Of course he's been retiring common shares by conversion to preferred. It's a solid move by Bill to remove as many shares out of the float as soon as possible. Look what has happened Friday and today. Flippers are totally manipulating the stock pps. Reducing common shares puts more share percentage in the longs hands because the longs are holding and not selling.
Look, the company is just starting production after 4 years of R&D and factory buildout in China. There has been no income. They have $20 million I n debt. The officers have been foregoing their salaries to get this company established. It's in the last 10- report. TPAC is cash strapped. Big time investors would not waste their time with common stock! That's why I had to laugh at one of the posts that said Boeing was buying a billion shares at .042! If Boeing sees an investment opportunity in TPAC they'll receive preferred shares with a conversion date in the future that is much more lucrative when TPAC has uplisted to the NASDAQ.
This is big time stock activity occuring for an aerospace manufacturing company that has uplist written all over it. Many OTC'ers who are used to flipping small stocks for quick profit at the expense of the company's reputation don't understand or can't relate to a company like TPAC because they're used to subpenny companies never going anywhere. So it's confusing and they start doubting everything positive about the company because it just can't be that a company that starts at .0003 could possibly amount to anything.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.