$TPAC We have a lot going on here. It is truly ama
Post# of 22940
First and foremost, before touching on some of the recent fundamental announcements, I am going to lead in with a few excerpts from private messages. I have made slight modifications to those numbers in this post, seeing as a few things have changed numerically since replying to fellow shareholders behind the scenes. I am not promising accuracy, but am going to strive for it as best as possible.
Let's start with the share structure as can best be observed and synthesized. If there are any questions, please either contact the company or standby for filings. Within the first block of info, the accumulation of shares will be noted in tandem. It shall be observed by the accumulation line(see instructions below this excerpt) that the share repurchasing from the company that has taken place and been made visible on screenshots is not evident on the chart. Two schools of thought on that: 1) some remain skeptical and believe it has not happened 2) it has happened, has been accurate, though has not shown on chart due to a likelihood of being repurchased from the market maker inventory before disbursement into the float. While both camps are of a speculative nature, I resign strong sentiments to school of thought number two.
Excerpt 1: "The setup we're witnessing is incredible. 1B shares soaked up in one MRVB, 333M+ in another, 9M in another, 4th MRVB unknown(*edit: 5th MRVB on the way), and shareholders have now set a new high accumulation number as of today(by 2M shares, thanks to my neighbor) at 1.877B(edit: accum now at 2.028B). Add that all together and we have a minimum of 3,218,000,000 shares out of 4.4B held(edit: 3.37B accumulated). Only 1.2B left and the MRVB's are still buying...." edit: 4.4B-3.37B = 700M left, not in the hands of investors, traders, or the company).
Link and instructions to accumulation display. Note that downtrending price move in correlation with rising accumulation line depicts bullish divergence within a bearish trend, an overall bullish indicator(short video on accumulation here: https://www.youtube.com/watch?v=fbcQZo3s7Ac ).
To access the accumulation data: https://www.tradingview.com/chart/?symbol=TPAC Click below on Strategy Tester. Next on Indicators and Strategies. Proceed to Accumulation/Distribution. Click outside of the indicator box to view. Observe the accumulation number at 2,028,907,564. That is as of 6:30pm 1/17/17. Take note that as of this summer, accumulation was at approximately 800M and change.
Next, let's take a potential look where things are headed. The next excerpt will lead that direction. Again, this is just conjecture interspersed with a bit of raw calculation, nothing formal.
Excerpt 2:
"And to think, I was doing some calculations just off of BTL when Muse said 98% of revs would not be from contracts.
98%? That led me to: 13.5M/yr(intentionally leaving out LA from the SLA) is 2% of what?
13,500,000/.02 = $675,000,000
That was good enough, right?
Now, Bill is talking aerospace deals and EIA deals.
To be somewhat conservative and somewhat enthusiastic all at the same time, lets assume that between the aerospace deals and EIA deals, that number goes from 13.5M/yr to 20M/yr in total(BTL, aerospace, EIA).
20,000,000/.02 = $1,000,000,000 (yes, $1B)
And if higher? I'm not even going to go there...(yet).
Now, we are talking about 15+MRVB's by EOY 2017, EIA deals, aerospace deals with Boeing, etc., BTL SLA, possibility of AU SLA, other potential SLA's(battery manufacturer, bearings, etc), making our way to Africa and India, serving as a financier for source vendors(which I'm thinking could be a way to help Boeing two fold - one for struggling vendors stateside, and two, for struggling aerospace entities in China that will turn into SLA's for our NAVAIR product that will help both us and Boeing to expand), and, last but not least, things like the MRVB's(as mentioned above), Series B and C shares, huge reduction of common shares, new investors competing for any remaining shares that get flipped as we move up, current investors and IR competing for the same shares, and who knows what else.
$20M might be a flash in the pan. And if MRVB's are 98% of future revs, and $20M is then, by calculation, only 2%, leading our 100% gross rev total at $1B, what could something much less conservative and more optimistic yield us?
$20M in revs / 1.5B O/S(just to play with a 1.5B as a FUTURE target, post-reduction and de-authorization), would give us an eps of: (20,000,000/1,500,000,000) = 0.0133333333 = 1.3 cents EPS
Then, they said they wanted the P/E ratio to be single digits to eliminate manipulation. Factor in any P/E ratio greater than 1, and we're sailing. We may not ever need an R/S to hit AMEX or NASDAQ."
Moving forward from those tidbits, let's take a look at what is happening within the past couple of days to weeks.
We all are aware of the contents of the Pre-14C and are also privy to the expansion thereof within the proxy documents and dissenter's rights. In summation for those refreshing, without being comprehensive, would be the following. Unlimited authorized, removal of Jason Wenig (merely for voting purposes, as he was the newest guy in), merger of TPAC-NV and TPAC-WY, tax/dividend/common/preferred legalese, dissenter's rights and forms to cash out, and depiction of the commons as 1:1 post-merger, leaving all commons currently held at the same value and count as currently held, savings of $9600/yr, framework for other undisclosed articles of business and operations.
As of 2017, it has been mentioned that we are making an alliance with the Sphere International SI TPG MRVB. This was the big one(that we know of) that displayed an 8-figure balance of cash and an additional 8-figure balance within the market as investments held.
Briefly mentioned, it was said that the alliance of Sphere's MRVB and Asset Acquisition System would not be official until the end of January in which TPAC then became a formal WY listing. This is very likely what was alluded to when stating that there would be a financial amendment. We could also see a more formal event with SI/IR in the form of a JV.
I had originally presumed the asset acquisition system to be somewhat synonymous with the SRA for share reductions, but seeing as we are now going back to the original plan of physical acquisitions within the aerospace sector(obviously this was just hidden and never deviated from), it is now quite likely that SI's MRVB as part of the AAS is for something more physical than just share repurchasing.
To jog back for a minute, before the thought slips away, when going back to the accumulation of shares, I believe there has been less volume than appears, a wash if you will, or retail creation of liquidity by bidding at a price one can sell into without any loss of funds outside of a standard trade commission. On our +100M volume days, the accumulation line has never deviated 100M shares held or sold in either direction. This is good for creating a rising average 30 day volume. Once the shares outside of the float are soaked up, the shares within are next(if not already being taken). The company can buy up to 25% of the average 30 day volume, so, the higher the average, the higher the correlating 25% shall be. Example: Average 30 day becomes 80M, 25% on the day becomes 20M, by the week, 100M soaked up.
That info now out of the way, there have been some tremendous tweets by both Bill and IR. We are now showing a clear and ongoing relationship with BTL and also are showing continuous involvement with Boeing. We are setting up quite the infrastructure here for what a good friend of mine likes to refer to as a conglomerate. That is exactly what seems to be in motion. How so?
It has been revealed that Boeing wants a consolidation of companies in China so that their business arm can reach east while remaining American via TPAC as their NAVAIR entity. But, before that can happen, we must have the infrastructure in place to support the load. We are moving in with BTL, they have the AS9100-C that Boeing prefers while we are limited to the AS9100. In addition to what BTL can assist with, that may not be enough to service Boeing. The infrastructure needed to keep up with the demand in part volume could, and likely does, require us to expand in the form of additional SLA's and targeted acquisitions. Targets have been mentioned in both the US and China, as has the paraphrasing of the term 'consolidation of companies'. So, consolidation is the goal on both continents. If we are consolidating in China upon Boeing's request, could we draw a parallel of the same order of business within the US? I'll leave that one in the air, though I have my own sneaking suspicion.
EIA deals are still very much part of the program, as Bill has mentioned working on projects once overseas again. The EIA program could be a much more able arm than we are currently giving credence to. If we are acquiring companies or engaging in future SLA's and licensing deals, it would be quite the rider on top of the standard contract to include assurance on cargo being sent in or out. This could even prove to serve Boeing as an additional advantage. We have currently become one of their financiers for struggling source vendors, and we're now building a foundation of infrastructure to be consolidated in China in regards to bearings and associated aerospace parts. If the materials need to move, it could very well be in Boeing's favor to have some additional assurance as the cargo changes hands and location.
COMAC and AVIC are popping up again. It seems, by speculative inference alone, BTL might be a shoe in in that department as well, either by the AS9100C, personal/business relationship, or due to their own domestic status as a Chinese entity. We, as an American business, can bring Boeing's work to China and to BTL, a Chinese entity, while BTL can bring forth AVIC/COMAC, all for similar reason of national business status.
COMAC/AVIC have co-ownership of the C-919, which is China's answer to Bowing's 737: http://www.cnn.com/2015/11/02/asia/china-new-...index.html Those that have been here for at least a year will remember that we trialed parts for those companies. The products were accepted and no more trial parts were needed. While sounding cut and dry, that may not be the case. Again, we may have needed a few other elements in place: domestic/national status via BTL et al, AS9100-C, increase of infrastructure, and a more advanced relationship with Boeing, as it has been touched on that we are somehow the bidirectional bridge between the two aerospace megaliths, thanks being to our NAVAIR cert and the rarity of such in China as of the present day.
It looks as if we are currently in talks with one or more struggling source vendors who serve Boeing. We may fulfill the same role for some of the struggling Chinese aerospace companies, who may or may not serve AVIC/COMAC.
Additional announcements this month have been the Series C shares. Anyone owning Series C is making a return based upon the duration of the holding period, which if memory serves correctly, is 6-18months.
The Series C capital has served in the funding of an additional MRVB. Muse mentioned recently that this month alone we were looking at $500k DTBP. The Series C is quite the boon to anyone also in ownership of commons, as the MRVB's and Series C share investment count as paid in revenue, according to the FR.
As the SS shrinks, BTL goes live, EIA starts moving, Series C investment and revs hit the books alongside other MRVB revs, we should see a much awaited turnaround. If shareholders hold commons, the Series C acts as a revenue source to improve the balance sheet. With the C shares inside the MRVB for multiplication of funds, the effect becomes exponential. Remember that $3k was turned into $300k in a few months during trials. We now have more MRVB's, and the Series C has $1.9M as a starting point, not $3k.
On January 11th, the following PR came out: http://www.prnewswire.com/news-releases/trans...portal_CAP
Bill states that he expect the DD phase to be smooth as this appears to be business among friends. That said, don't expect anything for 6months, according to the PR, or possibly as soon as the end of March, if reading into Bill's tweets regarding his travel schedule and the LOI. Muse has also said that there will be an NWE regarding BTL shortly and that Bill will have a daily presence there. Hang tight.
All of that behind us, Bill and company have been displaying the fruits of some very long-term relationships that are just now being culminated in the more advanced stages of the deal-making process(es). IR has alluded to many of these along the way. Reading the feeds in reverse is just as helpful, sometimes more so, than reading them going forward. What is being said now has been hinted at strongly before.
Things are taking time, and delays are now expected by shareholders and are being met with greater grace rather than worry. There is an obvious turning of the tide, more concise communication, and a sense of investor ease.
All that we are waiting on are revs, filings, closing of deals, and a few other landmarks(ie waiting on the company to buy up shares at the bottom until satisfied), and then we should see the turning of the price per share in our favor. Once that happens, I do not see us returning to these levels, or anywhere close to, ever again.
Thanks to the awesome team of longs here. We have quite the story unfolding. I will sign off by saying I only see it as the beginning of the first half one book of an epic trilogy. Get ready and stay strong, we're almost there.