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Such an inaccurate post by LoanRanger
1) revenue
The Company has reported revenue - certainly the Company has disclosed revenue was generated During March 2019. From several sources (orders from E-Commerce, mail order, a large distributor order, and physician order(s)). That is basically verbatim from a recent press release
2) tiny private placement
The Company states in 8-K - during Late February 2019 (when Stock Traded between 6-8 cents) this placement was commenced. Also that the company turned down a lot of money (and really only accepted money from value added investors)
3) Note Repayment and Retirement
LoanRanger states that the Company could have waited 12 months and paid cash + 8% interest. This is hogwash. The Company would also have to pay large pre payment penalty if it waited 12 months. The company tried to pay cash -the approx $78,000 - but as disclosed in 8K), Note holder has CONTRACTUAL RIGHT to covert into Restricted Shares (and exercised that right). It’s actually pretty rare to see that Happen and it’s a relatively small number of shares (approx 1,300,000 that are restricted for a long time)
4) Notes can be far less dilutive that private placements. If the company executes well with the money and share price appreciates
Actually - the financial backing is to support expansion, distribution infrastructure, salesforce, marketing
The company received purchase order well prior to executing distribution agreement
The company has announced its plans to expand to hundreds of distinct NYC retail stores and locations
It’s a big opportunity and it should be supported properly
Hopefully NYC launch and phased roll out(s) proves highly successful
I actually think that's a good idea
But it should be done at a time - when the first phase of roll out (as referenced in a recent PR) is complete
But this suggestion of yours happens to be very intelligent. This way investors and customers can both follow the progress of the Company while simultaneously know where to buy the product in local stores and retail locations
This makes sense - but maybe wait a couple weeks or so, when the roll out has had sufficient time to be completed
This process is not easy. You don't just chuck a retail box on a counter. You sometimes educate the owners of each store and even answer some due diligence questions
This is a methodical and legitimate process.
Yes -- Seth has been here since 2012 (he stuck with it, often against frightful odds)
And stepped up again on July 9, 2015 as CEO (replacing Stella Sung)
On July 23, 2015, the PCAOB Came out with a Censure that led to the delisting of Tauriga
(https://pcaobus.org/Enforcement/Decisions/Documents/Cowan.pdf)
Seth, if I recall correctly, fought hard for 2+ years (July 2015 - November 2017) to force a Plaintiff Settlement exceeding $2,000,000 cash component.
Then Seth spent 2018 evaluating many potential opportunities and the Company's Board of Directors decided on the current business model (Tauri-Gum, Legal CBD Infused Chewing Gum)
The Company is generating revenue and building a brand. And the stock (despite the recent correction, has had a decent 2019).
Why can't there be some recognition for Seth's efforts since July 2015 and some credit given for the fact that thing have improved fundamentally
People can also average down their positions over time. Shareholders could have averaged down at 1.5 - 3 cents during the entire Calendar second half of 2018
What purpose does it serve to ONLY bad mouth a CEO?????
Whether you like Seth or not, he is certainly not the worst micro cap CEO out there. Let's be fair a little
How do you know?
Maybe it got ahead of itself last month. And is re-basing at 10-15 cent level
It seems to me that it was 3 cents in early January . . . And it seems that there has been good progress since then
It’s actually been a successful 2019 thus far. Why not just give a little credit sometimes
The chart is perfectly rational
Tauriga has NEVER been a "pump" and never will be
These are micro caps
They move precipitously in both directions
It was up a lot a few weeks ago and now its corrected steeply
That is the opposite of a pump. It's a normal micro cap stock
Perhaps Seth has some institutional investor who believe in him - and will step into open market during short term sell offs
But it's really unethical to refer to Tauriga as a "pump"
You cannot find one single example to support that erroneous position. ZERO "PUMP" HERE
Kyle Kennedy - deserves all the credit in the world
He persevered for years and years and years
And he deserves success.
I’m not a shareholder but I’m very happy to see Kyle finally achieve some success. He is a good man
Tauriga has responsibly added the Correct and ethical FDA disclaimer language on both the Back-Side of its Tauri-Gum blister pack(s) and on the bottom of the home page of its dedicated E-Commerce site (www.taurigum.com)
The Company adheres to all federal rules and regulations that govern this sector. And if certain changes are deemed necessary on the Federal level (FDA or DOJ), I have no doubt that the Company will be Versatile enough to respond and react in an efficient and effective manner
This is not a risk free world and it is not a risk free company and it is not a risk free investment
Fortunately - Tauriga has not placed all of its “eggs in one basket.”
The Company is somewhat diversified and let’s all hope that Tauri-Gum becomes a huge success and that the many wonderful people (who are shareholders) - are appropriately rewarded!
Once Again - an investment in Tauriga does carry legitimate risks.
GLTA
That makes perfect sense, and in fact makes a company Like Tauriga way more valuable!!!
Why would that be?
If a waiter in a restaurant is literally SCOOPING CBD isolate or oil into food. They are clearly not going to be able to insure adherence with Federal Law. Like measuring 10grams or .3% composition. etc etc
Companies like Tauriga follow the 2018 Farm Bill to the exact letter of the law. And then contract 3rd party laboratories to confirm the Chemistry, Composition, and Microbiology
Tauriga, fortunately, had resources because Seth forced the decent $2,000,000+ 2017 Settlement (which you once posted in early 2017 that someone had told you that Seth concocted the entire lawsuit in a car ride). Im sure you remember that post. That must have been some car ride (it was probably during the car ride to Shangri-La).
And Tauriga spent the requisite money to develop this product correctly (without cutting any corners)
The next step is simple: Let's hope that it sells successfully at a price point that makes the business model successful for the Company
There are no guarantees, of course, of any outcomes here. Or in life in general.
The "Find a Distributor and Hope it Sells" narrative shows a fundamental misunderstanding of Seth Shaw's world class relationships and rolodex (especially with respect to Distribution networks)
These relationships that Seth has built are extremely formidable
While some people claim "Everything that Seth Shaw has done with Tauriga has failed," this is absolutely false (completely BS)
The Company made a huge bet on an Israeli biotech deal many years ago - and it ended very unsuccessfully. Seth does share the blame for that failure (as it wouldn't be right for him not to take responsibility).
Credit to Seth for sticking through this (though thick and thin) and not walking away.
What's different this time?
A number of things (LOTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!)
1. Tauri-Gum product is high quality and the planning/formulation process was extensively researched
2. Seth Shaw is focused on this business (rather than having to focus on a Federal Lawsuit or catching up on 12-15 delinquent quarters in an 8 month period)
3. There is interest in this sector and Seth Shaw was a visionary - he was early and built the product with compelling features. In Short - he did this the right way
4. The Company actually had resources (cash) to work with after the Settlement (for the 1st time since 2012 effectively)
5. Seth Shaw fought for 2+ years for those resources by forcing a very decent Settlement figure (this is where Seth Shaw deserves all the credit in the world - HE FOUND A WAY in 2015,2016,2017)
6. Seth Made a decision in October 2018 to use $115,000 of the Company's balance sheet cash to retire two notes (that were days away from being convertible at under a penny)
Link: https://www.marketwatch.com/press-release/tauriga-sciences-inc-reaches-agreements-to-retire-the-remainder-of-its-outstanding-convertible-debt-2018-10-25
7. That was an outstanding decision and it wasn't an easy decision. But Seth Shaw stood up and protected the shareholders and paved the way for a clean capital structure - now that the business fundamentals are improving, Seth Shaw's decision from October 2018 should be commended by all
8. Positive Karma / Good Karma -- When someone does the right thing (for lack of a better word), always tries to do the right thing, operates with 100% integrity at all times, works hard, and puts the interests of the shareholders squarely ahead of his own (which is exactly how Seth Shaw is as a person), Good Karma tends to come around and reward good people. Of course the opposite is the case as well.
9. Tauriga has a CEO with a lot of natural ability, when he isn't fighting for survival. This point is very important, as it would be unfair to judge a top horse's performance in a major stakes race (if that day, the horse was running with two torn ligaments in two different legs). Now when that horse is fully healed and runs again -- perhaps it's an 8 length winner.
Nobody should be surprised by this success and nobody should think that Seth Shaw is content with a 20 cent stock price (which is only $0.003 pre split equivalence). It's my guess that Seth Shaw won't feel content unless the fundamentals continually improve and the share price reaches levels at which shareholders from the past (even those who didnt average down), recover a good portion of their original investments.
Good Luck to All
In this case, I think that the "failed Consultant" may be quite accurate in his forecast
Time will tell
First of all
The idea that Seth “sat on his hands” and watched the lawsuit from the sidelines and watched the Company catch up on more than 12 delinquent quarters from the sidelines - is pure non sense. Not even worthy of a reply
Secondly - Seth works extremely hard and is finally realizing some positive developments.
Perhaps we should all speak positively about a CEO who exhibits: integrity, hard work, loyalty to shareholders, perseverance, and top notch execution
Clearly Wall Street is beginning to ascribe some credibity to TAUG
Totally!!!!!!! It's the Vanderbilt Mansion
Someone on this board posted that Seth has "made $1,000,000 in salary" over the past 7 years. Of course that includes both cash and stock.
With that kind of massive income (averaging $130,000 per year) . . . if indeed those figures are accurate.
Then Seth should be able to afford the Vanderbilt Mansion. He is clearly the highest Paid CEO in history and he never has laid out his own money into the Company, of course!
Those press releases in 2017 about the $287,500 at 9.4 cents per share, that he personally invested to save the Company. That must have been a hoax. Those press releases must be lies???? right ?????
But back to Seth's gargantuan salary (that literally is off the charts), Seth may have ended up buying both the Vanderbilt Mansion as well as the Rockefeller estate.
The Fulfillment Facility is Not Seth Shaw's house. That I can assure you. And the most important thing is that the Company process its orders in a timely and efficient manner
And hopefully it is doing just that
I don't think you'll have to wait that long
Perhaps the balance sheet may look good March 31, 2019
TAUG currency become more substantial is a massive positive
The Company deserves all the credit in the world ford developing a wonderful product with a lot of potential
Sometimes its just best to admit you were wrong
Groestlcoin was approx $40,000 minor speculative apply
Hardly a "misadventure".
It was 1.8% of the Settlement Amount and the Company lost $10,000 - $15,000
It's such a non issue and a minute thing that there is no reason to turn into something else
WHO CARES
It's not going to bankrupt the Company - sorry to upset you
$287,500 between June - October 2017 (at 9.4 cents per share)
$24,000+ during March 2016 (declined cash reimbursements)
$100,000+ during 2013 (open market purchases)
--------------------
Well over $400,000
Shaw was NOT in any way investing in 2017 in hopes for "a share price spike from Settlement"
The purpose of the 2017 investment(s) at 9.4 cents per share, was to keep the Company afloat and prevent it from being forced to accept a sub-par settlement. Nothing Else
It tied up a lot of Seth's personal liquidity and was done solely for the benefit of the shareholders
As Im sure you are aware, from reading today's press release:
Link: https://finance.yahoo.com/news/tauriga-sciences-inc-officially-launches-120000543.html
" The Company is currently selling both its Tauri-Gum™ individual blister pack ($17.99 per unit) and retail display box ($179.99 per unit); shipping is free for any customer that orders 2 or more individual blister packs. The Company is currently finalizing the Website’s back-end configuration (payment processing capability) and expects to start processing customer orders over the next few days. "
SPECIFICALLY -- " The Company is currently finalizing the Website’s back-end configuration (payment processing capability) and expects to start processing customer orders over the next few days."
I think that the Company showed integrity and transparency (like it always does) and everything happening now is highly positive and constructive!!
Seth Shaw has NEVER pocketed "millions of dollars"
and Seth Shaw is working very hard to build a successful long term business
Hopefully he will be successful and Tauriga's share price can appreciate as the fundamentals improve
Seth Shaw never "sat on his butt"
He spent 2 years keeping the Company afloat, fighting the lawsuit, Investing his own money into the Company, catching up on 15 delinquent quarters, and evaluating long term opportunities for the Company
Its time to stop the slandering; its been time for quite a long time
I’m not sure why the daily fluctuations of VTGN have to be discussed as nauseum on this Board. You are Correct - It was a bad day for VTGN share price
And it did hurt Tauriga’s balance sheet very short term
However, what if next week it closed higher? I’m not saying it will, but do we have to get into this habit of discussing daily fluctuations?
I believe that Tauriga will hold its VTGN (or a large % of it) till data event, which is public info - will occur later this Calendar Year
There are no guarantees of anything. There are risks here for sure - but things also may work out positively
It’s better in life to be fair and balanced - it’s also common decency
my opinion is that Tauriga will (or at least - SHOULD) do whatever it takes to keep that VTGN position till a major data event and possibly longer
That provides the balance sheet upside, that could - theoretically - be the foundation for a future push to uplist to NASDAQ
Obviously, this is a speculative post and we are getting ahead of ourselves
But - there is a major effort being made to build a successful business at Tauriga
and if the VTGN data is excellent later this year (of course there is NO guarantee), but let's speculate for a moment (if it is?????)
Then certain puzzle pieces could come together very nicely
Obviously this post is pure speculation and is speaking about theoretical future events. that may or may not happen
However, every management team reserves the right(s) to set lofty goals - and then work towards achieving them
GLTA
First of all, it costs money to be a fully reporting public company. This is an obvious fact
Secondly, you cannot rush a Company into finding the correct opportunity. That is a recipe for a failure
Thirdly, Seth has invested more than$300,000 of his own money into the Company ($287,500 of which was invested at 9.4 cents per share)
Fourth, the Company may have a solid future and the decisions that are being made (at all times), are aimed at putting the best interests of the shareholders FIRST.
I think the Company is making excellent decisions that enable it to launch a business, stay compliant with SEC Filings, and maintain a protective layer
I think that no matter what decision(s) Seth makes, people on this Board will slander him
TAUG stock price has been a bit better since the manufacturing agreement was announced on Jan 2nd and if the launch is successful, maybe that trend continues
I also feel that all of these experts on how to run a company, that are always bad mouthing TAUG's CEO -- They should all start their own Company and Im sure it will be easy for them.
Tauriga is headed in the right direction and hopefully will be successful long term
This recap is absolutely false on virtually every level
With resect to 2012-2013 events, Shaw did not "bludgeon investors"
Shaw reacted to a bad situation that was unexpected by everyone. There is a huge difference
If someone wants to exclusively blame Shaw for that situation, then that's their prerogative.
This is very untrue
Seth has actually taken much less compensation that he could have (MUCH LESS)
And has repeatedly invested his personal savings to help the Company survive
And accountability?
Why the hell is the Company still alive and in good shape today?
From a purely business standpoint, Seth gave up a huge amount of personal income and earnings potential by sticking with this in 2015 when ANYONE else would have (and probably should have) called it a day
As I've said before, you'd be hard pressed to ever find a CEO who cares more about shareholders' best interests (in word, thought, and deed) than Seth Shaw
Why?
Because there was a failed biotech deal that the company bet its future on - during early 2013
If you want to blame that on Seth - that’s your prerogative (but that would extremely one sided)
Right then and there - this company should have been dead
Next
Stella Sung era followed by malpractice of 2015
The truth is actually that Seth prevented billions of shares of dilution that would normally have occurred
The truth is rarely Told on this board
There is a long history of Form 4s (dating back to 2012) that demonstrates MANY hundreds of thousands of dollars that Seth has personally invested in this company. He has a ton of skin in the game. And he has always taken a very modest salary (unlike others).
He is the reason that this company still has a legit shot at success - he cares deeply about the shareholders
There are no guarantees and no one should expect any CEO to always work for free
Seth Shaw is not playing with OPM
That is obviously a ridiculously false statement
Seth has a ton of skin in the game and cares way more about dilution that anyone else. Period. He does what he thinks is Right and does the best he can
There may some business reasons, who knows -- For Example
1) Tauriga disposes of balance sheet liability item
2) This issuance may provide some wherewithal for Pilus to resume some sort of work (although this is just speculation)
3) Kill 2 birds with 1 stone
It doesn't seem like that big of deal in the scheme of things
Once again outrageous lies being spread about Seth Shaw
These 10,000,000+ shares that are being referenced from 2012 - I would bet that Seth Shaw made a sizable personal investment at that time to help get the Company launched
Perhaps we should pull of the Form 4s from that era
There can be threats against a Company or a CEO on this Board 24/7. That does not mean that these threats are accurate or true
It's all part of this cesspool
When the lawsuit(s) are filed and the Company and or Seth Shaw respond(s), then we can all form an educated opinion on these claims (which are unsubstantiated to say the least)
GLTA
Yes - I do want to bet
There is no pump and spreading rumors like that is not constructive
there is no reason to make false accusations like that. they are baseless and simply inaccurate
There is NO PUMP
There is an upcoming product launch and a CEO who is working hard to make sure the launch is as perfect as possible and the product is of greatest possible quality
It wouldnt be fair to say that "there is a pump," when there IS NO PUMP
Maybe try to research a little before posting
Lightbridge (NASDAQ: LTBR) Chairman -- Ambassador Thomas Graham Jr. (born 1933)
https://en.wikipedia.org/wiki/Thomas_Graham_Jr.
Member of Joint Chiefs of Staff under President Bill Clinton (1993-1997)
Tauirga Sciences Inc. (OTCQB: TAUG) -- Thomas J. Graham (born 1947)
Two completely different people with similar names. both are very good people though. And Yes, Seth does know both of them very well
------------------
But still, that post was making some very serious claims about independence and a little bit of real research would have revealed to you that they are 2 different (distinct) human beings.
I guess time will tell
Perhaps Tauriga has made some intelligent and valid arguments to obtain additional time extension(s)
If Seth Shaw were really "inept" this company would have been bankrupt years ago
You continue to reference this non-sense that Seth Shaw "takes care of himself and is overpaid" or some hogwash like that
Did Seth Shaw personally invest $287,500 into Tauriga last year during 2017), at 10 cents per share????
Or were the filings all fraudalent?
Because the truth and facts are never included in your narrative(s) if they don't add up to the horrific illustration that you are always trying to make about Seth Shaw.
So - is this $287,500 a lie??????????????????????????????????????????????????????????
The bright side is:
Seth Shaw invested $300,000 of his own money into TAUG last year at approx 10 cents per share, which enabled Tauriga to obtain a $2,000,000+ cash Settlement
Seth Shaw has retired virtually all of the Company's debt - AND - has been carefully evaluating potential acquisition opportunities
The Company's balance sheet has done very well and has a chance to be Worth millions of $s in the future (although there can never be any guarantees in life)
The Company is in good shape and may turn out to be quite successful long term - only time will tell
The point of view - that you have subscribed to - that Seth Shaw is 100% to blame for everything in the world and has never done anything right and is always trying to harm the Company for his own gain etc.etc.etc.etc.
is your point of view. It happens to be entirely untrue and bordering on malicious. The truth is quite the opposite. But its a free country - and everyone is entitled to his/her opinions
Johnny C is basically correct
There is a complex formula that incorporates the following.
A. Current price
B. Dollar volume
C. Implied volatility (beta)
D. Time remaining till expiration per warrant
E. Qualitative risk factors (some models uitilize)
—————————
His $1.10 black shoal comment is reasonable. I won’t get into exact numbers here but his figure is not outside of the realm of reason
However - Tauriga takes the most conservative approach to this and values all warrants at 0 - until conversion completed
Even if the stock went to $5, for example, Tauriga would still value at $0 on Balance sheet until conversion completed. So this is all a futile conversation.
Seth Shaw has zero affiliation with Barry HonIg nor has Seth ever had any type of business or personal relationship with HonIg or any of the other individuals involved with HonIg
It’s unfortunate that these posts continue to be made on this board to falsely discredit Seth Shaw
Seth has been friends with Michael Farkas for 15 years and he obtained Board Approval to invest $191,250 of TAUGs money in BLNK placement because of his respect for Farkas and interest in electric vehicle business
TauriGA realized a gain of approx $325,000 on BLNK/W during most recent quarter or FY 19 Q1
Hopefully these baseless false statements about Seth Shaw will cease being written by individuals who have no factual basis to do so
GLTA
There is a significant difference
The Company achieved these results, despite having to also pay 6 months of public company costs
legal, accounting, audit, etc etc
you are well aware of this
the Company had a good quarter last quarter and has built up a nice Warrant portfolio that may prove in the future to have substantial value
I still dont get why you post things that you know are not accurate just so you can present an overly negative picture
its quite wrong to do that