Replies to post #180 on Telpac Industries Inc (fka TLPC)

[Penny Loafer]

SR&R sucks

[rarefind]

From the Q report, as far as i saw there was zero cash on the balance sheet and the companys issued stock as payment at .012 cents a share.My guess that were it should be trading......strong sell very over valued...imo...rareF

For the year ended December 31, 2010 the Company issued 16,000 common shares for services rendered to the
Company. The Company recorded an expense of $192 for the issuance of shares for services with a
corresponding contribution of paid-in-capital. The shares were valued at $.012 fair market value.
For the year ended December 31, 2011 the Company issued 7,870,000 common shares for services rendered to
the Company. The Company recorded an expense of $94,440 for the issuance of shares for services with a
corresponding contribution of paid-in-capital. The shares were valued at $.012 fair market value.