Replies to post #96446 on Trans-Pacific Aerospace Company Inc. (fka TPAC)

[THall]

TPAC not buy shares til .0003. Why this order not on L2? MRVB still in demo mode? TPAC pull blanket over eyes?

[Peggy]

Something else TPAC will never execute.

[02opida]

Item 8.01: Repurchase and De-Authorization of Common and Preferred Shares of the Company

[VeronicaFox]

Excerpts from TheOtc Today:

Promotions 101 - Anatomy Of A Pump & Dump

- CANCELLATION OF SHARES AND BUYBACK PROGRAMS
For some reason, dupes consider the announcement of a cancellation of shares or share buyback programs to be signs of authenticity of the insiders' intentions.  Insiders will announce these programs part and parcel with a pump and dump scheme....

...Share buyback programs are usually announced with caveats such, "at the discretion of the board" and "from time to time", meaning they might buy stock when they want, at the price they want and as many shares as they feel like.   There has yet to be a significant buyback program carried out on the penny stock market.

NOTICE THE SAME PHRASES USED IN TPAC'S 8-K:

Trans-Pacific Aerospace Company, Inc. establishing a stock repurchase plan under which up to 75% of TPAC’s outstanding common stock shall be repurchased over a period of up to 36 months. Shares may be repurchased from time-to-time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws, including Rule 10b5-1 programs. The actual timing, number and value of shares repurchased will be determined by TPAC’s management team and will depend on a number of factors, including the market price of TPAC’s common stock, general market and economic conditions and other corporate considerations. Once repurchased, the shares will be retired from the outstanding shares and the number of authorized shares will be reduced. TPAC also intends to reduce or eliminate the number of Series A preferred shares, through repurchase and retirement.
 
Payment for shares repurchased under the program will be funded using profits from its regenerative source (the company's Master Regenerative Virtual Bank investment tool, an Alternative Financial Solution) and from profits derived from the sale of aerospace and other machined metal parts, export/import transactions, services agreements and financing and other transactions.