PILUS ENERGY NOT DEAD? SO PILUS IS "ON HOLD", BUT "WORTHLESS" AS AN ASSET ON TAUG'S BALANCE SHEET! IF THIS IS NOT CORRECT, IT WOULD BE HELPFUL IF THE COMPANY SPOKESPERSON, TJG, WERE TO EXPLAIN WHY THE AUDITORS DETERMINED THAT PILUS HAS NO VALUE, BEING COMPLETELY WRITTEN OFF, BUT IT REMAINS VIABLE! REALLY? HERE'S REALITY...PILUS REPRESENTS OVER $2,000,000 OF SHAREHOLDER MONEY FLUSHED DOWN THE TOILET, THANKS TO SETH SHAW!
TO BE CLEAR...IN MOST INVESTMENT CIRCLES "WORTHLESS" IMPLIES "DEAD"!
APPARENTLY BOARD MEMBER, TJG, MISSED THE MARKETING CLASS THAT DISCUSSED TECHNICAL OBSOLESCENCE AND THE ACCOUNTING CLASS THAT EXPLAINED WORTHLESS ASSETS? OF COURSE THIS ASSUMES THE PILUS TECHNOLOGY MIGHT HAVE ACTUALLY BEEN VIABLE IN FIRST PLACE!
PILUS, A SUPPOSED WONDERFUL TECHNOLOGY, FOR WHICH THE TAUG SHAREHOLDERS HAVE BLOWN OVER $2,000,000, HAS BEEN SITTING IN "NEVER NEVER LAND", COMPLETELY DORMANT, WITH NO POTENTIAL PARTNERS WANTING TO PURSUE THE PROCESS FOR ROUGHLY 2 YEARS! THIS COMPLETE LACK OF OUTSIDE INTEREST SEEMS TO BE PRETTY INSTRUCTIVE!
PILUS IS ANOTHER ONE OF SETH SHAW'S "THROW SOME CRAP AGAINST THE WALL AND HOPE SOMETHING STICKS ADVENTURES"! THIS IS SHAW'S REGULAR MODUS OPERANDI! EXAMPLES ARE MANY! FUNNIEST THING...LIKE ALL THE OTHER FAILURES, THIS ONE DID NOT "STICK"! HOW ABOUT LET'S GO WITH "PILUS IS DEAD"! IF A COMPANY DIRECTOR WANTS TO CLAIM DIFFERENTLY, PERHAPS IT WOULD BE BEST TO SOLICIT AN UPDATE FROM THE AUDITORS AND/OR HIS ADORED BENEFACTOR AND CEO, SETH SHAW!
WHEN ASKING ABOUT PILUS ENERGY, PERHAPS THE DIRECTOR COULD ASK, "WHAT HAPPENED WITH TAUG'S 9% STAKE IN IMUN?" ONE OF THE MORE EGREGIOUS EXAMPLES OF HOW THE COMPANY DEALS WITH VALUELESS ASSETS CAME ABOUT WHEN SOMEONE, LIKELY EITHER SETH SHAW OR STELLA SUNG, SOLD THE "CLAIMED TO BE WORTHLESS" 9% STAKE IN IMUN AND THEN PERSONALLY POCKETED A NICE PILE OF CASH! HMMM....WHAT MIGHT HAPPEN TO PILUS?
