Saturday, December 09, 2017 9:20:07 PM
According to otcmarkets.com TSPG filed a 10k form on Nov 15 2016 for the period ending July 31 2016 which was just a little over a year ago.
2. The Issuer is current on all reports required to be filed with the SEC
They filed a Form D to become a non-SEC compliant issuer means they're not required to report to SEC.
I guess your both requirements have been met.
Now here's some brush up on Rule 504 of Regulation D:
1. Overview
Rule 504 of Regulation D provides an exemption from registration under the Securities Act of 1933 for the offer and sale of up to $5,000,000 of securities in a 12-month period.[2]
2. Eligibility
The following companies are not eligible to use the Rule 504 exemption:
companies that already are Exchange Act reporting companies;
investment companies;
companies that have no specific business plan or have indicated their business plan is to engage in a merger or acquisition with an unidentified company or companies; and
companies that are disqualified under Rule 504’s “bad actor” disqualification provisions.
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