The share price of TEMPUS APPLIED SOLUTION HOLDINGS (OTCMKTS:TMPS) has soared over the last 5 days from a low of under $0.05 to a high of $0.50 on 6/19/17. Investors interest in TMPS is due to the recent purchase of the controlling portion by billionaire Johan Eliasch.
a little info on Johan Eliasch below :
Johan Eliasch (born February 1962), is a Swedish billionaire businessman, and the chairman and chief executive officer (CEO) of Head N.V., the global sporting goods group, and the former Special Representative of the Prime Minister of the United Kingdom.
He is on the board of directors of Equity Partners, Aman Resorts, London Films, the Foundation for Renewable Energy and Environment, Longleat and Acasta Enterprises. He is an advisory board member of Brasilinvest, Societe du Louvre, Stockholm Resilience Centre, Capstar[specify], Centre for Social Justice and the British Olympic Association. He is a member of the Mayors of Jerusalem and Rome’s International Business Advisory Councils. He is the first president of the Global Strategy Forum, a trustee of Cool Earth and a patron of Stockholm University.
He has also served on the boards of IMG (2006-13) and the British Paralympics Association, the sports advisory board of Shimon Peres Peace Centre, the advisory board of the World Peace Foundation. He was non-executive chairman and a non-executive director of Starr Managing Agents 2008-2015. He was non-executive chairman of Investcorp Europe 2010-2014. He was a trustee of the Kew Foundation 2010-2016. He chaired the Food, Energy and Water security program at RUSI 2010-2016. He was a member of the Mayor of London’s (Boris Johnson) International Business Advisory Council 2008-2016.
This sudden spike in TMPS comes just a month after Johan Eliasch made 2 purchases of almost 80,000,000 common shares with a current ownership of almost 90% of Tempus Applied Solutions Holdings. both purchases where made through his holding company Santiago Business Co. International Ltd.
TMPS has had little attention from investors for quite some time, slowly falling from $10.00PPS in 2015 to under $0.03 just a week ago. In the last few days TMPS daily volume has tripled day after day and become one of the top trading stocks on the OTC. Yesterday 6/19/17 had a increase of over 170% with almost 2,000,000 shares trading throughout the day giving early traders a great day.
TEMPUS APPLIED (OTCMKTS:TMPS) is headquartered in Williamsburg, Virginia, Tempus provides turnkey and customized design, engineering, modification and integration services, and operations solutions that support aircraft critical mission requirements for various international customers including the United States Department of Defense, other U.S. government agencies, foreign governments, and heads of state. Tempus designs and implements special-mission aircraft modifications related to intelligence; surveillance and reconnaissance systems; new generation command, control and communications systems; and VIP interior components. Tempus also provides ongoing operational support, including flight crews, maintenance, and other services to its customers.
Since taking over the majority interest in TEMPUS APPLIED SOLUTIONS HOLDINGS (OTCMKTS:TMPS) Johan Eliasch has broght in a new CFO Johan Aksel, a close business partner of Mr Eliasch.
Currently trading at a $35 + million market valuation TMPS has minimal cash and $12 million in current payables. The Company did $4,386,839 in revenues in the first q 2017 and has 10s of million in contracts on the books. TMPS is one exciting story, they are an established small to midsize DOD company in a very lucrative but difficult sector to get into. In this sector once a company like TMPS is established they often acquire other smaller companies to expand their footprint or the get bought out by one of the big 3 which are Boeing, Lockheed Martin, and Northrop Grumman who often pay anywhere from $300 million to $1 billion for companies of this size. We will be updating on TMPS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TMPS.
Under the sub-contract, Tempus will utilize highly modified turbo prop aircraft and will provide all flight crew, maintenance services, logistics support and secure facilities. Tempus expects to conduct more than 1,500 mission hours annually in support of the NORTHCOM CN> mission. “Supporting NORTHCOM and Patriot Group with our unique aviation assets and dedicated professional aviators and technicians is a mission that we are proud and honored to be a part of” stated Tempus Chief Executive Officer, Scott Terry.