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Re: gotw post# 43160

Sunday, 12/17/2017 5:08:33 PM

Sunday, December 17, 2017 5:08:33 PM

Post# of 54032

I also think it's odd that them sharing profits (50/50) according to the release and then your statement:


It is apparent that the poster does not have a complete understanding of the contract term "NON-EXCLUSIVE"!

ICE+JAM is the product supplier. When ICE+JAM supplies the lip goop to TAUG and TAUG sells the product through TAUG's own distribution, then TAUG and ICE+JAM will equally share ANY PROFITS, if in fact there are any profits from the lip goop sales. It is unclear whether TAUG will have any revenue participation. Will TAUG show anything on the "Sales" line of its Income Statement? To my knowledge the investors do not know!

If TAUG is not a part of the distribution channel, such as the ICE+JAM website, TAUG gets NOTHING! If ICE+JAM does a distribution deal with Walmart, TAUG gets NOTHING! If ICE+JAM sells the lip goop on Amazon, TAUG gets NOTHING!

Get it? TAUG signed a NON-EXCLUSIVE license to distribute the lip goop! Other than supplying the product, ICE+JAM has no other obligation to Tauriga Sciences! ICE+JAM is in fact TAUG's distribution competitor! The poster just purchased the lip goop from ICE+JAM, meaning TAUG receives no zero nada none financial benefit!

BTW...NON-EXCLUSIVE agreements are basically only slightly above no agreement at all! Rest assured, no large retailer will purchase via a "middleman", such as TAUG, as this would add additional cost to the product's wholesale price! TAUG serves no legitimate purpose in the supply chain! Big retailers, if there ever are any, will always deal directly with ICE+JAM!
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