Certain private company (TIH) assets were in the p
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Posted On: 07/10/2017 10:50:54 PM
Certain private company (TIH) assets were in the process of merging with the public company (TMPS) before Johan Eliasch stepped in and filed a temporary restraining in order to protect his investment.
Tempus Intermediate Holdings is controlled jointly by John G. Gulbin III and Benjamin Scott Terry. TIH owns certain aircraft used by Tempus to provide services to certain customers.
Case 4:17-cv-00008-HCM-DEM Document 1 Filed 02/02/17 Page 9 of 10 PageID# 9 $TMPS
(ii) entering a temporary restraining order for a period of 14 days, and a preliminary injunction prohibiting and restraining Terry, TIH and the BST Trust from selling, assigning, transferring, pledging or encumbering any material part of TIH’s assets, including but
limited to TIH’s wholly owned subsidiary, TASS and/or its assets.
It looks like the case has been settled, and my guess is you're looking at a merger of some sorts. If the entire Tempus umbrella were to combine (private + public), you're looking at a $10 to $15 stock.
Here's the question you need to ask yourself:
Is Johan Eliasch trying to combine the entire Tempus umbrella under the public entity as opposed to just splitting up Tempus Intermediate Holdings and merging some of the assets to TMPS? If you read the lawsuit carefully, John Gulbin and Scott Terry were in the process of splitting up TIH, more specifically, Tempus Aircraft Sale & Services (TASS) was going to John Gulbin and the rest was going to Scott Terry. My research indicates that the entire Tempus Umbrella (companies owned by John Gulbin and Scott Terry) are bringing in around $100MM in annual revenue.
Tempus Intermediate Holdings is controlled jointly by John G. Gulbin III and Benjamin Scott Terry. TIH owns certain aircraft used by Tempus to provide services to certain customers.
Case 4:17-cv-00008-HCM-DEM Document 1 Filed 02/02/17 Page 9 of 10 PageID# 9 $TMPS
(ii) entering a temporary restraining order for a period of 14 days, and a preliminary injunction prohibiting and restraining Terry, TIH and the BST Trust from selling, assigning, transferring, pledging or encumbering any material part of TIH’s assets, including but
limited to TIH’s wholly owned subsidiary, TASS and/or its assets.
It looks like the case has been settled, and my guess is you're looking at a merger of some sorts. If the entire Tempus umbrella were to combine (private + public), you're looking at a $10 to $15 stock.
Here's the question you need to ask yourself:
Is Johan Eliasch trying to combine the entire Tempus umbrella under the public entity as opposed to just splitting up Tempus Intermediate Holdings and merging some of the assets to TMPS? If you read the lawsuit carefully, John Gulbin and Scott Terry were in the process of splitting up TIH, more specifically, Tempus Aircraft Sale & Services (TASS) was going to John Gulbin and the rest was going to Scott Terry. My research indicates that the entire Tempus Umbrella (companies owned by John Gulbin and Scott Terry) are bringing in around $100MM in annual revenue.
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