Triangle Pete Corp. (fka TPLMQ)

[LouisDesyjr]

Future operations

I think the big problem is that it looks like they have no revenue. It also looks like there is no land for development. Without any revenue the tax benefits will not have any taxable income to be of use against.

I can't see any reason why the convertible bonds would not move to take over the company now and recover about one third of what they are owned, instead of watching what asset are left be spent on administration every quarter while the company racks up more interest that will never get paid.

While I may be missing something here, I just can see how the company 'climbs out of hole' of being negative $100+ million, and no revenue.

Louis J. Desy Jr.