Tauriga Sciences Inc (fka TAUG)

[diannedawn]

New "investors"...BE AWARE...and BEWARE
https://www.sec.gov/Archives/edgar/data/1142790/000149315217005530/pre14a.htm
This will TRIPLE the AS (2,500,000,000 currently X 3)
"provide that the number of authorized shares of Common Stock of the Company shall be 7,500,000,000"

The "Board" has already APPROVED a 1 for 8 REVERSE SPLIT, which can be enacted AT ANY TIME.
"the Company obtained Board of Director approval for a 1 for 8 reverse split under the condition that its authorized shares would also be reduced by the same ratio."
https://finance.yahoo.com/news/tauriga-sciences-inc-updates-shareholders-124500412.html

So...7.5B/8 would give them 937,500,000...
They have "On April 27, 2017, there were 1,804,172,789 shares of the Company’s Common Stock outstanding and entitled to vote."

1,804,172,789/8 = 225,521,598.625

937,500,000 - 225,521,599 = 711,978,401 left to DILUTE

CURRENTLY they have 695,827,211 Shares left in the kitty...
Great...it looks like a wash...right?

EXCEPT! Don't forget all the SHAREHOLDERS pre-split just got knocked back in the 1 for 8 split.

What BSethy is essentially doing here is negating the "condition that its authorized shares would also be reduced by the same ratio."
TAUG ends up with a few MORE shares to DILUTE...
THE SHAREHOLDERS GET SCREWED!

As usual...

I have to wonder...will they do the split as soon as they get the shares???
Frankly, I said they should of done a split with the AS increase two years ago...
But what do I know...right?

The more you know....
the more you ROTFL