According to TPAC's latest Business Plan (08/26/2016) on page 9:
Service Level Agreements support the prime directive to acquire more manufacturing capacity to manage the efforts to produce higher volumes and provide a prime domain for majors like Boeing to have one stop shopping. First quarter 2017, TPAC will implement a new campaign targeting China bearings manufacturers. This campaign utilizes EXIMs support programs and China business initiatives to form a secure financial environment from which TPAC will work directly with the China government to source the top five manufacturers and create a USA/China conglomerate to compete for global market share. TPAC holds a $135M contract with Billion Technology Limited.
So, for the BTL Licensing and SLA, it appears that BTL agreed to provide 13.5M in production capability per year but it's probably up to TPAC to come up with the contracts with Boeing, Avic, or others for those parts before BTL can make them. It's just the Level of Service that BTL is capable of that BTL is agreeing to. It seems like many SH believed that BTL would hand TPAC $13.5M per year for 10 years but that simply isn't the case. BTL is a manufacturer that has agreed to work with another manufacturer, TPAC, to produce bearings however somebody like Boeing has to order those parts first before they can make them. We're talking potential revenue here, not actual.
According to the TPAC Business Plan on page 8 the following is noted:
TPAC will implement a Share Reduction program in 2017.
Timeline estimates as early as 2ndQ (April 2017). Type of program: TBD.
Since the latest 10-Q covers up to and including April 2017 and since the timeline estimates the earliest that the share reduction would begin would be April, 2017, it is apparent that it hasn't started yet. As far as the MRVB is concerned, that's probably outside the scope of the TPAC filings other than to show a general retirement of shares.
This, of course, is JMO.
Service Level Agreements support the prime directive to acquire more manufacturing capacity to manage the efforts to produce higher volumes and provide a prime domain for majors like Boeing to have one stop shopping. First quarter 2017, TPAC will implement a new campaign targeting China bearings manufacturers. This campaign utilizes EXIMs support programs and China business initiatives to form a secure financial environment from which TPAC will work directly with the China government to source the top five manufacturers and create a USA/China conglomerate to compete for global market share. TPAC holds a $135M contract with Billion Technology Limited.
So, for the BTL Licensing and SLA, it appears that BTL agreed to provide 13.5M in production capability per year but it's probably up to TPAC to come up with the contracts with Boeing, Avic, or others for those parts before BTL can make them. It's just the Level of Service that BTL is capable of that BTL is agreeing to. It seems like many SH believed that BTL would hand TPAC $13.5M per year for 10 years but that simply isn't the case. BTL is a manufacturer that has agreed to work with another manufacturer, TPAC, to produce bearings however somebody like Boeing has to order those parts first before they can make them. We're talking potential revenue here, not actual.
According to the TPAC Business Plan on page 8 the following is noted:
TPAC will implement a Share Reduction program in 2017.
Timeline estimates as early as 2ndQ (April 2017). Type of program: TBD.
Since the latest 10-Q covers up to and including April 2017 and since the timeline estimates the earliest that the share reduction would begin would be April, 2017, it is apparent that it hasn't started yet. As far as the MRVB is concerned, that's probably outside the scope of the TPAC filings other than to show a general retirement of shares.
This, of course, is JMO.
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JonnyBGood
