It seems the bulk of the post assumes TAUG is somehow focused on the medical cannabis business, which it is not! The CBD gum adventure is a disaster! Want proof? Take a look at the balance sheet gum product inventory line, then compare it to sales. Rest assured, TAUG is destined to take another significant inventory write down.
CEO Seth Shaw has only sucked in one potentially significant distributor and said distributor has done nothing, other than buy an initial stock of product. TAUG appears to have already acknowledged that $100,000 of the initial stocking order is now bad debt. An educated guess suggests there are additional ugly financial disclosures to come! And how about Shaw's highly touted marketing arrangements, which have simply served to burn cash and delivered nothing to the shareholders! TAUG's product marketing is a joke!
Wouldn't it be a treat to see TAUG's official business plan? CEO Seth Shaw continues to throw crap at a wall, hoping something sticks! More importantly, he continues to be handsomely compensated for delivering one disaster after another! Yep! Ten years of bludgeoning the investors and smiling all the way to his bank.
“Senate Confirms Key VA Official Who Expanded New Jersey’s Medical Marijuana Program And Backs Federal Legalization”
“A federal handbook published by the National Institute of Standards and Technology is getting a new cannabis-focused section with recommendations on potency measurement, packaging, labeling and other issues. It’s the result of a vote at a recent National Conference of Weights and Measures event.
Senate Majority Leader Chuck Schumer’s (D-NY) marijuana legalization bill got two additional cosponsors, but one of them—Sen. Patty Murray (D-WA)—emphasized in her press release about signing on that Congress should still enact cannabis banking legislation as soon as possible.
The Drug Enforcement Administration is being sued again for refusing to allow terminally ill cancer patients to access psilocybin-assisted therapy despite Right to Try laws.
Michigan regulators announced $20 million in marijuana revenue-funded grants to support research on the benefits of medical cannabis for military veterans.
President Joe Biden released a “Safer America Plan” that includes a proposal to eliminate the sentencing disparity between crack and powder cocaine but also pushes to “impose tougher penalties for fentanyl trafficking.”
Former President Donald Trump again suggested that people who sell drugs should receive the death penalty.
Senate Majority Leader Chuck Schumer (D-NY) tweeted, “It’s time to end the federal prohibition of cannabis.”
Sens. Ron Wyden (D-OR) and John Cornyn (R-TX) led a group of 29 other senators in filing a resolution calling on Russia to free American basketball player Brittney Griner, who is being detained for possessing cannabis vapes.
Sen. Rand Paul (R-KY) tweeted, “Unfortunately federal bureaucracy continues to block Schedule I drugs under Right to Try. I’m proud to lead this bipartisan legislation with @SenBooker.”
House Financial Services Committee Chair Maxine waters (D-CA) touted the inclusion of marijuana banking provisions in the National Defense Authorization Act.
Rep. Ed Perlmutter (D-CO) tweeted about Senate Majority Leader Chuck Schumer’s (D-NY) new marijuana legalization bill, saying. “Thank you for your work on this bill and broader cannabis reforms. Look forward to working together to make sure we can enact commonsense cannabis reform this year!”
Rep. Barbara Lee (D-CA) tweeted, “.@SenBooker@SenSchumer @RonWyden took a huge step toward cannabis justice today with #CAOA. Removing cannabis from the list of controlled substances is overdue. It’s time the federal govt caught up with the states, end the war on drugs, & reinvest in communities most impacted. We look forward to working together to finally pass a comprehensive cannabis bill into law.”
Rep. Earl Blumenauer (D-OR) sent a press release praising Senate leadership’s filing a marijuana legalization bill.
The House bill to remove barriers to marijuana research got four new cosponsors for a total of ten.
Illinois Gov. J.B. Pritzker (D) cheered regulators’ issuing 149 new marijuana dispensary licenses to social equity applicants, tweeting, “Illinois is leading the way in addressing the War on Drugs as no state has before, and dispensary ownership that reflects our state’s diversity is a product of that commitment… These licenses represent a significant step toward accountability for the decades of injustice preceding cannabis legalization and we will continue to prioritize equity in this process.”
Kentucky Gov. Andy Beshear (D) tweeted, “Ninety percent of Kentucky adults support medical cannabis and the Team KY Medical Cannabis Advisory Committee will help ensure every voice is heard as I weigh executive action that could provide access for those suffering from chronic pain or our veterans suffering from PTSD.”
Florida Democratic gubernatorial candidate Charlie Crist, currently a congressman, said he wants to legalize marijuana and use the revenue to support teachers and law enforcement.
Hawaii Republican gubernatorial candidate BJ Penn said he supports legalizing marijuana.
Iowa’s attorney general is pushing to legalize fentanyl test strips.
A Minnesota representative authored an op-ed on a new law legalizing THC-infused edibles and drinks.
Montana regulators proposed rules on additional canopy license tiers for marijuana cultivators and authorizing dispensary customer loyalty programs.
Louisiana regulators filed rules on raw medical cannabis products.
Colorado regulators issued an informational notification about corydalis as an ingredient in marijuana products.
Washington State regulators published a policy statement on the transfer of wet cannabis flower from producers to processors.
California regulators said they expect to seize more than $1 billion worth of illegal cannabis products.
Connecticut regulators discussed the future of the medical cannabis program at a meeting.
New York regulators are hosting workshops to help equity businesses prepare to apply for marijuana dispensary licenses.
TAUR’s e-commerce presence and trust in its products puts the company in a unique and positive position in this legalization time frame.
"the price of VTGN dropped in 2019 in similar fashion and rallied 10x over the next two years, .33 to 3.30 in 2021."
Friday's drop was 86% and it was based on a clinical trial failure. So was the May 2019 drop but that was closer to 50%.
Obviously the current failure was deemed more critical to the Company by the market.
This thing took a lot longer to drop 86%. It took since November. But it wasn't event related. It just crapped out...died from lack of interest. This CEO can't even put a filing together. Or maybe he's just afraid to.
Some things change, etc........
The share price increases are currently antagonizing and that can make for a huge spike if that negative energy turns positive for some reason
Some stocks have been trading counter to normal expectations recently on seemingly innocuous or even bad news, a lot of money is moving around the globe due to Russia/Ukraine and parked in what could be classified as ‘interesting gambles’ on zero current positive news and some meager communication like a “notice of late filing”, weed as a current topic of the day helps that same gamble money flow into weed stocks in the near term imo, tough to explain why it is happening but I think it has to do with money fleeing Russia or China investing erratically to deliberately frustrate U.S. day traders who thrive on charts and normalcy, this stock could see a surge because the Chinese Army values that chaos and disruption of the confusion that would cause US markets.
As if 3/31 the company already made back the initial investment and riding on free shares, no way to know till the filing if the unrealized gain was realized prior to the VTGN drop:
“At March 31, 2021
Beginning of Period Cost $ 277,500
Sales Proceeds $ 302,827
Unrealized Gain(Loss)$ 837,300 “
March 31 1.26
July 21 1.07
So assuming the same number of shares the value of the investment was probably somewhere in the $600,000 area and if not sold in time would be worth about $70,000 today, the price of VTGN dropped in 2019 in similar fashion and rallied 10x over the next two years, .33 to 3.30 in 2021.
He needs to sue somebody. Quickly.
Is he really blaming some fictitious changes in the Exchange Act for his failure to file?
"the inherent cost and expense in maintaining our public reporting obligations under the Exchange Act of 1934, as amended,"
Here is the comment included in TAUG's July 14, 2022 Notification of Late Filing:
It appears "The Slug of Wallstreet", CEO Seth Shaw, may have done it again!
Of course the shareholders cannot be sure, because Shaw will be filing the long passed due 10-K, if/when feasible, i.e. when he feels like it, but it seems quite possible that TAUG's single largest balance sheet asset was hammered with multi-hundred thousand dollar losses by the end of trading on July 22, 2022. Yes indeed, VistaGen finished DOWN 86% on Friday. When is Shaw going to admit that he has absolutely demolished the TAUG investors with his idiotic equity investments? Wanna see proof of one man's horrible performance? Check out the Trading Securities section of the most recently filed quarterly report. It begins on Page F-34.
So CEO Seth Shaw is claiming to be building a CBD business, but he is burning through borrowed cash by making braindead securities investments. And he continues to pull down his quite handsome monthly compensation and bonuses! For what??? It has now been going on for 10 years and the TAUG shareholders continue to be bludgeoned! Nicely done Mr. Shaw!
Focus is increasing on the sector
“E-Commerce Website: www.taurigum.com
In other news, the Company is pleased about the recently announced progress, pertaining to potential Federal Legalization Legislation. On March 24, 2022, the U.S. House of Representatives officially scheduled a Floor Vote for “Federal Marijuana Legalization Bill.” This Vote is expected to take place next week (March 28th– April 1st, 2022).
T Aug…ust is soon.
This is way oversold and the float is locked. It won't take much and the chase will be on.
Won't matter to this mess.
Getting it down low enough for the decriminalization in US this week means they buy at lower levels and become rich rather than maintaining it at a high price and losing money on the news imo
Senate bill to decrim this week at Federal level skyrocket opportunity in weed stocks available imo
"The Company is unable to file its annual report on Form 10-K for the period ended March 31, 2022 within the prescribed time period resulting from certain regulatory constraints imposed on companies in our industry, which are creating a significant financial hardship on the Company at this time — that we had reasonably anticipated would have been resolved as of the time of this report, but which remain unresolved. As a result, the inherent cost and expense in maintaining our public reporting obligations under the Exchange Act of 1934, as amended, will prohibit us from completing and obtaining required financial and other information without unreasonable effort and expense in a timely fashion. We currently plan to regain compliance as soon as reasonably possible."
What regulatory constraints? What industry is "our industry"?
Are those the same things that stopped him from filing his Form 4?
the nineteenth letter of the Greek alphabet ( ?, t ), transliterated as ‘t.’.
the nineteenth star in a constellation.
an unstable subatomic particle of the lepton class, with a charge of -1 and a mass roughly 3,500 times that of the electron.
noun: tau lepton; plural noun: tau leptons; noun: tau particle; plural noun: tau particles”
Tau Rig a sciences
Sciences - Astronomy and Physics
Could see a 3500% return soon. Yesterday the images from the new telescope were released to the public. Tau G is Tau 7 or 19 7…. 7-19
Won’t go much lower, RS will happen before trips, gotta stay compliant you know… .01 ;)
Still in the shitter Seth has been raiding the coffers for years !! I guess theres more then just him involved in this raiding , the PPS went from .12 to less then a cent how ?? Operations were supposed to be productive sales were increasing medical research was happening haven’t heard of anything just my share price keeps going down
Sethy boy got paid no doubt, easy double from here though, watch for the volume to come in soon :)
The only thing "big" about TAUG are the weekly paychecks completely inept CEO, Seth Shaw, has been pocketing since September 2012! Yep, 10 years under Shaw's watchful eye and the TAUG investors have been bludgeoned, with Shaw laughing all the way to the bank.
6 month consolidation ending, chance for a big week starts today imo
We’ll see if they take advantage of the opportunity, need to close slightly below 80 on the Williams indicator and then rip higher
No I note gaps on stocks that should therefore decrease and I note when a stock has no gaps and should therefore release news and increase of economic conditions make sense. Taug has an opportunity this week for major gains if anyone wants to look at the 6 month chart.
“7:00a ET 5/13/2022 - Globe Newswire
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Any day now, just when they thought it was done …boom goes the share price.