Trans-Pacific Aerospace Company Inc (OTCMKTS:TPAC) Gets Corrected

[[tagnumber 0]][[tagnumber 1]]Trans–Pacific Aerospace Company Inc (OTCMKTS:TPAC)’s stock was dragging in triple zero land for quite some time before surging for no apparent reason. The surges from the beginning of the week pushed the ticker above the $0.001 per share mark and came without any new press releases or paid promotions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This was rather strange, especially considering all the red flags surrounding the company. First of all, TPAC hasn’t been diligently posting their financial filings. The latest 10–Q covers the quarter ended July 31 and contains the following numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $95 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $490 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: ZERO[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $1.5 million[[tagnumber 11]] [[tagnumber 18]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But this is not the biggest problem surrounding [[tagnumber 22]]TPAC.[[tagnumber 23]] As we previously wrote the company managed to dilute its common stock by a massive 600% in less than a year, going from 497 million outstanding shares in March to 3.8 BILLION OS in September.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday [[tagnumber 22]]TPAC[[tagnumber 23]] announced that they have managed to repurchase and retire 500 million shares under its share repurchase program. It seems, however, that the news came a bit late, because the ticker lost a total of 15.38% and closed at $0.0011.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 22]]TPAC[[tagnumber 23]] is already 18.18% in today’s trading so it seems that the company stock will keep correcting until it reaches its previous levels, despite the positive news that keep coming today.[[tagnumber 2]]