Trans-Pacific Aerospace Company Inc. (fka TPAC)

[Trushift]

What yesterday's PR REALLY says:

side note: Don't you find it disconcerting that there was so much selling pressure in the face of this PR??

1. Notice all the indefinite wordsmithing? "It is the understanding of the company...", "plans to pay off", "the company does not intend to increase...shares..and has no intention of doing a R/S", "no intention of taking on more convertible debt". This is an attorneys way of making it seem like truth, but having a scapegoat in the wording when it doesn't actually happen. Just like his announcement in 2010 that they would be in commercial production in late 2010 or early 2011. Hey Bill, your pants are on fire!

2. Bill has said previously via tweet that no insider has ever sold any shares. Today's PR says: they've never "sold UNRESTRICTED shares". They have been dumping restricted to their hearts content to the tune of Millions $$.

3. They are remodeling the facility but are immediately ready for full scale production. LOL. So is the facility bigger than you need? A bunch of wasted space? The pics he tweeted were of an abandoned dilapidated building with nothing in it.

4. TPAC "currently has in excess of 1,000 approved parts". Funny. The QPL only shows TPAC has 13 parts. Maybe there is another Navair in a different government that has approved the other 987 parts?? I've mentioned this to Bill and he has yet to prove that he has more than 13. His response is that the QPL database is inaccurate and it's too difficult for him to correct. Weird thing is, one of his competitors has over 3700 parts listed. Here, look for yourself.

http://qpldocs.dla.mil/search/mfg_parts.aspx?qpl=2354¶m=TRANS-PACIFIC%20AEROSPACE%20COMPANY,%20INC.&type=128

Quote:
All convertible notes that were the subject of conversions through June, 2015 (“Notes”), including but not limited to all 2014 Notes in favor of Asher Enterprises/KBM Worldwide, have either been converted or repaid. It is the understanding of the Company that holders of shares relating to the Notes have sold those shares into the marketplace. The Company has one remaining outstanding convertible note due in August, 2015 and plans to pay off that note prior to conversion. The Company has the right to repay this Note.

The Company does not intend to increase the number of authorized shares of the Company and has no intention of doing a reverse split of the shares of the Company, unless such a reverse split would lead to a listing on Nasdaq. Additionally, the Company has no intention of taking on any more convertible debt at this time or in the future. Since at least 2011, neither the Company, nor any of its current directors, nor their respective spouses nor their children have ever sold unrestricted shares into the market.

The Company is in the process of remodeling its assembly facility, but is still presently ready for full scale production. Any renovation would not affect the delivery of products. Later in 2015 the Company anticipates attempting to qualify under SAE-AS81820 Type A, requiring performance for 100,000 cycles. Should the Company pass this qualification test, to the knowledge of the Company, it will be one of only three companies approved to this standard.

The Company uses the Social Media site Twitter to post information regarding the Company. The Twitter account is @tpacbearings. Additionally, the Company has information regarding the Company, including an updated Business Plan, on its web site, www.tpacbearings.com. The Company posts periodic updates on that web site.

TPAC uses its proprietary aerospace bearing technologies at its facility in China to manufacture and sell component parts for both new commercial and general aviation aircraft and for spares for the existing commercial fleet. The component parts are referred to as self-lubricating spherical bearings and they help with several flight-critical tasks, including aircraft flight controls and landing gears. TPAC is the first and only manufacturer in China to qualify under SAE-AS81820 and 81934 and currently has in excess of 1,000 approved parts.