Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for your continued vigilance.
These frauds need to be publicized in the same venue that offered people the opportunity to talk them up, especially since the responsible parties (in this case CEO Seth Shaw) are typically serial offenders.
Shaw issued a PR announcing his purchase of a large number of shares months after he stopped issuing SEC filings for the Company and never filed a Form 4 reporting his own purported purchase, so we don't know if he really made that purchase or if he still holds the shares.
If the SEC was as vigilant as you are people like Shaw might find it a littler more difficult to repeatedly take advantage of uninformed investors.
MAN WAS I NAIVE. LOL 6 years ago. Seth, get a real job.
TAUG: SEC Admin. Proceeding for severely delinquent Financials: (Dec. 2021)
https://www.sec.gov/files/litigation/admin/2023/34-98461.pdf
Rawman your absolutely right !!!!!
Oh my! TAUG now has a current TOTAL Market Cap of $3489. It would seem the Company has no assets. Let me see if I got this right! Slime Ball, CEO Seth Shaw, collected a handsome monthly paycheck every single month for over 10 years by way of the benevolent TAUG investors and never once delivered even the slightest return to these same investors. The list of Seth Shaw business failures borders on incomprehensible! And he remained the TAUG CEO! Shaw personally walked with in excess of $1.5 million in various forms of compensation, but his very naive "believers" got crushed, while Sethie was living the high life, including purported "business trips" to various parts of the U.S. and Europe. Can you say "immoral unethical scam artist!" Shaw's good buddy Keith Berman of DECN fame is heading to jail. Hmmm...should Shaw be joining him?
Sadly, the stock stopped trading and not a word from Seth regarding what happened. How can the SEC allow such a fraud to happen? I understand completely that a penny stock is a huge gamble, but we at least deserve a detailed explanation why our investments and trust in him has failed and an explanation has been NIL!
Deader than a doornail, but conman Seth Shaw probably continues to pocket his compensation!!! Samo, samo! Despite no business, Shaw has personally been banking a substantial pile of shareholders' funds for over 10 years! Actually, TAUG's "independent" Directors should be sued for ignoring their fiduciary obligation to TAUG's investors!
Dead as a door nail.......
"I see they aren’t even reporting anymore. "
Just late is all :o)
$.0001....nowhere to go but up!
So true. But some of us tried to tell people… oh well. LOL
Is little Tommy G still on the ‘board of directors’?
I looked back over the news and got a big laugh out of the PR about attaining 9000 e commerce orders…
Then it took a couple months to get another 1000 orders so they could issue another PR about having passed 10,000. Booming biz! LMAO
Thank goodness TAUG had their investment in VTGN, right?
Oh… wait…
Funny how their ‘consultant’ was claiming VTGN would go to $9 after the trials… Oopps!!!
Sometimes I miss this, but mostly NOT.
I am glad that you and Loan are still around to be a thorn in Seth Shaw’s side.
Shameful what he has done.
I see they aren’t even reporting anymore.
That’s pathetic.
They're still neck and neck for the crappiest companies in the OTC:
TAUG $.0002
DECN $.0002
Looks like it is at 0.00 a share
Whats going on with this garbage management has really screwed everyone over !!!! Can’t believe this is sitting at a half a cent , Seth you really did a number on shareholder …
It is now over 3 months, since the laughable CEO Seth Shaw announced personally acquiring 1,500,000 TAUG shares, but still no SEC Form 4 filing. What is this clown trying to pull? Shaw publicly committed to filing the Form 4 the week of the stock purchases, which reportedly took place during the period May 5 - May 9, 2022.
New York, NY -- May 9, 2022 -- InvestorsHub NewsWire -- Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a New York based diversified Life Sciences and Pharmaceutical Development Company, today announced that its Chief Executive Officer, Seth M. Shaw, completed an insider purchase for 1,500,000 shares of Tauriga Sciences Inc. common stock (quoted on the OTCQB - symbol: “TAUG”). This Insider Purchase was completed between the dates of May 5-9, 2022 and a corresponding Form 4 will be filed this week.
Ah yes! The investors have gotta love it. CEO Seth Shaw has now stiffed the shareholders for two quarters in a row. Shaw has chosen to ignore a CEO's fiduciary obligation to regularly apprise the Company's owners, the shareholders, as to the financial condition of the Corporation.
The 2022 Annual Report is long past due, but now the Q1 2023 report is nowhere to be found. Of course Shaw blamed these failures to report on the complexity of the regulatory environment. This flimsy excuse is most interesting, given little has actually changed since TAUG's quarterly reports for Fiscal 2020 and 2021 were filed, as required by the SEC. Yes indeed, it is complete BS!
No one, aside from the insiders (and most likely Shaw's lender buddies) have the foggiest idea regarding TAUG's financial health. Here's a thought! TAUG is so deeply in the toilet, Shaw cannot scrounge up enough cash to pay accountants and auditors to produce the quarterly reports.
How many shares of the financially crushed Vistagen (VTGN) is TAUG still holding? Oops....nobody knows, because the investors have not seen a TAUG Balance Sheet since the quarter ended December 31, 2021. The VTGN shares lost nearly 90% of their value in one day a few weeks ago. If TAUG was still holding the VTGN shares, it was a multi-hundred thousand dollar hit to the Company's Asset line.
Financial guru Seth Shaw is joke! The amount of investor funds that Shaw has trashed chasing hugely speculative "opportunities" has been obscene. Shaw views himself as a financial wizard; however, as a consequence of his oft proven lack of acumen and thorough due diligence, the TAUG investors have gotten creamed by idiotic business decisions for the last 10 years! Seth Shaw has pocketed roughly $2 million in compensation, while the shareholders have been treated to watching Rome burning on a daily basis!
I've only seen an amended lateness notification once before and the end followed shortly thereafter....there were no further shareholder communications.
Maybe the consultant knows something. He's still active, just not here. Wallpapering with warrants maybe.
Amen!
Put the wishful thinking on hold, step back a bit and have a good look at this thing. It's total crap.
Ok I’ll do that
A Form 4 filing is required IF he actually bought 1.5 million shares. The only possibilities are:
1. He didn't and the press release is fraudulent.
2. He did and his failure to file the Form 4 is evidence of his crookedness and/or incompetence.
The stock price has fallen 96% since January of last year in spite of plenty of news.
Put the wishful thinking on hold, step back a bit and have a good look at this thing. It's total crap.
Not sure, the stock price will fall with zero news
Per the TAUG PR and your post: "Chief Executive Officer, Seth M. Shaw, completed an insider purchase for 1,500,000 shares of Tauriga Sciences Inc. common stock (quoted on the OTCQB - symbol: “TAUG”). This Insider Purchase was completed between the dates of May 5-9, 2022 and a corresponding Form 4 will be filed this week. "
The market price during that period ranged from $.009-.02. The prices he actually paid aren't known because HE NEVER FILED THE REQUIRED FORM 4. WHY?
Is he crooked, incompetent or both?
A thoughtful, fact-derived response. Thanks!
Is TAUG shipping CBD-laced chewing gum from its e-commerce site in violation the Federal law, i.e. selling ingestible CBD? Best guess, I think not. So what is the business development issue? Again best guess, few know about the product and/or its value proposition! Welcome to Marketing 101, i.e. visibility and demand creation. Check out the marketing gurus/consultants Shaw has engaged, then check out how much money Shaw has spent on these folks! Good marketers are not bought for pennies! If Shaw's salary instead went to marketing, TAUG might actually be making some headway!
Can TAUG survive another year under the CEO Seth Shaw's reign? Not only is TAUG hugely under-funded, but Shaw obviously doesn't know jack about basic marketing and new product due diligence, plus the regulatory entanglement in Washington D.C. isn't going to improve anytime soon.
IMO, your response nailed it! Contrary to the oft stated opinion on this TAUG Board, there will be no Federal cannabis legislation in the foreseeable future. And surprise, surprise...CEO Seth Shaw will continue pocketing his gross over-compensation on the backs of the TAUG investors! Samo, samo...just like it has been for the last decade!
“If the product is for sale on Amazon or like sites, it is assumed the product is legal.”
Not with drugs imo, the vast majority of the public will refrain from shipping CBD/weed related products until legalization.
The hemp/CBD industry is in limbo until the Feds clear a path to allow retail sales of ingestible CBD products; topicals are allowed but that is not how people need to use CBD on a regular basis. The industry is a year away from potentially major growth. However, the caveat is that Congress will need to be the body that does the heavy lifting, and we all know the certainty of that happening, maybe 50/50(?).
Just this week, work started to make hemp/CBD a major component of the 2023 Farm Bill. The 2018 Farm Bill opened the door a crack, but FDA proceeded to close the door with their dithering. Hopefully Congress can work around FDA to get CBD "legalized" (emphasis on hopefully).
https://www.ny1.com/nyc/all-boroughs/politics/2022/08/01/-congressional-conversation-underway-to-regulate-hemp
And imo it’s time to start reinvesting any money he collected monthly back into the company
The consumers are the buyers who want clarity and trust in a regulated industry.
And imo it’s time to start reinvesting any money he collected monthly back into the company, the trend is towards legalization.
The more States that legalize the more chance at federal legalization same as same sex marriage, the consumer is confused about the legality of the industry in general, CBD weed and hemp etc, and their relation to State lines currently, even if you aren’t. The consumers are the buyers who want clarity and trust in a regulated industry.
I just noticed TAUG's 52-week high is .07. Today the shares are trading at 1/10 of the 52-week high, i.e. .007. Needless to say, investors are far less than enamored with CEO Seth Shaw and his laughable operation, as the share price has plummeted by 90% in just the last year. How 'bout that ineptly marketed CBD-laced chewing gum?
Does Shaw EVER do any due diligence and/or actual market research? Of course the one thing CEO Seth Shaw does do is never misses a monthly paycheck. It's been going on for 10 years! Shaw has pocketed well over $1.5 million, while the TAUG shareholders have gotten slaughtered by Shaw's whims of fantasy.
What does State-regulated marijuana have to do with TAUG and it's legal NON-MARIJUANA chewing gum???? 19 States, including California, the most populace State in the nation, plus Washington D.C., have already legalized recreational MJ, but even this has done little or nothing to support TAUG's CBD chewing gum business. So how will more State marijuana ballot initiatives in 2022 have any impact on Tauriga Sciences? I believe the referenced poster has already answered the question in previous posts. It will have no impact....right?
There is value to buy Taug because the price of Taug might be lower than any manufacturer’s price....
“Marijuana-Related Ballot Initiatives and Referenda:
POSTED ON JULY 29, 2022
Voters in several states will decide on marijuana-related ballot measures in November. Here is an update of where these efforts currently stand.
Arkansas
The group Responsible Growth Arkansas, led by former Arkansas Democratic House minority leader Eddie Armstrong, submitted more than double the signatures needed to qualify for the November ballot. On Friday, July 29, state officials verified that proponents had collected sufficient signatures. Now the state Board of Election Commissioners must approve the name and ballot title of the measure — at which time it will be certified for inclusion on the November ballot.
The proposed constitutional amendment allows adults 21 and older to purchase and possess up to an ounce of cannabis. Home cultivation would not be permitted, and the measure does not contain provisions to expunge past records or to provide for opportunities for social equity applicants.
Maryland
Lawmakers have approved a proposed Constitutional Amendment, House Bill 1, which asks voters: “Do you favor the legalization of adult–use cannabis in the State of Maryland?” State lawmakers also approved complementary legislation, HB 837, which defines marijuana possession limits and facilitates the automatic review and expungement of past criminal records.
If approved by voters, the referendum will take effect on July 1, 2023. At that time, adults will be legally permitted to possess up to 1.5 ounces of cannabis and/or 12 grams of cannabis concentrates. Possessing amounts between 1.5 ounces and 2.5 ounces would be subject to civil fines, while the possession of greater quantities would be subject to existing criminal penalties.
Lawmakers would still need to enact additional legislation next session to establish rules and regulations governing a legally regulated cannabis marketplace.
Missouri
A citizens’ initiative sponsored by the group Legal Missouri 2022 seeks to allow those 21 years and older to possess, purchase, consume, and cultivate marijuana while allowing those with nonviolent marijuana-related offenses to automatically have their criminal records expunged.
In May, representatives announced that they submitted more than 385,000 signatures on Sunday. That is more than double the total (171,592) necessary to place the proposed constitutional amendment on the ballot. However, because the proposed measure is a constitutional amendment, advocates are required to obtain a set percentage of signatures (eight percent) from six of the state’s eight congressional districts. Officials on Tuesday said that their initial counts only verified a sufficient number of signatures from the 1st, 2nd, 3rd and 5th districts.
In response, Dan Viets, Chair of the Legal Missouri 2022 Advisory Board and Executive Director for Missouri NORML, said, “We are in the process of working with the MO Secretary of State to show why local county clerks have undercounted valid signatures. We will have the appropriate number of validated signatures by the August 9th deadline.”
Nebraska
Nebraskans for Medical Marijuana (NMM) have submitted signatures supporting two separate measures for the 2022 ballot: 1.) The Medical Cannabis Patient Protection Act, which protects patients with serious health conditions and their caregivers from arrest, and 2.) The Medical Cannabis Commission Act, which regulates private businesses to provide medical cannabis to qualified patients.
In 2020, activists met the state’s signature requirement, but nonetheless had their measure struck from the ballot after the Nebraska Supreme Court issued an opinion finding that the initiative’s language violated the state’s single subject rule requirement. That is why this year’s effort is divided into two separate measures.
NMM turned in over 90,000 signatures for each of the medical cannabis legalization measures — just above the roughly 87,000 necessary to qualify them for the November ballot. In addition to the campaign’s slim margin, activists are also involved in a legal fight over the state’s ballot access laws.
North Dakota
Representatives from the group New Approach North Dakota have turned in 25,762 signatures to the Secretary of State’s office. That total is roughly 10,000 signatures above the number of signatures necessary (15,582) to qualify it for the 2022 ballot. Those signatures await verification from state officials.
The proposed measure would legalize the possession of one ounce of cannabis, up to four grams of cannabis concentrate, and up to 500 milligrams of cannabis in an infused product; and the cultivation of up to three cannabis plants. Historically, North Dakota has long had one of the highest marijuana arrests rates in the nation, despite having among the lowest reported marijuana use of any state.
Ohio
Advocates with the Coalition to Regulate Marijuana Like Alcohol have agreed to a settlement that will postpone any opportunity for voters to decide on a citizens’ initiated marijuana measure until November 2023. During the interim, NORML Appalachia of Ohio is working with local partners to target municipalities across the state for local measures to eliminate criminal and civil penalties for marijuana possession. In past years, numerous cities throughout the state have approved local measures depenalizing marijuana-related activities.
Oklahoma
Representatives from the New Approach PAC recently turned in over 164,000 signatures to the Secretary of State’s Office in an effort to place a binding, statewide marijuana legalization initiative (State Question 820) on the November ballot. That total is well above the number of signatures necessary (94,911) to qualify for the 2022 ballot.
SQ 820 allows adults 21 and older to purchase and possess up to one ounce of cannabis and grow up to six mature plants and six seedlings for personal use. The measure also provides pathways for the resentencing and/or expunging of criminal records. Because SQ 820 does not alter the Oklahoma Constitution, fewer signatures are needed to place the measure on the November ballot.
Earlier this year, Republican Gov. Kevin Stitt claimed that voters were misled when they approved medical cannabis legalization. In June, he signed legislation into law (House Bill 3208) imposing a moratorium on the issuance of any new cannabis business licenses. While campaigning for Governor, Stitt said that he personally opposed legalizing marijuana for adults and that he would campaign against it, but he also acknowledged that he would respect the will of the voters should they decide in favor of it.
South Dakota
For the second consecutive election, voters in South Dakota will decide on a ballot measure to legalize marijuana use by those age 21 or older. In May, the Secretary of State’s office confirmed that advocates had secured the necessary number of signatures to place Initiated Measure 27 on the November ballot. It permits adults to possess (up to one ounce), home-cultivate (up to three mature plants), and/or transfer without remuneration limited quantities of cannabis. The measure does not seek to establish a regulatory framework governing the licensed production and retail sale of marijuana.
Advocates limited the scope of the measure after a previous, more comprehensive measure that had been approved by voters in 2020 was struck down by the state Supreme Court.
Texas
The only way to change marijuana laws statewide in Texas is through the legislature, which meets every two years for approximately 140 days. However, localities have discretion for implementing first chance and/or diversion programs and more. For cities that are “home rule cities”, they can also pass any regulations or laws that it deems necessary unless the state law prohibits it.
Ground Game Texas is working in several home rule cities across Texas to depenalize personal cannabis possession. Recently, voters in the city of Austin, Texas overwhelmingly approved a local ballot measure, Proposition A, depenalizing marijuana possession and prohibiting police from executing ‘no knock’ warrants.
Similar efforts in the city of Elgin (pop. 10,231), Denton (pop. 139,734), San Marcos (pop. 64,053), and Killeen (pop. 148,573) have qualified for the November ballot. Harker Heights (pop. 31,657) area activists have also submitted their signatures for verification with the hopes of being on the November ballot. Learn about volunteer opportunities.”
https://norml.org/blog/2022/07/29/marijuana-related-ballot-initiatives-and-referenda-july-29th-2022-update/
There is value to buy Taug because the price of Taug might be lower than any manufacturer’s price, especially if distribution deals currently in place could be strengthened which they likely would be if a bigger company bought Taug, the new and increased funding would promise the manufacturer more manufacturing which allows the manufacturer to stay more independent as well. This is why some firms might buy a small company in the US before they bought its factories in China, it might take longer all things being equal and all things are not equal across the financial and legal boundaries of States and countries. Any company in general that has an e-commerce business in place has value to bigger companies that see opportunity to ramp it up, same with companies that are revenue effective but in too much debt.
They can provide the public with billions in advertising the public won’t believe it until the media reports it is legal.
I find the following comment interesting in light of the earlier claims and the Senate Appropriations Committee Report.
You know that, but the general public doesn’t. The general public are the consumers.
Advocates hoped that the Senate would insert language in the base bill that would provide broad protections for all state and U.S. territory cannabis programs, but as introduced, the legislation only maintains a longstanding rider preventing the use of Justice Department funds to interfere in medical cannabis programs.
Contrary to the claim in the post, TAUG does not have chewing gum. Tauriga Sciences has a contract with a chewing gum manufacturer to distribute TAUG's versions of the chewing gum. TAUG is basically a distributor, i.e. a middleman.
The chewing gum manufacturer HAS the IP associated with its chewing gum, not Tauriga Sciences. Re: TAUG, there is little of value for a bigger more financially sound company to buy! Want proof? Check-out TAUG's balance sheet.
“is already very legal and can be sold via interstate commerce.”
You know that, but the general public doesn’t. The general public are the consumers.
“Just wait until there is chewing gum, coming from the big, well financed players, which is laced with CBD and THC or just THC!!!”
Have a big player buy this company then for .03 cents a share, it already has chewing gum and sales. Oh, maybe that is why the annual report wasn’t filed on time because Taug is in the process of being sold to a bigger company and there is a NDA. If there is a sense in the industry that Congress can’t get their job done then sell the company, and buy millions of shares in advance of that sales process which is exactly what occurred this year as per the PR and could occur soon again.
Per the posted Appropriations Committee report, there is nothing in the proposed bill that even comes close to legalizing the general use of cannabis. Plus, there is little doubt a final bill is months away. Passage certainly will not happen before the August recess.
Advocates hoped that the Senate would insert language in the base bill that would provide broad protections for all state and U.S. territory cannabis programs, but as introduced, the legislation only maintains a longstanding rider preventing the use of Justice Department funds to interfere in medical cannabis programs.