of days, the stock bounced up higher and its traded volume already exceeded four million shares. Will the gain continue during the next days, or is it a matter of time to cut off the bullish trend? Looks like Trans-Pacific has been constantly re-ensuring its market position.As already reported on hotstocked.com, two days ago TPAC was the biggest promotion of the day, worth approximately $24 thousand paid for the whole campaign. The stock appeared in twelve promotional newsletters, while Trans-Pacific was releasing positive announcements on its activities. Yesterday, the company continued the good news series by confirming its eligibility to receive $2.2 million business development grant from China.
Along with the on-going promotional campaign, the optimistic announcements by TPAC have additionally ensured its stock price. Apparently, investors’ interest has been constantly fueled up and TPAC kept the up move. However, the promotions were scheduled for two days (until Jan 19) and now it’s interesting what’s next.[BANNER]
Today the company continues with the good news, announcing a $19 billion deal and hoping it will hold the up trend longer. And while Trans-Pacific is still in the process of qualifying its Guangzhou China manufacturing facility producing test parts for certification by the U.S. Navy, its revenues remain optimistic projections. In the meantime, let’s repeat the pure facts.
The quarterly report of Trans-Pacific shows more assets than liabilities, however, the deficit accumulated during the development stage period totals over $2.5 million. Apart from the huge deficit, as of end-July 2010 the company has an increasing net loss from continuing operations and much higher operating expenses than the year before. Besides, no revenues were generated last year and TPAC still has no sufficient cash to cover the losses. In that case, how much time will Trans-Pacific need to get profitable?
