Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: gizwick who wrote (58000)	9/15/2016 4:28:23 PM
From: Lazarus	Respond to of 78748

lev·er·age 'lev(?)rij,'lev(?)rij/ verb past tense: leveraged; past participle: leveraged 1. use borrowed capital for (an investment), expecting the profits made to be greater than the interest payable. So, you dont think TCPI's $46 million in debt (coming due soon) against their $20 something million in cash -- (not to mention accounts payables) is highly leveraged?

To: gizwick who wrote (58000)	10/5/2016 5:42:56 AM
From: Elroy	Respond to of 78748

Any idea what's up with TCPI? -- Separately, the Audit Committee of the Board of Directors stated that it is in the process of obtaining what it believes are the last pieces of information from banks in China and Hong Kong necessary to allow it to complete its investigation into certain payments made by the Company's Chairman, Ellis Yan, and into potential related party transactions involving Ellis Yan and the Company's Vice Chairman, Solomon Yan. Pending the review of this information, the Audit Committee anticipates completing its investigation by the end of September 2016. Based upon the investigative procedures to date, the Company has not identified any material adjustments to its financial results. However, the investigation is still ongoing and there can be no assurance that material adjustments to previously issued financial statements will not be required. The Company is taking the actions necessary to enable it to complete its financial statements and prepare its delinquent reports as soon as practical once it has obtained the necessary information to issue its financial statements. http://finance.yahoo.com/news/tcp-announces-resignation-k-r-201500753.html