Trans-Pacific Aerospace Company Inc. (fka TPAC)

[VeronicaFox]

We all understand that penny stocks are gambles. They are all speculative. Most go out of business. We all understand the risks that business for these penny stocks will not work out the way they wanted. That's fine. We get that. We gamble on these companies because we want the big payoff. So we understand losing money because the company is not successful. Losing money is not the offense.

But...

Lying IS the offense. I can live with the fact that McKay might be incompetent, stupid, and a lousy businessman. And if I lost money just because I bet on a Bill McKay-project, then that's life. I'm not upset if I bet on an idiot or a lousy businessman because that is the risk of investing.

However, I AM upset if I believe that I betting on a speculative business when that person is simply taking my money to bankroll his endless vacation...or makes countless false statements about the company and it’s financial condition in order to extract more money under false pretenses.

That's the simple difference between being a lousy businessman and a fraudster.