TPAC Due Diligence Package for Current and Future
Post# of 250601
Table of Contents:
X) Introduction
1) Company Info from (Website)
2) What Has Happened, What to Look Forward To, and Addressing of Ongoing Concerns
a) What Has Happened (2015-2016)
b) What To Look Forward To (Summer 2016 and Beyond)
c) Ongoing Concerns
3) Social Media and Company Communications
a) Tpacbearings Twitter Acct.
b) TpacMuse Twitter Acct.
c) TPAC IR Emails to Shareholders
d) Brmckay Twitter Acct.
4) Valuable Links, Industry Info, and Post Archiving
a) Info on Jason Wenig and Automotive
b) Projen
c) NAVAIR, COMAC, SAE-AS
d) Boeing
e) Chinese Maritime
f) TPAC Message Board Post Compilation
5) Conclusion
X) Introduction:
The following will be a comprehensive due diligence package for current and future investors looking to compile information as pertains to Trans-Pacific Aerospace, stock ticker: TPAC. Within its contents will be a wealth of information, milestones to look forward to, and issues to be addressed. This has been formulated by a long-term investor with the intent of presenting the investment community with a generally favorable, but overall, unbiased, glance at the Company, past, present, and future. This is a tool and only a tool. Each and every investor must make their own investment decisions independent of this research or any research provided by other parties. This is merely my own due diligence, created by the compression and consolidation of all available due diligence made available by the Company, and the investment community at large.
1) The Company (updated webpage info; sourced from tpacbearings.com)
*Notation to Reader(s): All links from website, such as those from the 'Catalog' section, must be accessed from the webpage, not from this informational packet.
Trans-Pacific Aerospace (TPAC) is engaged in the business of designing and engineering products for aerospace, military and industrial applications. It utilizes a Service Level Agreement with Godfrey Guangzhou to manufacture products in its full-scale manufacturing facility in China. TPAC's Cage Code is 6CF15 and Godfrey Guangzhou's is SNV89.
We offer a full range of SAE-AS81820 self-lubricating plain spherical bearings and SAE-AS81934 self-lubricating bushings, certified for aerospace use by NAVAIR. Godfrey Guangzhou is the only China-based manufacturer to be awarded NAVAIR/SAE approval for these products. By utilizing a skilled local supply chain and an experienced United States design and manufacturing team, we are able to offer our customers significantly improved delivery times and superior products at extremely competitive prices, all while using United States produced raw materials and US based product and tooling designs.
MANAGEMENT TEAM
BILL MCKAY, CEO
Mr. McKay has served as Chairman and Chief Executive Officer since February 2010. Mr McKay has 25 years experience in the aerospace/manufacturing industry, holding many senior management positions including General Counsel, General Manager, Manufacturing Manager, COO and CEO of both private and public companies. From 2006 to 2009, Mr. McKay was an aerospace industry consultant involved in aerospace projects in China and other aspects of the industry. Mr. McKay has been involved in the aerospace bearing industry since 1986 and in working with China since 1992.From 2006 to 2008, Mr. McKay served as Chief Operating Officer for Acromil Corporation, an aerospace structural component manufacturing company. Prior to Acromil, Mr. McKay served (from 1986 to 2006) in a variety of senior management roles with Southwest Products Company, a specialized engineering consulting firm and designer and manufacturer of plain spherical bearings used primarily in aerospace, naval and sophisticated commercial applications. He started as General Counsel (1986), and was promoted to Executive Vice President and General Manager (1987) and Chief Executive Offices (1991). As part of the acquisition of Southwest Products Company by Sunbase Asia, Inc., a Hong Kong-based aerospace company, Mr. McKay also took on the role of President-CEO of Sunbase Asia. He received a B.A. in History (Magna Cum Laude and Phi Beta Kappa) as well as a JD and an MBA from the University of Southern California. He is a member of the California State Bar.
GREG ARCHER, DIRECTOR
Mr. Archer has over 24 years of aerospace industry experience as an executive with Northrop Grumman Corporation. From December 2002 through March 2010, he served as director of procurement / global supply chain for the Aerospace Systems sector of Northrup Grumman. Mr. Archer was responsible for the procurement of goods and services valued in excess of one billion dollars and some thirty million parts across multiple programs and platforms. In his role as the executive for procurement / global supply chain, he developed and deployed a purchasing model that was responsive to program needs across the sector. He was the Chief Procurement Officer for the sector and directed an organization made up of professional buyers responsible for a wide range of products and services. In addition to his procurement responsibilities, he was also responsible for commodity engineering, managing supplier technical solutions across all programs leading an organization made up of engineering professionals from the disciplines of manufacturing engineering, industrial engineering and electrical engineering. Prior to his position as the director of procurement, Mr. Archer held leadership positions in international procurement and production, business management, subcontracts, program management and government compliance. He spent several years supporting company litigation and dispute resolution and was member of a company executive board of reviewers. He is a graduate of California State Polytechnic State University at Pomona.
KEVIN GOULD, DIRECTOR
Mr. Gould has over 25 years of management experience in aerospace, manufacturing and law. Most recently he served as President and CEO of Piper Aircraft, Inc. During his tenure, the company doubled its market share, outsourced its spare parts distribution, beat its competition to market with the highly successful PiperSport, overhauled and globalized its sales and distribution channel, initiated social networking marketing programs and re-launched development of its PiperJet aircraft. Previously Mr. Gould served as VP of Operations at Piper during which time he reorganized its manufacturing operations, increased on-time deliveries from less than 50% to 99%, reduced labor costs 15%, decreased material costs 5%, lowered overhead by 10%, cut cycle times 50% (resulting in millions of dollars of working capital reductions), and improved quality by 50%. He was also a member of the executive team that turned around and sold Piper to a foreign sovereign wealth fund. Prior to joining Piper, Mr. Gould was VP of Operations at startup aircraft manufacturer Adam Aircraft. There he set up production operations for the company’s carbon fiber piston and jet airplanes. Earlier, he spent 12 years at Boeing in a variety of leadership roles including manufacturing, supply chain, engineering, program management, finance and facilities expansions. Prior to that, Mr. Gould spent three years as an attorney at a major Los Angeles law firm, practicing business and real estate law. He holds an MBA from Harvard University, a MS in management from Stanford University’s Sloan program, a JD from University of Southern California and a BA from Washington State University. He is an instrument rated pilot.
CLAIRMONT GRIFFITH, DIRECTOR, COFOUNDER
Clairmont Griffith, an aerospace devotee particularly interested in spherical bearings, is an entrepreneur, . He has been engaged with TPAC since early 2010, being a cofounder, a member of TPAC's advisory board and director. He currently has minor investment interests in mining, and oil and gas equipment. Dr. Griffith is a medical doctor and assistant professor who is a diplomat of the American Board of Anesthesiology and National Board of a Medical Examiners. He served in various leadership roles including recent Chairman of Anesthesiology at Howard University Hospital and becoming the first Chief of Perioperative Services there. Dr. Griffith has also served as Chief of Obstetric Anesthesia, Vice Chairman of Anesthesiology, Chief of Clinical Affairs, and Chief of Quality Assurance and Patient Safety. While engaged in medical research and academics, Dr. Griffith has also been team leader on numerous hospital committees and a member of numerous National Medical Associations. Clairmont Griffith has received his BS in chemistry and a Medical Degree from Howard University. He attributes his enlightened entrepreneurial vision to his kids Alex, Quincy and Alison.
VISION, MISSION & VALUES
OUR MISSION
Our mission is to use technology and best practices to deliver to our customer the highest quality flight ready SAE Qualified and specialty bearings. This is a foundation that allows our team to service, support, and create value for our customers and their demanding Programs. A process of continuously optimizing our production system will further enhance our capabilities.
OUR VISION
The Company has a Service Level Agreement with the Godfrey Guangzhou manufacturing facility in the Zhaoxuan Industrial Area in Dongguan, China, to manufacture aerospace quality self-lubricating and standard spherical bearings, rod ends and bushings (collectively, “Bearings”). Over 3,000 of these parts (approximately $500,000 worth) are used in every aircraft and must be replaced regularly.
After rigorous testing that demonstrated bearing performance beyond technical specifications, the Company recently passed all qualification requirements for SAE Aerospace Standard 81820 from NAVAIR (U.S. Naval Air Systems Command), the agency responsible for qualifying SAE aerospace parts, and has been placed on the QPL (Qualified Product Listing) as a supplier. As such, the Company is the FIRST and ONLY manufacturer of SAE-certified Bearings in China and one of only seven in the world.
The Company sells our products globally, while taking advantage of "offsets" between China and aerospace OEM's. The Company employs best practices to provide our customers with competitively priced products within shortened lead-times. All products are manufactured using US produced raw materials.
COMPANY VALUES
With over 60 years of experience, TPAC provides full service bearing manufacturing to the aerospace industry by using high quality equipment, tooling, and advanced software technology to fabricate complex spherical bearings, bushings and assemblies.
Our years of experience, developed production systems, and service based culture offer not only quality, but value and a high level of personalized customer service. Our management structure and business plan are centered around these values.
DOCUMENTATION & QUALIFICATIONS
Trans-Pacific Aerospace spherical bearings and aerospace products have successfully met the verification test qualification requirements set by the AS81820 Aerospace Standard.
SAE-AS 81820
This SAE Aerospace Standard (AS) covers self-aligning and self-lubricating plain spherical bearings that utilize polytetrafluorothylene (PTFE) in a molded material or fabric composite that is bonded to inner diameter surface of the race and, when specified, to the bore diameter surface of the ball. These bearings can be used in the temperature range -65 to +325°F (-54 to +163°C).
SAE-AS 81934
Bearing, Sleeve, Flanged, Self-lubricating, -65 To 325 Degree F
CATALOG
The below list contains our full line of aerospace bearings and their detailed product specification PDF's.
SPHERICAL BEARINGS
Narrow, grooved race, self-aligning, spherical plain bearings, width .281" to 1.000", height .218" to .797", bore .1900" to .1000" Download PDF
Wide, grooved race, self-aligning, spherical plain bearings, width .437" to 1.375", height .327" to 1.005", bore .1900" to .1000" Download PDF
Narrow, chamfered race, self-aligning, spherical plain bearings, width .281" to 1.000", height .218" to .797", bore .1900" to .1000" Download PDF
Wide, chamfered race, self-aligning, spherical plain bearings, width .437" to 1.375", height .327" to 1.005", bore .1900" to .1000" Download PDF
BUSHINGS
Flanged, self-lubricating, sleeve plain bearings, bore .2515" to 2.0015", length .156" to 3.000", diameter .3760" to 2.2523" Download PDF
Non-flanged, self-lubricating, sleeve plain bearings, bore .2515" to 2.0015", length .156" to 3.000", diameter .3760" to 2.2523" Download PDF
FINANCIAL INFORMATION
http://tpacbearings.com/financial-information
NEWS AND PRESS RELEASES
http://tpacbearings.com/news
2) What Has Happened, What to Look Forward To, and Addressing of Ongoing Concerns
*Notation to Reader(s): Each sub-section here will be in the form of a short synopsis. For further detail, highlights from each respective Twitter feed will be compiled in the 'Social Media and Company Communications' section.
a) What Has Happened(2015-2016):
TPAC has made major leaps forward this past calendar year. Many of the long-term investors here remember the initial business plans(2014 version and 2015 version), prior to the ongoing reconstruction that is being formulated as of today's date. In reference to the business plan(s), it is critical to remind current and past investors of the three general phases outlined for forward motion.
The first phase was to obtain the proper certifications to create a company that is a viable worldwide contender in the aerospace bearing market. That phase consisted predominantly of obtaining NAVAIR approval. As mentioned many times in the past, there are only six fully certified NAVAIR bearing companies in the world; TPAC is one of those six, and the only one in China. TPAC pulled off a rare feat and acquired the highly coveted NAVAIR cert, in less time and with less money spent than deemed average, with many other companies around the globe failing to secure the NAVAIR title after years of time, multiple product revisions, and copious funding spent, to the tune of millions of dollars. Also included in the first phase of business was the the following: Government approval for System Awards Management and CAGE code(thus allowing TPAC to supply the US govt., military included with NAVAIR), NAVAIR factory visit and extension of TPAC's approval for TPAC's partner, Billiontek, SAE-AS-81820, SAE-AS-81934, AS9100(with AS9100C update currently processing per Boeing's request and in Boeing's assisting TPAC in BQMS/AQMS supply program(s)). QA/QPD/QPL also must be noted as to supply the govt., an entity must be a Quality Products Listing within the Quality Products Database.
Phase one of TPAC's business plan set the stage for phase two, some of which had a bit of overlap. Phase two consisted predominantly of the factory build-out. Prior to the grand opening of the TPAC China factory, TPAC was (and I believe, still is) engaged in a service level agreement with Godfrey China, an entity which is co-owned by the TPAC team, with TPAC owning roughly 55%(of Godfrey). TPAC China was built to completion and has become a fully operational,NAVAIR-certified, bearing producing facility. Some overlap of this phase and of the third phase pertains to the expansion of TPAC's manufacturing facilities in other parts of the world, the next in line being TPAC AU.
Phase three is sales. This phase did not begin until the end of 2015, with the delivery of the first order ($109k) this spring, as shown within the recent filings. So, in perspective, without including anything forward or pertaining to the recent SLA's and LA's, the Company has only been the sales phase for a matter of several months, and has already logged over $100k in revs, with other smaller 4-5 figure orders (trial parts, small production, etc) that should be shown on one of the following two quarterly reports. And as pertains to the sales phase, which we are currently in and which will remain ongoing as long as TPAC remains in business, this company, which mind you, is an aerospace start-up, has an enormous amount of RFQ's in hand. At the present time,it should be noted that the RFQ's have not been translated into sales, and will not be fully rendered as sales until processed and then approved or negotiated upon by the quote requesting party with the agreement of both that entity and TPAC.
b) What To Look Forward To (Summer 2016 and beyond):
TPAC is working steadily to position themselves as a supplier to Boeing. This will necessitate TPAC to complete all requirements for the BQMS/AQMS needs mandated by Boeing. Mentioned multiple times prior, TPAC is in continuous communication with AVIC and an LOI is expected. TPAC, and their respective NAVAIR cert and product, serves as the bidirectional bridge that links Boeing and AVIC. There is a multitude of significance here. TPAC is the only NAVAIR certified company in China. Boeing has a significant footprint in China(as well as an even larger one in Australia, which will be addressed as well), and AVIC serves to benefit as well, given that they are a major international aerospace player, and at that, one who does not have the gold standard industry product for bearings, which in this case is NAVAIR.
AVIC has requested of TPAC a bid package of over one hundred parts. On top of the inherent financial value in the immediate sense, and in clear omission of future orders, it should be noted that AVIC is part owner of COMAC's C919, which is China's respective answer to the call of competitor products such as Boeing's 737, Airbus's A320(neo), Irkut's MC-21, and a host of other potential makes and models. As mentioned in TPAC's business plan, each aircraft requires an average of 3,000 bearings, which total an average cumulative value of $500K. COMAC already has logged 517 orders, 20 of which are from well-known names such as GE Aviation. The total value of the 517 orders, as aligns with bearing needs, tallies at (517*500,000) = $258,500,000. Remember, China always prefers to do business with other Chinese entities first. Also of mention, Boeing has $250M in new orders in need of being met. Just from these two entities alone, that equates to $500M in potential business. And if even a fraction of that is secured and manufactured by TPAC, that will equate to rather substantial revenues, especially in comparison to what has been depicted in recent filings.
On the horizon, we have such critical events as the long-awaited visit to TPAC's factory by Boeing's representative(s). Noted by the Company, the final step before getting NAVAIR approval was a factory visit. Likely, the Boeing visit will be one of the final steps to approval as well. Boeing is needed to land AVIC, and AVIC is already listed as a Boeing approved partner. The aforementioned LOI would be for a partnership with an AVIC group.
Extending this forward-looking dialogue, it should be of significance that, as of 2017's 10-k filing, annual revenues should be at minimum $14.5M, just from Billiontek alone. Two licensing agreements have been signed, each for $1M. Regarded in the previously stated $14.5M annual figure, only the BTK LA and SLA are included. An additional SLA is in the works, and if signed, should put TPAC's SLA's at $250M+, with the BTK SLA being values at $135M over ten years, not including the $1M LA. The $1M LA, on a smaller scale, even without the SLA, would place revenues on future 10-Q's as $250k per quarter, without including the second LA or SLA(s).
TPAC is currently in discussion with the Australian govt, and in the meantime, will be ramping up production capacity by 40% within the next 6 months, as Boeing's new bearing needs equate to $250M. A multitude of RFQ's are in hand and in need of processing, but the "dilemma" remains that TPAC seems to have more demand in the form of RFQ's and new business needs than can currently be met in terms of supply via production capabilities. This is likely to be solved via fundraising, some of which is will be(and has likely been) in the form of shares being sold, and other needs likely being met from private funding such as private placement agreements or loans such as Ex-Im. Important to store as information as pertains to TPAC's strategic positioning of manufacturing facilities, is the fact that Boeing's second largest footprint, next to the US, is Australia, with 27 physical locations. Secondarily, the Australian Navy is need of a complete retrofitting. And with the Navy in mind, it should be said that the US Navy has an $11M need for bushings to be met. Additionally, as applicable to both navies, TPAC has a maritime product. This may or may not be included in the recent submission of parts sent to NAVAIR for new approval(s).
Other such items of note in tandem with TPAC's forward motion include, but are not limited to: Ex-Im approval(current loan request at $85M), formal entrance into maritime and automotive, trialing the MRVB, release of the Company's reconstruction by IR/FR/BDG, intercontinental business serving countries such as Germany, Egypt, Japan, Canada, India, UAE, Turkey, etc., TPAC integration with Australian govt via the Turnbull Initiative, and of great magnitude, TPAC intends to capture significant market share from entities such as Boeing, Airbus, COMAC, Embraer, Bombardier, and others, all within the next 18 months.
Without fail, it should be addressed that there will be no R/S this calendar year, and no R/S in the future unless it serves as a necessary tool to uplist once the Company is on solid footing and a position of strength of such that it can hold its respective share price post-split. And for those who are new here, there is no convertible debt and there will not be again in the future(according to Bill). The only remaining debt is $260k to TPAC co-founders, Clairmont Griffith and Daniel Desta, who have so kindly provided the loan that gave us TPAC China. That loan is not due until the share price reaches $0.25; and may not be due all at once either.
As a final bonus, which must be emphasized as included solely for speculative value, each of the other NAVAIR certified companies that are publicly traded (two are private) hold respective approximated and rounded off share prices of $15-70. TPAC has just entered its sales phase, with its first order delivered this spring, and currently sits at .001. While it cannot be said that TPAC will (or won't) achieve a share price that rivals the other companies, each of whom has been in business substantially longer, it can be speculated that, should TPAC remain in business and garner a reputation, which the Company is preceded by its NAVAIR cert, that .001 is clearly (in my opinion) an undervalued price point for those who plan to hold a position long-term.
c) Ongoing Concerns:
This section pertains predominantly to TPAC's ability to fund itself and move forward. Also addressed in this section will be concerns about the current price action, investor communications and representation, change of business plan in order to facilitate company growth and a stronger balance sheet, and shareholder sentiment.
TPAC is in need of $2M(bare minimum) just to keep the door open and the lights on. This is the most significant of ongoing concerns from a company perspective. While numerically, this is not a huge amount to money, especially in consideration that this is a business, not a sole person, it is of the utmost importance that it is acquired correctly, and in a timely manner.
There are multiple ways in which this $2M can be secured. As I am not clear on this, I want to preface by making notation of the fact that IR/FR/BDG may have this covered via the two $1M LA's, or via the reconstruction efforts currently underway. Should that not be the case, I have compiled some thoughts as a backup plan, and have shared them with one other investor as a private communication. While this plan likely will not be used by the Company, it can never hurt to have a plan C, regardless of how simplistic and elementary in nature.
Without further ado, here is the generalized outline as pertains to a backup resolution for the acquisition of preliminary funding while waiting for Ex-Im, etc. The remainder of the 'Ongoing Concerns' section can be found below the summary.
*$2M in funding is the bare minimum needed to keep the doors open and the lights on; $20-50M is needed to grow with comfort.
*The factory is set up for $200M per year at full capacity with $50k and 4-8wks needed to expand to full $200M capability.
*Right now, the factory is working in the range of capacity of $25-40M/yr.
*If $50k and 4-8 weeks will ramp production up to full capacity at $200M/yr gross rev($140M/yr net rev at a profit retention rate of 70%, as estimated in the original business plan), then to scale, if $30M of the $50M is needed for the property and original equipment, raw materials, employment, and costs of administration, $20M would be left over to expand at a rate of 400x, thus maxing out future capabilities, as ($50k x 400 = $20M).
*As mentioned above, the shop can currently handle a production load of $25-40M. For sake of simplicity, $40M will be used as the current annual production figure without further expansion yet factored in.
* If $50k brings the gross revenue production rate from $40M to $200M, or a five-fold increase, then each $50k influx can theoretically boost gross rev potentials by $160M/yr.
*Upon that premise, with $20M set aside for expansion, and each $50k installment generating $160M in revs, with 400 total $50k installments to max out the $20M of allotted funds, then, $160M, multiplied 400 times, would bring the future gross annual production capacity to $64B, far in excess of the $1.5B bearing market.
*$64(B)/1.5(B) = $42.66667(B), or a rounded 43-fold increase in capacity as factored against the entire bearing market’s needs
*Why is such a large influx needed in such a manner that the capacity exceeds the global bearing market by a factor of 43?
*Why not start with the original $2M needed to keep the lights on?
*Currently, TPAC cannot handle the orders at their door due to capacity restraints, which rely on expanded infrastructure, which then boils down to the need for said funding to provide it.
*First, what are all of the potential avenues for possible funding? Please list.
*Second, what are the road blocks to the most generous forms (Ex-Im, etc; and generous meaning most or all of the funding in one infusion)? Politics? Retained Revenues? Again, please list.
*Third, what are the simplest ways of obtaining secured funding? List needed here as well. Private placement via TPAC/IR/FR/BDG’s spheres of influence must be strongly considered.
*Fourth, upon determining the most simple ways to obtain $2M (or greater) in funding, how can the funding be broken up into smaller fragments? Why ask one investor for $2M, when there is a less risk-averse option to be presented to ten high net worth investors for minimal, one-time infusions of $200k per person?
*Fifth, piggybacking off of the fourth, why not break the $2M needed, which has already been broken down into ten $200k infusions, into even more manageable bites by dividing the total cost of $2M by the number of continents in which TPAC has operations in need of expansion for the sake of meeting the current order demands in excess of what the company can supply?
*If $10M is needed for TPAC China, and $10M is needed for TPAC Australia, why not find 5-10 investors per continent, all of which have a high net worth, and present to them a need for only $100-200k per investor, to satisfy the full $2M?
*And in order to satisfy these potential investors, a packet or presentation must be made that gives them all a full spectrum of information on the company, its management, its product, the rarity of the NAVAIR certification, the undervalued current price per share as projected forward in expectation of the capacity to handle the demand once we can provide the matching rate of production, and the price per share of our NAVAIR-certified, publicly-traded competition ($40pps, $70pps, $40pps; all pps’s rounded down to the nearest ten dollar mark). Additionally, they need to know what rate of return on investment they can look forward to, and within what frame of time. It is imperative that their aversion to risk is minimized, and done so by facts and numbers alone.
* What packet can be presented in such a manner that shows a negligible degree of risk, an ROI that gives them better returns than standard bank associated investment vehicle(such as a CD, etc), also providing them a frame of time that does not tie up their funding(with their ROI in mind) for longer than what may be deemed as desirable or appropriate, and shows them just how potentially undervalued the company is when projected forward, all while giving them confidence in the product, the management, and the ability to overcome potential obstacles(such as how we got NAVAIR when others have poured in more time and money, without success)?
*There are only six NAVAIR-certified bearing companies in the US.
*TPAC is 1 of those 6; and is the only one capable of serving China, where its factory is located, and where domestic business is prioritized over equal competitive foreign counterparts.
*NAVAIR has certified TPAC and has approved our partner, Billiontek.
*Billiontek has locations in China, Germany, and the US.
*TPAC and Billiontek have just signed an SLA and an LA. The SLA is $135M, inked for 10yrs, at an annual rate of $13.5M per year; the LA is for an additional $1M per year; $14.5M gross annual revs from Billiontek alone.
*Billiontek has the AS9100C, preferred by Boeing.
*The $13.5M/yr revs from the Billiontek SLA do not include future revenues from Boeing, etc. Those numbers are additional and financial infusion is needed to facilitate the satisfaction of those orders via TPAC’s ability to expand its infrastructure.
*TPAC has been BQMS approved and AS9100C was needed for fast track by Boeing
*Boeing’s additional bearing needs are $250M annually
*Orders for $25M (plus other orders, of both greater and lesser value) are in need of being filled
*In order to fill these needs, there must be an influx of capital to generate the infrastructure that can handle the order load, with no sacrificing in quality, at a lower cost of production than that of current competition, and at a rate of production that yields to shorter turnaround times than said competition can provide
*TPAC is the only NAVAIR certified company in China (as previously mentioned). China as a continental industry is growing what appears to be exponentially.
*COMAC, the Chinese competitor to Boeing’s 737/747 has co-ownership of the C919 with AVIC.
*AVIC needs TPAC’s NAVAIR, as does Boeing, providing a go-between scenario for both entities, with TPAC as the mutual point of leverage.
*With all of this in mind, SLA’s command a 98% profit margin, 28% greater than the 70% net revenue rate generated in-house or via acquisitions.
*Billiontek’s SLA (with the LA not factored in here) equates to a net annual revenue stream to the tune of $13.23M/yr (13.5*.98 = 13.23)*1M)
*Now factoring in the LA’s, Billiontek’s SLA has created TPAC a revenue stream greater than $13.23M annually.
*With $2M needed to fund the operation and keep the lights on(provided for and paid back to investors), while shaving an assumptive $0.23M off the top for an ROI of $11.5-23k(depending on if the number of investors is 10 or 20), leaving TPAC with $11M in net annual revs, and each investor with their returned principle investment and a minimal return of 11.5%($11.5k x 20 investors = $230,000 and a maximum return of 23%($23k x 10 investors = $230,000), all within a promised 24 months, which then allows TPAC to hold the revs in an interest-bearing vehicle that will offset the $230k shaved off the top by generating some, if not all of that, via interest accrued from the $13.23M in net revs before the $2M principle and $0.23M ROI are returned to its respective lenders, rather than an immediate investor repayment paid per first annum, places TPAC and its investors in a win-win scenario with minimal rate of risk.
*In order for TPAC not to lose a single cent off of this, aside from the $2M in original investor principle, TPAC must put the full amount of $13.23M into an interest bearing account equal or greater to 1.01738%/yr. Said clearly, if TPAC needs to net an additional $0.23M from $13.23M, then $0.23M needs to be added to $13.23M, for a post-interest total of $13.46M; (13.46/13.23 = 1.01738).
*How is this going to get done? 1) All potential avenues of funding must be listed and ranked in terms of feasibility. 2) All of TPAC/IR/FR/BDG/Other must list every high net worth individual (or firm/entity) that they deem to have a strong and trustworthy relationship with. 3) Individuals/Firms must be ranked in terms of likelihood, ranking from closest company with highest aversion to risk (and preferably, highest worth), down to the least amount of closeness and least amount of aversion to risk (with lowest financial worth factored in as well). 4) Individuals must be contacted after prioritization is designated and once a formalized, comprehensive private placement brochure is made. 5) Additionally, before contacting prioritized sources of potential investment, FR needs to determine the best financial vehicle to yield the aforementioned minimal annual interest rate of 1.01738%; and in tandem with doing so, mutually beneficial, legally binding contracts must be drawn up to create concrete and predetermined level of safety for both the company and its potential investors.
*Also, there must be some preemptive measure of troubleshooting. Potential investors are going to have questions and will attempt to punch holes in order to find out why the company is coming to them for lending as opposed to a formal investment service. The packet may or may not include the reasons, but those reasons should be readily on hand an easily explainable should questions arise. “If this is such a rare and highly regarded certification, within such an elite industry, and orders are knocking at the door from some of the biggest names, in amounts up to eight figures per order, why will no one lend the necessary funds to the company under the provision that the reputable names yield formal confirmation of finalized contracts for the orders they needed filled? And why won’t these companies lend the money themselves in order to have TPAC service their own demands at a lower rate (with lower production times), when it can be verified by those same companies that the funds provided will be sufficient to generate their orders in such a fashion that TPAC can use a significant percentage of profit from those orders to repay the loan?”
*Thus, for example, Boeing funds the $2M. TPAC uses the $2M to set up the infrastructure needed to handle Boeing’s orders. $2M in funding yields a much greater production capacity via factory expansion, yielding profits of 70-98%, with only $50k needed to generate gross revs of $200M, equating to $140M(profit at 70%) – 198M(profit at 98%); and with $2M subtracted, net profit can be seen in the order of $138-196M, minus any other background costs, such as salaries(company officer, middle management, labor, other associated staff), etc.
*So, in finality, TPAC can get a “standard” loan from a conventional vehicle (such as Ex-Im or another bank of a similar nature), can present the idea to Boeing (with numbers drawn out, reasons it would be of benefit to the lender, and an agreed upon return), or the company can instead seek funding from individuals interested in making an ROI of 11.5-23% of their total initial investment.
Next to hash out will be the remainder of ongoing concerns. This will not come close to covering each and every investor's thoughts, viewpoints, or worries, but will serve as a starting point.
Before I continue, there is a very important point I'd like to make. This has been on my mind for quite sometime, and I feel this is the appropriate time and vehicle to vocalize.
No matter how long this company remains in business, there will be problems and there will be ongoing concerns. The same holds true for established and successful blue chips, such as Berkshire, Google, Apple, and others. Every business will run into roadblocks, have changes within the company(products, management, supply chain, funding, industry, trending, politics, competitors, etc). TPAC is no different. While the OTC does not have the best reputation, each and every one of us has chosen to invest here, all without being forced or coerced. If we are to stand the course and to remain invested, we must keep this in mind and we must remain open to discussion about it as a shareholder base. While it is at times uncomfortable, and for some, disheartening, it is honest discussion. We are all part owners of this company, of however fractional a percent, and despite that fractional nature, we stand to profit significantly from the Company's growth. While none of us are part of the management team or on its board of directors, we are a board of our own and we can assist the company by our discussions, even if only in the capacity of the company knowing that they can use that discussion as a backup plan to overcome glitches, or as something to expand upon, or expand previous business ideas with. The group of shareholders in TPAC runs the gamut from aerospace veterans to trading veterans to newcomers to wealthy individuals to intellectuals, or a combination of the antecedent investor archetypes. Those of the more experienced variety know that downtrends are just as common as uptrends, and should one decide to hold a position during a decline, it must be from a calculated and unemotional perspective, as to not fall apart while waiting on the chart to correct and/or for the Company to achieve certain time consuming line items needed for the price to move.
Now, what's happening with the price. It is obvious to one and all that we have been in a sustained downtrend for some period of time. It must be addressed as to why this is happening. The first catalyst that began the downtrend, from a fundamental perspective and not due to an overheated RSI, was the clerical error back in Feb. Bill took clear responsibility for the error, as he was greatly overextended during that time, and the shares that he mentioned already being retired, were in fact retired. Despite the fact that that started things off, it was a measure of confidence that not only did Bill take ownership of a glitch that might not of been all his to own(or his at all), but he also established an element of trust by having the updated numbers, post-error, line up as correct.
Further, the next cause for concern as pertains to the decline in share price was and is due to a gap in understanding between shareholder expectations and company communications. While the Company has been very transparent, to a degree with little rival on the OTC or elsewhere, the enthusiasm behind information released was met by an expectation of immediacy by a significant shareholder base. Announcement and completion of Boeing meeting meant just that to the Company; another meeting down, another step forward. To the shareholder, and armchair businessman, it was expected that TPAC strike a big deal with Boeing very quickly after just one or two meetings. That caused the next step in the price decline. Luckily, for all investors still holding, timeline expectations have been tempered to equate with a greater degree of realism. TPAC is also doing their part to release information in better prediction of shareholder response.
Next, the Company had initiated a share buyback program. Many bought in based on the buyback and sold when they sensed it not being fulfilled to completion. And now, rather than a buyback, we are seeing the opposite, in the form of an increase in share structure, which many prefer to term as dilution. Simple mechanics dictate that, with all sentiments being equal, a greater reduction in available shares leads to a subsequent increase in price; the reverse scenario of increased shares in correlation with a declining price holds true as well. And what may or may not be be traditional dilution, may or may not in fact be the exchanging of unrestricted common shares to secure various forms of branding agreements, or equally as possible, to compensate agents, acting in the form of formally unaffiliated company liaisons, whose purpose serves to bring forth international branding agreements via private career relationships that would otherwise remain inaccessible to TPAC at the current time.
The key objective at the present time needs to be growing the business. While the buyback was a valiant attempt to do right by shareholders, it was not affordable, similar to the plan to make acquisitions, and therefore could not be sustained, however well intended. Shares needed to be sold so funds could be raised. My guess is that after substantial ongoing revenues are being both generated and retained, another buyback will be put in place to raise the share price in such a way that when the Company is in a position of strength, financially and otherwise, it can then do a small reverse split to uplist to a national exchange without finding itself in the current predicament of sustained price decline a second time, for that would fall in the realm of negligence and improper planning, and there is plenty of time between now and then to make sure that does not happen.
As a continuation and item of necessity, the shareholder representation in the form of IR/FR/BDG is going to be discussed. Shareholders have had what can be of no dispute, mixed reactions. To start with the bad and then move to the good, ongoing concerns will be mentioned first. The primary concern for shareholders seemed to be the reconstruction. Who is behind it? What is the name of the company or companies? How are they being compensated? What are their credentials, experience and track records? And why should the old business plan, created by a highly accomplished team such as TPAC management be tossed out? These questions remain of concern for many. I do not have answers for most of those questions, but will expand upon the last question later. The second ongoing concern seems to be in the bedside manner of IR and the reactivity noticed in the form of objective concerns being taken as personal slights to the integrity of the entity or people behind, rather than a chance to ignore unnecessary worry by shareholders, or better yet, to provide an opportunity for solidified relations by meeting those concerns with brief, unemotional installments of information. To some degree, IR has done the better of that, and to some degree not. It is of great importance that shareholders and IR/FR/BDG and TPAC are all on the same team. While there may be rough patches, and some degree of debate needed, including, on occasion, in the heated form we have seen, in most cases, that does not take a beginning team from the ground floor to the arena championships. A cohesive team, through times good and bad, uncomfortable or not, is what is going to help each of the respective entities mentioned further their goal. IR needs to stop telling worried shareholders to sell merely because IR is privy to information about BDG/FR/TPAC that gives them utmost confidence. And in turn, shareholders need to give IR/FR/BDG a fair chance to prove themselves at least long enough for the final draft of the reconstruction to emerge.
With the bad out of the way, a lot of good has come out of the beginnings and mid-point of the reconstruction. And while the share price is not where anyone wants to see it, the table is getting set and the reconstruction has provided TPAC with a much more sound and profitable way of generating business, that is also much lest costly to the Company. Before IR/FR/BDG came in the picture, we were spending money prematurely by buying back shares and trying to expand the business while questioning the ability to remain in operation. The plan was also to be funded in order to acquire other companies, which would mean loans in need of paying back with interest. That is no longer the case. And while before, TPAC had a 70% profit margin, now, with the implementation of the LA's and SLA's, TPAC has a 98% profit margin, with the 2% left on the table being for administrative fees. The LA's and SLA's require of TPAC no loan and no interest, and as mentioned, a 28% greater profit margin. Also, IR has taken a load off of Bill, which was much needed, as he was overextended, yet continually generous enough to communicate with shareholders despite his schedule, myself included.
As a bonus before closing out the 'Ongoing Concerns' section, I wanted to add in one other communication of mine in which I see things with IR/FR/BDG lining up correctly, all based on a few minutes research I put in after IR made one of their many announcements. This does include one ongoing concern at the end that still needs addressed, but seems to me more of a 'when' than 'if' scenario, all provided Ex-Im is able to push things through.
This is all adding up. Here are a few dots I connected since sending the last PM.
First, from Muse:
"The China loan program process is not the same as the standard EX-IM bank loan process; it requires the borrower to be an OEM.
TPACs SLA with BTL meets the criteria of the China program allowing them to move through the loan process. If approved, the loan amount is sufficient to meet the minimum requirement size of the project per year for up to 6 years."
From Ex-Im China pdf(link below):
pg 2 of 4: In summary, this alludes to TPAC's(referred to as the US seller/exporter) OEM status. As also required, we provide a service to a Chinese buyer(sale of aircraft goods).
pg 3 of 4: Muse mentions application approval would be good for up to 6yrs. See "Medium Term". "Buyer is required to make a down payment of at least 15 percent." $85M * 0.15 = $12.75M. BTL SLA $13.5M annual revs. Extra $1M annual for LA. $14.5M in total from BTL.
pg 4 of 4: Aircraft Finance. "Ex-Im Bank supports Chinese buyers
of U.S. new and used commercial and
general aviation aircraft through loan
guarantees and insurance for both
large and small commercial aircraft.
Ex-Im Bank can also finance spare
parts, ground equipment, training
costs and transaction expenses."
Chinese buyer = BTL, et al
US new aviation coupled with Chinese end users as provided for by Boeing in TPACbearings Tweet(June 12) = more Chinese buyers
US spare(and new) parts = TPAC alone
Link: http://www.exim.gov/sites/default/files/manag...chi-01.pdf
Additional Link: http://www.exim.gov/sites/default/files/repor...t_0611.pdf
pg 10(Medium and Long Term Export credit volumes): China at 58B
pg 19(Figure 6): 28.3B in 2011 to 58.0B in 2014
pg 44(Aircraft): " In 2014,
despite the return of liquidity to pre-crisis levels, increased regulatory limits
continued to affect commercial bank willingness to fund and hold large,
uncovered project loans with tenors beyond 5–7 years." Again, supporting the 6yrs figure by Muse.
Why TPAC AU? "Projects in
developed countries such as Australia (up 85% from $20.4 billion in 2013 to
$38.0 billion in 2014"
pg 53 Why the China program and HK bankers?): "Consequently, EXIM project finance support cannot be
considered “best in class” when compared to the support
provided by the Asian ECAs. The magnitude of Asian ECA
support relative to that of EXIM, coupled with the flexibility
associated with unregulated (compared to regulated) financing
terms, render the Asian ECA model most competitive. That
is, finance offered by ECAs like JBIC and KEXIM have high
flexibility valued by project sponsors, making these tools highly
competitive"
And why Ex-IM? " No Exposure Limits: EXIM does not set any limits on
project size, sector, or country. So, for exceptionally large
transactions where some ECAs have transaction caps,
EXIM may have a competitive advantage.
• Local cost financing: U.S. EXIM will finance costs
originated and incurred within a buyer’s country. EXIM
will finance an amount up to 30% of the total U.S. export
contracts (the maximum allowed by the OECD). More
information on local cost financing may be found in
Chapter 16."
And the comparative: "With respect to competitive pressures, although EXIM
project finance support in 2014 remained competitive to the
extent that it was competing with OECD regulated project
finance support , Asian ECAs in particular registered a highly
competitive position vis-à-vis EXIM in large measure due to
the “menu” of regulated and unregulated financing alternatives
that they can offer to project sponsors which renders Asian
ECA project finance support more competitive than that of
EXIM."
My only question is: If we go with Ex-Im for the $85M and 15% is needed(= $12.75M), do we need to wait until the official Q or K comes out(beginning of 2018) that shows revs for the entire BTL annual amount, or will some form of legally-binding contract that promises Ex-Im that TPAC and BTL will agree to 1yr w/out backing out suffice?
3) Social Media and Company Communications:
In this section the following will be provided: Information and chosen highlights from TPACbearings Twitter feed (from July 2015-Present), Info and Highlights from TPACMuse, and any applicable information coming from BRMcKay; also included may be email updates from IR to the general investor base.
Note to Readers: The TPACbearings feed will include the share buyback announcements; and as a counterpoise, the TPACMuse feed will include the termination of share buybacks for 2016 as well as current share structure as most recently posted by IR. Please also remain cognizant of the fact that certain social media disclosures will only appear once within each Twitter feed. That said, within the post highlight reel in Section 4, readers may or may not come across content that has been extracted from each respective Twitter feed by investors for the sake of proper and thorough dissemination of information, and for additional emphasis which be deemed as adding to the circulation of due diligence.
a)TPACbearings
TPAC Bearings @TPACbearings 3 Jul 2015
photos of our primary sub. They make our tooling, components and finish machine our assemblies. They're a great supplier and great friends!
(Note: For images of Billiontek, scroll to July 3rd, 2015)
TPAC Bearings @TPACbearings 3 Jul 2015
NAVAIR visited them last August. Very happy with BTL. Effectively our partner. AS9100 approved.
TPAC Bearings @TPACbearings 3 Jul 2015
Those concerned with time to get started need to understand it's not just qualification. It's supply chain. Quality assurance. Takes time
TPAC Bearings @TPACbearings 3 Jul 2015
When one says 5 years & nothing done they don't know aerospace. barriers to entry are huge. We're on pace & ahead of most in accomplishments
TPAC Bearings @TPACbearings 6 Jul 2015
Bearing prices range from $4.00-$15,000/unit depending on size, material, lead time and quantity. Our NAVAIR QUAL is for 5 years from 8/13
TPAC Bearings @TPACbearings 6 Jul 2015
1 note remaining.Matures in October but can convert in August. Read the Q. The November notes were retired in June. We'll retire August note
TPAC Bearings @TPACbearings 6 Jul 2015
@cocohead0327 I guess 99% of OTC companies haven't spent $4 million & 3 years getting approved to sell parts. Aerospace takes time & money
TPAC Bearings @TPACbearings 6 Jul 2015
@cocohead0327 And we've done it faster and cheaper than anyone else in the last 30 years
TPAC Bearings @TPACbearings 7 Jul 2015
Some have selective literacy. The K says my salary is $180k (& some post that) the same K says I always waive it. Not been paid since 2011
TPAC Bearings @TPACbearings 10 Jul 2015
Let me clarify. We WILL pay off the Asher/KBM note on or before July 23, 2015 (my birthday)!
TPAC Bearings @TPACbearings 10 Jul 2015
The KBM/Asher note is being repaid with cash. We are NOT using stock to repay the note. It is a cash transaction; a repayment using cash.
TPAC Bearings @TPACbearings 10 Jul 2015
As stated in the Q this is the second and final KBM note. The other was paid previously and mentioned in PR. This is last of toxic debt
TPAC Bearings @TPACbearings 13 Jul 2015
Received payoff amount from KBM. Payoff will be in cash on July 23 or sooner. $66,378.08.
TPAC Bearings @TPACbearings 13 Jul 2015
Just updated the http://SAM.gov info and CAGE Code renewals. Good for another year!
TPAC Bearings @TPACbearings 16 Jul 2015
The company will not take on toxic debt in the future. With the 7/22-7/23 retirement of the KBM/Asher note that chapter will be closed.
TPAC Bearings @TPACbearings 17 Jul 2015
TPAC issued the Timken Press Release without prior Timken approval. Subsequent to issuance of PR the purchase order was canceled by Timken.
TPAC Bearings @TPACbearings 18 Jul 2015
We do not see this as a setback to our business plan but it is a lesson learned in following protocol.
Stanley Miller @Miller38Sm 17 Jul 2015
@TPACbearings damn! How much was that worth?
TPAC Bearings
@TPACbearings
@Miller38Sm very minor. Under $9,000
TPAC Bearings @TPACbearings 18 Jul 2015
If you read our business plan you will see our focus is on China market development and working with AVIC. That remains our focus
TPAC Bearings @TPACbearings 18 Jul 2015
@ChrisHecker The third party was Timken. Suffice to say it was a gross error on my part to not wait for a reply and not follow protocol
TPAC Bearings @TPACbearings 18 Jul 2015
@The_Real_ATL I want to say one thing. People push and push for constant info. This is a long term stock. Don't expect daily results
TPAC Bearings @TPACbearings 18 Jul 2015
I fell into a trap. Made a mistake. My fault. Won't happen again. I will exhibit patience and stay focused. Others should too. Be realistic
TPAC Bearings @TPACbearings 21 Jul 2015
KBM/Asher note was paid off in full, in cash today. Wire was accepted by KBM. 8-K will be filed tomorrow. This was last of "toxic debt".
TPAC Bearings @TPACbearings 22 Jul 2015
@GTrades17 Note was paid in cash. No shares were issued to raise cash to repay the note. No shares were issued in exchange for note payoff
TPAC Bearings @TPACbearings 23 Jul 2015
There will be no RS. We will stick to our plan. Let the critics bash. I am very confident in our path.
TPAC Bearings @TPACbearings 25 Jul 2015
@The_Real_ATL we use FedBizOps and commodity requests. We receive direct requests. Govt Bearings are acquired directly by DCASR and DLA.
TPAC Bearings @TPACbearings 26 Jul 2015
Shop is coming along nicely. Clean room done. Doing electrical now. Then floors. Then move in equipment. New sign. Will post pics when done
Brian Wayne Davis @BrianWayneDavi1 1 Aug 2015
@TPACbearings hi there! Couple of questions. New potential investor. Can u share the size/capacity of the new facility in China?
TPAC Bearings
@TPACbearings
@BrianWayneDavi1 with the machinery and equipment we have, we can do $20-30 million. We could do $50-75 million in this shop
TPAC Bearings @TPACbearings 1 Aug 2015 East Pasadena, CA
@BrianWayneDavi1 It just so happens that U.S. Navy (NAVAIR) is the qualifying agency for these bearings. Where the factory is, is irrelevant
@BrianWayneDavi1 NAVAIR tests our products to the standard and Boeing, Airbus etc. buy to that standard for commercial aircraft
Brian Wayne Davis @BrianWayneDavi1 1 Aug 2015
@TPACbearings understood, but I thought the whole reason you are starting up in China is to sell within China since there is no 24% duty??
TPAC Bearings
@TPACbearings
@BrianWayneDavi1 That's true. But to sell in China we still need NAVAIR approval. China builds parts for Boeing and Airbus
TPAC Bearings @TPACbearings 1 Aug 2015
@BrianWayneDavi1 COMAC C919, built in China will be sold internationally so needs NAVAIR approved bearings. All bearings must be qualified
Brian Wayne Davis @BrianWayneDavi1 1 Aug 2015
@TPACbearings you make this special liner in the U.S. Are you going to make this in China as well or ship it there from US
TPAC Bearings
@TPACbearings
@BrianWayneDavi1 We will make it in the USA. We want to control and maintain the proprietary process of production.
5:21 PM - 1 Aug 2015
Brian Wayne Davis @BrianWayneDavi1 1 Aug 2015
@TPACbearings that makes sense. So the rest of the bearing assembly will be produced and assembled in China?
TPAC Bearings @TPACbearings 1 Aug 2015 East Pasadena, CA
@BrianWayneDavi1 Yes that's right. Components are made in China and all assembly and machining operations are done in China.
TPAC Bearings @TPACbearings 9 Aug 2015
Renovation is complete. Machinery and equipment will be moved back in approximately 10 days. We want to let the floor cure.
(Note: For 'before and after' images of the TPAC China factory, see Aug 9th, 2015; for images of machine installation, see Aug 28th, 2015; more images on Sept 20th, 2015 of completed factory with tables, etc.)
TPAC Bearings @TPACbearings 29 Aug 2015
@bruczybill All machinery, tooling and equipment is owned outright without debt, as is raw material.
TPAC Bearings @TPACbearings 23 Sep 2015
@BagsTom Our components are generated on Haas and local CNC lathes. Not 5 axis mills. Can't make them on a mill. The presses are not CNC.
TPAC Bearings @TPACbearings 23 Sep 2015
@BagsTom Each press can generate $10 million in revenue annually. We have 2 presses & can add another at a cost of 6 weeks & $11k per press
TPAC Bearings @TPACbearings 23 Sep 2015
@BagsTom All machining is done offsite as is final inspection and packaging. AS9100 facility. Acceptable to NAVAIR
TPAC Bearings @TPACbearings 23 Sep 2015
@BagsTom We do liner prep & installation, curing, swaging, tolerance & inspection at our shop. All acceptable under the NAVAIR spec 81820
TPAC Bearings @TPACbearings 30 Sep 2015
People talk of 5 years & nothing to show for it but let's look at the facts. In 2010 we raised private funds for qualification. $1.2 million
TPAC Bearings @TPACbearings 30 Sep 2015
We get license from China in 10/10 and ship tooling and buy equipment. We start making parts in 2/11. We submit test parts to NAVAIR 7/11
TPAC Bearings @TPACbearings 30 Sep 2015
First test report comes back as having failed in 11/11 even though we had independent lab pass other test parts.
TPAC Bearings @TPACbearings 30 Sep 2015
We submit new parts in 6/12 and receive negative results in 10/12. Submit third batch in 1/13 & pass in 4/13. Extremely short approval time
TPAC Bearings @TPACbearings 30 Sep 2015
NAVAIR grants conditional approval based on visit to facility. Govt sequester prevents Navy travel until 8/14 when we receive final approval
TPAC Bearings @TPACbearings 30 Sep 2015
Between 3/14 and 3/15 we are in constant negotiations with Harbin. They won't make a decision so we break off discussions
TPAC Bearings @TPACbearings 30 Sep 2015
So while everyone says 5 years we have only been approved for 13 months. We cannot and would not receive a purchase order prior to approval
TPAC Bearings @TPACbearings 30 Sep 2015
Presently we are negotiating 2 acquisitions and a JV as well as potential purchase orders. For many reasons I will not disclose details
(Note: Company has changed strategy and has chosen the route of SLA's and LA's rather than acquisitions. See Muse feed for details. Also, JV appears to be with AVIC and is still in the works as of 7/9/16. This feed will continue to post on acquisitions as information may assist some investors in their own personal due diligence.)
TPAC Bearings @TPACbearings 30 Sep 2015
We've been asked to supply product capabilities for Boeing, COMAC & other aircraft. These requests have come both from OEMs & subcontractors
TPAC Bearings @TPACbearings 30 Sep 2015
We've supplied the info & are working on possible purchase orders with these end users. I will not now disclose the customers nor other info
TPAC Bearings @TPACbearings 30 Sep 2015
We are still discussing potentially significant orders with Chinese customers for certain bearings. We are the only Chinese source available
TPAC Bearings @TPACbearings 30 Sep 2015
Claims are of little done in 5 years but what other company has fully qualified under SAE-AS81820 in China or elsewhere in last 10-15years?
TPAC Bearings @TPACbearings 1 Oct 2015
@Lil_Wise_Guy No. Our bearings don't turn 360 degrees. Ours articulate. Guys like SKF, Timken, FAG make rotating ones. They don't make ours
TPAC Bearings @TPACbearings 1 Oct 2015
@Lil_Wise_Guy Companies like Kamatics, Kahr, NHBB, Minebea in Japan, RBC and Aurora make aerospace plain spherical bearings like TPAC
TPAC Bearings @TPACbearings 1 Oct 2015
@Lil_Wise_Guy Not one of them makes aerospace spherical bearings in China or any other Asian country except Japan.
TPAC Bearings @TPACbearings 1 Oct 2015
@Lil_Wise_Guy Any self-lubricating spherical bearing used in China for Boeing, Airbus COMAC etc aircraft are imported from Japan or the US.
TPAC Bearings @TPACbearings 4 Oct 2015
In order to obtain NAVAIR approval one must have an approved quality system. It's in the spec. Our system is approved & in place. No worries
TPAC Bearings @TPACbearings 4 Oct 2015
Furthermore, parts submitted for testing must be from production runs. Also in the spec. Reading the spec will answer many questions.
TPAC Bearings @TPACbearings 13 Oct 2015
Our debt & deficit are different. Debt is only $260,000. We've only 1 creditor to repay. $260,000. And African swallows are non-migratory
TPAC Bearings @TPACbearings 13 Oct 2015
@plba1ler4lyfe All the convertible debt. The remaining is long-term. No set due date. In friendly hands so no worries
TPAC Bearings @TPACbearings 16 Oct 2015
The $260k debt can convert at 25 cents. Hardly toxic. It's in friendly hands.
TPAC Bearings @TPACbearings 16 Oct 2015
To date we've seen 68 parts that COMAC needs that we are the only Chinese company qualified to produce. We continue to review other part #s
In reply to Dave
TPAC Bearings @TPACbearings 17 Oct 2015
@djrvp2 This is a new program C919. We want on now for future full-scale production. Also this is only one aircraft section not entire plane
TPAC Bearings @TPACbearings 17 Oct 2015
@djrvp2 Yes. We are only reviewing 1 small section of the aircraft at this point. 1st flight should be 2016 with 1st deliveries in 2018
TPAC Bearings @TPACbearings 19 Oct 2015
@djrvp2 Especially aerospace. China's spent billions developing C919 & aren't quitting because they've slipped dates. Look at the long run
TPAC Bearings @TPACbearings 21 Oct 2015
Let me clarify NAVAIR approval. There are multiple approvals for many specifications. We are approved under SAE-AS81820 and SAE-AS81934
TPAC Bearings @TPACbearings 21 Oct 2015
These approvals are for self-lubricating plain SPHERICAL bearings & bushings. Not rolling element bearings. Different parts & applications
TPAC Bearings @TPACbearings 21 Oct 2015
The approved sources for SAE-AS81820 and 81934 are RBC, Minebea, Aurora, Kahr, Kamatics, Specline, SKF (for some applications) and TPAC.
TPAC Bearings @TPACbearings 21 Oct 2015
Some of these companies have multiple factories and each facility must be qualified. The ONLY facility in China that is qualified is TPACs
TPAC Bearings @TPACbearings 21 Oct 2015
Minebea & SKF have shops in China, but none are approved to 81820 or 81934, Only TPACs. All 81820 bearings imported are subject to 24% duty
TPAC Bearings @TPACbearings 21 Oct 2015
So the fact that SKF & Minebea have China shops is irrelevant. They don't make 81820 bearings. Timken doesn't make spherical bearings at all
TPAC Bearings @TPACbearings 21 Oct 2015
A CAGE Code simply means you are registered with and can sell to the federal government.
TPAC Bearings @TPACbearings 21 Oct 2015
CAGE Codes are issued to everyone from aircraft builders to small tool makers. CAGE Codes don't mean you can necessarily sell bearings
TPAC Bearings @TPACbearings 21 Oct 2015
To sell SAE-AS81820 bearings to Boeing/Airbus Etc you need NAVAIR 81820 approval. Boeing etc must use NAVAIR approved parts per drawings
TPAC Bearings @TPACbearings 21 Oct 2015
To sell C919 outside China the planes must be FAA certified. China will export C919 so they must use NAVAIR approved SAE-AS81820 bearings
Scott Marvel @scottmarvel1 3 Nov 2015
@TPACbearings Hope progress is moving forward. Any new updates coming down the pipe soon? Also have you started running any trial parts?
TPAC Bearings
@TPACbearings
@scottmarvel1 we don't need more trial parts. We have been approved. PR will be issued with substantive news
TPAC Bearings @TPACbearings 9 Dec 2015
We will be filing an 8-K regarding the retirement of 500 million shares of unrestricted common stock that are now out of the float & OS.
(Note: While buybacks have ceased, proof of share retirement can be validated via going back through 8-k's filed by company)
TPAC Bearings @TPACbearings 15 Dec 2015
This was today. I was invited to speak this morning. These vehicles do use bearings. Extremely cold and early morning snow. Good opportunity
(Note: Images of speaking engagement and of Projen product launch can be seen via Twitter feed dating Dec 15th, 2015 and Dec 16th, 2015)
TPAC Bearings @TPACbearings 16 Dec 2015
Great meetings with Projen folks in Bijie
TPAC Bearings @TPACbearings 16 Dec 2015
We've retired another 200 million shares. Total acquired & removed from float to date is 703,200,002 shares of common. 8-K out on 12/17/15
Aric @Aricholland 20 Dec 2015
@TPACbearings Is TPAC currently manufacturing its engineered bearings?
TPAC Bearings
@TPACbearings
@Aricholland Yes. We have received a PO and are making parts for that order
(Note: This is likely the official commencement of Phase 3 of the original business plan in which TPAC has moved from factory build-out to sales and purchase orders; likely the $109k PO; possibility this PO was the 68 trialed parts for COMAC; prototype images posted Dec 20th, 2015)
TPAC Bearings @TPACbearings 20 Dec 2015
@Aricholland These bearings don't spin. They articulate, like an elbow joint. High load, slow movement, misalignment and some rotation
TPAC Bearings @TPACbearings 21 Dec 2015
@JeremyALuth Depends on size & material.We can make bearings from 1/2"-14" OD. Static Axial & radial loads can be in excess of 1 million lbs
TPAC Bearings @TPACbearings 21 Dec 2015
@JeremyALuth The smaller is a 5" OD. The larger is 6.3". The smaller takes a 162,000 lb radial limit load. The larger, a 135,000 lb load
TPAC Bearings @TPACbearings 21 Dec 2015
@JeremyALuth And the liner takes those loads without breaking down!!
TPAC Bearings @TPACbearings 22 Dec 2015
Meeting with major international aerospace parts distributor. Taking steps to become their first approved supplier for bearings.
TPAC Bearings @TPACbearings 22 Dec 2015
In early January I will be meeting with Boeing in Seattle area to initiate Boeing approved supplier process for our Dongguan China shop
TPAC Bearings @TPACbearings 22 Dec 2015
@ericroseman1 We plan to become a supplier to Boeing & thereby make & sell parts to Boeing, both our catalog parts & Boeing designed parts
TPAC Bearings @TPACbearings 23 Dec 2015
Just retired another 200 million shares. Will post 8-K next week with updated retirement quantity for last 10 days of this month.
TPAC Bearings @TPACbearings 27 Dec 2015
OTC Markets was updated. Don't know when it will post. That's up to OTC Markets. O/S is 2,324,350,898. Float is 2,085,350,898 as of 12/27
Chanteur Designs @ChanteurDesigns 27 Dec 2015
@TPACbearings Have these people seen your product already or will the meeting in January be to introduce them to TPAC's Bearings?
TPAC Bearings
@TPACbearings
@ChanteurDesigns Our bearings are approved under SAE-AS/NAVAIR standards so they know the parts. Approval makes this an accepted commodity.
TPAC Bearings @TPACbearings 27 Dec 2015
@ChanteurDesigns So they know our bearings. We will discuss capabilities, capacity and Boeing approval of our NAVAIR approved quality system
TPAC Bearings @TPACbearings 27 Dec 2015
@AlSingh8 I'm very confident we can get them as a customer and we will become an approved supplier. I won't guess as to timing of first PO
TPAC Bearings @TPACbearings 27 Dec 2015
Boeing buys bearings & lots of them under the category of Common aerospace commodities. They're also bought by subcontractors for assemblies
TPAC Bearings @TPACbearings 28 Dec 2015
Neither TPAC nor insiders nor friends are or have been selling shares. See filings. We have no common shares to sell & have never had them.
TPAC Bearings @TPACbearings 28 Dec 2015
Our bearings meet or exceed international quality & performance standards. NAVAIR approved us. With approval, bearings can be made anywhere
TPAC Bearings @TPACbearings 28 Dec 2015
It was a long and challenging process to get approval, but once we did, our bearings can be legally used on any aircraft in the world
TPAC Bearings @TPACbearings 28 Dec 2015
Our end users & customers include Boeing, Airbus, Embraer, Bombardier, NGC, Lockheed Martin & all general aviation OEMs & subcontractors
TPAC Bearings @TPACbearings 28 Dec 2015
All of these companies buy bearings and all can buy TPAC bearings, as can COMAC and AVIC in China
TPAC Bearings @TPACbearings 28 Dec 2015
We use US steel and US made liner. Only the labor is performed in China. Read the business plan. It clearly spells out our strategy
TPAC Bearings @TPACbearings 28 Dec 2015
Claims insiders/TPAC are dumping can easily be disproved. Look at past filings. No sales by insiders and no sales of common by TPAC. Ever!
In reply to Aric
TPAC Bearings @TPACbearings 28 Dec 2015
@Aricholland Our goal is to uplist to get to NASDAQ. I'm confident we can get there. Just takes patience, goal accomplishment & hard work!
TPAC Bearings @TPACbearings 28 Dec 2015
We will stay with our plan & grow TPAC. We focus on growth through sales, partnership & acquisitions While we continue reduce O/S for uplist
TPAC Bearings @TPACbearings 28 Dec 2015
My job is to protect TPAC shareholders, so when someone flat out lies I'll set the record straight. When the shareholders succeed, I do too!
TPAC Bearings @TPACbearings 29 Dec 2015
The 8-K has been released. Under this program we have now retired more than 1 billion shares from the float.
TPAC Bearings @TPACbearings 29 Dec 2015
Following last week's PR we were able to retire another 100 million shares, hence the larger number in the 8-K
TPAC Bearings @TPACbearings 30 Dec 2015
New Year approaches & we have lots to be thankful for & great expectations for 2016. In no particular order of time we expect the following:
TPAC Bearings @TPACbearings 30 Dec 2015
Two to three significant acquisitions; partnership with a major Chinese aerospace firm; approved supplier to Boeing, Airbus, COMAC & Embraer
TPAC Bearings @TPACbearings 30 Dec 2015
Contracts from major OEMs & subs, Marketing agreements with major international firms, Continued share repurchases, new product development
TPAC Bearings @TPACbearings 30 Dec 2015
OTC Markets update has posted. However, there'll be a new update soon. New O/S is 2,224,350,896. New float is 1,985,350,896 as of 12/30/15.
TPAC Bearings @TPACbearings 30 Dec 2015
To clarify, OTC now reflects retirements through 12/27. We retired 100m shares since then. New O/S is 2.2b & float is 1.98b. New update soon
TPAC Bearings @TPACbearings 31 Dec 2015
Happy to say we just signed a marketing deal with an Australian company. They'll market our products in Australia, SE Asia & Middle East.
TPAC Bearings @TPACbearings 31 Dec 2015
They'll target aviation, aerospace, mining, naval & defense industries. Great company & contacts. Excellent opportunity for TPAC growth!
TPAC Bearings @TPACbearings 31 Dec 2015
Just received request from large Chinese company to assemble bearings. Meet Boeing on 1/8 & fly to China on 1/9 for this work & AVIC meeting
Carson Stauss @cstauss7 31 Dec 2015
@TPACbearings Is this separate from prior announced $100K CHINA based PO? Can you provide $ value?
TPAC Bearings
@TPACbearings
@cstauss7 It's separate. I don't know the value yet. It could be somewhere between 5-7 figures. It depends on customer product development
TPAC Bearings @TPACbearings 31 Dec 2015
We've a product to improve ship maintenance & ops. We will present this to Chinese & Aussie defense & civilian groups. Low cost/high volume
TPAC Bearings @TPACbearings Jan 1
Our liner is proprietary and can't be duplicated so we can protect our IP. MS category of Self-lubricating bearings MUST be NAVAIR approved
TPAC Bearings @TPACbearings Jan 1
This is what takes so long and costs so much; the design and approval process. We are one of six to do it
TPAC Bearings @TPACbearings Jan 3
The shares we are reducing are coming from the marketplace, the float, not from insiders
TPAC Bearings @TPACbearings Jan 3
@o_3207 It's not done. The June retirement isn't part of the 1.8 billion. The new goal of 1.8 billion was set after the June retirement.
TPAC Bearings @TPACbearings Jan 5
TPAC has just been approved as a Boeing Supplier. We're anxious to develop a fruitful relationship with Boeing as part of our 2016 strategy
TPAC Bearings @TPACbearings Jan 5
We are also working on an approval with a major international aerospace distributor and will work to obtain other OEM approvals as well.
TPAC Bearings @TPACbearings Jan 5
We are also working with a major Chinese aerospace subcontractor to develop and assemble bearings for the Chinese domestic airline industry
TPAC Bearings @TPACbearings Jan 6
People are asking about capacity constraints and current capacity. With our machine tools and tooling we can produce $25-40 million annually
TPAC Bearings @TPACbearings Jan 6
To double capacity would take a capital investment of no more than $50,000 and 6-12 weeks.
TPAC Bearings @TPACbearings Jan 6
The shop is set up to allow us to exceed $200 million in production without expansion and we have enough liner material to last for 2 years
TPAC Bearings @TPACbearings Jan 6
There is an open invitation for people to visit the shop in Southern China. Just check with me and we can arrange a visit.
TPAC Bearings @TPACbearings Jan 6
People are saying we need NADCAP approval to become a Boeing supplier. NADCAP is for processing like heat treat & plating. We don't do that
TPAC Bearings @TPACbearings Jan 6
We use NADCAP approved vendors for those services. We are a manufacturer, not a processor. So NADCAP is inapplicable for us.
TPAC Bearings @TPACbearings Jan 7
@Daniel452379 We received an order for $100,000+ already. That is not an insignificant order for an early stage company.
TPAC Bearings @TPACbearings Jan 7
We're very happy to add Jason Wenig to our board. His knowledge of the automotive industry & capital markets will be a great benefit to TPAC
TPAC Bearings @TPACbearings Jan 7
@guyatlantic Forming a partnership with two AVIC groups in South China. One's for component manufacturing & one's for sales & distribution
TPAC Bearings @TPACbearings Jan 7
Someone claims insider comp was $3.6m for 1st 9 months 2015. It was actually 387m shares with book value of $387k. Market value was $116,700
TPAC Bearings @TPACbearings Jan 7
And no current officer, director or insider has ever sold a share.
Dwight Johnson @TheSpiceRacket Jan 7
@TPACbearings How do you get anything done by spending all day on IHUB and tweeting everyday ????
TPAC Bearings
@TPACbearings
@TheSpiceRacket Shareholders ask questions. I answer them. You think this takes all day? You think I should ignore their concerns?
TPAC Bearings @TPACbearings Jan 8
Excellent meeting at Boeing with 5 bearing folks from most senior to most junior. We laid out a game plan to develop the market
TPAC Bearings @TPACbearings Jan 8
TPAC has a couple of things to do this weekend, which should lead to RFQs and long-term orders taking advantage of price and China offsets
TPAC Bearings @TPACbearings Jan 8
This gives us a huge opportunity. It also allows us the opportunity to assist AVIC with Boeing & help grow the AVIC/TPAC relationship.
TPAC Bearings @TPACbearings Jan 8
We are building a company here and every layer is important, but this one was significant it its potential short and long term impact
TPAC Bearings @TPACbearings Jan 8
This is aerospace so things don't happen instantly but we are on the right path to become a significant worldwide player in the industry
TPAC Bearings @TPACbearings Jan 8
@guyatlantic AVIC needs our help with Boeing, so they can push back the meeting in China. This work is a higher priority at the moment.
TPAC Bearings @TPACbearings Jan 10
@ericroseman1 AVIC is the largest aerospace company in China. We're working on developing a manufacturing partnership with 1 of their groups
TPAC Bearings @TPACbearings Jan 10
@ericroseman1 AVIC wants us to help get the partnership approved for non-bearing standard parts. We know the process & the people to contact
TPAC Bearings @TPACbearings Jan 10
@ericroseman1 Boeing is interested in our bearings as is AVIC. The other parts we are talking about are non-bearing standards
Aric @Aricholland Jan 11
@TPACbearings thanks for clearing that up. It sounds like you are trying to secure a lot of p.o's, will $tpac be able to keep up?
0 retweets 2 likes
TPAC Bearings
@TPACbearings
@Aricholland Yes. Increasing capacity is always a problem, but it's a good problem. We have MEs experienced in doing this.
TPAC Bearings @TPACbearings Jan 11
When we issued the Timken PR, Timken received 318 harassing emails and calls within 2 hours. As a result they canceled the order
TPAC Bearings @TPACbearings Jan 11
We have a lot of forthcoming news. Don't expect something monumental every day. It doesn't work that way. Be patient & there will be results
TPAC Bearings @TPACbearings Jan 11
We have and continue to work very hard and we are confident that this will be a breakout year (not minute or day or week but year) for TPAC
TPAC Bearings @TPACbearings Jan 11
If you're looking for a quick flip and profit, go elsewhere. If you're looking for long-term success then stick around. We aren't normal OTC
TPAC Bearings @TPACbearings Jan 11
@lippsterr What debt? We have exactly $260,000 in debt and its in friendly hands with a conversion price of 25 cents. That's all our debt.
TPAC Bearings @TPACbearings Jan 11
The $20 million is a deficit not debt. It will go against future profits to offset income tax. So it's not a bad thing and SOP for a startup
OCMillionare @OCMillionaire Jan 11
@TPACbearings- Any price projections on pps value right now? I am thinking .07+ with the buyback going on of course..
TPAC Bearings
@TPACbearings
@OCMillionaire That's one thing I stay away from. I try to focus on making parts.
TPAC Bearings @TPACbearings Jan 11
I ended my tenure at Sunbase Asia in 1999 and I got into TPAC in 2010. Anything at Sunbase Asia post-1999 or TPAC pre-2010 didn't involve me
TPAC Bearings @TPACbearings Jan 11
When I started at Sunbase the stock was trading at 25 cents.During my tenure it reached high of $14+ & went to NASDAQ. I stand on my record
TPAC Bearings @TPACbearings Jan 11
@ilovestocks85 I was CEO from late 1995-mid-1999 during which time our US and China operations achieved unprecedented growth.
TPAC Bearings @TPACbearings Jan 12
Insider shares aren't in the float. Insiders holding shares in the float must report them. We are retiring common shares from the float.
Grit @Gritblack13 Jan 12
Grit Retweeted CNBC International
@TPACbearings looks like the big boys tied with over 1000 orders each. ? How many bearings in one plane on average?
In reply to Grit
TPAC Bearings @TPACbearings Jan 12
@Gritblack13 @CNBCi $500,000/aircraft
In reply to Grit
TPAC Bearings @TPACbearings Jan 12
@Gritblack13 @CNBCi Replacement is about $50,000/aircraft/year
TPAC Bearings @TPACbearings Jan 13
Insider sales must be disclosed & are subject to volume limits. There aren't any insider sales. No current director or insider has ever sold
TPAC Bearings @TPACbearings Jan 13
Preferred shares are held by insiders and have severe restrictions on conversion back to common and then SEC restrictions on selling
TPAC Bearings @TPACbearings Jan 13
No preferred shares have ever been converted to common. Can this be any clearer?
TPAC Bearings @TPACbearings Jan 13
OTC still hasn't updated. Current numbers are O/S: 2,224,350,896. New float is 1,985,350,896 as of 1/13/16. I will enter the update again
TPAC Bearings @TPACbearings Jan 13
Heading to China 1/13 AM Meeting with AVIC marketing & manufacturing groups to outline partnership & discuss their RFQ & we've parts to make
TPAC Bearings @TPACbearings Jan 16
@Aricholland Depending upon the part, quantity required and available tooling and components, parts can be produced in as little as a week
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TPAC Bearings
@TPACbearings
@ChanteurDesigns No. We've already received NAVAIR qualification approval, so our bearings are an approved commodity. They wanted paperwork
TPAC Bearings @TPACbearings Jan 18
Much confusion re TPAC. I was asked if we gave Boeing a sample. I said we are NAVAIR approved so it's not necessary. They wanted paperwork
TPAC Bearings @TPACbearings Jan 18
I was then asked if we had an RFQ. I didn't/won't answer that. I won't tip our hand to competitors. No order ever is placed without an RFQ
TPAC Bearings @TPACbearings Jan 18
For people to suggest we will get a $500 million order is unrealistic. That's 1/3 the annual market. No one gets that. Be realistic.
TPAC Bearings @TPACbearings Jan 18
Read the business plan projections. Those numbers are realistic. TPACs success will not happen in a day. It's a marathon not a sprint
TPAC Bearings @TPACbearings Jan 20
One of our directors is attending the Boeing Production Summit today. Discussions center around Boeing needs & our ability to meet the needs
TPAC Bearings @TPACbearings Jan 20
We are also meeting with engineering staff to discuss products and procedures for approval of new products
TPAC Bearings @TPACbearings Jan 20
In April we will attend the Aerospace and Defense Supplier Summit in Seattle
TPAC Bearings @TPACbearings Jan 21
Boeing's central focus is quality, delivery & cost savings. Suppliers range from mom& pop shops to multinationals & everything in between.
TPAC Bearings @TPACbearings Jan 21
Supplier base is worldwide. It's a fool's errand to discount TPAC due to size or China location. We offer a needed product at a low price
TPAC Bearings @TPACbearings Jan 21
To think Boeing only deals with large suppliers shows a total lack of knowledge of the industry. Product need & price, not size are critical
TPAC Bearings @TPACbearings Jan 21
Visit the Boeing website to get a feel for what they want in a supplier. Nowhere is size mentioned. The criteria are quality-delivery-price
TPAC Bearings @TPACbearings Jan 21
We are approved to make and sell bearings, we have superior delivery times and great pricing AND China offset advantages no one else has
TPAC Bearings @TPACbearings Jan 23
In order to obtain AS81820 approval one must make parts that pass testing requirements AND have in place a quality system approved by NAVAIR
TPAC Bearings @TPACbearings Jan 23
One can't get AS81820 approval without an approved quality system in place. We're approved to make & deliver parts & do so. It's that simple
TPAC Bearings @TPACbearings Jan 23
Safety is paramount in this industry and we pride ourselves on using only US made aerospace standard certified raw materials and US designs
TPAC Bearings @TPACbearings Jan 23
To achieve final approval, NAVAIR visited our China facility & saw our machinery, tooling, QA system to verify we made our parts at our shop
TPAC Bearings @TPACbearings Jan 23
Prior to NAVAIR visit in 8/2014 we had conditional approval pending NAVAIR shop visit & QA system review. Unconditional approval was in 9/14
TPAC Bearings @TPACbearings Jan 25
Great Shanghai road show for I banker. Strong interest from 3 funds. They love NAVAIR approval. I'm providing info & will meet funds in Feb
TPAC Bearings @TPACbearings Jan 25
Plan is to acquire 1 Chinese target & partner with AVIC groups where we have majority control. Get Boeing qual for all & target other groups
(Note: China acquisition target was likely Billiontek. We now have a ten yr $135M SLA with them as well as a $1M LA; AVIC and TPAC still optimistic for LOI regarding JV; Boeing qual moving along nicely to date)
TPAC Bearings @TPACbearings Jan 26
Talked to US aerospace guy tonight about cost of entry into aerospace in time & $. He's stunned how far along we are in so little time or $
TPAC Bearings @TPACbearings Jan 26
Company in Simi Valley is 12 years and $12 million in for R&D and not NAVAIR qualified. But they keep trying. It's a marathon not a sprint.
TPAC Bearings @TPACbearings Jan 28
Results and goals of Boeing Supplier Summit can be found on Boeing website. They want and need new suppliers to drive down costs
TPAC Bearings @TPACbearings Jan 28
They are particularly looking toward foreign/Chinese suppliers to produce lower-cost parts. Cost savings is the main driver for decisions
TPAC Bearings @TPACbearings Jan 28
We are now the first and only bearing supplier to a major international aerospace standards distributor. Our QA system was approved.
TPAC Bearings @TPACbearings Jan 29
Expect term sheet from I bankers. Financing would allow 4-5 strategic acquisitions in China. Targets can get Boeing qualification thru TPAC
TPAC Bearings @TPACbearings Feb 2
Just got an invitation from Projen HQ to go to Dali City after Chinese New Year to discuss a partnership. Will go in late Feb or early March
TPAC Bearings @TPACbearings Feb 2
This is a big opportunity to us to partner with a significant auto/truck manufacturer wanting to develop internationally. Great invitation!
TPAC Bearings @TPACbearings Feb 2
Projen are the Lifan Shijun group. Projen is their top line of vehicles, with Sojen below that. They're the folks I spoke for in Bijie
TPAC Bearings @TPACbearings Feb 4
Working on a presentation requested by Boeing re capacity & capabilities for BQMS & orders. Once done I will post it to the TPAC website
(Note: The following Tweets are in regard to the clerical error as pertains to the SS. Bill is a stand-up guy, took responsibility and made sure everything was made right in the end.)
TPAC Bearings @TPACbearings Feb 10
I used a base number given to me by the TA. I found out today that the number was understated. The number for shares retired is accurate.
TPAC Bearings @TPACbearings Feb 10
Additionally some restricted shares have been issued out as part of transactions we are working on, but only a small portion
TPAC Bearings @TPACbearings Feb 10
The responsibility for error lies with me, not the TA. Ultimately I'm responsible for my posts. I should have double checked the numbers.
(Note: End of SS error posts)
TPAC Bearings @TPACbearings Feb 17
We've a marketing expert on our board. He's infinitely better at creating great presentations than me. I make parts. We use our strengths.
TPAC Bearings @TPACbearings Feb 23
Ye of little faith...
(Note: Feb 23rd, 2016, Bill posts proof of TPAC/Boeing; see images)
TPAC Bearings @TPACbearings Feb 23
@Aricholland It's been official for quite some time. I didn't feel compelled to prove it to doubters
TPAC Bearings @TPACbearings Feb 23
We may not deliver on every targeted goal. Nobody can. But we will try. But if we say something has happened, that means it has happened.
TPAC Bearings @TPACbearings Feb 26
Our PO parts are done. Like most aerospace companies, our customer will NOT accept early deliveries. We will deliver just in time per the PO
TPAC Bearings @TPACbearings Feb 26
NAVAIR inspected & approved BTL as our supplier. If we change suppliers we must notify NAVAIR. We're in full compliance with NAVAIR regs
TPAC Bearings @TPACbearings Feb 26
@austinhomer We subcontract manufacturing operations to BTL with the exception of bonding, curing, swaging and torque adjustment.
TPAC Bearings @TPACbearings Feb 26
But we took the extra step and had NAVAIR personnel visit, inspect, review and approve BTL. We wanted this assurance
TPAC Bearings @TPACbearings Feb 26
TPAC owns 55% of Godfrey (China). Both TPAC and Godfrey received qualification approval from NAVAIR; both CAGE Codes. Both are on the QPL.
TPAC Bearings @TPACbearings Feb 28
~2011 auditors wrote off all IP, machinery, tooling & cash in China.They said value couldn't be realized in USA, hence no IP or M&E on books
TPAC Bearings @TPACbearings Feb 28
These expenses are disclosed in filing narratives but not listed in financials as assets of the company.
TPAC Bearings @TPACbearings Mar 8
We just finished preparing liners for various production parts we'll be making when we return to China. Here are some of those we prepared.
(Note: for images of liner, see Twitter feed, March 8th, 2016)
TPAC Bearings @TPACbearings Mar 15
The Q is due 45 days after the end of the quarter ending 1/31/16. The filing deadline is 3/16. It will be filed on 3/16, on time, not late.
TPAC Bearings @TPACbearings Mar 17
We have a presentation meeting early next week in the USA. Once concluded I will disclose details. Following that meeting I go to China.
TPAC Bearings @TPACbearings Mar 17
In China we will meet AVIC, Projen, Align Aerospace China, HK investors & TPAC shareholders. Also we have parts to ship & parts to assemble.
TPAC Bearings @TPACbearings Mar 17
In China we'll meet AVIC, Align Aerospace China, Projen, visiting TPAC shareholders & HK bankers. We will also ship parts & assemble parts.
TPAC Bearings @TPACbearings Mar 17
We will also get started on AS9100-C approval so as to accelerate the Boeing quality review and approval process.
TPAC Bearings @TPACbearings Mar 17
The meeting in the States is a capability and capacity presentation and discussion involving several TPAC directors and an aerospace OEM
TPAC Bearings @TPACbearings Mar 23
We met with the bearing folks and later met with the China folks. Both meetings were very productive. The presentation was well received.
(Note: see image on March 22nd, 2016 of Bill McKay, Paul Wiggum, and Jason Wenig at Boeing for presentation meeting)
TPAC Bearings @TPACbearings Mar 23
We have a well-defined path and will meet with Boeing again in the Seattle area in April and at our shop in China in April or May for a tour
TPAC Bearings @TPACbearings Mar 23
As a point of clarification, the meetings yesterday were with Boeing personnel
TPAC Bearings @TPACbearings Mar 31
Just received confirmation the order was shipped, delivered, received & accepted by customer. Thanks for the patience shown by most people.
TPAC Bearings @TPACbearings Apr 13
Meetings started yesterday. Production starts this weekend. Focus on production & discussions with 1 acquisition target & local AVIC office
TPAC Bearings @TPACbearings Apr 15
We did have someone attend the Boeing summit & discussed BQMS review. We start production here in China today. VPN is extremely problematic
TPAC Bearings @TPACbearings Apr 15
We had someone attend the Boeing summit and discussed BQMS approval process for TPAC. We start production here today. VPN very problematic
TPAC Bearings @TPACbearings Apr 20
BIG news, BIG changes at @TPACbearings. http://tpacbearings.com/news/trans-pacific-ae...ness-needs …
TPAC Bearings @TPACbearings Apr 20
As of 9am EDT, CEO Bill McKay takes hands off approach, allows new management team to run daily day operations.
(Note: This is the timeline introduction to Muse)
TPAC Bearings @TPACbearings Apr 20
As of 2:45pm, we welcome you to use the new @TPACmuse to meet your IRT Specialist for TPAC news. #ShuttingBillDown
TPAC Bearings @TPACbearings Apr 21
If you haven't yet, please head over to @TPACmuse to get your daily @TPACbearings updates. #MovingForward
TPAC Bearings @TPACbearings May 4
License lets Aussies sell parts under TPAC name & make non-NAVAIR parts in Australia for Navy. We get revenue from those sales
TPAC Bearings @TPACbearings May 4
Turnbull Initiative funds Aussie companies using new technology. We need an Aussie company for Turnbull & military contracts hence a license
TPAC Bearings @TPACbearings May 4
@CountryMac1 Yes. We shipped parts on 3/31. Revenue is booked when parts ship. Period ended on 4/30, so revenue will show for next Q. WRM
TPAC Bearings @TPACbearings May 4
The parts for the Aussie Navy need our self-lubricating liner & technology to install l, but don't need NAVAIR testing. Not aerospace parts
TPAC Bearings @TPACbearings May 9
Meeting tomorrow in So Cal with significant worldwide aerospace parts distributor to discuss needs in USA, China and Canada
TPAC Bearings @TPACbearings May 9
TPAC bearings were discussed yesterday in Xi'an for new AVIC project. Both standard MS parts & specially designed bearings were discussed.
TPAC Bearings @TPACbearings May 9
Next week I meet AVIC group in Guangdong. Optimistic an LOI for partnership will be the end result of meeting. Beijing has already reviewed
TPAC Bearings @TPACbearings May 9
@AlexSin21092190 This is for a simple bushing for the Navy. The US Navy buys about $11 million of these annually, all for maintenance
TPAC Bearings @TPACbearings May 9
@AlexSin21092190 While the Aussie Navy is much smaller, they also need to do a full retrofit of the fleet, so initial volume would be larger
TPAC Bearings @TPACbearings Jun 11
We are meeting with BTL senior management tomorrow. Meeting in New York to discuss long-term projects
Legaeveth @legaeveth Jun 11
@TPACbearings Bill do you know anything more on what's going on with Boeing that you are able to tell us?
TPAC Bearings
@TPACbearings
@legaeveth They're providing us a list of Chinese end users to call on for sales. They are also arranging schedules for a trip to China.
trading.jeff @trading_jeff Jun 13
@TPACbearings Was yesterday the meeting with BTL? How did it go? $TPAC
TPAC Bearings
@TPACbearings
@trading_jeff It went well. When BTL management returns to China in 10 days we'll flesh out a plan for mutually beneficial marketing & sales
TPAC Bearings @TPACbearings Jun 13
Just renewed CAGE Code for another year on http://SAM.gov . Good through June 12, 2017
TPAC Bearings @TPACbearings Jun 14
We have new counsel. They are reviewing the Q for the first time. It takes time. Thanks for the understanding & patience of some.
TPAC Bearings @TPACbearings Jun 17
@ktw222 The Boeing guy hasn't gone to China yet. He will be going to a number of shops, so we have to wait to accommodate his schedule
TPAC Bearings @TPACbearings Jun 19
Doing the setup and swaging operation
(Note: see June 19th, 2016 for images)
TPAC Bearings @TPACbearings Jun 22
Assembly work has gone very well. We are making parts for customers and one type of part for NAVAIR for additional approvals.
TPAC Bearings @TPACbearings Jun 22
Our engineer and I are going to Zhuhai this weekend to meet AVIC folks. Discussions center around marketing campaign.
TPAC Bearings @TPACbearings Jun 22
We are taking significant steps to secure AS9100-C compliance and approval and expect certification later this year.
TPAC Bearings @TPACbearings Jun 22
I will be meeting with BTL to discuss and further develop a mutual marketing and sales strategy, which was previously discussed in the USA
TPAC Bearings @TPACbearings Jun 22
BTL discussions will involve mutual cooperation and shared revenue and a common platform and base of operations
TPAC Bearings @TPACbearings Jun 22
We have a large number of quotes for bearing and other machined products that can either be produced by TPAC or outsourced by us in China
TPAC Bearings @TPACbearings Jun 22
We are making progress with Australia and have engaged in discussions with a major international company regarding licensing our technology
TPAC Bearings @TPACbearings Jun 22
We spoke to Wall Street I banker re acquisition strategy. Our team will target US companies to comply with the strategy.
(Note: US acquisitions may still be in the works)
Jack @jwmario Jun 22
@TPACbearings And you did say NO R/S?
TPAC Bearings
@TPACbearings
@jwmario I didn't say it in these posts but I will reiterate. No RS. As always said we'll only consider when it leads directly to uplisting
trading.jeff @trading_jeff Jun 22
@TPACbearings Is there a difference between outsourcing and licensing? Thanks!! $TPAC
TPAC Bearings
@TPACbearings
@trading_jeff Yes. We outsource some machining to avoid environmental and capital outlay issues for machinery. We have a clean shop.
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TPAC Bearings
@TPACbearings
@trading_jeff We license the name and some technology and assist licensees in utilizing the technology
(Note: June 27th-29th, 2016, images of flux capacitor, etc)
TPAC Bearings @TPACbearings Jun 29
@AlexSin21092190 We just signed 2 license agreements for $1 million each. They were mentioned in latest Q. That's not big enough for now?
TPAC Bearings @TPACbearings Jun 29
@Tball890 The liner contains PTFE, which rubs off onto the ball. The ball rubs against the liner PTFE making the bearing self-lubricating
(END OF TPACBEARING TWITTER FEED(to date)
b)TPACMuse Feed
TPACmuse @TPACmuse Apr 21
BREAKING NEWS: As of 4/20, EX-IM BANK Rep approves TPAC documentation for $50,000,000 application for submittal.
Carson Stauss @cstauss7 Apr 21
@TPACmuse Will these updates all be via tweet or wtb links to the $TPAC website/other sources? Wtb summarized later in 1 doc? Thanks
TPACmuse
@TPACmuse
@cstauss7 Indeed, as per the PR, over the next 45-90 days we will have everything in place, this includes updates via tweets/website.
TPACmuse @TPACmuse Apr 21
@GaedeShane
Read: http://tl.gd/n_1sojcn8
TPACmuse @TPACmuse Apr 21
@bruczybill
Read: http://tl.gd/n_1sojcns
In reply to Shane Gaede
TPACmuse @TPACmuse Apr 21
@GaedeShane You're very welcome, the process usually takes up to 30 days, however we've seen a return in as little as 10 business days.
In reply to bruce zalak
TPACmuse @TPACmuse Apr 21
@bruczybill We suggest TPAC not speculate. What we will do is make sure we provide the best information we can in financial and business.
TPACmuse @TPACmuse Apr 21
Welcome To #TPACmuse
Read: http://tl.gd/n_1sojcvu
TPACmuse @TPACmuse Apr 21
TPAC EX-IM BANK
Read: http://tl.gd/n_1sojd4i
TPACmuse @TPACmuse Apr 21
TPAC Holdings/Reconstruction
Read: http://tl.gd/n_1sojd5h
TPACmuse @TPACmuse Apr 21
TPAC starts to receive request for quotes from other BOEING re-sellers.
11 retweets 17 likes
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Stockpicker @lillbirdystocks Apr 21
@TPACmuse How does the Ex Im loan relate to the Asian bankers which Bill has been meeting with for Acquisitions? Is there some sort of JV?
TPACmuse
@TPACmuse
@lillibirdystock No there is not, the new business plan does not even consider the Asian Bankers.
TPACmuse @TPACmuse Apr 21
TPAC Funding
Read: http://tl.gd/n_1sojdhn
djknows @djknows1 Apr 21
@TPACmuse Will you expand existing facilities or build new additional space and are funds for construction in U.S., China or both? Thx #TPAC
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TPACmuse
@TPACmuse
@djknows1 TPAC will expand existing facilities in China.
Carson Stauss @cstauss7 Apr 21
@TPACmuse Will this be traditional, interest/asset based financing or dilutive/stock based or a mix?
TPACmuse
@TPACmuse
@cstauss7 Finance will be interest/asset based.
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TPACmuse
@TPACmuse
@cstauss7 The ideal is to maintain 20% as cash flow, this will influence the stock price in an upward position.
hayWire @no_buddy1 Apr 21
@TPACmuse does this mean share price won't go beyond .01 by end of year in lost just trade sideways!?
TPACmuse
@TPACmuse
@no_buddy1 That is @TPACbearings initial financial goal. Efforts are being made to grow past that.
vlay @vlayday Apr 21
@TPACmuse Is there any reason to believe we may not obtain funding? What could potentially hold TPAC back?
TPACmuse
@TPACmuse
@jackwaterss Weak financials.
TPACmuse @TPACmuse Apr 21
BREAKING NEWS: USA FR agrees to set aside 20% from all funding sources to stabilize TPACs cash flow and stock price.
TPACmuse @TPACmuse Apr 22
@tinfoiltrader1 EX-IM Bank loans to small exporters and TPAC is a exporter. It exports raw materials used to make metal works.
TPACmuse @TPACmuse Apr 22
@tinfoiltrader1 There were no POs, only sample orders, what followed was a request for quote.
TPACmuse @TPACmuse Apr 22
@tinfoiltrader1 I do not know how TPAC pays our organization. I do know our organization owns a large part of TPAC stock.
TPACmuse
@TPACmuse
@AlexSin21092190 FR places 20% in cash reserve, reserves steadies the PPS.
In reply to Alex Singh
TPACmuse @TPACmuse Apr 22
@AlexSin21092190 The new BDG has TPAC under reconstruction, in the next 45-90 days we will update you as developments unfold.
TPACmuse @TPACmuse Apr 25
EARLY VIEW FOR THE FINANCIAL EDITION 10/2 NEWS REPORT
Read: http://tl.gd/n_1sojs0d
TPACmuse @TPACmuse Apr 25
3.75 billion shares has two directions expanding up, contracting down effecting the currency (cont) http://tl.gd/n_1sojs7v
TPACmuse @TPACmuse Apr 25
Only $.0.01 PPS?
Read: http://tl.gd/n_1sojs8u
TPACmuse @TPACmuse Apr 25
@bruczybill We do not want any dilution to current shareholders stock base. TPAC is in reconstruction it has to be stabilized.
TPACmuse @TPACmuse Apr 25
APRIL 25, 2016 – TPAC Monday Business Edition (1st) – 2:00PM EDT
Read: http://tl.gd/n_1sojtgu
djknows @djknows1 Apr 25
@TPACmuse Any idea when TPAC might see a "Letter of Intent" (LOI) from EX-IM?
TPACmuse
@TPACmuse
@djknows1 Looking for a response within 30 days.
Stockpicker @lillbirdystocks Apr 25
@TPACmuse Is Bill going to remain as the companies CEO for the foreseeable future and what business is he working on in China
TPACmuse
@TPACmuse
@lillbirdystocks Yes. Working with other interests strategizing how to get market share from the top five aeronautical parts supplier
TPACmuse @TPACmuse Apr 25
TPAC /Godfrey China operation is not broke. IR cannot speak to what has been tweeted however there is value (cont) http://tl.gd/n_1sojtjc
TPACmuse @TPACmuse Apr 25
The 45-90 days is the time it will take to reconstruct TPACs operation. It is not good form to explain it (cont) http://tl.gd/n_1sojtk0
TPACmuse @TPACmuse Apr 25
TPAC is in reconstruction. There will be no buy back, reverse splits until TPAC is out of its reconstruction (cont) http://tl.gd/n_1soju0p
djknows @djknows1 Apr 25
@TPACmuse So if I understand this correctly, if the Financial Reserve were to set aside 100%, the pps (cont) http://tl.gd/n_1sojtuv
TPACmuse
@TPACmuse
@djknows1 Any funding source whether be loan or investment, 20 percent will be applied to cash on hand (cont) http://tl.gd/n_1soju1b
TPACmuse @TPACmuse Apr 26
TPAC Is Changing
Read: http://tl.gd/n_1sok10i
gilbertduiker @gilbertduiker Apr 26
@TPACmuse no R.S. in 2016 , so in 2017 there wil be an R.S. ,,,,
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TPACmuse
@TPACmuse
@gilbertduiker US FR has not set 2017 plans. Consensus: $.01 is obtainable without a R/S
TPACmuse @TPACmuse Apr 26
@Stock_Pawn IR has not been informed to date if the TA gag will be lifted. As for SS, 3.49B O/S FRF increases that by 7% totaling 3.75B.
Alex Singh @AlexSin21092190 Apr 26
@TPACmuse What exactly is Godfrey? Does this bring revenue to TPAC? Are they profitable? Basically what does Godfrey mean to TPAC?
TPACmuse
@TPACmuse
@AlexSin21092190 Manufacturing...Godfrey has value...Can't say what value is...analysis ongoing...
djknows @djknows1 Apr 26
@TPACmuse Did TPAC management seek you out and bring you on board or did you propose providing IR services (cont) http://tl.gd/n_1sok28r
TPACmuse
@TPACmuse
@djknows1 IR was introduced to Bill McKay by one of his Senior Professional Partners.
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TPACmuse
@TPACmuse
@GaedeShane Loan Reqs: TPAC will have to identify revenue streams, provide agreements/contracts & assets & show ability to pay for insurance
In reply to Shane Gaede
TPACmuse @TPACmuse Apr 27
@GaedeShane Signed contract is required for loan process not for LOI
TPACmuse @TPACmuse Apr 27
TPAC Starts Slow Roll Up
Read: http://tl.gd/n_1sok89m
TPACmuse @TPACmuse Apr 28
Remember Everyone -- TPAC has its first reseller in the aeronautical and defense space.
In reply to Alex Singh
TPACmuse @TPACmuse Apr 28
@AlexSin21092190 Resellers provide products to end-users i.e. Boeing & Navy. TPAC forms agreement with resellers.
TPACmuse @TPACmuse Apr 28
USA FR Seeks Approval for Financial Strategy Two
Read: http://tl.gd/n_1sokbe7
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TPACmuse
@TPACmuse
@gilbertduiker The email address is ir@tpacbearings.com
ST4N @SmallTime4Now Apr 28
@TPACmuse 1) Can you please explain what an MRVB is? and 2) Are you planning dilution? You say, "... during times of dilution."
TPACmuse
@TPACmuse
@SmallTime4Now An acquisition system using other companies stock and cash reserves to create revenue that acts as insurance AGAINST dilution
Alex Singh @AlexSin21092190 Apr 28
@TPACmuse @trading_jeff what are the chances that we don't get any loans?? Will it just be game over for TPAC?
TPACmuse
@TPACmuse
@AlexSin21092190 @trading_jeff Not by a long shot. TPACs resources have changed. A loan just makes it easier to accomplish goals quicker.
Alex Singh @AlexSin21092190 Apr 28
@TPACmuse @trading_jeff would they go to toxic funding again ever?
TPACmuse
@TPACmuse
@AlexSin21092190 @trading_jeff Not on the USA FRs watch. No.
Alex Singh @AlexSin21092190 Apr 28
@TPACmuse what's IR opinion on TPAC becoming a huge success in the aero space industry. Is it a long shot like most OTCs?
TPACmuse
@TPACmuse
@AlexSin21092190 The consensus out of our corporate is that TPAC should be a major player within 36 months.
David Lacivita @DavidLacivita May 2 Mission Bay, FL
@TPACmuse @CountryMac1 so the TPAC we knew last month is not the same one that is going to emerge from reconstruction
TPACmuse
@TPACmuse
@DavidLacivita @CountryMac1 TPAC will emerge a Phoenix
TPACmuse @TPACmuse May 2
EX-IM Bank….So What Happens Now?
Read: http://tl.gd/n_1sokr6f
TPACmuse @TPACmuse May 2
Reconstruction Recap
Read: http://tl.gd/n_1sokr7d
TPACmuse @TPACmuse May 2
TPAC Acquisitions Transform to Service Level Agreements
Read: http://tl.gd/n_1sokroo
TPACmuse @TPACmuse May 2
Reseller Agreements Emerge
Read: http://tl.gd/n_1soks2i
djknows @djknows1 May 2
@TPACmuse So this being an 'easier' way to bring in revenue, why hasn't TPAC been able to do this earlier? (cont) http://tl.gd/n_1soks7a
TPACmuse
@TPACmuse
@djknows1 TPAC reported a lost of $21M. Before that, TPACs business plan was built around being a (cont) http://tl.gd/n_1soks8c
TPACmuse @TPACmuse May 2
USA FR Implementing Best Practices
Read: http://tl.gd/n_1soks9i
David Lacivita @DavidLacivita May 3 Mission Bay, FL
@TPACmuse is the original business plan still in effect ? It seems the reconstruction has superseded it.
TPACmuse
@TPACmuse
@DavidLacivita Reconstruction supersedes original business plan.
TPACmuse @TPACmuse May 3
IR Apology
Read: http://tl.gd/n_1sol0qt
TPACmuse
@TPACmuse
@DavidLacivita Bill's business plan consisted of Boeing. Bill handles Boeing personally. Reconstruction is about new business.
bruce zalak @bruczybill May 4
@TPACmuse @DavidLacivita news out and it is HUGE !!!!!you said it right!
TPACmuse
@TPACmuse
@bruczybill @DavidLacivita TPAC starts off with $1,000,000 profit.
TPACmuse
@TPACmuse
@no_buddy1 @CountryMac1 @djknows1 Everytime TPAC license of reseller, $1M annual fee. Marketer is $250K annual fee
Carson Stauss @cstauss7 May 4
http://www.businesswire.com/news/home/2016050...Australian …
@TPACmuse @TPACbearings Where are the revenue projections/guidance for Australian venture? Impact for '16/'17?
TPACmuse
@TPACmuse
@cstauss7 @TPACbearings It will be in the business timeline at the end of the reconstruction period, also mentioned in prior tweets.
Carson Stauss @cstauss7 May 4
@TPACmuse @TPACbearings If goal is to decrease volatility & attract long term investors-verbiage needs to be concise and unambiguous $HJOE
TPACmuse
@TPACmuse
@cstauss7 @TPACbearings It is not IR's position to attract investors, it is to inform TPAC investors.
TPACmuse
@TPACmuse
@AlexSin21092190 Until TPAC AU facility is certified, all products are made in China at the approved NAVAIR facility.
Alex Singh @AlexSin21092190 May 4
@TPACmuse What territory do they get? The whole Australia? How many license agreements are we looking to get?
TPACmuse
@TPACmuse
@AlexSin21092190 First license agreement & SLA is unique. It services the AU govt & AU navy. TPAC AU will license marketers...# open
ST4N @SmallTime4Now May 4
@TPACmuse Can you please clarify the nature of TPAC Australia? Is it a wholly owned subsidiary? Is it a public company? Thanks in advance.
TPACmuse
@TPACmuse
@SmallTime4Now It is a privately owned company licensing and service agreement under TPAC USA.
trading.jeff @trading_jeff May 4
@TPACmuse @AlexSin2109219nks0 Will $TPAC AU pick up the $250K marketing fee or will that go to $TPAC USA? Thanks!!
TPACmuse
@TPACmuse
@trading_jeff A percent will go to both parties. Higher percentage to TPAC USA. Don't know what those percentages are until SLA is complete
vlay @vlayday May 4
@TPACmuse Thanks for the updates. What is TPAC's next/current focus on?
TPACmuse
@TPACmuse
@jackwaterss Complete SLA & wkg with licensed reseller to ascertain how quickly product can move into aeronautical resellers' client hands.
TPACmuse @TPACmuse May 5
Business Report Recap
Read: http://tl.gd/n_1sol7e4
In reply to StephenPalumbo
TPACmuse @TPACmuse May 5
@StephenPalumbo_ @AlexSin21092190 @bruczybill No reverse split or buy backs in 2016.
TPACmuse @TPACmuse May 9
BDG & TPAC AU continues process of SLA for Turnbull Innovation Plan & AU Navy retrofit projects. Check your email for details.
TPACmuse @TPACmuse May 9
There are those that believe IR is diluting shares. IR, BDG and FR are under a binding contract. We can not buy or sell TPAC shares.
TPACmuse @TPACmuse May 10
EX-IM Bank informs TPAC its still processing LOIs above $10M....Still waiting for further comments from morning meeting.
TPACmuse @TPACmuse May 11
TPAC finds Alternative to EX-IM Bank Loan Limit.
TPACmuse @TPACmuse May 12
TPAC Receives Bid Package from Approved Supplier to BOEING. Check out your email for the 10/2 Early Edition News Report
TPACmuse @TPACmuse May 12
@AlexSin21092190 CEO states TPAC NAVAIR certified bearings are higher quality. TPAC will lower cost in an attempt to outbid competitors.
TPACmuse @TPACmuse May 23
BREAKING NEWS: CEO Bill McKay reports from China...TPAC signs 2nd Licensing Agreement & 1st SLA...more details email ir@tpacbearings.com
TPACmuse @TPACmuse May 23
CEO BILL MCKAY CONVERTS ACQUISTION TO MULTI MILLION DOLLAR SLA
Read: http://tl.gd/n_1sonc7u
TPACmuse @TPACmuse May 23
@Aricholland From this point forward as a standard business practice, TPAC will issue as many Licensing Agreements as it can.
TPACmuse @TPACmuse May 23
@trading_jeff During reconstruction efforts, there will be no PRs issued.
Alex Singh @AlexSin21092190 May 25
@TPACmuse GM! Request to elaborate on 10 year 135 mil deal...what does that mean for tpac revenue?
TPACmuse
@TPACmuse
@AlexSin21092190 Good Morning. Annual revenue $13.5M. That is the math.
TPACmuse @TPACmuse May 26
MRVB DEMO RESULTS
Read: http://tl.gd/n_1sonmjg
TPACmuse @TPACmuse Jun 1
MRVB DEMO -- TEST 1 -- FINAL RESULTS
Read: http://tl.gd/n_1sooafe
Stockpicker @lillbirdystocks Jun 1
@TPACmuse How does TPAC plan to serve the large order interest (25 million US $) without IM bank loan?
TPACmuse
@TPACmuse
@lillbirdystocks Because of TPACs new business model, it shifted the cost to the new manufacturers
TPACmuse @TPACmuse Jun 1
@AlexSin21092190 PPS is a factor of revenue/cash on hand. MRVB, as demonstrated, can maintain revenue levels & stabilize the financial floor
TPACmuse @TPACmuse Jun 1
Great Question By Shareholder
Read: http://tl.gd/n_1soobid
TPACmuse @TPACmuse Jun 6
TPAC - BTL SLA Status
Read: http://tl.gd/n_1soosop
TPACmuse @TPACmuse Jun 6
CEO Bill McKay Returns To China
Read: http://tl.gd/n_1soot58
TPACmuse @TPACmuse Jun 6
Shareholder Question Corner -- MRVB
Read: http://tl.gd/n_1sootci
TPACmuse
@TPACmuse
@CountryMac1 @trading_jeff The Boeing rep will be visiting a number of sites while in China and TPAC is on his itinerary.
TPACmuse @TPACmuse Jun 8
Just reported by the TA: O/S: 3.5B Outstanding Non Restricted: 3.1B
TPACmuse @TPACmuse Jun 8
@ChrisEBarkley It was not stated that IR is not being paid. It was stated that not TPAC nor Bill McKay pays IR in any form or fashion.
TPACmuse @TPACmuse Jun 8
@windrivermag12 We've made it clear, shareholders will have the ability to have conferences after timeline has been completed.This is final.
TPACmuse @TPACmuse Jun 8
@windrivermag12 Thank you Mark. As stated conference calls will be scheduled at the conclusion of the business timeline.
TPACmuse @TPACmuse Jun 9
@CountryMac1 Outstanding Non Restricted is 3.10B
TPACmuse @TPACmuse Jun 15
EX-IM bank accepts TPACs application for the China program and gives the okay to begin processing $85M loan application.
TPACmuse @TPACmuse Jun 15
USA FR will hold off processing application until 10-Q is posted. 10-Q will show revenue growth for TPAC and support loan application data
trading.jeff @trading_jeff Jun 15
@TPACmuse Great news!! Was the loan application originally for $50M?
TPACmuse
@TPACmuse
@trading_jeff Yes however TPAC has been upgraded because of the China program.
TPACmuse @TPACmuse Jun 15
China Program vs EX-IM Standard LOI
Read: http://tl.gd/n_1sopv3l
TPACmuse @TPACmuse Jun 20
TPAC sees uptick in global RFQs. Distributors from Japan, Canada, India, United Emirates & Turkey are requesting quotes for metal bearings.
TPACmuse @TPACmuse Jun 20
Just In...as an example of RFQs: 10,000 Bushings and 1500 Bearings.....Germany and Egypt
TPACmuse @TPACmuse Jun 20
@AlexSin21092190 Let's give CEO Bill McKay some time to give numbers on the RFQs. He has been flooded with them over past two weeks.
TPACmuse @TPACmuse Jun 21
@CountryMac1 CEO Bill McKay / TPAC will retain its control of Godfrey.
TPACmuse @TPACmuse Jun 21
@Aricholland @AlexSin21092190 TPAC has a factory and has a SLA with another factory and working on building a third factory through TPAC AU
TPACmuse @TPACmuse Jun 21
Revenue, Revenue, Revenue
Read: http://tl.gd/n_1soqjp6
TPACmuse @TPACmuse Jun 21
Bearings, Rods & Bushings RFQs
Read: http://tl.gd/n_1soqks1
TPACmuse @TPACmuse Jun 21
@mwmenterprises Team just spoke with Mr. McKay....he's putting pressure on BTL et al to get these quotes out in 48 hours!
TPACmuse @TPACmuse Jun 22
Due to strong marketing campaign results for RFQs, IR Manager will lessen the $250K bar to $75K for reporting TPAC project dollar values.
TPACmuse @TPACmuse Jun 23
@CountryMac1 CEO Bill McKay is sending his son to work w/AFSI traders to become aware of MRVB functionalities & integration for TPAC
TPACmuse @TPACmuse Jun 28
NEWS IN FROM CHINA!!
Read: http://tl.gd/n_1sorcio
TPACmuse @TPACmuse Jun 28
AVIC & BOEING AQMS
Read: http://tl.gd/n_1sorcra
TPACmuse @TPACmuse Jun 28
MRVB NEWS
Read: http://tl.gd/n_1sord6k
TPACmuse @TPACmuse Jun 28
Response to MRVB Tweet
Read: http://tl.gd/n_1sorde8
TPACmuse @TPACmuse Jun 28
Also while in China, CEO Bill McKay will be meeting with BTL regarding the SLA and try to get some of the revenue pushed into this year.
TPACmuse @TPACmuse Jun 29
@Tball890 There are revenue generating projects for Q3
TPACmuse @TPACmuse Jun 30
News from China....Per CEO Bill McKay: we will be finishing up some parts for additional NAVAIR approvals and for commercial contracts
@Kanageswaran9 Good Morning. Follow up re mtg in Shenzhen w/ former senior level AVIC personnel will occur week of July 11.
TPACmuse @TPACmuse Jul 5
@jwmario Also out of China: Per CEO Bill McKay the week/weekend was spent producing parts for orders &for additional qualification approvals
Gerry Breneman @Gerrytheb33 Jul 5
@TPACmuse @Kanageswaran9 why meet former senior rather then current?
TPACmuse
@TPACmuse
@Gerrytheb33 Good question. Per Mr. McKay: former senior are TPACs link to current senior....they will make the connection for TPAC.
Gerry Breneman @Gerrytheb33 Jul 5
@TPACmuse can you provide any details on last weeks production run?
TPACmuse
@TPACmuse
@Gerrytheb33 Per Mr. McKay, they were smaller orders in the low 5 figures
Aric @Aricholland Jun 29
@TPACmuse @CountryMac1 I recall at one point TPAC qualifying for a China tax incentive, does the company still qualify?
TPACmuse
@TPACmuse
@Aricholland TPAC has them at the local level & 10% rebate on machinery purchases. On the provincial level they will have to negotiate them
(END OF TPACMUSE FEED)
c) TPAC IR Emails to Shareholders:
#1):
Greetings TPAC Shareholders
Do you remember years back, the guy who sold dinosaur eggs and became a millionaire? The dinosaur eggs were ball bearings. Who knew? Well, we missed that one. Sure many of you did as well.
First Thing CEO Bill McKay Did Right Was to Follow That Guy!!! (IR is joking of course)
However another chance for riches has presented itself, based on TPAC bearings. CEO Bill McKay delivers an opportunity like no other.
Let’s Examine How Right This Is
TPAC is 1 of just 6 certified companies to produce a product whose annual sales volume is approximately $1.5Billion USD.
But you have heard this before…most likely more than once. Remember, IR is new around here.
However, did you know this? If you are TPAC Shareholder chances of expanding your currency IS AS GREAT as if you bought Microsoft, GE or maybe even Wal-Mart.
Why? TPAC Has Low Competition
The 5 other companies are the only competitors and TPAC is the new guy on the block.
They are highly visible and TPAC can target their sales structures at will. Their business cost is set. What this means is that TPAC doesn’t have anything to lose going after their market share…all to gain.
Another Thing Done Right:
What CEO Bill McKay has done right is timed TPACs entrance into a market niche perfectly.
Everyone else’s pricing structure is set…infrastructure is set…cost of doing business is set… bottom line is set. And believe this…they need to keep it that way. Their contracts are locked down.
Now enters TPAC with Lower Pricing and Higher Quality products ready to take market share. Aircraft manufacturers throughout the world need to cut cost. Bearing replacements per commercial aircraft average approximately $50,000 annually. TPAC is positioned to provide a superior product for a lower cost.
Ok let’s just say it...TPAC is Going to Knock Out the competition by undercutting the price, making it hard for them to outbid the superior TPAC Bearing. TPAC has come to the market and has come to take market share from its competitors.
Another Thing Done Right:
Completing the Boeing registration…normally even IR would say, so what? However the registration process had a remarkable effect. It introduced TPAC to the Reseller/Marketer space. These are companies that sell equipment/parts in the aeronautical/defense field. They account for up to 75 percent of the items sold to major airlines, ship and plane builders.
Why this is so advantageous is simple; they have completed the source vendor process and have Long Term Agreements (LTA). Why reinvent the wheel if you don’t have to.
It is a strategy of TPAC’s to become a Premier Service and Parts Provider to majors like Boeing, Airbus, Embraer and Bombardier.
Hey you crawl before you walk right? TPAC can take advantage of this type of market space and build the type of foundation to ensure that it becomes a Premier Service Provider.
Another Thing Done Right:
License resellers that already have contracts with the majors...ride that wave. Every new licensee is like establishing more TPACs but without the cost. TPAC’s ability to license source vendors increases its chance to have a global presence...doing more business around the clock.
This creates a revenue generator that is basically 98 percent profit and all TPAC Shareholders should love that…right?
Another Thing Done Right:
Some say it’s the company you keep and CEO Bill McKay has surrounded himself with a group of professionals in Business Development, Finance, and Investors Relations.
Their goals are simple: (1) Reconstruction, (2) Stabilization, and (3) Revenue Generation.
Business Development will expand TPAC sales and manufacturing operations in the most cost effective way within 90 days, IR can’t speculate but service level agreements should rise above $2.2Million USD.
Finance (USA FR) will stabilize TPAC’s financial condition; establish secondary regenerative system (MRVB) and research funding options for acquisitions. TPAC needs to raise $50Million USD now down to $35Million USD for acquisitions. USA FR is building a more resistant TPAC stock for Day Traders and Swing Traders.
IR will design and implement voice, video and data constructs for reporting and answering TPAC shareholder inquires. First Up…TPACs 10/2 News Report.
TPAC shareholders, IR could just go on and on but would rather show than tell, so as this week rolls in look for great news on TPAC. It’s about to be PR time.
As always thank you for your patronage …..
#2a):
TPAC Expands To a New Country and New Markets.
Yesterday, IR learns TPAC USA signs License Agreement (Service Level Agreement in progress) with Australian businessmen to market Spherical Bearings under the TPAC name. A SLA is in the works to build a manufacturing facility for TPAC metal works.
The project is to take advantage of a new Australian Government Initiative to bring new offshore technologies to Australia for job creation. The Government has set aside$1B for this initiative. TPAC Australia is looking to begin plans to establish the manufacturing facility by months’ end.
TPAC Australia won’t stop there; Australian Businesses moves to build a fleet of submarines at a cost of $50B. The fleet will be constructed in Australia using Australian labor and natural resources. TPAC Australia is established as a reseller of NAVAIR certified parts using their new TPAC license agreement to deliver Spherical Bearings and other metal works from TPAC USA.
TPAC Australia delivers another surprise to the TPAC pack Alliance…Bower Aero. Bower is presently an approved service provider to Emirates Airlines. Bower is looking to become actively involved in the TPAC Spherical Bearings business. Emirates Airlines has a fleet of over 250 aircrafts.
Business Recap
TPAC USA expands to Australia……Signs $1,000,000 Licensing Agreement…Now processing Service Level Agreement at a Value of $(waiting on the bean counters)…Welcomes New Service Provider…Makes presence known to Australian Government and Defense market.
Well that’s it for this report.
Stay tuned for the 2PM EDT Financial Report.
#2b-correction):
Correction: If you received the earlier news report it was stated that Australian Businesses moves to build a fleet. That should have read Australian Government.
RECONSTRUCTION EFFORTS PAYS OFF
TPAC Expands To a New Country and New Markets.
Yesterday, IR learns TPAC USA signs License Agreement (Service Level Agreement in progress) with Australian businessmen to market Spherical Bearings under the TPAC name. A SLA is in the works to build a manufacturing facility for TPAC metal works.
The project is to take advantage of a new Australian Government Initiative to bring new offshore technologies to Australia for job creation. The Government has set aside$1B for this initiative. TPAC Australia is looking to begin plans to establish the manufacturing facility by months’ end.
TPAC Australia won’t stop there; Australian Government moves to build a fleet of submarines at a cost of $50B. The fleet will be constructed in Australia using Australian labor and natural resources. TPAC Australia is established as a reseller of NAVAIR certified parts using their new TPAC license agreement to deliver Spherical Bearings and other metal works from TPAC USA.
TPAC Australia delivers another surprise to the TPAC pack Alliance…Bower Aero. Bower is presently an approved service provider to Emirates Airlines. Bower is looking to become actively involved in the TPAC Spherical Bearings business. Emirates Airlines has a fleet of over 250 aircrafts.
Business Recap
TPAC USA expands to Australia……Signs $1,000,000 Licensing Agreement…Now processing Service Level Agreement at a Value of $(waiting on the bean counters)…Welcomes New Service Provider…Makes presence known to Australian Government and Defense market.
Well that’s it for this report.
Stay tuned for the 2PM EDT Financial Report.
TPAC IR Specialist
ir@tpacbearings.com
#3):
Great Afternoon Everyone.
EX-IM BANK
EX-IM Bank is still fighting the good fight. EX-IM states it will still process LOI’s for more than $10M, however they cannot confirm how long before their able to resume processing applications for amounts over the current $10M limit. LOI’s normally have a period of 6 months with an additional 6 month extension. As we hear more from EX-IM, you will be informed.
8K
Yesterday, investors raised questions on the Licensing Agreement payment. Several have asked whether an 8k will be filed to validate the purchase. The USA FR states no. The LA falls within ordinary business conditions therefore is not mandatory to be filed. We are in compliance with SEC rules. This is not the road that TPAC wants to go down, no matter its past.
We value our investors however TPAC should not start a practice that will not be used going forward. TPAC needs total flexibility to work with its funds as it sees fit to grow the company. If TPAC starts this practice for every contract or revenue resource, investors will consistently request. That’s just not efficient. TPAC’s quarterly or annual financial reports will be the standard way of viewing TPAC financials for investors. 8Ks will be filed if and only when there is an event that requires the company to do so.
TPAC will be leaving the OTC markets in the near future. The Financial constructs being put in place ensures a solid base of cash flow and reserve capital. This strengthens our offering to investors. It has for so long been the thought that supply and demand is the key to raising stock prices, well there is more than one way home.
LICENSING AGREEMENT PAYMENTS
Another set of questions involved the $1M dollar Licensing Agreement. What will be the payment structure for the $1M LA fee? When will it be paid and how?
The Licensing payment will be rolled into the Service Level Agreement payment and then paid out in quarterly payments. The licensee will have one quarter from the signing of the Service Level Agreement to begin payments. Payments are to be in the form of currency.
Note: The Service Level Agreement payment is comprised of the manufacturing setup cost, raw material, machinery, engineering, consulting etc. These costs and others is payment to TPAC USA.
There has not yet been an absolute on the renewal process.
TPAC Licensing Agreements profit margins range up to 77 percent after legal and weighted taxes; Service Level Agreements may demonstrate higher revenue however less profit margins.
Alright that’s it for this edition…until next week.
TPAC IR Specialist
ir@tpacbearings.com
#4):
BDG Continues Efforts to Complete SLA
TPAC Australia operates under a Licensing Agreement and Service Level Agreement (processing) to implement TPAC USA spherical bearing technology in Australia, complying with requirements of the Turnbull Innovation Plan. Turnbull Innovation Plan necessitates offshore technologies be realized in Australia.
This offers TPAC Australia a manufacturing opportunity for spherical bearings, rod-end bearings, flanged and straight bushings, hinges and other machine metal parts for aeronautical and defense projects.
TPAC Australia is collaborating with TPAC USA to finalize a draft Service Level Agreement and cost matrix for the design, implementation and service of a full-scale manufacturing facility. The manufacturing output levels require 20 million parts per production run.
Shareholders will be kept abreast on SLA progression.
#5):
USA FR & EX-IM BANK
Today is EX-IM Bank Day for TPAC.
TPAC will be answering questions today from EX-IM Bank about its holdings in the USA and China…USA supply chain…raw materials and explanation of military customer base for end products.
TPAC is prepared to demonstrate its ability to have a diverse group of USA suppliers for raw materials, testing and manufacturing equipment. TPAC is also prepared to show the longevity of TPAC products in the global market place and how using Licensing and Service Level Agreements will sponsor more USA products being exported to overseas markets; for example, TPAC Australia.
Will keep you posted.
#6):
Please find below share structure information (rounded to nearest $) provided by TPACs Transfer Agent as of 5/10/16.
Authorized Shares: 4.55B
Outstanding Shares: 3.49B (As reported to shareholders by IR per initial analysis on 4/26; USA FR factored in +/- 7 percent tolerance which added a virtual 260M)
Outstanding Non Restricted: 2.99B
#7):
EX-IM BANK MAKES TPAC AWARE OF NEW PROGRAM ALTERNATIVE FOR CHINA BUSINESS
Yesterday, TPAC successfully answered questions concerning:
(1) Holdings in the USA and China
(2) USA Supply Chain
(3) Raw Materials
(4) Explanation of Military Customer Base for End Product
Ex-Im Bank makes TPAC aware of a China-U.S. Export-Import program. TPAC makes a strategic move and applies for Ex-Im Bank Sovereign Guarantee Loan Program (This is an alternative funding and business strategy while the Senate decides approval of Board nominees). Note: This program is not unencumbered by Senator Richard Shelby’s views. In January 2005, Ex-Im Bank signed a Framework Agreement with the Ministry of Finance of the People's Republic of China, which broadly outlined the structure under which the Ministry of Finance would provide its sovereign guarantee to Ex-Im Bank on medium term and long term transactions.
This program provides a guarantee of payment from the China Government on approved transactions from USA to China.
TPAC can now engage China’s state procurement bid process using the spherical bearings and associated parts as the product line for the new C919 airliner built by a China state-owned manufacturer. The C919 Chinese superjet is a single-aisle narrow-body jet designed to seat 168 passengers, and has a non-stop standard flight range of 2,500 miles.
C919 is China’s offering to compete with Boeing and Airbus by capturing market share of the aviation sector. It is being compared to Boeing 737 and Airbus 320 passenger planes. China reports it has received over 500 orders from Chinese and abroad interests.
If approved, TPACs loan value will need to be raised to $100M to meet the program minimum.
TPAC AUSTRALIA and SLA
After Ex-Im Bank, FR and BDG teams refocus efforts on SLAs for Godfrey and TPAC AU.
More information on both topics will be provided as details emerge.
#8):
DISTRIBUTOR MEETING UPDATE
· CEO Bill McKay reports AVIC provides first ever BID PACKAGE to TPAC with 100 part numbers.
· AVIC -- APPROVED BOEING PARTNER
· CEO Bill McKay will travel to China next week to discuss C919 additional business with AVIC (partial owner of C919 manufacturer) for entrance in the EX-IM Bank China Program.
#9):
TRANS-PACIFIC AEROSPACE (TPAC) RECONSTRUCTION EFFORTS
BACKGROUND
TPAC has had its hands full with stabilization of its manufacturing, pricing points and market share in the bearing business.
Mr. McKay reassessed TPACs operations and concluded an overhaul was overdue. Given the demands of his current Board of Directors, Mr. McKay has contracted a group of professionals in Business Development, Finance, and Investors Relations to analyze current operations, recommend new business and financial resource avenues and communicate these changes to shareholders.
TPAC is under reconstruction with efforts to stabilize holdings, manufacturing operations, and stock price.
45-90 DAYS
45-90 days is the time allotted to analyze TPACs structure while implementing new strategies, bring new business and financial structures online and introduce policies and procedures that coincide with these developments. The current status is that revenue flows are being determined and at the end of 90 days, a solidified outlook of where it will come from will be noted on the timeline. The plan is still being developed however things are going into effect now as we have updated.
Instead of waiting until after the analysis is complete, the new team made a decision to disclose as much information as possible to shareholders. As significant moves develop or are realized, IR will post.
What happens after 90 days? A timeline outlining TPACs current operational path will be distributed; most items will be already known to shareholders from the IR updates.
THE PLAN
There are four base areas that the reconstruction is built upon: (1) Management, (2) Business Development, (3) Operations, and (4) Finance.
Management is the entire team; CEO Bill McKay, current TPAC Board of Directors and the newly contracted IR, Business Development and FR groups. Due to the demands of the current Board of Directors, CEO Bill McKay took action to implement the new teams in order to focus on past business dealings and contacts (Boeing, AVIC etc.).
Business Development’s goal is to expand TPAC sales and manufacturing operations in the most cost effective way. Its focus is new business i.e., TPAC Australia, Southwest Airlines, Bower and other reseller distribution channels.
BDG recognized that TPAC is a haven for the resellers market. These businesses, at present, have the approved scenarios that allow them to resell products to Boeing, Airbus, Bombardier and others.
TPAC can license resellers faster than building new infrastructure -- again no cost outlay just revenue inputs -- and TPAC gets three times the work from all resellers’ customers allowing TPAC to focus on manufacturing output, quality, engineering and sourcing raw materials.
As a business goal, TPAC can consolidate its reseller channel to run more efficient and use it as a premier service platform with a global operational front centralized through a USA Headquarters.
What is Happening in BDG?
Ø Negotiating Australia Multi-Million Dollar SLA for New Manufacturing Facility
Ø Completed TPAC Australia Licensing Agreement
Ø Concluded Supplier Diversity Program Registration with Southwest Airlines
Ø CEO Bill McKay meets with AVIC this week to submit Bid Package as well as obtain other Bid Packages directly for the C919 build.
Operations’ goal is to determine how to effectively and efficiently manage manufacturing of products. This analysis will look at TPACs current output abilities, as well as its resellers manufacturing abilities. The question here was is it more feasible, given TPACs current capitalization scenario, to continue the acquisition path or direct energy to developing SLAs with established manufacturers looking into gaining additional bearing business market share. At this stage, BDG’s analysis stated the latter.
What is Happening in Operations?
Ø CEO Bill McKay is renegotiating ownership of manufacturing facilities for 36 month SLAs
Finance (USA FR) goals are to stabilize TPAC’s financial condition; establish a secondary regenerative system (MRVB) and research additional funding options such as the EX-IM Bank loan and institutional investments for business opportunities set by BDG.
It has been asked when the MRVB will start stabilizing price fluctuations. The MRVB is a customized product, not an off the shelf one. It needs to be configured, tested and then put in production. This is a 30 business day process from the application approval process. To support understanding of the MRVB, USA FR will establish a demo scenario for interested shareholders. Email ir@tpacbearings.com.
In TPACs reconstruction situation, finance is about when revenue is realized – what happens to it then? This will be answered as part of the timeline however it has already been stated, one aspect of realized revenue will be the automatic 20 percent set-aside to boost cash on hand. Revenue offers the ability to keep the stock prices stable and moving in an upward trend.
What is Happening in Finance?
Ø Upgraded EX-IM Bank loan application for entrance into the USA-China program.
Ø As of May 18, CEO Bill McKay approves to start the application process for the MRVB.
WHAT’S NEXT?
Reconstruction efforts afford TPAC to have a true foundation which requires patience. News will not be reported every day. It will just not happen fast. Building a solid lasting structure takes time. Finalization of SLAs could take months to price out every component and work out legalese. All that said the full-on positive effects of a life cycle project such as this can take months. Efforts from the reconstruction will still be realized into 2017.
Shareholders will be kept up to date. Meanwhile if there are questions that have not been addressed here or through twitter feeds, email them at ir@tpacbearings.com.
TPAC IR Specialist
ir@tpacbearings.com
#10):
RECONSTRUCTION NEWS
UPDATES
Responding to shareholder’s 5/23 morning question: Are there any updates?
12:00PM -- CEO Bill McKay reports to IR -- signing of new LA and first SLA for BTL.
ABOUT BTL
Billion Technology Limited (BTL), founded in May 2003 and matured to a corporation with more than 200 staff and 5500 sq. m (old factory), 3600 sq. m (new factory) facilities, is an ISO 9001 / ISO 13485 / AS9100C Certified privately held company with diverse capabilities to provide high precision machining products, mold & die engineering and manufacturing, plastic injection molding, assembly, technical design support and turnkey services to simplify outsourcing efforts. Factories are located in the most strategic low cost area of China-Dongguan, Guangdong.
Producer of:
· Aircraft Parts
· Electric Instrument Parts
· Dental Equipment Parts
· Identification Inspection Equipment Parts
· Plastic Parts
Billion Technology Limited – approximate value $16M - $21M -- joins TPAC to expand its aeronautical market share using TPACs Licensing Agreement with NAVAIR certification.
DEAL STRUCTURE
· Licensing Agreement valued at $1M annually
· 10 Year Service Level Agreement valued at $135M
· 3 – 36Month Cost Reviews
· Annual Products and Services Procurement
· SLA Commencement Begins January 2017
With the signing of the LA/SLAs, TPAC positions itself to receive income from the company it was to acquire without spending capital in the process. This will allow TPAC to apply more currency to cash-on-hand reserves triggering a stronger price per share. This is the forward thinking that will stabilize TPACs long term shareholders positions. The SLA holder will expand its client base receiving higher revenues and TPAC will provide supplies, machinery and consulting to BTL for constructing proprietary spherical bearings and other metal works. This strengthens TPACs future as it now expands its operational base making TPAC more attractive to operations like Boeing (which just reported jet orders from VietJet Air valued at $11.3B) for the premier status. By connecting various bearings/metal works facilities, TPAC can compete against high volume bearing producers while delivering a higher grade product at a lower cost to the aerospace/defense industries.
Let’s take a couple of great questions by shareholders:
Q: Why No PR in 2016?
As stated in the 19 May report, there are four base areas that the reconstruction is built upon: (1) Management, (2) Business Development, (3) Operations, and (4) Finance.
As each reconstruction process takes place, synchronization of the business units is not 100 percent. Reconstruction efforts are reformatting how TPAC will create, implement, maintain and secure its new framework. Many new scenarios are taking shape and their total impact cannot readily be forecasted.
What might be said today may be retracted tomorrow due to other influences within another area in the reconstruction process. In time, the reconstruction will sync all four areas. When that happens, PRs will again emerge.
Some may ask why report if not using PRs. TPAC shareholders express/request information on daily business dealings that cater to contracts and/or revenue. IR will report as these events happen. IR has minimized all news of contracts with a revenue value under $250K – as this currency is highly in TPACs daily operational demand and does little to stabilize stock price. Simply….we report because we are asked.
Q: Why has reconstruction changed from 45 days to 6 months?
As stated on 25 April, the 90 days is in reference to the analytical process of the reconstruction phase, which currently we have roughly a little more than 60 days to complete. After such time, a comprehensive up-to-date fact sheet with a business timeline will be published to the email group so that again you can stay informed of the progress and how long it will take to complete the reconstruction phase. There has been no time frame change.
RECAP (MAY 2016 RECONSTRUCTION EFFORTS)
· CEO Bill McKay Delivers Bid Package to AVIC
· Meeting Next Week to Discuss Next Steps for AVIC Procurement
· Boeing Representative Schedules Tentative Meeting with TPAC Next Month
· USA FR Constructs MRVB Demo for CEO Bill McKay
· CEO Bill McKay Greenlights MRVB Application Process
· BDG approaches Southwest Airlines for Supplier Diversity Program
· BDG Samples Global Marketing System Promoting TPACs Spherical Bearings on 6 of 7 Global Continents
· BDG/USA FR Still Engaged in TPAC Australia SLA for Manufacturing Facility
OPT-OUT: If you no longer wish to receive email or tweet communications, please email ir@tpacbearings.com to be removed from all listings.
TPAC IR Specialist
ir@tpacbearings.com
#11):
CEO Bill McKay’s China Agenda
To keep shareholders abreast of ongoing business dealings, CEO Bill McKay states that while in China his agenda will be full of business strategies and meetings that is geared toward accomplishing signing Licensing Agreements and Service Level Agreements with China businesses.
China
June – August
AGENDA
I. Scheduled meeting with a Hong Kong investment banker who has a list of clients that would be interested in SLAs with TPAC. The focus will be on technology, medical and aerospace companies.
II. Retain aerospace expertise in China that will receive a success fee if TPAC enters into Licensing Agreements with companies in China.
III. Approach several Bearing companies to engage them in signing Licensing Agreements to produce TPAC type of bearings.
#12):
Greetings Shareholders:
Recapped Events since the last 10-Q
· TPAC reconstructs Business and Manufacturing Operations
· Extends Business Strategy: Licensing TPAC Technology & Service Level Agreements
· Implements Broader Scope & Aggressive International Marketing Campaign
· Strategic Plan Set in Motion to Secure Strong TPAC Financial Status/Condition
· Establish Foundation for New Products & Support Division
· As mentioned yesterday, TPAC has an upsurge of request for quotes; monthly requests on average comprise one to thirty thousand pieces/parts for various types of bearings, rods and bushings. CEO Bill McKay is facilitating a way to generate faster response times and outsourcing scenarios for requests.
· These RFQs can be essential for Licensing Agreement holders as TPAC can route more work into their facilities.
· TPAC acquires two Licensing Agreements and one Service Level Agreement. TPAC Australia’s SLA is still advancing; final numbers are still being adjusted as TPAC AU operations are working through government and military contracts. This particular scenario/process will take time.
· There will be a considerable effort to affix several new Licensing Agreements to TPAC over the next quarter and at least 2 more SLAs.
· Reminder: TPAC was seeking $250M worth of business and today TPAC has almost met this in alternative commerce. One more signed SLA will position TPAC at the level of Boeing business.
Shareholders have to be patient. Suffice it to say, these milestones have been reached all within 45-50 days. There still remains a lot of logistics and TPAC has to take its time to do it right.
That wraps the recap.
d) BRMCKAY Twitter Feed:
William R McKay @brmckay May 4
Should be heading back to China late next week. Will finish up production parts and lining up trip to Dali for Projen. Boeing visit planned
bruce zalak @bruczybill May 20
@brmckay Hey Boss,whats the good word.We are sitting at the edge of our seats again waiting.Have a good day.
William R McKay
@brmckay
@bruczybill Sit tight. I'm working on things here that tie in with IR strategy. Also I'll have partnership development meetings in Shenzhen
William R McKay @brmckay May 24
Good week in China. I go home for a few days for my daughter's HS graduation then back here. BTL deal is big & may happen sooner than 1/1/17
William R McKay @brmckay May 24
Next trip will be for about 2 months. Will do production runs. Boeing rescheduled for late June. Will continue AVIC meetings in 2 locations
William R McKay @brmckay May 24
Will also work on opening discussions with major Chinese bearing manufacturer for licensing agreement.
William R McKay @brmckay Jun 6
Will spend most of the summer in China. Lots going on. Head back to the States in early August and then back to China before end of August
William R McKay @brmckay Jun 9
Please sit tight for revenue numbers. The Q will be out soon and will state revenue numbers.
@CountryMac1 Yes. They are reviewing the project plan and we will meet to discuss it.
@CountryMac1 He studied economics & business at University of Salamanca. Fluent in English, Spanish & French. Speaks conversational Chinese.
William R McKay @brmckay Jul 5
Major step forward in AQMS survey with Boeing. There should be an announcement this week or next. Working with Aussie and Chinese customers
Aric @Aricholland Jul 7
@brmckay It's typhoon season for China right? Has the weather impacted production at all?
William R McKay
@brmckay
@Aricholland No. We install the liners in a temperature and humidity controlled clean room so we don't have a problem.
Gerry Breneman @Gerrytheb33 Jul 7
@brmckay don't let the gloomy weather bring you down. How many bearings go into an arc?
William R McKay
@brmckay
@Gerrytheb33 Usually 32 per watertight door. Lots of watertight doors = lots of bearings. We are working to supply them to Australian Navy
(END OF BRMCKAY TWITTER FEED)
4) Valuable Links, Industry Info, and Post Archiving:
This section will include links to NAVAIR, industry statistics and footprint(s), as well as a highlight real of the most informative posts by TPAC investors.
a) Jason Wenig info:
Jason Wenig:
Bio(from his website, The Creative Workshop): http://www.thecreativeworkshop.com/e-carriage...ig_bio.pdf
Wikipedia (The Creative Workshop): https://en.wikipedia.org/wiki/The_Creative_Workshop
Home Page for The Creative Workshop: http://www.thecreativeworkshop.com/
The Creative Workshop(Facebook): https://www.facebook.com/TheCreativeWorkshop/?fref=nf
External Links from Wikipedia(*Three working links, not posted in order by chronology or numerical order in how displayed on Wikipedia page):
Link #1:
No Ordinary Garage
Creative Workshop
Jason and Kim Wenig
After spending nearly a decade working in New York—two years on Wall Street and seven at an auto-parts dot.com—Jason Wenig and his wife, Kim, looked around the country for a place to start a business of their own. They settled in Dania Beach, Fla., spent two years and hundreds of thousands of dollars fixing up a rundown building, and opened a classic-car restoration outfit. Their Creative Workshop is no ordinary garage. Restorations cost from $100,000 to $250,000, while a custom-designed roadster can go for $1 million. In four years in business, the shop has done work for customers from Seattle to Costa Rica to Germany. The staff is up to 14 mechanics, plus Kim, 39, who does the bookkeeping. The collapse of the Florida real estate market and the overall economy are troubling Wenig, 38, who says his backlog has shrunk. But, he says, "I kind of like this environment. It makes you less of a prima donna and a bit more hungry for business." Besides, he adds, "what better way to distance yourself from a miserable day of watching the market than by talking about a 1957 Lancia?"
—Andrea Castillo (posted on January 13, 2009)
Source(slide 81 of 121): http://www.bloomberg.com/bw/slideshows/201102...ps#slide81
Link #2: http://www.hemmings.com/magazine/hsx/2006/09/...37738.html
Link #3: http://www.autoblog.com/2008/03/18/like-they-...-workshop/
Youtube:
Creative Workshop Channel: https://www.youtube.com/channel/UClbTU1WVzfKdEMU61bxWf0Q
(From New York Daily News):
https://www.youtube.com/watch?v=bXQaVv7O3C4
(From Auto123):
Part 1.1 : https://www.youtube.com/watch?v=JMhZxndyiKM
Part 1.2 : https://www.youtube.com/watch?v=G5ivAp_lX0I
Part 2.1: https://www.youtube.com/watch?v=YWRnH_GOWTg
Part 2.2 : https://www.youtube.com/watch?v=VX8N4PLiALo
Recreating The Horseless Carriage(From William Moore):
Part 1: https://www.youtube.com/watch?v=FquNLA_FOYI
Part 2: https://www.youtube.com/watch?v=JyJRgIqqCRg
Part 3: https://www.youtube.com/watch?v=y1Bd4pCYLNU
Additional Exposure (from Auto123): https://www.youtube.com/watch?v=pj_i-75IZ7I
Creative Workshop V12: https://www.youtube.com/watch?v=RxC7tCaK2Hg
Creative Workshop Sport Special Final Build: https://www.youtube.com/watch?v=I6oM-NRX5No
Creative Workshop 2010 Car Rotation: https://www.youtube.com/watch?v=yoXNXsRKgko
Creative Workshop Friday Car Rotation(2011): https://www.youtube.com/watch?v=Ygp0VxrG0KI
Creative Workshop Sport Speciale(from My Classic Car TV): https://www.youtube.com/watch?v=3nffmKNelS0
Unveiling of Mercedes Art Car at The Creative Workshop(Link #1:from Dania Beach Creative Redevelopment Agency; Link #2: from The Creative Workshop): https://www.youtube.com/watch?v=7XPqdwR0oIY https://www.youtube.com/watch?v=Rv4HQoxPUi8
Creative Workhop Vinyl Trailer: https://www.youtube.com/watch?v=kkagCAyAaGw
Cars TV Interview with Jason Wenig: https://www.youtube.com/watch?v=NC_dHx8zI8Y
Festivals of Speed Interview with Jason Wenig: https://www.youtube.com/watch?v=bkVhZFT7LPo
New York City Concours Interview with Jason Wenig: https://www.youtube.com/watch?v=8kHoI5M_4UQ
Articles, Postings and Publications Featuring Jason Wenig and/or The Creative Workshop:
(from Hemmings):
http://www.hemmings.com/magazine/hsx/2014/03/...35641.html
Creative Workshop Awards(with pics, trophies, and cars): http://sound-pilot.com/Pages/main%20window%20awards.htm
LinkedIn Page: https://www.linkedin.com/in/jason-wenig-330a0b14
$2M Car with Restoration Performed by The Creative Workshop(from Supercars.net): http://www.supercars.net/Pics?viewCarPic=y&am...ID=1099810
An Article by Jason Wenig, highlighted by Garagistry: http://blog.garagistry.com/2015/10/is-it-time...table.html
Write-up on The Creative Workshop by Top Speed: http://www.topspeed.com/cars/car-news/cocktai...81658.html
Jason Wenig and Creative Workshop(from Fox News): http://www.foxnews.com/leisure/2014/04/18/old...ges-shown/
On Buy Classic Cars Registry(see listing number eight): http://www.buyclassiccars.com/restoration.asp
On Jason Wenig and The Creative Workshop by Classic Driver: https://www.classicdriver.com/en/article/cars...s-tenacity
Bio(from Bloomberg, with mention of $TPAC): http://www.bloomberg.com/research/stocks/peop...d=39791544
From 2014 New York International Auto Show: http://www.gettyimages.com/detail/news-photo/.../485357545
http://www.zimbio.com/photos/Jason+Wenig/New+...XZ04HCObI7
Great Images and Article on Jason Wenig and The Creative Workshop(from The Charis Culture): http://thecharisculture.com/cars-coffee-creative-workshop/
Jason Wenig and Electric Gatsby Car(from New York Daily News): http://www.nydailynews.com/new-york/electric-...-1.1329268
(From Feb 2016, City and Shore) Judges Award Jason Wenig's Restoration with a score of 99.5 out of 100:http://www.cityandshore.com/departments/in-th...-restored/
b) Projen Links:
Lifan Shijun Group: http://en.ynlfjm.com/
Lifan Projen: http://www.st-kt.ru/news/lifan-projen-high-end-po-kitaiski
Lifan Projen forms Alliance with Weichai Power: http://www.chinaautoreview.com/pub/CARArticle.aspx?ID=12340
*If TPAC can land Lifan Projen, Projen may usher in a relationship to Weichai Power.
Weichai Power: http://en.weichai.com/cpyfw/
(Look at the products and companies affiliated with Weichai Power)
c)NAVAIR, COMAC, SAE-AS:
Here is NAVAIR's link: http://www.navair.navy.mil/
Feel free to get in touch with them directly for an inquiry or with TPAC directly for an image and/or verification of this and other certifications.
COMAC C-919: http://english.comac.cc/products/ca/pi/
SAE-AS 81820: http://standards.sae.org/as81820/
SAE-AS 81934: http://standards.sae.org/as81934/
d) Boeing Notes (with some pertinent remarks to TPAC):
Boeing China Website: http://www.boeing.cn/
Boeing in multiple countries outside U.S. If China goes well, with U.S. market coming next, TPAC could supply several other nations in need of custom bearings(see Boeing in Brief(below)):
http://www.boeing.com/global/
Boeing Defense: http://www.boeing.com/defense/
Boeing Space: http://www.boeing.com/space/
Boeing Commercial: http://www.boeing.com/commercial/
Boeing in Brief:
Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
Boeing has a long tradition of aerospace leadership and innovation. The company continues to expand its product line and services to meet emerging customer needs. Its broad range of capabilities includes creating new, more efficient members of its commercial airplane family; integrating military platforms, defense systems and the warfighter through network-enabled solutions; creating advanced technology solutions; and arranging innovative customer-financing options.
With corporate offices in Chicago, Boeing employs more than 165,000 people across the United States and in more than 65 countries. This represents one of the most diverse, talented and innovative workforces anywhere. Our enterprise also leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers worldwide.
Boeing is organized into two business units: Boeing Commercial Airplanes and Boeing Defense, Space & Security. Supporting these units are Boeing Capital Corporation, a global provider of financing solutions; Shared Services Group, which provides a broad range of services to Boeing worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes.
Boeing U.S. Impact:
Boeing in the States 2015: The Boeing Company and its subsidiaries had over 152,000 employees working in 49 states as of December 31, 2014. In the past 12 months, Boeing paid nearly $50 billion to more than 14,800 businesses, supporting an additional 1.5 million supplier-related jobs across the country. These businesses include production suppliers and non-production vendors, as well as subsidiaries of companies to which Boeing made other payments. In 2014, Boeing contributed over $127 million to U.S. nonprofit organizations. In addition, Boeing employees invested more than $41 million into their communities through combined giving programs, including the Employees Community Fund, one of the largest employee-owned funds in the world.
Boeing Employees by location, 2015:
Employment numbers[edit]
Employment by location (2015)[118]
Location Employees
Alabama 2,669
Arizona 3,956
California 16,955
Illinois 722
Missouri 14,813
Pennsylvania 5,141
South Carolina 7,682
Texas 4,310
Washington 80,066
Other Locations 27,022
Total Company 162,730
Employment by division (2015)[118]
Group Employees
Commercial Airplanes 83,754
Boeing Defense, Space & Security 50,699
Corporate 28,277
Engineering, Operations & Technology 17,537
Finance & Shared Services 7,727
Other 3,013
Total Company 162,730
Source(Boeing Wikipedia): https://en.wikipedia.org/wiki/Boeing
Boeing Manufacturing Facilities:
Everett, Washington:
https://en.wikipedia.org/wiki/Boeing_Everett_Factory
Renton, Washington: https://en.wikipedia.org/wiki/Boeing_Renton_Factory
South Carolina: https://en.wikipedia.org/wiki/Boeing_South_Carolina
New Orleans: https://en.wikipedia.org/wiki/Michoud_Assembly_Facility
World's Biggest Building(Boeing; Everett, Washington): https://www.youtube.com/watch?v=CUxlpl5C3HI
Seattle Times Article; 'Boeing Opens St. Louis Tech Site with 700 Jobs:
http://www.seattletimes.com/business/boeing-a...-700-jobs/
Future of Flight; Boeing Seattle Factory Tours:
http://www.futureofflight.org/
Boeing Stock:
\https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=boeing+stock
Boeing Investors Page(notice comparatives between 2010 and 2014):
http://investors.boeing.com/investors/overview/default.aspx
Boeing Still Growing; Reports Record 2014:
http://www.prnewswire.com/news-releases/boein...26945.html
(Speculative Calculations Based on Boeing; Updated 12/27/15):
Here is a quick speculative calculation on potential Boeing orders; just being based on the recent 737 advanced orders. These calculations will not include other aircraft nor will it include repairs and replacement parts needed by current and future aircraft in operation.
Boeing Sees 3,000 Advanced Orders for New 737 at low key event:
http://www.hngn.com/articles/158504/20151209/...vent-3.htm
$TPAC 2014 Business Plan; pg 1 states that each aircraft needs 3,000 bearings at a value of $500,000 per aircraft. The infogrpahic on the bottom of pg 10 confirms that 3,000 is the correct number.
Quote from pg 1:
Validation of Business Model
The Company has established a manufacturing facility in the Luogang Scientific and Technology Center
in Guangzhou, China through its subsidiary, Godfrey China, to manufacture aerospace quality selflubricating
and standard spherical bearings, rod ends and bushings (collectively, “Bearings”). Over 3,000
of these parts (approximately $500,000 worth) are used in every aircraft and must be replaced regularly.
Source: http://tpacbearings.com/sites/default/files/t...s-plan.pdf
3,000 bearings * $500,000 = $1,500,000,000 in bearings for all 3,000 of the 737's on advanced order.
Will we land all of these? I highly doubt it. Instead, I'm going to divide the order by seven, seeing as we are only one of seven bearing companies in the world that is NAVAIR certified.
$1,500,000,000/7 = $214,285,714.29 (pennies to the right of the decimal place rounded up from .286 to .29).
This is what I believe to be the higher end of our potential. This does not include COMAC, the other international aerospace parts distributor, automotive, marine, alternative(robotics, heavy machinery, industrial application), nor does it include any other present or future relationships within the aerospace industry.
Our bearings are currently NAVAIR tested and approved at 25,000 rotations; as we are upgraded to 100,000 rotations, as previously discussed some time ago, we will likely acquire that much more business.
Boeing Wins $276M DOD contract for Maritime aircraft: http://www.zacks.com/stock/news/209087/boeing...e-aircraft
Boeing Echo Voyager Water Drone: https://www.rt.com/viral/335381-drone-submari...e-warfare/
e): Chinese Maritime Links:
Chinese Aerospace Power Evolving Maritime(read the full book description as I was not permitted to copy and paste the accompanying body of writing):http://www.amazon.com/CHINESE-AEROSPACE-POWER...1591142415
Shiptec Conference 2016 China: http://www.chinaexhibition.com/trade_events/7...China.html
Chinese Maritime Companies:
CMT: http://www.cmt.tw/html/e_introduction.html
Sino Eagle: http://www.sinoeaglegroup.com/manufacturing/y...nufacturer
Silver Marine: http://www.silvermarine.com/about/About_our_brand.html
Ocean Asia: http://www.ocean-asia.com/
Sea Spirit Boats: http://www.seaspirityachts.com/about.shtml
Atomix Boats: http://www.atomixboats.com/wawcs0139300/About-Us.html
Yacht Consultants Asia: http://www.yca-hk.com/company-profile.php
QingDao: http://hyboats.en.made-in-china.com/
Liya: http://www.lianya-industry.com/
Weichai Marine Engines: http://en.weichai.com/cpyfw/wmdyw/dlzc/cpyfdj/
Jiujiang Hison: http://www.hisonjetski.com/
Evergreen Maritime: http://www.evergreenmaritime.com/
Jin Ming Marine: http://www.jm-marine.com/en/
ZS Marine: http://www.zsmarine.com/
Hailun Yacht: http://qingdao-hailun-yacht-co-ltd.imexbb.com/
Fuyang Superrowing: http://superrowing.diytrade.com/
CN: http://www.boatcn.net/
Jiangsu Star Marine: http://jiangsu-star-marine-co-ltd.imexbb.com/
Brisea Marine: http://www.hktdc.com/manufacturers-suppliers/.../1X07FXNM/
Weihei Tianxia Yacht: http://en.chtianxia.com/
New Young Star Metal: http://newyoung-star.en.made-in-china.com/com...-Ltd-.html
Wechai Trust Boats: http://www.tradekey.com/company/Qingdao-Galax...35478.html
Transe Boats: http://www.transeboats.com/en/channel.asp?id=1
Ship Builing Trading Co: http://www.cstc.com.cn/cstc_e/component_produ...p?typeid=7
COSCO Shipyard(ship repair): http://en.cosco.com/col/col786/index.html
China Empire Marine: http://en.sh-empire.com.cn/aboutus.html
China State Ship Building: http://www.cssc.net.cn/en/
China Ship Building Industry Corp: http://www.csic.com.cn/en/
HZ Ship Group: http://www.hz-shipgroup.com/gsjje.php
Dalian Ship Building Offshore: http://www.dsic-offshore.cn/ENindex.aspx
f) TPAC Post Highlight Reel:
http://investorshangout.com/post/view?id=3482672
http://investorshangout.com/post/view?id=3537283
http://investorshangout.com/post/view?id=3550387
http://investorshangout.com/post/view?id=3568764
http://investorshangout.com/post/view?id=3590179
http://investorshangout.com/post/view?id=3591341
http://investorshangout.com/post/view?id=3595651
http://investorshangout.com/post/view?id=3596074
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http://investorshangout.com/post/view?id=3599355
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http://investorshangout.com/post/view?id=3604405
http://investorshangout.com/post/view?id=3605664
http://investorshangout.com/post/view?id=3610907
http://investorshangout.com/post/view?id=3612139
http://investorshangout.com/post/view?id=3612845
http://investorshangout.com/post/view?id=3613820
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http://investorshangout.com/post/view?id=3824798
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5) Conclusion:
In final summation, I would like to extend great respect and gratitude to the TPAC team. I consider it a chance of a lifetime to be invested in a company with such a stellar management team, who continues to display a rather unparalleled degree of honesty and transparency. Additionally, I would like to thank my fellow investors for all of the information each and every one of you has provided to the team at large. And without fail, I would like to take this opportunity to offer equally considerable recognition and appreciation to the team trio(and each of its respective employees) of IR/FR/BDG in bearing forth a great wealth of updates and information prior to the finalization of the long-awaited TPAC reconstruction. Without each and every person and party mentioned, the due diligence in supply would not be the same.
Sans omission, I would like to state very clearly that, in spite of the current share price and the small number of hurdles being tactfully circumnavigated, I am more enthusiastic about the Company's future than ever before. And while I am no longer posting with such frequency, let that not be a reflection or false parallel to my security as pertains to the holding of all shares purchased to date, none of which will even be considered as for sale this calendar year, or more likely much longer. May this all-in-one due diligence compilation serve as a useful tool to any that wish to use it while compiling your own independent company research to make your own investment decision(s). Regardless, if you have made it this far, I thank you kindly for taking the time to read it.