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Only a year late and a change of direction. More surprises to come this year I'm sure. Some think good, some bad. The reality will unfold in 2017 for all to see!
"Once in China, I should be able to expedite a number of multi-million dollar contracts, including agreements for crude oil, gold, food products and machine tools, thereby substantially increasing our revenue stream. We are seeing a steady increase in potential contracts coming out of China. Additionally, with the new U.S. Administration, we expect growth in Defense spending, which will lead to increased demands for bearings. Bearings are not subject to "Buy American" provisions, so we anticipate competing in this market."
- excerpt from TPAC CEO McKay on November, 16 2016.
HAPPY NEW YEAR TPAC SHAREHOLDERS. Looking forward to the 2017 BUYBACK and NEWS regarding progress with BOEING, BTL and AVIC.
One more trading day and tax loss selling day in 2016, then looking forward to some TPAC NEWS on BOEING, AVIC, BTL and the 2017 BUYBACK!
Substantial BUYBACK in 2017! Wow should be interesting....
TPAC Bearings ?@TPACbearings Dec 15
@CountryMac1 Our plan throughout 2017 is to substantially reduce the number of outstanding shares through buybacks.
Apparently TPAC Will provide financing to BOEING suppliers. Very interesting turn of events....
From Twitter (12/22/16): CEO meets Boeing supplier to hammer out an agreement. CEO place TPAC in the role of a financier. Boeing vendors need working capital
Apparently Trump wants BOEING to price some more F18s. Is that good for TPAC Bearings?
2016 Tax Loss Selling time and/or 2017 Turnaround Buying time?
I'm looking at both options with this turn of events.
Interesting....Item 8.01: Repurchase and De-Authorization of Common and Preferred Shares of the Company
Trans-Pacific Aerospace Company, Inc. establishing a stock repurchase plan under which up to 75% of TPAC’s outstanding common stock shall be repurchased over a period of up to 36 months. Shares may be repurchased from time-to-time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws, including Rule 10b5-1 programs. The actual timing, number and value of shares repurchased will be determined by TPAC’s management team and will depend on a number of factors, including the market price of TPAC’s common stock, general market and economic conditions and other corporate considerations. Once repurchased, the shares will be retired from the outstanding shares and the number of authorized shares will be reduced. TPAC also intends to reduce or eliminate the number of Series A preferred shares, through repurchase and retirement.
Payment for shares repurchased under the program will be funded using profits from its regenerative source (the company's Master Regenerative Virtual Bank investment tool, an Alternative Financial Solution) and from profits derived from the sale of aerospace and other machined metal parts, export/import transactions, services agreements and financing and other transactions.
And produce bearings for BOEING, AVIC and COMAC!
TPAC making good progress...$10M Loan approval, multiple incoming RFQs, etc. Getting ready for a nice ride with some turbulence along the way!
WOWIO listed as Partner of AKYUMEN who is launching new phones and tablets on Sept. 1 2016.
https://www.akyumen.com/akyumen/#partners
TPAC's Q3 and Q4 are where the rubber meets the road...the past 5 years of development are about to launch in China (BLT, AVIC), Australia (TPAC Australia) and in the US (BOEING).
Hold on to your seats...there may be some turbulence on the way up!
Compared to last summer (2015) TPAC has made more progress in the US (BOEING), China (BTL and AVIC) and Australia (NAVY).
This has been a slow process (several years) getting to where they are now. Even though there remains uncertainty, I believe there will be a much clearer picture within 3-6 months. For some that is eternity, but for me a short time to wait.
I've only followed TPAC since 2015 so have seen the uptick and now the downtick. I'm loading a few more shares during this downturn.
$5.9 Trillion in Airplanes forecasted over next 20 years per BOEING. Appears to be an endless need for bearings so TPAC is the right market!
http://boeing.mediaroom.com/2016-07-11-Boeing-Forecasts-Demand-for-39-620-New-Airplanes-Valued-at-5-9-Trillion
This TPAC board is very active today...can't wait for Monday.
Looking forward to more updates re: BOEING, AVIC, CHINA, AUSTRALIA, IM-EX Loan, China Loan, and so on.
$100-200M in Quotes possible in July.
$5-8M in Revenue.
As McKay said in late 2015, 2016 is the pivotal year for TPAC to become an international bearing supplier.
Might be, we'll find out soon!
They are! Just taking longer than expected as you can attest to!
I re-read the reconstruction timeline and it is 45-90 "business days" so that is why it is a few weeks (vs. 4 more days). It was 40 days as of June 30. Gives plenty of time to BUY more cheap shares.
GL
I have 3-6 months to find out! I'll give you all of your doubts for now, but we'll know in the next 3-6 months.
TPAC is in the final stages of getting in with BOEING, AVIC, COMAC, etc. so 3-6 more months is worth the wait.
The Reconstruction Business Plan (2016-2018) will also be out within the next few weeks so that will be of interest as well.
"TPAC meets qualification of exporter for China's Sovereign Guarantee Loan Program; can expedite services of BTL SLA & realize revenue 2016." -recent excerpt from the Muse
Check the timeline info in my posts below...looks like TPAC is launching full steam ahead in Q3-Q4 and beyond. The Reconstruction Business Timeline for 2016-2018 will we out in a few weeks.
TPAC Bearings @TPACbearings Jul 13 Quotes are picking up significantly. Well into 8 figures & we expect to break $100 million this month. May exceed $200 million for July.
TPAC Bearings @TPACbearings Jul 13 Capture rate will be less than quotes, but quotes signify significant interest in TPAC, particularly in Australasia and North America.
"TPAC Australia provides TPAC USA direct quotes…sales numbers could exceed $5-8M annually…starting late 2016." (excerpt from the Muse)
"The reconstruction plan includes means to increase the stock price. Reconstruction is still in progress." (excerpt from the Muse)
TPAC 'bout to awaken from the dead....Don't forget that "TPAC remains in reconstruction. The business time line will be out within 40 days or less [from June 30]. This will be new forward guidance"...."from 2016-2018" (excerpts from the Muse)
The BOEING Supplier needs should keep TPAC busy for years to come. Anticipating an update on the BOEING-TPAC Supplier relationships soon.
BOEING'S increasing presence in China bodes well for TPAC in China. Looking forward to more BOEING/TPAC NEWS in the near future.
http://boeing.mediaroom.com/2016-05-31-Boeing-Names-John-Bruns-as-President-Boeing-China
TPAC Reconstruction Efforts..............
BACKGROUND
TPAC has had its hands full with stabilization of its manufacturing, pricing points and market share in the bearing business.
Mr. McKay reassessed TPACs operations and concluded an overhaul was overdue. Given the demands of his current Board of Directors, Mr. McKay has contracted a group of professionals in Business Development, Finance, and Investors Relations to analyze current operations, recommend new business and financial resource avenues and communicate these changes to shareholders.
TPAC is under reconstruction with efforts to stabilize holdings, manufacturing operations, and stock price.
45-90 DAYS
45-90 days is the time allotted to analyze TPACs structure while implementing new strategies, bring new business and financial structures online and introduce policies and procedures that coincide with these developments. The current status is that revenue flows are being determined and at the end of 90 days, a solidified outlook of where it will come from will be noted on the timeline. The plan is still being developed however things are going into effect now as we have updated.
Instead of waiting until after the analysis is complete, the new team made a decision to disclose as much information as possible to shareholders. As significant moves develop or are realized, IR will post.
What happens after 90 days? A timeline outlining TPACs current operational path will be distributed; most items will be already known to shareholders from the IR updates.
THE PLAN
There are four base areas that the reconstruction is built upon: (1) Management, (2) Business Development, (3) Operations, and (4) Finance.
Management is the entire team; CEO Bill McKay, current TPAC Board of Directors and the newly contracted IR, Business Development and FR groups. Due to the demands of the current Board of Directors, CEO Bill McKay took action to implement the new teams in order to focus on past business dealings and contacts (Boeing, AVIC etc.).
Business Development’s goal is to expand TPAC sales and manufacturing operations in the most cost effective way. Its focus is new business i.e., TPAC Australia, Southwest Airlines, Bower and other reseller distribution channels.
BDG recognized that TPAC is a haven for the resellers market. These businesses, at present, have the approved scenarios that allow them to resell products to Boeing, Airbus, Bombardier and others.
TPAC can license resellers faster than building new infrastructure -- again no cost outlay just revenue inputs -- and TPAC gets three times the work from all resellers’ customers allowing TPAC to focus on manufacturing output, quality, engineering and sourcing raw materials.
As a business goal, TPAC can consolidate its reseller channel to run more efficient and use it as a premier service platform with a global operational front centralized through a USA Headquarters.
What is Happening in BDG?
•Negotiating Australia Multi-Million Dollar SLA for New Manufacturing Facility
•Completed TPAC Australia Licensing Agreement
•Concluded Supplier Diversity Program Registration with Southwest Airlines
•CEO Bill McKay meets with AVIC this week to submit Bid Package as well as obtain other Bid Packages directly for the C919 build.
Operations’ goal is to determine how to effectively and efficiently manage manufacturing of products. This analysis will look at TPACs current output abilities, as well as its resellers manufacturing abilities. The question here was is it more feasible, given TPACs current capitalization scenario, to continue the acquisition path or direct energy to developing SLAs with established manufacturers looking into gaining additional bearing business market share. At this stage, BDG’s analysis stated the latter.
What is Happening in Operations?
•CEO Bill McKay is renegotiating ownership of manufacturing facilities for 36 month SLAs
Finance (USA FR) goals are to stabilize TPAC’s financial condition; establish a secondary regenerative system (MRVB) and research additional funding options such as the EX-IM Bank loan and institutional investments for business opportunities set by BDG.
It has been asked when the MRVB will start stabilizing price fluctuations. The MRVB is a customized product, not an off the shelf one. It needs to be configured, tested and then put in production. This is a 30 business day process from the application approval process. To support understanding of the MRVB, USA FR will establish a demo scenario for interested shareholders. Email ir@tpacbearings.com.
In TPACs reconstruction situation, finance is about when revenue is realized – what happens to it then? This will be answered as part of the timeline however it has already been stated, one aspect of realized revenue will be the automatic 20 percent set-aside to boost cash on hand. Revenue offers the ability to keep the stock prices stable and moving in an upward trend.
What is Happening in Finance?
•Upgraded EX-IM Bank loan application for entrance into the USA-China program.
•As of May 18, CEO Bill McKay approves to start the application process for the MRVB.
WHAT’S NEXT?
Reconstruction efforts afford TPAC to have a true foundation which requires patience. News will not be reported every day. It will just not happen fast. Building a solid lasting structure takes time. Finalization of SLAs could take months to price out every component and work out legalese. All that said the full-on positive effects of a life cycle project such as this can take months. Efforts from the reconstruction will still be realized into 2017.
Shareholders will be kept up to date. Meanwhile if there are questions that have not been addressed here or through twitter feeds, email them at ir@tpacbearings.com.
TPAC RECONSTRUCTION PLAN explained.........
http://www.tpacbearings.com/news/tpac-reconstruction-efforts
BOEING sells 100 planes ($11.3B) to VietJet...these planes will require a lot of bearings that can be produced by the TPAC SLAs in China and Australia!
http://boeing.mediaroom.com/news-releases-statements?item=129693
TPAC on deck to hit a home run with BOEING, AVIC and COMAC! Good times ahead.
BOEING Sells 15 Dreamliners (787-9s) valued at $4B to China Eastern Airlines.
http://www.boeing.com/commercial/customers/china-eastern-airlines/cea-787-9-order-04-27-16.page
As we all know, TPAC is on the fast track with BOEING to solidify a Bearing supply chain relationship. Per TPAC IR BOEING is visiting TPAC in China in the coming weeks.
Great Idea....TPAC ANTARCTICA...set up a Mega Bearing Factory!
Yes, just looking for a PR like the recent Australian PR making it official to include the $1M or more licensing fee.
TPAC USA, TPAC AUSTRALIA.....what country is next......
TPAC CHINA?
TPAC INDIA?
TPAC CANADA?
TPAC RUSSIA?
TPAC JAPAN?
TPAC KOREA?
Just international food for thought!
Great hypothesis! We'll know more soon!
TPAC Targets Boeing’s $250 Million Bearings Business Needs
Date : 04/20/2016 @ 11:00AM
More TPAC Updates Monday morning:
Monday, the head of the new BDG will be here to discuss the 100k PO topic and more. Get your questions together. He's going to start the 10/2 business report answering the question that so many have asked about (100k PO).