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Apparently Bill didnt get that memo. LOL What a lying sack of shit this guy is.
Oh that internal reason he mentioned. It was "irregular and not in full compliance with requisite corporate law"
TPAC Bearings ?@TPACbearings 15 Dec 2016
@Yes. The purpose wasn't to increase AS. We'd have done it anyway for cost savings and for an internal reason we won't discuss
TPAC Bearings ?@TPACbearings 15 Dec 2016
@ Our plan throughout 2017 is to substantially reduce the number of outstanding shares through buybacks.
TPAC Bearings ?@TPACbearings 15 Dec 2016
@ We didn't request an increase in AS. It is the law in Wyoming. We moved from Nevada to save close to $10,000 annually in fees.
The Board of Directors believes fixing the
authorized number of shares of common stock to
an unlimited amount of shares of common stock
is advisable and in the best interests of the
Corporation and our shareholders.
The increase will provide the Corporation with flexibility in
completing financing and capital raising
transactions, which may be necessary for it to
execute its future business plans.
Since 2014, the company has increased its authorized capital stock on three separate occasions: (i) on September 11, 2014 to 500 million shares; (ii) on February 23, 2015 to 750 million shares and (iii) on June 17, 2015 to 4.5 billion shares. The documentation and procedures surrounding these increases in authorized stock appear to have been irregular and not in full compliance with requisite corporate law, specifically being that in each instance, the Company failed to document whether the requisite amendments to its Articles of Amendment for each such increase were duly authorized and to file such Articles of Amendment for each such increase with the Nevada Secretary of State (the Company incorrectly filed Certificates of Change to denote each such increase). These corporate irregularities described above are collectively referred to in this document as "Corporate Matters." Included among the following are all of the known instances of material non-compliance. TPAC-NV had been operating with the understanding that its prior increases in authorized capital, were effected in full compliance with the applicable laws of Nevada. The Company believes the reincorporation to Wyoming can cure these irregularities. The Articles of Incorporation for TPAC-WY will have authority to issue an unlimited number of shares of common stock and has been property approved by shareholder action and will therefore allow for issuance of a sufficient number of shares to TPAC-WY for all current outstanding shares of TPAC-NV irrespective of whether any such shares were issued while TPAC-NV had not properly complied with Nevada corporate law in effectuating the prior increases. Further, each shareholder of TPAC-NV will have dissenters rights, as discussed below thereby allowing any such shareholders to receive fair value of their shares in the event they no longer desire to hold common stock due to the corporate irregularities described herein or otherwise.
120 million on the ask at .0001 and 1 billion on the ask at .0002 with no bid. Looking good GVSI LMAO
Wasnt the MRVB designed to support TPAC share price? They pumped the thing as a support vehicle to maintain the stock price. The pps was .0009 and now it .0006 teetering on .0005. Where is the MRVB support?
But then again when your dumping shares you wouldnt want to be the one catching them. Never mind I just answered my own question.
At this rate TPAC will close red today
Bill and Muse need to get their stories straight LMAO Both tweets from today
TPACmuse
?@TPACmuse
TPAC will use its own financing vehicle's to minimize the Ex IM Bank process. Less debt to the company in the new year. FR comments
TPAC Bearings
?@TPACbearings
EXIM would play into the first China deal by funding machinery & equipment acquisitions. We've had multiple favorable discussions with EXIM
Bill's pumps not working so Muse is taking over LOL
TPACmuse ?@TPACmuse 20s20 seconds ago
Just N: Series C MRVB releases its inventory pushing its value up. Great TPAC Day
TPACmuse ?@TPACmuse 4m4 minutes ago
Just N: TPAC LOI NWE, released. Make sure you check it out. Boeing & BTL on the same page
Yep that Wyoming printing press is working great for Bill. Unlimited opportunities to dilute. Keep that baby hummin
Bill is pumping away on Twitter but saying nothing. He needs to add a Forward Looking Statement Disclaimer to his tweets.
TPAC Bearings ?@TPACbearings 30m30 minutes ago
I go to China on Sunday. I'll try to close one deal prior to Spring Festival. It doesn't give me much time but I'll stay until it's done.
TPAC Bearings ?@TPACbearings 32m32 minutes ago
Thanks to the longs for hanging in there. To the pot stirrers, I have no patience this year. So the plan is to keep it positive
TPAC Bearings ?@TPACbearings 37m37 minutes ago
Additionally we want to make a number of strategic acquisitions in North America to consolidate, improve efficiencies & boost total revenue
TPAC Bearings ?@TPACbearings 39m39 minutes ago
Long term plan is to make deals in China and consolidate the companies. Boeing's mentioned this. We'll liaise with Boeing & China groups
TPAC Bearings ?@TPACbearings 43m43 minutes ago
EXIM would play into the first China deal by funding machinery & equipment acquisitions. We've had multiple favorable discussions with EXIM
TPAC Bearings ?@TPACbearings 45m45 minutes ago
One of the China deals should be fairly easy to conclude. It's one we've been working on for a year. The other target may take time
TPAC Bearings ?@TPACbearings 46m46 minutes ago
But we want to get this buttoned down before we go after other acquisition targets. We also have our sights on two targets in China.
TPAC Bearings ?@TPACbearings 47m47 minutes ago
If we can close this, we anticipate it as a platform for other acquisitions. We've already been contacted by other groups in that regard.
TPAC Bearings ?@TPACbearings 49m49 minutes ago
The folks we are working with are well known to us and very friendly. We anticipate smooth DD. We stayed in contact with them all year
TPAC Bearings ?@TPACbearings 22h22 hours ago
I leave for China on Sunday to work on EIA, the move and further cultivating the BTL relationship. We will also continue efforts with AVIC
A new failed pump attempt to add to the list.
Bill to release latest scam shortly.
BOEING = FAIL
BUYBACK = FAIL
BTL = FAIL
EIA = FAIL
Series C Promissory Note = FAIL
AVIC = FAIL
Projen = FAIL
NAVAIR = FAIL
EX-IM Bank = FAIL
Godfrey = FAIL
Timken = FAIL "FRAUD"
LA/SLA = FAIL
Australian Government Contract = FAIL
US Defense Contract = FAIL
Financial Advisor = FAIL
Reconstruction = FAIL
.01 EOY 2016
BOEING Supplier Financier = FAIL
MRVB = FAIL
TPACMuse = FAIL
NAACO = FAIL
VNDM dumping away. Unlimited A/S here folks.
There will not be a run here like last year. The O/S is 4.5 billion and growing. Last run the O/S was 1.9 billion
Just read the PR and started laughing. Not only is it just a LOI but why would Bill even mention it if non-disclosure/due diligence phase and therefore we will not disclose the true name of NAACO.
This will turn out to be another Timken.
SAN MARINO, Calif., Jan. 11, 2017 /PRNewswire/ -- Trans-Pacific Aerospace Company, Inc. ("TPAC" or "Company") (OTC-PINK: TPAC), announces that it has recently signed a letter of intent with a well-known North American Aerospace manufacturing company ("NAACO"), through which TPAC will acquire a meaningful ownership interest in NAACO. NAACO produces products for most major prime contractors including Boeing, Lockheed Martin and Northrop Grumman. Boeing business accounts for approximately 20% of NAACO annual revenue. Presently, NAACO has annual revenue of $12 million, with a backlog to support $15 million annually and projections to do $20 million annually by 2018.
Bill McKay, CEO of TPAC stated: "We have been in discussions with NAACO for more than one year and our efforts are paying off. We are in the non-disclosure/due diligence phase and therefore we will not disclose the true name of NAACO. NAACO has an excellent reputation and management team. We are confident that by working together with NAACO and cultivating our connections in the aerospace industry, we can greatly assist NAACO in expanding its revenue through additional contracts. We are optimistic that in the future there will be an opportunity to increase our ownership percentage in NAACO and to produce bearings at their US facility. We believe that our combined synergies will greatly enhance future opportunities for both companies. We also foresee an opportunity to sub-contract work to our partners in China. This as a great start to 2017 and we anticipate closing the transaction during the first half of 2017, subject to due diligence."
Forward-Looking Statements
This press release contains or incorporates by reference "forward-looking statements" including certain information with respect to plans and strategies of TPAC. Any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes," "suggests," "anticipates," "plans," "expects," and similar expressions are intended to identify forward-looking statements. There are a number of events or actual results of TPAC operations that could differ materially from those indicated by such forward looking statements.
SOURCE Trans-Pacific Aerospace Company, Inc.
You would think that TPAC and its Muse would realize by now that the empty tweets and fluff PR's wont work anymore. Its not dumb shareholders, its dumb Bill and IR. They have lost all credibility and without documented verifiable facts the price will not move up.
Tweeting crap like this sure isnt going to do anything for TPAC investors. TPAC needs results not fluff
TPACmuse ?@TPACmuse 2h2 hours ago
Just N: CEO says talks with Boeing Source Vendor, Goes well. Also thinks it may spur work for BTL
TPACmuse ?@TPACmuse 2h2 hours ago
Just N:President Elect speaks 2day. CEO is waiting to hear info on defense spending. believes Trump will open door to more bearing business
TPACmuse ?@TPACmuse 2h2 hours ago
Just N; TPAC Share holders CEO says he will be releasing an announcements in the coming days in the form of a NWE,
They are out of time for patience. It doesnt take 9 months to do a name change. If they dont get the NVSOS paid pronto they wont be trading anymore, they will be delisted.
Court ordered to pay cd holders with shares but not enough volume to dump the shares needed. There must be a billion shares at .0002 now.
Thats unfortunate since .0003's are on the way. Never could understand why one would average down in these scams. But then again I dont buy into these scams like TPAC in the first place.
I got some .0004's yum yum yum yum:)
Bill just all but admitted there is no BTL SLA/LA
Just a bunch of empty tweets. Nothing new
TPAC Bearings
?@TPACbearings
I leave for China on Sunday to work on EIA, the move and further cultivating the BTL relationship. We will also continue efforts with AVIC
Exactly.. This looks like the Timken disaster all over again
TPAC Bearings
?@TPACbearings
It's a fairly significant event, with significant aerospace players. Eventually things come around. Good start to 2017 with more to come.
TPAC Bearings
?@TPACbearings
Some things take more time than you'd expect. We'll be releasing a PR shortly regarding a deal we've been working on for over a year.
A NWE of deal structure will do nothing for the PPS. Bill has screwed shareholders over so many times that without an 8k of actual revenue nobody is going to believe anything he says.
TPACmuse
?@TPACmuse
Just N: CEO Bill McKay will be releasing A NWE, based on a deal structure that includes work for Boeing, BTL
Bearings and a few other parts.
Muse keeps a pumpin away but nothin happening. Its hilarious.
Hey I thought the deal structure for BTL was already know. 13.5 million a year for 10 years.
Guess that deal must of fell through
This couldnt be another pump to dump the rest of the shares available in NV could it? Hummm VNDM is on the ASK and Wyoming takes over soon.
TPACmuse
?@TPACmuse
Just N: CEO Bill McKay will be releasing A NWE, based on a deal structure that includes work for Boeing, BTL
Bearings and a few other parts.
Yes its hilarious. TPAC pumps BS and the market already knows its not true. LMAO
TPAC / Bill fired up the BS machine again on Twitter.
Big things coming SOON. LMAO
That NWE is only 9 months late.
Wonder what comes first. The Bogus NWE or .0003's
TPACmuse
?@TPACmuse
Just N: News Worthy Event is due out soon. CEO Bill McKay says Very soon. wants to get in line with TRUMP Taking office.
TPACmuse
?@TPACmuse
CEO says Boeing Bearings & BTL are much alive. Look out for the NWE
Did we just declare war or something? Bring on the $4.00
Add some hops to that shipment and they can make TPAC beer. LOL
Of course it was just another pump attempt, but as you can see it failed miserable.
Whatever happened to TPAC's claimed contracts to ship sugar? (And oil and barley and....)
Sure thing. LMAO just like the $20 grand at opening bell. I was right it was a typo. Should have read 20,ooo shares at opening bell for $10.00 worth of worthless TPAC shares. HA HA HA.
ozzz Saturday, 01/07/17 07:43:52 PM
Re: THall post# 98854
Post # of 98995
20,000 thousand dollars at opening bell Monday:
GVSI is officially DEAD. Delisting coming....
Must be a Reverse Split coming.
My broker showing me the market value of TPAC is .075 ??
Any idea ?
SS Update !!
A/S 4,500,000,000 Changes to unlimited January 30th 2017
O/S 4,472,900,000
Float 4,470,400,000
If TPAC ever plans on moving the pps up now is the time. The float is locked and after January 30th this POS will never move again.
Dont forget the 10k is due the end of this month. It will show all the shares that has been dumped by TPAC. It will also show that TPAC has 0 revenue and everything they have been claiming is nothing but a lie.
Good thats $23 million that goes back to shareholders who were scammed by this fraud. AWESOME!!!
Omg!! The payback is true!!!!
TPAC finally going to payback all the shareholders they have scammed over the last 8 years?
Omg!! The payback is true!!!!
LMAO the only way this POS could ever raise money is thru the sale of its worthless stock. Now they are going to pretend to actually have enough to lend other companies.
They were just begging shareholders to buy unregistered promissory notes a week ago and now they have the millions needed to start a hedge fund. LMMFAO
Thats the funniest bunch of TPAC bullshit yet.
No that would be hearsay or just an opinion. No proof what so ever.
There is however proof that the O/S is 4.5 billion and the A/S unlimited in the latest Pre 14c filing
$TPAC$ now holds 22% of the entire SS in the MRVB PRIME ACCOUNT. Buyback confirmed!! that's a fact jack!! This is news....this is....REALITY!
Looks like they are going to let this ticker go dark. Grey Market next step for GVSI
Nope!! O/S 4.5 billion A/S Unlimited.
Sorry but no filings have been issued for a share reduction so that statement in not true. T/A must be notified to remove shares.
TPAC float down to 3.5B - headin' in the right direction.
Would it matter? TPAC PR's are all lies and promotional materials. TPAC has pumped all life right out of this ticker. Now they are in hiding
Dated December 12, 2016. Anything current?
Looks like the Promo over the weekend was a major FAIL.
TPAC should really tank once that 10k comes out and no revenue or share reduction is listed on it. Just massive dilution
LMAO 560k at opening bell for a staggering $280.00. $20 grand HA HA HA
This POS isnt worth buying at .0001 let alone .0005.
Good choice not to throw money out the window on TPAC
20,000 thousand dollars at opening bell Monday:
Nonsense, TPAC is a known pump and dump. Over 2.5 billion shares dumped in the last 9 months alone. Here is a list of pump attempts made. NONE of them materialized into anything for shareholders but TPAC insiders made out large.
Bill to release latest scam shortly.
BOEING = FAIL
BUYBACK = FAIL
BTL = FAIL
EIA = FAIL
Series C Promissory Note = FAIL
AVIC = FAIL
Projen = FAIL
NAVAIR = FAIL
EX-IM Bank = FAIL
Godfrey = FAIL
Timken = FAIL "FRAUD"
LA/SLA = FAIL
Australian Government Contract = FAIL
US Defense Contract = FAIL
Financial Advisor = FAIL
Reconstruction = FAIL
BOEING Supplier Financier = FAIL
MRVB = FAIL
TPACMuse = FAIL
Im sure Ive missed some more of his failures. Feel free to add to the list
I'm not aware of any pump n dump scheme??
10q is 3 months away. Still plenty of time to get .0001's. No need to overpay for this POS.
Nope, just another bogus LOI like BTL and Australia pump. Neither of those were real and neither is this latest pump attempt.
Bill can claim to have 100 LOI's and the pps will not change. Everyone is aware this is nothing more than a pump and dump ticker.
Something in the works with BOEING..........?
TPACmuse ?@TPACmuse Jan 6
Just N: New LOI with Boeing Source Vendor.
Yes the 10Q says 109k of un paid revenue from a year ago. Guess they didnt like the crap TPAC sent them. My guess is TPAC never had a PO and Bill made the entire 109k story up.
Bill would pay for a Promo in worthless TPAC shares just like he pays all his bills. So nothing to refund in this case.