I wouldn't be surprised to find out that management of TPI has an equity interest in Buchang. This is the only thing that makes sense....... this way management of TPI could have its cake and eat it to.
Irrespective of the numbers on the balance sheet and income statement, if management can't get their 10K and 10Qs filed on time like 99.99999% of all public companies do, than how much confidence does an investor have in management ?
Who is responsible for this reoccuring fiasco of delays that happen so often ? Does senior management even care or realize the importance of showing investors that they've got their act together ?