TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) On A Bull Run

Did you see what recently happened to the stock of TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS)? The share price went through the roof in just a one-week-period on a tremendous amount of volume. For some days, more than 2 million shares changed hands. We will tell you what happened in this piece, but, first of all, have a look at the price action.SourceBusinessTMPS provides different services related to the aircraft industry including "turnkey flight operations, customized design, engineering and modification solutions; and training services". In one of the company's documents that the market got to know recently, the following relevant customers were noted: U.S. Department of Defense, U.S. intelligence agencies, U.S. Air Force, Army, and Navy, the U.S. Department of Homeland Security, foreign governments, heads of state, and high net worth individuals worldwide. The company is headquartered in Williamsburg, Virginia.The company employs 22 people; 15 employees have operational roles, and 7 have executive roles. TMPS also utilizes contract labor on an as-needed basis to cope with large temporary contracts. On this occasion, the company can be working with a maximum of 50 people. Hence, this is not a small start up trying to launch new operations with a few workers.Let's review the business history. TMPS was formed on December 19, 2014 as a result of the merger of Chart Acquisition Corp., and Tempus Applied Solutions, LLC. Chart was a special purpose acquisition company that raised $75 million in its IPO in December 2012. Market participants can find more information about the transaction here. The share price move and New CFOThe move was caused by the hiring of a new CFO with strong credentials. We don't want to miss any detail of his career, thus we let market participants form their own opinion by reading the whole paragraph:

"Mr Bergendorff started his career with Ernst & Young before he joined PricewaterhouseCoopers, where he spent four years in Copenhagen, Denmark, before relocating to London in 2010. In 2014, Mr Bergendorff left PwC to join an international Corporate Finance boutique, as senior M&A advisor. Mr Bergendorff works as a full time consultant for Jet Support Services Ltd, an affiliate of Santiago Business Co. International Ltd., and other companies directly or indirectly controlled by the persons who may be deemed to be the Company’s principal beneficial owners. Mr Bergendorff holds a B.Sc. in Mathematics & Economics and an M.Sc. in Audit & Accounting, both from Copenhagen Business School, Denmark. Further, he is a CFA charterholder." Source

This information was put out on June 14, 2017. On June 15, 2016, the share price rose, but it was one day later when the market saw the news and pushed up the share price. The volume and the returns obtained by market participants were extraordinary. Just have a look.SourceDid the company release any other information prior to the share price jump? Not really; the last news was put out ten months ago, and the last quarterly results were put out in May. Hence, we believe that the CFO news could have caused such a move.What are other financial forums telling? - Relevant shareholders On the iHub Forum, we could find that the company is quite popular. There was a post about the current shareholders of the firm that market participants may appreciate.SourceLouis Bacon has a net worth of US$1.81 billion. Additionally, AQR Capital Management LLC is a very big hedge fund. Additionally, we found a lot of insider activity in the stock.NameSharesDate ReportedBRADY CHRISTOPHER D.110,750Jun 23, 2016TERRY BENJAMIN SCOTT2,032,944Mar 14, 2016GULBIN JOHN GEORGE III1,790,813Oct 27, 2015COWEN INVESTMENTS LLC656,250Oct 27, 2015WRIGHT JOSEPH R JR350,594Jun 22, 2016PRIEST ROBERT LEE JR277,778Jun 22, 2016SourceConclusionWe had a look at the company's most recent news to understand the latest price action. We saw that the company had elected a new CFO with outstanding experience in M&A. Market participants seemed to appreciate the profile. Additionally, we had a look at what other investors are saying on social media. We found information about the company's current shareholders at the iHub forum. Rich market players have been buying shares and insider activity in the stock is very substantial. These are all very good signs. We believe this bull run is set to continue and expect the company to deliver more catalysts to drive the share price.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.