Some highlights from this morning's CC with James of IR (own notes from what I heard):
No more 24% import tax advantage or savings because of a "Premier" status now between Boeing and TPAC. "James" said TPAC will be the "Main Distributor" or middleman managing the flow between Boeing and all suppliers (inventory going out of China = $160-200M).
Since becoming 'visible' TPAC is inundated with requests for all types of metal work and predominantly for four parts: bearings, rods, bushings and hinges.
BTL has been involved with TPAC since 2011... making part of the bearings' assembly. It made the bearings for the NAVAIR certification.
Raising funds through the USA FR is working on two areas: There's the EX-IM loan and I believe James said the China Sovereign Guaranteed Loan program. He added there's a contract set in stone to provide raw material at a pricing of $7-9M. And as part of that, USA FR is working on "Inventory Financing" whereby a company buys raw inventory from TPAC... and to me sounded like... pays up front. TPAC would rather use the EX-IM at full power to get $85M rather than just $10M with the current political situation. Needed are contracts to be able to get loans and that's what's now being worked on.
James emphasized they will always take out 20% to have as 'cash on hand'
In the past month, Boeing has changed its supply chain business asking suppliers to wait longer for payment ... up to 120 days. James said while others have issues with that, TPAC... with its new infrastructure... can accept that time table.
The new facility is operational and already producing product for the U.S. market. Expecting to produce 2-3M bearings plus other metal work. Should see revenues from production toward end of 2016.
TPAC has created a marketing division that's promoting Trans-Pacific Aerospace across seven continents. BTL is the seller.
Remember, contracts are needed to get loans.
TPAC has two SLAs with manufacturers its already working with now and a third signed. Each is worth $100-135M and is for a three year evaluation.
IR is just a reporting entity and through its initiatives would bring in a community of five million (potential shareholders?) through social media and other public relations operations during the period of reconstruction. Have to have cash on hand and raise the internal pps.
There are about 20 business days left to the 90-day reconstruction period.
Asked about getting an official press release (PR) out, James responded anything TPAC has done requires a PR but 90% of OTC companies offer PRs but almost 90% fail the shareholder. James added what they don't want to do is say something and need to retract it... "want to say something that would be absolute" ... so they want to complete the reconstruction period and have things finalized before putting out a PR... he said "there will be some PRs toward/by the end of the year."
No more 24% import tax advantage or savings because of a "Premier" status now between Boeing and TPAC. "James" said TPAC will be the "Main Distributor" or middleman managing the flow between Boeing and all suppliers (inventory going out of China = $160-200M).
Since becoming 'visible' TPAC is inundated with requests for all types of metal work and predominantly for four parts: bearings, rods, bushings and hinges.
BTL has been involved with TPAC since 2011... making part of the bearings' assembly. It made the bearings for the NAVAIR certification.
Raising funds through the USA FR is working on two areas: There's the EX-IM loan and I believe James said the China Sovereign Guaranteed Loan program. He added there's a contract set in stone to provide raw material at a pricing of $7-9M. And as part of that, USA FR is working on "Inventory Financing" whereby a company buys raw inventory from TPAC... and to me sounded like... pays up front. TPAC would rather use the EX-IM at full power to get $85M rather than just $10M with the current political situation. Needed are contracts to be able to get loans and that's what's now being worked on.
James emphasized they will always take out 20% to have as 'cash on hand'
In the past month, Boeing has changed its supply chain business asking suppliers to wait longer for payment ... up to 120 days. James said while others have issues with that, TPAC... with its new infrastructure... can accept that time table.
The new facility is operational and already producing product for the U.S. market. Expecting to produce 2-3M bearings plus other metal work. Should see revenues from production toward end of 2016.
TPAC has created a marketing division that's promoting Trans-Pacific Aerospace across seven continents. BTL is the seller.
Remember, contracts are needed to get loans.
TPAC has two SLAs with manufacturers its already working with now and a third signed. Each is worth $100-135M and is for a three year evaluation.
IR is just a reporting entity and through its initiatives would bring in a community of five million (potential shareholders?) through social media and other public relations operations during the period of reconstruction. Have to have cash on hand and raise the internal pps.
There are about 20 business days left to the 90-day reconstruction period.
Asked about getting an official press release (PR) out, James responded anything TPAC has done requires a PR but 90% of OTC companies offer PRs but almost 90% fail the shareholder. James added what they don't want to do is say something and need to retract it... "want to say something that would be absolute" ... so they want to complete the reconstruction period and have things finalized before putting out a PR... he said "there will be some PRs toward/by the end of the year."
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