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:
Shortly after Tony Thompson‘s letter was disseminated to shareholders, TNP SRT’s independent Board members moved to dissociate themselves from it. In a filing with the regulators, they accused TNP SRT’s advisor, which is controlled by Thompson, of “misleading” the board and acting “not in the best interest” of TNP SRT.
In its regulatory filing, the TNP SRT Board points to ongoing, serious financial difficulties that have caused TNP SRT to, among others, cancel distribution payments to its shareholders.
Securities attorneys Jason Kane and Joe Peiffer have been investigating the TNP offerings and are preparing to seek compensation on behalf of TNP investors. Investors in TNP-sponsored real estate investment programs are encouraged to contact attorneys Rosca or Peiffer for a free case evaluation, at (216) 589-9280.