McKay has ignored all sorts of SEC Requirements:
1. Gould, an officer/director, resigned July 6, 2016, yet nothing was revealed about the resignation until they released their 10-Q yesterday. An 8-K is a requirement when directors and certain officers depart.
2. TPAC replaced him with a new officer/director - that officer list was just filed last week, September 14. Another 8-K was required when new directors and certain officers are elected / appointed.
Both of these events triggered their obligation to file an 8-K with the SEC within 4 business days.
Never attribute to malice that which
can be adequately explained by
stupidity, but don’t rule out malice.
- Hanlon's Razor