Mr McKay I was just wondering how you felt about the comments being made that your company has been a farce up to this point? I bought in with the idea your ebikes might be something that catches on in the US. After reading some of the posts here I question what your intent really is. What does it mean that your getting rid of retail?
Also I have been reading posts that have basically been calling you a liar. Why are you not defending your company from these attacks? I would like to think your building a reputable company but why the cloud of negativity?
I created this account because I now fear I made a bad decision. Please help me understand what is actually taking place with TPAC.
Also I have been reading posts that have basically been calling you a liar. Why are you not defending your company from these attacks? I would like to think your building a reputable company but why the cloud of negativity?
I created this account because I now fear I made a bad decision. Please help me understand what is actually taking place with TPAC.
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• Any shareholder that wants to see factual info on a 10 year down turn, 7 years under Bill McKay, is welcome to ask me and I will provide factual information.
• Everyone knows that the preferred shares TPAC passed out had a ratio of 1 preferred share = 100 million. Every Q & K shows when Bill’s preferreds were passed out.
• 95% of preferred shares were passed out prior to 2016. The stock was already headed for dilution. TPAC had to how else would it allow the shares to be processed.
Carson blames IR/manager James and S7 for TPAC down side. The stock was already in the downtrend.
However, let’s take a look at some facts. The year is 2015 first quarter of the year, TPAC has a 6 year downtrend falling from 1.25 down to .0001 with toggle to .0002. You can find any ten year chart. Carson buys TPAC before or during that year. He tells IR manager James that he is a long strong in the 2016 CC.
But let’s examine the 2015/2016 year. Before IR was in the picture 2015 TPAC sits near the floor with the following conditions.
No contract in 5 to 6 years
No revenue source 5 to 6 years
Manufacturing facility wrote off on taxes
Q/K says that Bill doesn’t know if he can keep his doors open
Company in debt with loans
Preferred shares used for board members
Preferred share used for business services
OS sitting at 2.9 billion with a preferred base if converted 1.7 times that with an OS cap of 4.5b
Cash on hand less than 5 k
Carson buys shares. This is before IR was known.
2016 TPAC rises from .0002 to .0072
109k was revenue on the Q/K
Cash on hand still less than 5 k
OS rose to 3.4 b during .0072 spike, 1 preferred =100 million common, capable of maturity after 6 months, again all before IR.
TPAC releases about 200 to 300 new preferred to begin paying down loans, again before IR shows up.
No contract no revenue - .0072 starts to fall reaches .0015. IR comes on base as a new post.
Carson omits all this information in his well written posts.
TPAC even the 109 was removed from the Q/K, without any revenue he could not sustain the .0072.
