TPACmuse · @TPACmuse
26th Apr 2016 from TwitLonger
TPAC Is Changing
Good Morning Shareholders.
IR findings indicated that at the start of their analysis there were 3.49B outstanding shares.
After the 10-K and 10-Q filings, there was a decrease of 544 preferred shares and an increase in common shares by 544M which totals 3.49B. The difference in what has been reported by IR is 260M.
CEO Bill McKay confirms that these numbers are valid; actions were taken to secure TPACs operations and start new management changes.
The USA FR Financial Reserve Formula (FRF) increases the 3.49B by 7 percent to safeguard against future dilution therefore raised that number to 3.75B. This is a factor x (no real shares have been added).
RECAP: TPAC Financial 90 Day Reconstruction
• USA FR Freezes, as of March 28, outbound Preferred Shares
• USA FR Halts Share Reductions Plans (no buy backs or splits in 2016)
• USA FR Places a 20 percent hold on all funding sources to increase Cash Reserves
• USA FR Comments TPACs operations will not collapse On Her Watch
IR special note: What is advantageous about this is that now there is an IR Group. Normally shareholders are only privy to changes at each new filing. With a new IR in place, you will be informed from this point forward when significant changes have developed.
It was mentioned earlier that the FRF, increased the shares by 260M; this is virtual in nature to ensure there is enough reserve currency to uphold the PPS to minimize slippage during dilution. As IR moves closer to completing the analysis, shareholders will be informed of factual changes as they happen.
Feel free to learn more about the Financial Reserve Formula (FRF). Email ir@tpacbearings.com
There is change and the change is great…