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It has sounded something like this..
.0014 woohoo... its running baby...
.0012 Oh yeah, nice load on the dip
.0010 Smoking deal at support, ain't never seeing trips again.
.0008 On sale, get 'em while they last
.0006 Loading on the cheapies
.0003 Load and hold
Those .0014s are now worth 21%.
Your $5000 is worth $1070.
Only 1 reason for the Pump-for-Hire interview...
...Because CEO Bill has NOTHING else happening. If he had ANY REAL news coming, he surely would not have wasted $1500 on that comical regurgitation of the same rhetoric he's been spewing for years.
or....
maybe he was abducted by aliens disguised as german 'little people' and injected with 'stupid' serum?
Dang. Sorry. That was 2 reasons.
CEO Bill - WHAT ARE YOU DOING??? COMPLETELY ASININE!
You hire a 2-bit stock pumper that spent no more than $12 and 3 minutes creating a pathetic 'website' to pump your stock for $1500.00!!???
Well your stock is dead alright. I'd say be sure shut the lights off when you leave, but I'm guessing the power has already been disconnected.
I thought you didn't care about stock price, that you were focused on REVENUE?? On PO's??
I don't know whether to laugh hysterically or vomit.
Ognib, you are awesome!! Thanks for taking the time to help me out. You must be one of them edumucated folk.
I'm confused, with everyone wanting 3's so badly, how do 2's print? Is your mouse not working? The 'buy' button broken?
BILLIE is at it again with his pumping tweets of champaign wishes and rotten caviar
Umm......because! Not_like_he's_got anything_to_actually sell. Well....except false hopes.
Re: 8K You'd think Bill would have taken the opportunity to promote today's achievement with more pizzazz in the filing. Oh wait. He can't say much because there are still outstanding loans? He can't say in an SEC filing that 'all toxic loans are paid off' because how do you define 'toxic loans'? You'd think he would have at least stated: 'All convertible loans are paid off'. So why didn't he? Asleep at the wheel again? Can't say it because there are more convertible notes still out?
I'm betting that the capital infusion used to pay off the loan has some pretty ugly (for shareholder) terms attached which is why Bill won't disclose those details.
Sometimes it's difficult to tell whether people are liars and scammers or just complete morons.
Only trap he fell into = DEVILS TRAP
Only 3 possibilities here:
1. Bill is a Liar.
or
2. Bill is inept.
or
Both.
Bill is not new (not even close to new) to public sub-pennies (20 years), executive management, toxic debt, bankruptcies and grossly misleading press releases, or bearing manufacturing (30 years).
LOL, I like the 911 order. Please state your emergency...
20 MILLION SOLD..at..5. OUCH! Just..heard..some swearing.
Anyone want 0003s? Watch out_for_the (justified) panic selling. Each tick down is an exponentially greater % loss.
It's time to take this to the SEC.
Just doesn't make sense- 30 years in bearing industry and you'd think he would have so many relationships that he should have been able to produce and sell at least 1 bearing to someone that he knows? It's been over 2 years since the NAVAIR approval, so he can't use that as an excuse. Over a year and he can't produce measly test parts. But 30 years in the business? You think maybe, just maybe, he's burned too many bridges? or worn out his welcome? or is not respected or trusted by his peers? I don't know. How else do you explain no parts, no revenue, no employees, no PO's? Well, I have one other theory - He doesn't want to actually build a business. It's too easy for him to milk shareholders for millions. I don't know. Maybe he's legit.
Don't give too much value to Timken deal. It was, after all, over a year old, for 'test' parts and for $9k. The fact Bill would even regurgitate that PO as his 'GREAT' news is evidence to me that he has NO GOOD NEWS coming and he's simply trying to squeeze the last bit of juice that he can out of this rotten stock.
Crazy, I Know, But how's this for theory...
Are these circumstances coincidental?
1. Huge short activity as pointed out by many, including Bill
2. Bill tweets about upcoming 'Great PR' - (People buying the shorts' sells)
3. Bill updates SS to reflect 3.4B OS (double what he said it would be on the last CC)
4. Horribly disappointing PR that is a regurgitated PR from over a year ago (What did Bill expect this to do to stock price - really?)
5. PR validity is refuted by Timken, even bringing to light that it was originally only for $9k for test parts.
6. Shorts begin the happy dance
Coincidence? Maybe.
Perhaps you should go read the last 24 hours of posts. Yes Boom!, but a different kind of Boom than what you are suggesting. Missed a '0'.
Oh lebowsky, you flip flopper you. Welcome to the other side!
Bill needs a friend. Go to him Vferro! Go! Run like the wind! ;)
Let's be real. Real issue is of trust and integrity. That is the significance of Timkengate. Is TPAC once again showing it can't be trusted?
The PO itself is a complete joke, as is the PR - $9k for test parts they couldn't deliver in 1.5 years? SMH.
Finally, someone with common sense! Thanks Waggs. You have restored my faith in humanity. Well, not all of humanity, but I hope you are a survivor when the meteor hits or zombies attack.
Stay tuned Chief Soaring Eagle, stay tuned.
Oh wow. SMH. It would only be illegal if Ms. Shelly conspired for gain. The conspiracy theories are unbelievable. Her responsibility and loyalty is to Timken shareholders. Her concern should be and is to protect the good name of Timken from lying and misleading companies using the Timken good name for fraudulent gain and at the detriment of Timken.
PR did state: "so as to examine products produced by TPAC with the mutual goal of Timken and TPAC entering into a long-term relationship through which Timken would globally market the products produced by TPAC under the Timken brand."
So is some truth, mixed with lies, truth or lie?
The hilarity of it is this great PR was not only a lie, but it was also regarding an order that was originally for $9,000! And "...to test their product". Shelly seemed very familiar with the PO and the amount and not hesitant to share it.
Bill on the other hand stated: TPACbearings: @no_buddy1 Won't disclose price. Pricing is sensitive to us and to our customer.
@no_buddy1 Won't disclose price. Pricing is sensitive to us and to our customer.
— TPAC Bearings (@TPACbearings) July 14, 2015
Be patient. We will have a very positive PR in the next few days. Could be as early as tomorrow but no later than early next week.
— TPAC Bearings (@TPACbearings) July 8, 2015
Yes if you turn your computer screen 90 degrees counter-clockwise and use a green felt-tip marker.
Tomorrow is gonna be UGLY!
CEO recanted statements from Conference Call re:TOXIC LOANS
Is this a blatant lie, a simple oversight, incompetence or an honest mistake?
@jaycpcap After the CC two changed their minds. So we had to negotiate deals with them or have lawsuits.
— TPAC Bearings (@TPACbearings) June 23, 2015
HUGE DILUTION with ZERO EXPLANATION from CEO
Or did I just miss the tweet?
Same scam from the year 2000
"...Harbin Bearing has been unable to establish procedures that would
enable it to qualify to international quality standards, generally accepted
automotive quality standards or aerospace quality standards. Such failure has
resulted in Harbin Bearing's inability to capture orders from the U.S.
automotive and aerospace industries. The international bearing industry is
extremely competitive. Although the Company's main competitors are Eastern
European manufacturers and manufacturers located in China, to a lesser extent,
the Company also competes with companies such as Svenska Kugellager Fabriken,
Fisher Aktien Gesellschast, New Technology Network, NSK, Timken, Torrington-
Fafnir and Nippon Miniature Bearing, who dominate this market. The Company had
hoped that its acquisition of Southwest Products would not only allow it to
access the U.S. bearing market, but also allow it to implement U.S.
manufacturing methods and quality control procedures at Harbin Bearing to
develop new products and meet the stringent requirements of many non-PRC OEMs.
By doing so, the Company expected to increase its penetration of the
international bearing market. As a result of the Company's decision to dispose
of Southwest Products in response to the CFIUS investigation, however, the
Company has suspended indefinitely its plan to enable Harbin Bearing to meet
these international standards. Failure to qualify Harbin Bearing to these
standards is expected to constrain the Company's future growth."
I know, I know, "But they are Navair qualified now". 30 years of excuses, you don't think there's another excuse for not performing coming soon? Give me a break.
http://www.sec.gov/Archives/edgar/data/95626/000102140800003755/0001021408-00-003755.txt
The moon is a place where life doesn't exist, right? Yep - to the moon!
LOL. Those are owned by RBC Bearings. Check USPTO.
That is NOT a Timken PR. That is TPAC PR. Here: http://news.timken.com/index.php
Where is link or PR from Timken? Do you know the terms of the PO? Do you know the amount? Is it $100 PO for a single bearing? Any details would be helpful?
Oh, but don't mistake, A PO is simply a promise to pay IF the supplier meets the conditions such as quality, price, and typically time-frame. It is not uncommon for companies to leave PO's open in the event the supplier can actually perform. It is also not uncommon for suppliers to over promise and never deliver - which is 100% the case here with TPAC.
It goes like this: <seller>"We can get you bearings 25% cheaper, quicker and as good quality as you currently source"
<buyer> "Prove it. Here's the PO".
That's the same sales strategy for timeshares, not a good one for TPAC.
Right, because Vegas casino biz is going broke. LOL.
Why do you say? Because CEO Bill said?
Like when CEO Bill said there were no more conversions a few weeks ago, then 2 more conversions happened "in order to avoid a lawsuit"?
Printing on the ask makes you think it's 'buying'. What you are ignoring is:
1. All that 'support' on 5 is fake. If it were real, it'd get off 5, slap and bust through 6 with a vengeance.
2. 6s continue to get re-loaded. Its a classic bait and re-load scheme. MMs control the ask and keep it 'thin' so retail thinks it's a buy opp. Bait & re-load my friends.