Tauriga Sciences Inc (fka TAUG)

[rawman]

The following paragraph was copied directly from TAUG's Q2 2018 SEC Form 10-Q, which was filed on November 13, 2017 and posted two days ago.

On January 28, 2014, the Company acquired a patent from Pilus....the shareholders of Pilus received a warrant to purchase 100,000,000 shares of common stock of the Company (TAUG), which reprsented a fair market value of approximately $2,000,000. In addition the Company paid Bacterial Robotics, LLC, formerly the parent company of Pilus, $50,000 on signing the memorandum of understanding and $50,000 at the time of closing. The only asset Pilus had on its balance sheet at the time of the acquisition was A PATENT. The Company determined that the value of the acquisition on January 28, 2014 would be equal to the value of cash paid to Pilus plus the value of the 100,000,000 warrants issued to acquire Pilus...then on March 31, 2014, the Company...determined that the entire amortized balance should be impaired as the necessary funding to further develop the patent was not available at that time.

The following is most interesting when compared to the above. The clause was copied directly from the Fiscal 2017 AUDITIED annual financial report, which was filed over 4 months ago on July 7, 2017.

Re: Bacterial Robotics (Pilus Energy):

At March 31, 2014, the Company determined that it was not going to pursue the market nor invest additional capital to fund the commercialization and accordingly, considered the remaining net value to be impaired....

"The Company determined that it was not going to pursue the market..." just TWO MONTHS after Seth Shaw had acquired Pilus Energy for stock and cash valued at over $2,000,000.

YES IT WAS "OVER", ONLY TWO MONTHS AFTER THE PILUS DEAL WAS DONE, BECAUSE IT WAS NEVER GOING TO WORK!

Seth Shaw threw away more than two million bucks, because he did not bother to do the necessary scientific DUE DILIGENCE!

AND THE RATIONALE ("STORY"!) CHANGED IN A MERE 4 MONTHS DURING 2017! ANY CHANCE THE SUBTLE CHANGE MAY HAVE BEEN DRIVEN HOPING FOR A BETTER OUTCOME FROM THE COWAN LITIGATION?

Making the whole situation even more egregious, was the fact that both Stella Sung and Seth Shaw continued ACTING as if nothing had happened well into mid-2015, when Seth Shaw was once again anointed TAUG's CEO! Simply put...TAUG was NOT being truthful to the investors and potential investors!

NONE OF THIS WAS EVER TIMELY COMMUNICATED TO THE INVESTORS IN ANY FORM OR FASHION THAT MIGHT EVEN COME CLOSE TO SUGGESTING TRANSPARENCY! HOW MANY INVESTORS STAYED THE COURSE THINKING TAUG WAS ACTUALLY PURSUING A COMMERCIAL PILUS ENERGY PROCESS?