TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) Is A Smart Money Play

The share price of TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) keeps moving up in New York. The upward trend of this aircraft company is being highlighted by many due to Johan Eliasch; one of the company's shareholders. He is a Swedish billionaire businessman, who has invested a fortune in TMPS. Hence, we decided to inform our readers.Johan EliaschBefore we tell you how we explain the most recent price action, have a look at the share price appreciation:SourceJohan EliaschLet's first provide some background for those who have read for the first time about TMPS. The company provides “turnkey flight operations, customized design, engineering and modification solutions; and training services“ to very relevant customers in the US including the U.S. Department of Defense and some U.S. intelligence agencies. It employs 22 and is headquartered in Williamsburg, Virginia.SourceNow, let's move on to the most important part of the piece; the shareholders of TMPS. We know that the famous investment fund ‘AQR Capital Management LLC’ had bought 715,771 shares. However, there is another well-known shareholder, whom we noticed recently. His name is Johan Eliasch, and is reported to have a total amount of 79,532,944 shares. As of 27 June, 2017, his stake is worth more than $79 million. That is large bet. Hence, we decided to investigate his profile a little more .Who is this tycoon?Mr Eliasch, Chairman and CEO of HEAD N.V., is the multi-millionaire behind the scenes of TMPS.SourceWhat's his story? Eliasch began his career by working for private equity fund ‘Tufton Group’ in 1985. According to wikipedia, he has made millions in the real state business. Additionally, he has been involved in political activities. He worked for the British Government as Special Representative of the then Labour Party, while Prime Minister Gordon Brown was in charge. Finally, he also became very famous for his environmental causes. He has been highlighted in the British newspaper ‘The Independent’ for protecting the Amazon rain forest.

"The Swede spent an estimated £8m on a 400,000-acre swathe of the Amazon simply to save the pristine rainforest from logging devastation, and he is encouraging others to buy more Amazonian land through his environmental trust, Cool Earth."Johan Eliasch: A multimillionaire with a conscience"Yesterday the 45-year-old tycoon, ranked 211th in The Sunday Times rich list, completed his journey across the political divide which has taken him from Conservative Party financier and Tory deputy treasurer to an official adviser to the Labour Prime Minister Gordon Brown." Johan Eliasch: A multimillionaire with a conscience

The Telegraph also highlighted his name in this article that included information about his fortune:

"Mr Eliasch, 46, who is based in London, has an estimated net worth of £395 million. He is a former deputy treasurer of the Conservative Party and now an environmental consultant to the prime minister." The Telegraph

How did he acquire such a big position in the company?The businessman acquired first a 10% senior note that gave him rights to acquire 77,500,000 TMPS common shares at a price of $0.08. Later in May, he acquired some more shares: 2,032,944 shares at an average price of $0.12. As of June 27, 2017, the share price is at $1.00. Hence, he has multiplied his investment by about ten times. However, he has not yet sold a single share of the company.ConclusionTMPS’ common shares are moving higher almost every day. In this piece, we highlighted a very good reason that may justify the share price move. Investment tycoon Johan Eliasch owns a large stake in the company. It seems that the market decided to follow the rich shareholder and push up the share price as investors rushed to join the smart money crowd. Those who invested with him have seen big returns. We don't really know when the move will stop, but we encourage Insider Financial followers to stay alert by signing up for our newsletter.Be sure to check out our coverage on TMPS. We will be updating our subscribers as soon as we know more. For the latest updates on TMPS, sign up below!Image courtesy of FlickrDisclosure: We have no position in TMPS and have not been compensated for this article.