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reader3

08/02/15 8:28 PM

#41120 RE: DuoVladimir #41119

Listen to the conference call from June 10, and read Bill's tweets back through June. Two companies with total annual revenue of 27 - 30 million have asked TPAC to purchase them, one in China and one in the US. We don't know what they do but it sounds like there are solid reasons to partner up. The potential acquisitions are willing to carry TPAC debt. Bill started talking to i-bankers about funding the acquisitions in June. No news since. The rough time frame tossed out in June was 3 - 4 months. Bill has written a couple of irritated tweets to people who were begging for updates in which he basically said 'this stuff doesn't happen overnight.'

If acquisitions go through 'in a perfect world' TPAC is hoping to allocate roughly 2 million to stock buybacks.