Tauriga Sciences Inc (TAUG)

[rawman]

There's a long list of "Events of Default" which could lead to some expensive penalties including a bump up to a 24% interest rate and/or a 50% conversion discount. A few of of those are:

(n) The aggregate dollar trading volume of the Company’s Common Stock is less than twenty five thousand dollars ($25,000.00) in any 5 consecutive trading days

The daily "aggregate dollar trading volume" seldom touches $25,000! Although not thoroughly reviewing the 8-K, it certainly appears the "Event of Default" will kick-in almost immediately.

Could this be possible? The note experiences an "Event of Default" only 5 DAYS after the proceeds are received by TAUG? If so, one could easily conclude the rest of the Seth Shaw's publicly announced terms and conditions are simply BS "window dressing"!

Bottom-line...it appears the deal is just one more TOXIC CONVERTIBLE NOTE, WITH A 24% INTEREST RATE AND A 50% DISCOUNT ON SHARE CONVERSIONS!