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  4. Trans-Pacific Aerospace (TPAC) Message Board

Filing reports on time at this level is rarely a m

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Post# of 22940
Posted On: 06/15/2016 8:44:15 AM
Posted By: thesmalls
Re: DanH #9316
Filing reports on time at this level is rarely a matter of "being on time" as it cash flow and finding an auditor that "works for you." EVERY company is trying to be on time but there are a limited # of auditors and the more you pay, the faster yours gets done. SarbanesOxley legislation turned the OTC world upside down WRT filing as they face the same level of scrutiny that an Enron should have with the 10K employees. This isnt like looking in the yellow pages to find an accountant to get the taxes done. Once a company finds one that IS on time consistently and at a reasonable price, they get moved up in the que and then become consistently on time (if legit). Sometimes they get lucky and find one early. Sometimes it takes several attempts. That being said, they should make it a priority due to optics and their seemingly apparent transition to aggressive growth.

I saw Bill's tweet on revenues but unfortunately that still does not answer the question or satisfy the concern. Investors can not be satisfied with the Kevin Costner Field of Dreams approach. There are simply too many scams in the OTC realm and they keep getting more sophisiticated (with lending, reporting, share structures, etc).

Provide investors update ghidance on revenue streams or provide the timeframe when it will be updated (such as after the initial 90 day business review). The constant sidestepping provides the appearance of lack of confidence in revenue streams to the market.





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