$TPAC."For the fiscal year ended October 31, 2016"
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Posted On: 03/01/2017 4:05:12 AM
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$TPAC."For the fiscal year ended October 31, 2016"
Most of the report covers the bearings side from the past,2008 up to Oct 31st 2016.
Yep OLD news,most of it already known except the detailed share transactions in the process of running the company that are to be expected.
"Going concern" OLD news -already known and discussed here before.
********************************************************************************************
"FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended October 31, 2016"
********************************************************************************************
---Some report high lights-
"We presently intend to retain earnings to finance the operation and expansion of our business".
"Since April 2013, Mr. McKay has waived the salaries owed to him".
"In addition to our partners’ foreign based operations, we plan to establish our own manufacturing facility in the United States to provide component parts to U.S. military weapon systems and commercial aerospace end users".
"We do expect to market to the U.S. military".
"We expect to compete on the basis of engineering, manufacturing and marketing high quality products which meet or exceed the performance and maintenance requirements of our customers, consistent and timely delivery, and superior customer service and support. Additionally, we plan to take advantage of established long term relationships and sales "offset" regulations (in China and our other target markets) that require aircraft OEMs such as Airbus and Boeing to procure and utilize local made components for incorporation into products sold".
"Currently, we are approved by NAVAIR and are an approved supplier to Boeing Commercial Aircraft Company".
"The Dongguan facility, located in close proximity to Hong Kong, is the first and only facility in China qualified for the production of SAE-AS81820 and 81934 spherical bearings and bushings. We anticipate providing NAVAIR with test samples for approval under SAE-AS81935 for the production of rod end bearings during 2017. Our spherical bearings are now eligible for sale to OEMs in the U.S. Since the PMA process is unavailable to manufacturers in China, products produced at our facilities in China will not be entitled to be sold in the U.S. aftermarket directly by our Chinese manufacturing company. However, because TPAC is located in the USA, we are able to utilize our facility in the United States in order to sell to the aftermarket the parts manufactured by our facilities in China".
******************************************************************************************
----Remember SINCE Oct 31st 2016-
Below NOT covered in this new report.
Nov 16th 2016 PR-
Trans-Pacific Aerospace Reports Revenue from Export/Import Business
Dec 12th 2016 PR-
Trans-Pacific Aerospace Company - 2016 Revenue Rises.
Jan 11th 2017 PR-
Trans-Pacific Aerospace Announces Signing of Letter of Intent.
http://investorshangout.com/recentnews/TPAC
*****************************************************************************************
Some will harp about the going concern,that was there before and already discussed.
They want your cheap shares and/or they have an agenda and/or are shorting TPAC
*****************************************************************************************
Remember also who is lurking for cheap share buybacks.
Know what you own,where it's been and where it's going.
-Who would sign on to reconstruct a company that had zero potential?.
-MRVB's daily income.
-EIA.Been pretty quiet,still getting rolling.
TPAC Bearings @TPACbearings 13 Jul 2016
Quotes are picking up significantly. Well into 8 figures & we expect to break
$100 million this month. May exceed $200 million for July.
-Financial Division planned.
-Buybacks started.MRVB has bids in for shares.
-Loans-Yet unknown.New US administration now in office.
-TPAC wants to uplist (James stated on CC last year) and also reach a goal of .05.
**************************************************************************
I'll take your .0004's or 3's or even 2's if you want to sell.
IMO of course.
Most of the report covers the bearings side from the past,2008 up to Oct 31st 2016.
Yep OLD news,most of it already known except the detailed share transactions in the process of running the company that are to be expected.
"Going concern" OLD news -already known and discussed here before.
********************************************************************************************
"FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended October 31, 2016"
********************************************************************************************
---Some report high lights-
"We presently intend to retain earnings to finance the operation and expansion of our business".
"Since April 2013, Mr. McKay has waived the salaries owed to him".
"In addition to our partners’ foreign based operations, we plan to establish our own manufacturing facility in the United States to provide component parts to U.S. military weapon systems and commercial aerospace end users".
"We do expect to market to the U.S. military".
"We expect to compete on the basis of engineering, manufacturing and marketing high quality products which meet or exceed the performance and maintenance requirements of our customers, consistent and timely delivery, and superior customer service and support. Additionally, we plan to take advantage of established long term relationships and sales "offset" regulations (in China and our other target markets) that require aircraft OEMs such as Airbus and Boeing to procure and utilize local made components for incorporation into products sold".
"Currently, we are approved by NAVAIR and are an approved supplier to Boeing Commercial Aircraft Company".
"The Dongguan facility, located in close proximity to Hong Kong, is the first and only facility in China qualified for the production of SAE-AS81820 and 81934 spherical bearings and bushings. We anticipate providing NAVAIR with test samples for approval under SAE-AS81935 for the production of rod end bearings during 2017. Our spherical bearings are now eligible for sale to OEMs in the U.S. Since the PMA process is unavailable to manufacturers in China, products produced at our facilities in China will not be entitled to be sold in the U.S. aftermarket directly by our Chinese manufacturing company. However, because TPAC is located in the USA, we are able to utilize our facility in the United States in order to sell to the aftermarket the parts manufactured by our facilities in China".
******************************************************************************************
----Remember SINCE Oct 31st 2016-
Below NOT covered in this new report.
Nov 16th 2016 PR-
Trans-Pacific Aerospace Reports Revenue from Export/Import Business
Dec 12th 2016 PR-
Trans-Pacific Aerospace Company - 2016 Revenue Rises.
Jan 11th 2017 PR-
Trans-Pacific Aerospace Announces Signing of Letter of Intent.
http://investorshangout.com/recentnews/TPAC
*****************************************************************************************
Some will harp about the going concern,that was there before and already discussed.
They want your cheap shares and/or they have an agenda and/or are shorting TPAC
*****************************************************************************************
Remember also who is lurking for cheap share buybacks.
Know what you own,where it's been and where it's going.
-Who would sign on to reconstruct a company that had zero potential?.
-MRVB's daily income.
-EIA.Been pretty quiet,still getting rolling.
TPAC Bearings @TPACbearings 13 Jul 2016
Quotes are picking up significantly. Well into 8 figures & we expect to break
$100 million this month. May exceed $200 million for July.
-Financial Division planned.
-Buybacks started.MRVB has bids in for shares.
-Loans-Yet unknown.New US administration now in office.
-TPAC wants to uplist (James stated on CC last year) and also reach a goal of .05.
**************************************************************************
I'll take your .0004's or 3's or even 2's if you want to sell.
IMO of course.
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