TEMPUS APPLIED SOL COM USD0.0001(OTCMKTS:TMPS) has seen a spectacular rise in recent days from an $0.03 start to recent highs of $0.50 as word spreads of Swedish billionaire businessman Johan Eliasch purchase of the controlling interest in the Company.
TMPS was trading over $10 2 years ago and has been on a steady downward drift since than hitting recent lows of $0.03. Over the past few days as the stock has skyrocketed TMPS has become one of the most active stocks on the entire OTC quickly attracting a significant shareholder base who is busy bidding this one higher.
TEMPUS APPLIED SOL COM USD0.0001(OTCMKTS:TMPS) provides design, engineering, systems integration and flight operations solutions that support critical aviation mission requirements for a variety of customers including the United States Department of Defense, other U.S. government agencies, foreign governments and select corporations and individuals in the private sector. Our experienced team of professionals provides efficient, economical and flexible service that responds to the most challenging demands facing the aviation industry today. Our commitment to safety and security has earned us a reputation as one of the most forward-thinking aviation companies worldwide. We are headquartered in Williamsburg, Virginia.
The explosive move up on TMPS comes well over a month after Johan Eliasch, the Swedish billionaire businessman purchased a 10% senior note giving him access to 77,500,000 TMPS common shares at a fixed price of $0.08. He increased his position May 16th, 2017 purchasing and additional 2,032,944 common shares at a price of $0.13. This means that Jonah Eliasch now owns 79,532,944 common shares representing an 89.8% ownership of TMPS through his holding company Santiago Business Co. International Ltd.
Johan Eliasch, 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, 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.
One of the first moves by Johan Eliasch since taking over TMPS was installing a new CFO Johan Aksel Bergendorff. Mr Bergendorff started his career with Ernst & Young before he joined PricewaterhouseCoopers. Mr. Bergendorff. specializes in Mergers & Acquisition which is a hint of the direction our billionaire owner intends to take TPMS and from his bio has ties to the billionaire’s owners other firms.
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