Complete a legal analysis of the given facts, including the following elements. Specifically, the following critical elements must be addressed:
I. Evaluate three current or potential legal and/or regulatory issues apparent in this fact pattern that might impact a public offering.
II. Determine whether Fred’s Miracle Cough Syrup is in compliance with government regulations involving public offerings by analyzing relevant laws and
using the appropriate legal test and facts given.
III. Support your conclusions and provide recommendations to improve compliance and strategies for corporate growth.