Yes Bill can still save TPAC and protect sharehold
Post# of 22940
(Total Views: 451)
Posted On: 06/14/2019 3:28:34 AM
Re: Steel Reserve #22054
Yes Bill can still save TPAC and protect shareholders but he needs to act now before its too late. He already stated he doesnt have the funds to bring TPAC current so he needs to file the Form 15 and become non reporting to protect TPAC and its shareholders. That should be his #1 priority at this point.
I agree with you, I do not think Bill has any desire to bring TPAC current again. He doesnt have the money to pay the back taxes owed to Wyoming SOS or to pay for an Auditor and Attorney to bring TPAC current. If he files a Form 15 he still has the issue with Wyoming SOS back taxes. TPAC has already been Administratively Dissolved due to delinquent taxes.
The best option would be to find a successful business looking to go public willing to clean up the TPAC mess and take over the shell. At this point its not worth anything.
I agree with you, I do not think Bill has any desire to bring TPAC current again. He doesnt have the money to pay the back taxes owed to Wyoming SOS or to pay for an Auditor and Attorney to bring TPAC current. If he files a Form 15 he still has the issue with Wyoming SOS back taxes. TPAC has already been Administratively Dissolved due to delinquent taxes.
The best option would be to find a successful business looking to go public willing to clean up the TPAC mess and take over the shell. At this point its not worth anything.
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