It can be fraudulent. Please go back and thoroughly read this post...be sure to click on the link "mckay and bad actor dance..."
When fraudulent it's not an oversight. The author of that blog thought the enforcement in Arkansas was a little harsh. Arkansas, apparently, thought it was severe enough forenforcement. Once I get some regulators looking into (failing-to-file-Form-D-bait) this shit stock...then > I bring in the other "heavy-guns-fraud"...which I've eluded to many times before...if not outright accused tpac of...
This violation they take very, very >> seriously:
Failure to file Form 8K for the sale of unregistered securities.
See those "no failure to file under the following items"...DOES NOT include Item 3.02. tpac <> mckay are so screwed for not filing 8Ks when they sold unregistered securities...SEC will ream tpac <> mckay hard for this.
See Item 3.02, below. tpac had 4 business days to file the 8K. Now...go look at this disclosure which did not come until months later and an 8K was never even filed for it. Reamed hard, I tell you. This is all that I'm posting from my report...we'll just have to wait for the suspension and SEC litigation to get the full story. All in my opinion.