Comments on Richard Bendis video
Richard Bendis answered the question why he decided to take on tpid. He recognized the opportunity and the foundation that Mackay and Cimino developed in China over the past two years. He has a strong belief that tpid Beijing and tpid U.S. can be the global leader in authentification and anti-counterfeit technology as well as other government uses such as anti-terrorism. He is excited about the size of the Chinese market and believes that we have the world class technology and foundation in place to capture a large part of the Chinese market for anti-counterfeiting and authentification.
He talks about John Voeller and their 25 year relationship. He has faith in John and his ability. John is recognized as one of the leading resources of technology and innovation throughout the world. With his connections to the White house office of science and technology and the person the White House goes to for policy advice, in my opinion he will be able to get large U.S. corporations on board to use this technology. Think about it, Nike, Phillip Morris, Proctor and Gamble, Limited Brands, Microsoft, large software manufacturers, the entertainment industry etc. After all our large fortune 100 and 500 companies loose money to the tune of billions of dollars due to counterfeit products, our government is out billions of dollars in tax revenue as a result of counterfeit products, not to mention the safety and health hazards related to shoddy products.
He said they have hired one of the big 4 accounting firms recently, in my opinion that is why he stated that the fiscal year will begin on July 1st. In my opinion the company they have selected probably suggested that tpid start new with them by changing the fiscal year to July 1st. So between now and next week, I expect a press release disclosing the name of the firm and hopefully something about the new accounting firm working with the parent company SSTY to bring their filings current and up list to the otcbb.
There would be no reason to hire a big 4 accounting firm if there were no revenues for tpid.
Two years of hard work will start paying off in the first quarter. Like Mackay said in the last video, they are now ready to deliver on the Brand 315 contracts.
Mr. Bendis refers to TPID as a threshold company, meaning a start up technology company that now has a product that can be marketed worldwide. To me this is the sole reason why he left his post at Innovation Philadelphia and decided to take on TPID, he sees the potential to take this company and make it a yes “blue chip company” with huge revenues.
This part sums up his feelings and the main reason he decided to take on the position of ceo:
What excites me about the opportunity is we are dealing with the largest evolving market in the world, which is China, where we have the greatest challenge in counterfeiting, and we have assembled a world class Chinese operation throughout the country who we think will be able to capture the leading market share in product authentification and anti-counterfeiting of anybody who has attempted to enter this challenging market.
To sum it up Bendis, Voeller, Young, Kaufenberger and Miller will put all the pieces together. All the hard work that Cimino and Mackay did in the past 2 years has been handed to these individuals who have the ability and the connections to market this technology worldwide.
This comment about Voeller says a lot. He is a great compliment to the tpid team to take us to the next generation technologies were going to need to maintain our leadership position within this industry.
To me this statement says that there is a huge market for this technology worldwide and there are other companies trying to get a piece of the action. If there were not other companies out there trying to get a piece of the action then I would not be interested in this stock, the fact that there are other companies and we now have a 2 year head start on most of the competition in China and of course we have a new management team including John Voeller who will help set us apart from the rest with the development of the new generation technologies in order to maintain our leadership position in the industry. John Voeller compliments the team with his connections with the White House and as a leader in the world if technology and innovation especially when it comes to Homeland Security, piracy and anti-counterfeiting. I don’t think Bendis could have found another individual in the world who has the right credentials and the knowledge for this technology.
J.T. Kaufenberger has been with tpid Beijing since its inception back in early 2005. He has been there to help accomplish all of the successful demonstrations, agreements with Brand 315 and the Consumer Journal, Hang technology and the contracts that we as shareholders currently know about. J.T. along with Richard Miller will be the ones to bring in many large contracts from the 600 member companies of Brand 315 network. My guess is that there are more contracts in the works that we just don’t know about yet, in the first quarter of our new fiscal year we will no doubt find out about these contracts and in my opinion they will be huge.
Richard Bendis has worked with the Chinese government and its key Ministries. He has the diplomatic skills to show the government of China how s-dna technology can not only become the standard in China but also will help China in their compliance with the WTO and their concern about the rampant counterfeiting that exists in China today. Bendis has the ability to work with China and U.S. Governments representatives to accomplish this goal.
This statement says a lot:
I’ve seen 70 dedicated, knowledgeable employees working for tpid Beijing who are committed who are committed to making this technology with tpid the national standard in China, and I believe a strong foundation has been built with the additional resources and tools that were going to give them in financing and upgraded technology plus enhanced intellectual property protection. I believe that we are now poised to be the leader within China and that will be our doorstep to the rest of the world.
What did Rich mean when he said “with the additional tools that were going to give them in financing and upgraded technology plus enhanced intellectual property protection” First of all Rich is a Venture Capitalist, he knows how to raise funds for huge projects, could he be talking about institutional financing? Since tpid only has 50 million outstanding shares and in previous press releases the company stated that they would not be a need to fund the operations through the sale of stock, this to me means that Rich will be able to get conventional bank financing for the company’s expansion. When he talks about enhanced intellectual property protection, I think he is talking about the recent statement that they have hired one of China’s top IPR Law Firms.
Finally this paragraph tells us as shareholders what we can expect in the first quarter and further into 2007. We will start generating revenues. This is the beginning of the launch, in my opinion by the end of this year we will have huge contracts in China and other countries including the U.S. and Europe will be knocking at our doors. In 2007 we will start to see revenues coming in worldwide.
The bottom line is share price, in my opinion ssty should be worth .015 today. With an up listing we could go to .05 without any huge contracts, with huge contracts .20 to .50 cents. TPID is trading at a fair price today, between now and July 1st, I expect it to go back up to .40 to .50 cents. After more contracts have been signed, I expect tpid to reach $1.00 to $3.00 and by the end of 2007 and going into 2008 providing that Rich accomplishes what he stated about making our technology a worldwide standard, with a low float, we could see upwards of $20.00 to $50.00 per share in the next two years.
These are my opinions and you should not base your investment decisions on them, please do your own DD.
