Posted On: 09/22/2016 11:43:30 AM
Post# of 22940
It's not rocket science. The only available cash for the company until revenue comes in from the signed contracts is the sale of the preferred stock and conversion of preferred into common stock in lieu of payment for services rendered by consultants.
Take a look at the latest 10-Q just released under one of the last sections entitled PART II: OTHER INFORMATION
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Here you will see itemized sales and conversion of preferred shares from the last quarter.
It's not a secret or a conspiracy by TPAC to unload it's stock. It's probably the last thing Bill wants to do. Unfortunately, this will be a fact of life and a necessity for at least the short term. Remember though, the pps is not the concern of the company currently with all of the deal making going on. The pps will naturally follow the value of the company. Once the cash flow begins from the EIA's and BTL, and once the MRVB comes on line, this form of stock dilution should no longer need to be done to pay for all of the business expenses right now, which appear to be primarily consulting fees.
That is why IR is cautioning us not to follow the pps during this phase of the company's growth. The $85M loan (yes, it has to be paid back) that would be used in the MRVB and have a potential 300% net revenue impact over the course of the year would instantly put an end to the selling of the preferred and common stock and provide the much needed influx of cash to support the initial outlay when contracting all of the proposed work.
Take a look at the latest 10-Q just released under one of the last sections entitled PART II: OTHER INFORMATION
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Here you will see itemized sales and conversion of preferred shares from the last quarter.
It's not a secret or a conspiracy by TPAC to unload it's stock. It's probably the last thing Bill wants to do. Unfortunately, this will be a fact of life and a necessity for at least the short term. Remember though, the pps is not the concern of the company currently with all of the deal making going on. The pps will naturally follow the value of the company. Once the cash flow begins from the EIA's and BTL, and once the MRVB comes on line, this form of stock dilution should no longer need to be done to pay for all of the business expenses right now, which appear to be primarily consulting fees.
That is why IR is cautioning us not to follow the pps during this phase of the company's growth. The $85M loan (yes, it has to be paid back) that would be used in the MRVB and have a potential 300% net revenue impact over the course of the year would instantly put an end to the selling of the preferred and common stock and provide the much needed influx of cash to support the initial outlay when contracting all of the proposed work.
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JonnyBGood
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