When Seth Shaw originally assumed the position of CEO of Tauriga Sciences, there were approximately 165 MILLION shares Outstanding and the share price was .20. The company had a "claimed" path forward, based upon its licensing agreement with ITL.
Five months after Seth Shaw took over, the ITL deal went "south" and the share price plummeted, reaching .08 at the time of the ticker symbol change to from "IMUN" to "TAUG" on April 9, 2013. Following the ITL "divorce", TAUG, under the direction of Seth Shaw, "negotiated" a deal to distribute bamboo handwipes to the medical community. The deal was done with TAUG's then CFO, Bruce Harmon of GNIN scam fame! Beginning here, it has clearly been demonstrated that SETH SHAW KNOWS NOTHING ABOUT LOGISTICS AND DISTRIBUTION!
Following the GNIN debacle, Seth Shaw then bought into Jason Barkeloo's story about wastewater cleansing bacto-bots. Shaw "dumped" more than $2,000,000 shareholder dollars to acquire Pilus Energy. One month after "closing" the Pilus deal, Seth Shaw resigned as a TAUG officer, but continued collecting a paycheck, as the company's VP of Strategic Development.
Since Seth Shaw was the VP of Strategic Development, one can probably safely assume that Shaw certainly had a hand in TAUG's foray into the Natural Wellness business. Of course, as this Wellness initiative was pursued, it is quite likely that CEO Stella Sung, a PhD Harvard-educated chemist, concluded the Pilus process had no commercial viability! It was going nowhere! Sung de-funded the development and testing. Of course the last Pilus-related "hot topic" was a "bot" process to convert pee to energy, but this one just quietly wandered into the night! Seth Shaw just sat by and watched it all happen! However, Seth Shaw did continue to collect his shares and/or his paycheck!
BTW...during this same time period, Seth Shaw was also employed as the VP of Strategic Development for his "pal" Joshua Kimmel over at BVAP. Of course most know about the BVAP debacle, which Seth Shaw had gone out of his way to wholeheartedly publicly endorse and support! Per Shaw, Kimmel was just about the best business person in history! Seth Shaw sat by, without one word of "alarm", watching BVAP "happen"! As an aside, one could probably assume that Shaw was the party primarily responsible for the JV arrangement, whereby TAUG was to provide CBD oil for Josh Kimmel's eCigs. Of course it never happened!
On July 9, 2015 Seth Shaw retook the TAUG CEO and Chairman's positions. By this time, just less than three years after his initial CEO appointment, the Outstanding Share count had increased by SIX FOLD from 165 MILLION SHARES TO NEARLY ONE BILLION SHARES and TAUG HAD NO ASSETS TO SHOW FOR THIS EXPENDITURE OF HUNDREDS OF MILLIONS OF SHARES! The share price had dropped from .20 to .05. ITL was kaput, GNIN was kaput, Wellness was kaput, and Pilus had been fully written off! Certainly, Seth Shaw played a primary role in distributing the bulk of the 835 MILLION SHARES expended for NO NADA ZERO RETURN TO THE INVESTORS between August 2012 and July 2015! And during this time, the share price had fallen from .20 per share to .05!
At the end of July 2015 the Cowan auditor independence error came to light! Rather than settling with Cowan, Seth Shaw chose to chase the Pot O' Gold by pursuing, thus far, over 2 years' worth of litigation against the former auditor. With a financial settlement, it is possible that TAUG could actually be pursing business initiatives rather than paying attorneys to conduct the day-to-day business of "chasing" Cowan! As of September 15, 2017 the Outstanding share count had further increased to 2,774,132,030 and the share price had dropped to .0005!
Since Seth Shaw was originally appointed to the CEO's position on August 22, 2012, the Outstanding share count has "exploded" from 165 MILLION shares to 2.774 BILLION shares! During this same period, the share price has plummeted from .20 per share to .0005, a 400X DECREASE for the investors! Further, for all of this seeking of the "Pot O' Gold", THERE IS NOT ONE DOLLAR'S WORTH OF TANGIBLE BUSINESS-RELATED ASSETS ON THE BALANCE SHEET!
WITH THE ABOVE IN MIND, ONE MIGHT RIGHTLY DESCRIBE SHAW'S TAUG HISTORY, AS A TIME OF "EGREGIOUS SHAREHOLDER DILUTION!" IMO...SETH SHAW IS A "SERIAL DILUTION MACHINE"! THANK YOU SETH SHAW!
BTW...IS SETH SHAW CONTINUING TO ACCRUE HIS SALARY (which was never detailed in an executive compensation related 8-K, as "promised" on July 9, 2015)? JUST CHECKING, BECAUSE, IF THERE IS A "PAYDAY" FROM THE COWAN AFFAIR, ONE MIGHT SAFELY ASSUME THE COMPENSATION AND ANY EXPENSE ACCRUALS WILL BE PAID IN FULL!
AI
