I am not a financial advisor, but if I were in you
Post# of 22940
Lets go over the recent summary of findings provided by the AFS team on the AFS E-list:
Quote:
Summary of Findings
No Pre-Revenue Condition Found
Initially, the Company was incorporated in June 2007, as Gas Salvage Corp., an Oil and Gas (O&G) company focused on exploring and evaluating undeveloped O&G prospects and participating in drilling activities. Later in 2008, the Company changed its name to Pinnacle Energy Corp. During the period, 2007-2009, the Company focused on acquiring and developing O&G resources. However, pursuant to the acquisition of aircraft design and manufacture business of Harbin in February 2010, the Company divested its O&G properties and shifted its business focus to the designing of aircraft component parts.
* Investors should not view TPAC as a pre-revenue company. The company has undergone three name changes and a public stock offering since 2008.
The following financial condition for 2013 remains relevant, with adjusted figures, to recent fiscal years.
Example: Results for Fiscal Year Ended October 31, 2013: The Company has not commenced revenue producing operations to date; it has incurred a net loss from operations of US$1.78 million during FY2013 and has an accumulated deficit of US$9.09 million since inception (June 2007). During FY2013, the Company’s operating expenses primarily consisting of professional fees, consulting fees, and other general and administrative expenses which increased 21% Y-o-Y, primarily due to the issuance of common stock to the board of directors and consultants. Net Loss rose to US$2.337M in FY2013 from US$1.537M in FY2012.
Trailing decline in TPAC stock offering.
From 2008 ($1.20) to 2016 ($.0006), TPAC's stock price has declined by 99.95 percent.
Deficit growth averages 3 percent Y.O.Y
Per the most recent 10Q and from preceding financial statements, TPAC has amassed a deficit. As of quarter ending July 31, 2016, the deficit has reached $23M.
Overvalued
TPAC stock offerings PE Internal PPS/MPPS status overvalued. Corrections Necessary.
Let all the above information sink in for a minute. When you've had time to reflect & ponder over all that relative information - let's go over a great financial equation.
Earnings Per Share = Net Income / Outstanding Shares
Lets assume that the net income for calendar year 2016 is as follows:
$109k parts p.o
$100k Woodward Global
$900k MRVB platform
Net Income = $1,109,000.
Ok moving forward we know the outstanding shares was 4,199,000,000 as of 11/2/16. We can now complete the EPS equation.
EPS = $1,109,000 / 4,199,000,000
EPS = $0.0000264
Now, you've stated you own just shy of 100 million shares correct? Lets find out what the aggregate earnings your shares would have produced. I'm going to go ahead and assume you own 90 million shares. Lets multiply your position by estimated EPS:
AE = 90,000,000($0.0000264) = $2,376
For fun, lets ponder what you paid for these 90 million shares. Whatever that figure is your investment cost of $X_XXX, $XX_XXX, or (* doubtful *) $XXX,XXX produced an aggregate earnings of $2,376 for 2016.
Now with that in mind, did you really think the PPS was going to reach $.01 this year? If so, take this as a lesson. Learn from it, and move the trust fund money back to the big board stocks. I can only fathom what the costs of medical tuition might be for 2017. You might need the money from the tone of your posts.
Anyways, hope you learned something. Happy thanksgiving all. I'd like to share something I'm thankful for - since we're on relevant TPAC conversation. I am thankful to see the company I'm invested in - finally produce revenue from two different platforms: MRVB + EIA. Hopefully this year TPAC will receive a nice $1-3 million payment from BTL on its SLA contract, and hopefully provide the MRVB with some more funds to retire shares with - so we can allow the frustrated investors here to cash out.
all in my opinion.