TPAC-Email-[url]-Re: just takes work
> On Oct 11, 2015, at 5:03 PM, Stan wrote:
>
> Hello,How are you doing.Hope all is well with the leg and everything. Can you give a update on meetings that you have been to and are going to and arranging. The reason I ask is basic. We know the future as presented by you and the outside due diligence. Fantastic to say the least.When things will 'pop' for TPAC as you say, and all agree ,nobody knows exactly when.But you are making that happen. It just takes work. I believe that for myself and the other TPAC investors we need the meetings updates. For example: The meetings were held as scheduled and they went well. More meetings were scheduled so we have an ongoing dialogue happening.-- Also-- Totally new people type meetings-introductory in nature type meetings- Anyway if you can comment or give a general type report of recent past,present,and future meetings scheduled or in discussions stages that would be swell and greatly appreciated.Best Regards Bill,Stan
Sunday, October 11, 2015 2:16 AM
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From: "Bill McKay" <swpc1@aol.com>To: "Stan
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Leg is still a problem and will be for a while but that's another issue. As for progress, it continues. I saw the previous email regarding COMAC. The information we provided was based on COMAC's best estimates at the time; 2012. They estimated first flight in 2014 and first deliveries of the aircraft in 2016. It's now late 2015 and they are non-committal regarding a 2016 first flight and 2018 delivery. This is coming from a company that has invested billions into this project. My point to this is that in sophisticated manufacturing in general and in the the aerospace industry in particular, things come up, including setbacks and delays by third parties. The same holds true for us.
However, I am happy with the progress of all of our meetings and as I said previously, nothing has died. It's all moving forward but I won't disclose details including with whom we are holding discussions or the nature thereof. The reaction of people to past disclosures including the Timken PO were so far beyond the pale that I will not make such disclosures in the future.
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