALUE IS $121 MILLION OVER A 5 YEAR PERIOD.
NEWPORT NEWS | APRIL 24, 2019 – TriStar Air LLC, a subsidiary of Tempus Applied Solutions Holdings, INC. has been awarded a $121,425,707 indefinite-delivery/indefinite-quantity task order contract for aerial refueling services in support of the Department of the Navy, other Department of Defense agencies, and Foreign Military Sales customers. According to the U.S. Department of Defense announcement, no funds are being obligated at the time of award, funds will be obligated on individual orders as they are issued. Customary for government contracts, there will be a working capital requirement for which the company will require third party funding and/or shareholder funding. Furthermore, there will be a capital requirement for getting the aircraft mission ready, for which the company will require third party funding and/or shareholder funding. The contract was awarded in a competitive procurement process and in accordance with existing rules and regulations for U.S. Government contracting, an award can be protested by the other.
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