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Trans-Pacific Aerospace TPAC
Posted On: 09/04/2016 5:23:54 PM
Post# of 22940
Posted By: corporatexpress
Re: BigSteve #12448
BigSteve, I think we all agree on the profitability of Boeing contracts. The simple fact is that BTL won't be set up for TPAC until EOY. Plus, we've already got a contract with BTL to the tune of $13.5M/year that starts Q1-2017 and that may eat up the factory floor unless TPAC can get more floorspace. So with the current contracts, TPAC may not be ready for any larger Boeing orders for another 6 to 9 months. In the meantime, getting the $85M loan into TPAC's MRVB within the next 2 months gets the MRVB capital working prior to EOY in the ways that James mentioned in his recent PR's. The cash in the MRVB will be there available on the fly for any new contracts Bill's team pick up, including Boeing. But really, the new direction TPAC is heading in seems to me to be way more lucrative by having that $85M on hand (actually up to 4 x $85M = $340M value) over the year for the other programs (EIA, etc.)













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JonnyBGood



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