I don't think I agree... the only "evidence" against a connection is a speculative interpretation of the Super T's current registration document.
The "evidence" for a connection are provided through at least two 8-K disclosures that are grounds for fraud if found to be misleading or false. TADF clearly claims at least some level of "ownership" in a 7/27/2012 8-K as shown below, and If the following 2011 "Material agreement" disclosure had in fact subsequently ended, it should be viewed as enough of a material event for TADF, that TADF would have needed to disclose that "material change" once it happened.
It is that we can't be certain because of the absence of verifiable information that bloats the speculations, and adds to our frustrations of being left in the dark to second guess the truth.
The best we can do now, is to again press management hard for the past due financial reports as a group.
Press Release; (bold for emphasis)
On July 27, 2012, the Company issued a press release entitled “Tactical Air Defense Services’ Super Tucano Aircraft on Contract at Oshkosh Air Show.” A copy of this press release is furnished as an exhibit to this Report.
Entry into a Material Definitive Agreement.
On or about June 2, 2011, Tactical Air Defense Services, Inc., a Nevada corporation (the “Company”) entered into a Letter of Intent (the “LOI”) with Tactical Air Support, Inc., a Nevada corporation (“Tac-Air”) relating to the proposed acquisition (the “Acquisition”) of certain aircraft (the “Aircraft”). A copy of the LOI has been attached to this Form 8-K and incorporated herein by reference in its entirety.
Subject to further Definitive Agreements (as defined in the LOI) and pursuant to the terms of the LOI, in the event the parties are able to complete the Acquisition of the Aircraft, the Aircraft is to be purchased in the name of Tac-Air, with Tac-Air maintaining full control of the Aircraft and responsibility for all associated operational, administrative, maintenance and insurance costs related to the operation of the Aircraft. Subject to further Definitive Agreements and pursuant to the terms of the LOI, Tactical Air Defense Services, Inc. shall be responsible for the acquisition of necessary funding related to the Acquisition and shall receive the right to receive fifty percent (50%) of all future profits derived from the operation, sale, lease or any other use of the Aircraft. Previously, on December 10, 2010, the parties entered into an Agreement and Plan of Merger (the “ Merger ”) related to the proposed merger between the parties. Although the Merger had not closed prior to the termination period and the related agreement has since expired, the parties are currently in non-binding negotiations to finalize the proposed Merger. In the event the parties are able to finalize and close the Merger while the Aircraft continues to be employed under the Definitive Agreements, subject to further agreement between the parties, such Definitive Agreements shall be terminated and the Aircraft shall continue to be employed by the combined entity.
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