Its in TPAC's own PR. Plus even if the ICO is not registered TPAC still is a SEC reporting company and has to follow ALL SEC rules and regulations. One of them clearly states a company must be cash positive with no debt or liabilities. All funds for a stock buyback must come from excess revenue and not from loans or public offering. An ICO is clearly a public offering.

Not that it matters because the ICO's will never get funded anyway.

Quote:

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Trans-Pacific Aerospace Announces $30 Million Initial Coin Offering ("ICO" Capital Raise Via Private Placement

SAN MARINO, Calif., Feb. 6, 2018 /PRNewswire/ -- Trans-Pacific Aerospace, (OTC: TPAC), announces plans to launch a $30 Million ICO via Private Placement to raise capital for electric bike ("ebike" distribution and sales, stock repurchase and strategic acquisitions. TPAC is utilizing the services of ICO Advisory Services (www.icoadvisoryservices.com) to develop its white paper and to launch its Pre-ICO offering. The digital coins or cryptocurrency will be offered via private placement utilizing a public blockchain platform, which will enable investors to purchase the digital coins in cash. The ICO will be offered as a registered security.

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