Replies to post #75363 on Trans-Pacific Aerospace Company Inc. (fka TPAC)

[Peggy]

Market cap is a joke because TPAC as a company is a joke.

[spudsuds]

The 10k says $13,705 in total assets and the 10Q says $9400 Bill must have pawned some assets off. Not really surprised though because several inconsistencies between the 2 filings

Liquidity and Capital Resources



As of October 31, 2015, we had total assets of $13,705 and a working capital deficit of $401,796.

From the 10Q:

Fiscal year 2016:

During the three months ended January 31, 2016, 692,943,784 shares of common stock were retired and converted to 694 shares of convertible preferred stock. In addition, 200,000,000 shares were retired and cancelled.

From the 10K:

Quote:In January 2016, 892,943,784 shares of common stock were retired and converted to 894 shares of convertible preferred stock.