May 14, 2013 Thompson National Properties-sponsored TNP Strategic Retail Trust (“TNP SRT”) has filed a Notice today with the Securities and Exchange Commission, stating that it is unable to timely file form 10-Q. The federal securities laws require companies such as TNP SRT to disclose information to their shareholders on an ongoing basis.  Form 10-Q… Read more »

April 30, 2013 In a report recently filed with the Securities and Exchange Commission, TNP Strategic Retail Trust disclosed that it has raised “substantially less than 50%” of the maximum amount it sought to raise in its initial public offering.  It also disclosed several events of default in connection with its own financial obligations and… Read more »

April 24, 2013 Last week, TNP Strategic Retail Trust’s Board fired the Company’s auditor, due to its apparent failure to report two important events to the Securities and Exchange Commission. In a filing with the SEC, TNP SRT’s Board disclosed that, during the quarter ended June 2012, TNP SRT’s auditor identified “significant deficiencies” in the… Read more »

Tony Thompson’s letter to the TNP Strategic Retail Trust shareholders, which the TNP SRT’s independent Board mebmers subsequently said was inaccurate, may be accessed here: Tony Thompson letter to TNP Strategic Retail Trust shareholders – part 1. Tony Thompson letter to TNP Strategic Retail Trust shareholders – part 2. Shortly after Tony Thompson‘s letter was… Read more »

TNP Strategic Retail Trust’s board (“TNP SRT”) has accused Tony Thompson, TNP’s founder and TNP SRT’s co-Chief Executive Officer, of issuing an inaccurate, unapproved letter to shareholders, in a disclosure filed with the Securities and Exchange Commission on April 8, 2013. In the same disclosure, TNP SRT’s board accused its advisory firm, TNP Strategic Retail… Read more »

TNP Strategic Retail Trust Inc. has cancelled its dividend for the first quarter of 2013 and announced that it may not be able to resume dividend payments for the remainder of 2013. Documents filed with the securities regulators and reviewed by securities attorneys Alan Rosca and Joe Peiffer suggest that TNP Strategic Retail Trust’s cash problems could… Read more »

Tony Thompson’s TNP-sponsored real estate investment programs TNP 12%, TNP 2008 Participating Notes, and TNP Strategic Retail Trust have been plagued by cash problems, according to media reports.  Regulatory records reviewed by securities attorneys Alan Rosca and Joe Peiffer show that Mr. Thompson and a securities broker-dealer firm he controls, TNP Securities, have been recently… Read more »