Very true reader3 and welcome to you and all who'v
Post# of 22940
Posted On: 01/13/2016 10:31:07 AM
Very true reader3 and welcome to you and all who've come on board here at the non-biased, fair IHang site!
If anyone listens closely to that 6/10/15 CC, amidst the 'noise' you'll hear Bill say they were in talks with private equity funds/investment bankers in Hong Kong to potentially acquire the two companies (one in China, the other U.S.) and there would be funds left over to buy back shares. I continue waiting for the 10K which I believe's due mid-Feb (actually year-end 10/31/15 filing) to potentially learn more about this.
Now while some of what's transpired regarding these matters may have happened since the 10K which covers up to 8/31/15, there could very well be additional "subsequent events" to shed light about any funds attained or acquisitions made... so I patiently wait and can actually expect to hear of the diligent work Mr. McKay's been involved in. As I've been told, it's taken a long time to get to this stage but with a facility now in China TPAC's beginning to manufacture actual product and get POs.
Bill McKay is well known in this multi-billion-dollar aerospace industry with a very small and tight knit group and has been around the block with them the last 20 or so years. My understanding, in fact, is he's had many other meetings with Boeing in the past but never before with such high caliber executives and bearings buyers or for as long a session as last week's when he discussed what he has to offer and their needs for 2-1/2 hours.
As many of us know, there are certain things a CEO can't just put out there and a financial or other (8K-notice of 'material events') filing is utilized to provide this info to the powers-that-be as well as shareholders.
Very best to you and all with TPAC!
If anyone listens closely to that 6/10/15 CC, amidst the 'noise' you'll hear Bill say they were in talks with private equity funds/investment bankers in Hong Kong to potentially acquire the two companies (one in China, the other U.S.) and there would be funds left over to buy back shares. I continue waiting for the 10K which I believe's due mid-Feb (actually year-end 10/31/15 filing) to potentially learn more about this.
Now while some of what's transpired regarding these matters may have happened since the 10K which covers up to 8/31/15, there could very well be additional "subsequent events" to shed light about any funds attained or acquisitions made... so I patiently wait and can actually expect to hear of the diligent work Mr. McKay's been involved in. As I've been told, it's taken a long time to get to this stage but with a facility now in China TPAC's beginning to manufacture actual product and get POs.
Bill McKay is well known in this multi-billion-dollar aerospace industry with a very small and tight knit group and has been around the block with them the last 20 or so years. My understanding, in fact, is he's had many other meetings with Boeing in the past but never before with such high caliber executives and bearings buyers or for as long a session as last week's when he discussed what he has to offer and their needs for 2-1/2 hours.
As many of us know, there are certain things a CEO can't just put out there and a financial or other (8K-notice of 'material events') filing is utilized to provide this info to the powers-that-be as well as shareholders.
Very best to you and all with TPAC!
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