$TPAC Nice find! I am just now getting eyes on the picture. I recognized Bill as well as Jason Wenig, but not Paul Wiggum. The Paul Wiggum connection appears very valuable:
"Regional Sales Director, Asia Pacific & China
Boeing Commercial Aviation Services
January 2002 – August 2009 (7 years 8 months)
Accountable for leading a team of sales professionals providing post delivery, life-cycle support including retrofit, modification, maintenance, spare parts and logistics support to airlines throughout the Asia Pacific and Greater China Regions which has developed skills that would be helpful as an Aviation Sales Executive. Responsible for account development, customer satisfaction, order & revenue forecasting and achieving annual order goals in excess of $1 billion."
Source(courtesy of InToWin): https://www.linkedin.com/in/paulwiggum
Approximately 8yrs with Boeing, achieving annual order goals in excess of $1B, with specialty and emphasis throughout the Asia Pacific and Greater China regions.
This is looking really good.
Bill mentioned that there would be updates. I am assuming that since it is only 1:30PST at the time of writing this(with the picture being taken approx 1hr before), that the picture of the three guys may have been taken before entering the meeting.
This goes hand in hand with one of the previous Tweets:
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TPAC Bearings
@TPACbearings
The meeting in the States is a capability and capacity presentation and discussion involving several TPAC directors and an aerospace OEM
The OEM is obviously Boeing. We know who at least three of the TPAC directors attending are. Now, the interesting part will be what was asked/discussed in regards to capability and capacity. Given that Paul Wiggum is used to pushing through big orders for Boeing, and that TPAC can expand with very minimal time and financing, with benefits such as price and tax offsets for Boeing, not to mention our NAVAIR exclusivity in China, this could be the start of some much more meaningful negotiations.
There are tons of hoops to jump through. I would expect this to take a few more months to materialize into something significant, but would be very surprised if we didn't land Boeing in the end. If we can get NAVAIR, we can get Boeing. And if we get Boeing, we get the JV with AVIC, which is obviously why this meeting(and all other Boeing meetings) have come before trips to China. Bill is meeting with execs in the States, and is acting as the bi-directional bridge between Boeing and AVIC, bringing info over to China, and then back home as fodder for the next meeting. Hopefully the AS9100C will expedite the process.
Also, Bill is also landing in China when the PO is due to be delivered. Considering it is a rather large PO for a startup, and that China has a relationship-based business industry, it would make sense for Bill to be there to give it a once over before sending it along and serving up a proper handshake along the products the China factory has manufactured. A few of our fellow investors will be over there(if I remember correctly), so there is always the possibility of some extra details coming to light.
This is getting very exciting, and today's close at .0028, which for now, puts us one tick above the middle bollinger band on the weekly(and only a few ticks below on the daily, coupled with a MACD cross, low RSI, and awesome accumulation line) surely shows where sentiment is headed. Signs of a reversal are looking strong. All we need to do is get above the middle bollinger band on the daily and hold above it. PO delivery is days away. Revs will show on one of the next two Q filings, depending on whether or not the Chinese pay C.O.D., or whether it takes them a certain number of weeks or months to submit payment. Each company, industry, and individual business can be different in how this works. That said, by the end of this year, though likely sooner(as in by fall), this should be a totally different stock.
Great job finding the Paul Wiggum info, InToWin. Thank you for the great contribution to the board and to the team.
"Regional Sales Director, Asia Pacific & China
Boeing Commercial Aviation Services
January 2002 – August 2009 (7 years 8 months)
Accountable for leading a team of sales professionals providing post delivery, life-cycle support including retrofit, modification, maintenance, spare parts and logistics support to airlines throughout the Asia Pacific and Greater China Regions which has developed skills that would be helpful as an Aviation Sales Executive. Responsible for account development, customer satisfaction, order & revenue forecasting and achieving annual order goals in excess of $1 billion."
Source(courtesy of InToWin): https://www.linkedin.com/in/paulwiggum
Approximately 8yrs with Boeing, achieving annual order goals in excess of $1B, with specialty and emphasis throughout the Asia Pacific and Greater China regions.
This is looking really good.
Bill mentioned that there would be updates. I am assuming that since it is only 1:30PST at the time of writing this(with the picture being taken approx 1hr before), that the picture of the three guys may have been taken before entering the meeting.
This goes hand in hand with one of the previous Tweets:
Follow
TPAC Bearings
@TPACbearings
The meeting in the States is a capability and capacity presentation and discussion involving several TPAC directors and an aerospace OEM
The OEM is obviously Boeing. We know who at least three of the TPAC directors attending are. Now, the interesting part will be what was asked/discussed in regards to capability and capacity. Given that Paul Wiggum is used to pushing through big orders for Boeing, and that TPAC can expand with very minimal time and financing, with benefits such as price and tax offsets for Boeing, not to mention our NAVAIR exclusivity in China, this could be the start of some much more meaningful negotiations.
There are tons of hoops to jump through. I would expect this to take a few more months to materialize into something significant, but would be very surprised if we didn't land Boeing in the end. If we can get NAVAIR, we can get Boeing. And if we get Boeing, we get the JV with AVIC, which is obviously why this meeting(and all other Boeing meetings) have come before trips to China. Bill is meeting with execs in the States, and is acting as the bi-directional bridge between Boeing and AVIC, bringing info over to China, and then back home as fodder for the next meeting. Hopefully the AS9100C will expedite the process.
Also, Bill is also landing in China when the PO is due to be delivered. Considering it is a rather large PO for a startup, and that China has a relationship-based business industry, it would make sense for Bill to be there to give it a once over before sending it along and serving up a proper handshake along the products the China factory has manufactured. A few of our fellow investors will be over there(if I remember correctly), so there is always the possibility of some extra details coming to light.
This is getting very exciting, and today's close at .0028, which for now, puts us one tick above the middle bollinger band on the weekly(and only a few ticks below on the daily, coupled with a MACD cross, low RSI, and awesome accumulation line) surely shows where sentiment is headed. Signs of a reversal are looking strong. All we need to do is get above the middle bollinger band on the daily and hold above it. PO delivery is days away. Revs will show on one of the next two Q filings, depending on whether or not the Chinese pay C.O.D., or whether it takes them a certain number of weeks or months to submit payment. Each company, industry, and individual business can be different in how this works. That said, by the end of this year, though likely sooner(as in by fall), this should be a totally different stock.
Great job finding the Paul Wiggum info, InToWin. Thank you for the great contribution to the board and to the team.
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Trans-Pacific Aerospace (TPAC) Stock Research Links
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