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Wait watch and learn. Soon Shaw will demonstrate again, how little regard he has for TAUG shareholders.
Ever More Dilution: No Assets, No Income, No products, No Hope.
It doesn't matter why the Board did it, they did it. Seth now has the power to do a reverse split any time he wants to without permission of the Board. It's been pre authorized.
Yep, The Board Told Seth: Fire At Will
The PR said the Board Approved an 8 for 1 negative split. There is nothing in the PR about over-riding or retracting that reverse split. It is now fully up to Seth to decide if and when to do it, hence: Fire At Will.
No Mention That The TAUG Board Just Approved ...
an 8 to 1 NEGATIVE SPLIT.
As CEO, Seth now has the unilateral authority to execute that split at ANY time.
Whoops !!!
With no assets and no income it sounds like more TAUG dilution is imminent. Why approve the split otherwise? I for-see Billions and Billions of TAUG shares.
I'm sure glad I haven't sold any of my DECN shares to "invest" in the "mighty" (cough cough) TAUG.
Year-end tax selling season is upon us. IMO, the share price of sub-penny TAUG the turd is about to collapse.
Thanks for the chuckles.
Edible hemp seeds: "$6 for a 2-ounce packet at happy-hemp.com"
More economical: "Various hemp seeds cost about $7 for a 4-ounce packet at hippiebutter.com".
It's magic: “In 1995, I was unhealthy and unhappy. Then, a friend introduced me to hemp foods. … Before long, I had enough natural energy to climb a mountain.”
Do these taste like rope waffles?: "Amazon.com sells nearly 250 different hemp foods—including products like hemp waffles."
"It's 6 a.m. and my head is splitting from the roar of David Bronner's Vitamix blender pulverizing frozen berries and hemp milk. The 40-year-old CEO of Dr. Bronner's Magic Soaps—who looks like a raver version of Captain Jack Sparrow—kept me up past midnight drinking beers, smoking spliffs, and listening to Deltron 3030 and Gorillaz as he regaled me with stories about LSD trips in Burning Man's Sanctuary tent and his early days as a squatter and club kid in Amsterdam. Shivering out from under the Mexican blanket in his guest bedroom, I dimly recall the two of us dancing in his backyard and expounding upon the hugeness of the universe. "You've got to come to our board meeting tomorrow morning," Bronner told me at some point between the vegan tapas and my fifth Amstel Light."
With that last quote, I'm tired and going to bed.
"We're going to uplist but we can't unless we reverse split, we're not going to reverse split so we won't uplist..."
I agree, that is pretty funny when you remove all the fluff from the PR.
But I'm a skeptic and I also see a PR that effectively says: we authorized a 1 for 8 reverse split and aren't going to execute it, but Seth now has the unilateral authority to do it any time he wants to.
Whoops!
"I don't remember anything in the ruling indicating that the Schedule 1 designation was contingent on how the product was used. And I don't remember the Schedule 1 Designation being based on any kind of claim, medical or otherwise."
Neither do I.
"I got the idea that a product sold for use on or in a human that has CBD oil in it would be considered to include a Schedule 1 drug."
I don't remember anything about "sold for use on or in human". If my memory is correct, it would appear that on Jan 13, I will have about 2 pounds of a Schedule 1 drugs in my garage. It's labeled Hemp Twine.
All we've seen is the DEA side of things, which has been sent to both Houses of Congress for review. The FDA also has jurisdiction (albeit gimped) over some products which include CBD. I expect some sort of compromise will be required before the final clarification is actually enforced. So for a minimum of a few months to as much as a year, chaos will probably reign. Ultimately, I expect that hemp based products with over 0.2% THC will fall under the DEA's jurisdiction, and anything under will be regulated by the FDA. The FDA will probably regulate CBD rubs and lotions similar to the way it does homeopathic ones.
It doesn't sound to me to be a very attractive time to enter the market with a new CBD product.
Hopefully, my hemp twine has less than 0.2% THC and the FDA will decide that it doesn't want to regulate rope. I've decided to shoulder the risk of harboring 2 lbs of Schedule 1 drugs in my garage until our government rescues me with clearer regulations.
Reverse Splits Are Nothing To Be Alarmed About
I've heard that this will enable TAUG's strategic plan, which will dramatically strengthen its foundation. It will help to accelerate work on key business fundamentals and equip it with the tools it needs to establish a firm base in the market. There are even rumors that TAUG may have an actual product some day. Few details yet, let alone revenue projections, but eventually TAUG will probably inform its shareholder what the plan is.
Since TAUG currently has no assets or income, of course this will be funded by issuing more shares and thus diluting existing share value. Fortunately Seth has extensive experience in this type of financing and I'm sure he will be successful.
The mighty TAUG keeps chugging and diluting. Go TAUG !
Clarification about CBD product availability in the UK
Manufacturers and distributors of CBD based products have been told, by the Medicine products Regulatory Agency (MHRA), to stop selling their products in the UK.
The UK's MHRA changed its CBD rules on 2016-10-04. Here's an interesting article that has more information:
http://volteface.me/cbd-ban-industry-responds/
Amazon Searches Are A Poor Indicator For CBD Sales
I suggested, in an earlier post today, that an Amazon search on cbd oil would be a better sales indicator for TAUG than monitoring Dr. Bronners hemp oil soap. I still think that is the case, but after scanning the results, it's not good enough to be useful.
It appears to me that most of the CDB offerings on Amazon are for oral consumption. They are marketed like salad oils or flavorings. Almost all of these mention generic things like natural, healthy etc, but almost none claim medicinal properties. These will probably remain Amazon offerings as they appear to be covered by the Dietary Supplement Health and Education Act of 1994. IMO, this act does not exempt products applied to the skin from the new DEA clarification.
So although the idea of a simple Amazon search as a metric seemed great, in practice, I wasn't able to craft one that did what I wanted. The best I was able to do was to search on: muscle+cbd+oil
But even that returned 86 results, of which about half appeared not applicable (e.g. sensual massage oils, electric massage devices, copper bracelets). Of those that seemed to cover a similar segment to what TAUG wants to target, the composition of the products varied wildly. One relatively popular product by Vita Scents (many different scent types) was a 4 oz jar than contained less than 1 gram of hemp oil. In other words, almost none. Other stuff cost over $37.95 for 1 oz, or you could buy 32 oz of Organic 100% Pure Natural Cold Pressed Unrefined Extra Virgin Hemp Oil for $24.99 ($0.78 / fluid oz).
My bottom line opinion, after scanning many product descriptions and reviews on Amazon, for about 30 minutes is:
This is a tiny, fringe market that reminds me of homeopathic remedies. As a muscle relaxant, the hemp oil component appears to be the modern equivalent of snake oil.
World-wide availability and legality of buying CBD
Contrary to many other posts, it appears that CBD sales to consumers are regulated (e.g. a prescription required) or illegal in many countries outside of the US.
IMO, here's a some good information on the subject. I'd classify it as a good find.
The google search I used was: is cbd oil regulated in germany
http://www.endocafoundation.org/is-cbd-legal/
TAUG doesn't have a product
We can discuss this type of thing when they actually have one.
"You would be VERY hard pressed to find a "mainstream US marketing channel" that sells soaps that doesn't sell Dr. Bronner's. When you don't see it here any more be sure to tell us"
You're right, I over-stated my case. And I'm on far weaker ground outside the US.
I had forgotten about Dr. Bronners soap (which I actually use in the shower). But it doesn't appear to make any claims about the hemp oil's health or medicinal benefits. Also, hemp oil is number 8 on the ingredient list right after Tea Tree Extract. So my guess is that it is less than 2% of the contents. It's probably more important as a branding agent, than to the efficacy of the product itself. When I made my statement, I was thinking of the type of products you get when you do some kind of web search on CBD oil.
But I think the fundamental problem is still there from a TAUG point of view. Last week, products that include CBD oil were widely distributed. When CBD oil is marketed as an active ingredient, the product often features the health or medicinal value of the CBD. It's likely that TAUG had something like this in mind for marketing its roll-on. For this "market", I stand by my assertion.
I offer up the following index to monitor the impact of the DEA's clarification on marihuana extracts, which becomes effective on 2017-01-13.
Number of hits searching Amazon.com (US) in all departments (aka All in some drop-down menus) for: cbd oil
As a baseline number, I just tried this (I live in the US) and received 837 search results.
IMO, this will be a much better indicator of any declining US market potential for TAUG's roll-on than Dr. Bonner's soap.
Yes, but the news was not widely known at that time. It will probably take a few days to sink in.
Potential Investors - Stay Away Until TAUG Has A Shipping Product
Sell TAUG on the peaks before year-end
Full-reporting means nothing when a company has nothing to sell. A collapse looks inevitable.
I did read the whole article.
You're entitled to an opinion that is different than mine. But I firmly stand by mine. No mainstream US marketing channel is going to touch CBD based product distribution unless the DEA's Schedule 1 classification is changed.
Ha Ha Ha - see my amended post
In any case it's a moot point for TAUG. They won't be launching their CBD infused roll-on product for the foreseeable future.
Good luck with that
There was a public comment period before the rule was finalized.
Who's going to take the DEA to court - TAUG? Until someone does, and wins, no mainstream channel is going to touch anything with CBD in it.
BTW, legal pot is big business. Legal CBD oil isn't. Odds are much less that someone will pay for going to court over CBD.
Time To UNLOAD The Boat !!!
To the long list of things TAUG doesn't have (e.g. revenue, assets and products), we can now add, no known future products.
Get-out soon, while you can salvage something. Hopefully, you will also be able to take a short-term tax loss before the tax year ends.
I don't think there is any way they could have anticipated this in their tactical plans. So I can understand it taking them a little while to react.
But, like you, I expect a spin job. The release will almost certainly say that the CBD oil stuff was only a minor part of what they are working on, and it's loss is no big deal. Perhaps TAUG will disclose research that confirms that Agaricus bisporus extract is an even better liniment than CBD oil? And that they expect to be first to market with it, through world-class, massive distribution channels. And there's even the possibility that SEVERAL Pfizer Board members could be joining TAUG's Board. Time to Load The Boat!!!
LOL
p.s. https://en.wikipedia.org/wiki/Agaricus_bisporus
When will TAUG announce, there won't be any CBD-based products?
And just to clarify some things, for folks who did not read the DEAs entry about CBD in the Federal Register:
CBD oil has never been legal in the US, but some folks thought the issue was ambiguous and built an industry based on that ambiguity. The DEA notice clarifies things so there is no longer any ambiguity. CBD oil is now unambiguously classified as a US Schedule 1 drug.
Per the DEA, a prime reason for the new Schedule 1 drug code being assigned is to make it easier to coordinate internationally drug enforcement operations. CBD is already classified as a controlled substance in many other countries.
IMO, the CBD product (TAUG's only announced product), is dead in the water. It will never be sold in the USA or any other country.
"I guess that's going to put a lot of people out of business"
I think so too.
To be fair, I didn't "find" it, I just noticed it. This link showed up in my Google News summary this morning:
https://www.washingtonpost.com/news/wonk/wp/2016/12/16/marijuana-or-marihuana-its-all-weed-to-the-dea/
I happened to do a search on "cbd oil" too, before I saw your post. But I did it on Amazon. For all departments, I got 835 hits (I only looked at the first page of results). By Feb 1, I expect the Amazon hits to be zero (other than misspelled products or search engine mistakes).
"A level of interest commensurate with $438 in assets and no revenues at all."
That's a great way to articulate it. Even though the market (especially on the OTC) can be irrational over the short term, it almost always becomes more rational over a longer term.
Thanks
"That is exciting, so by July of 2017"
Yes, and even more exciting: I think TAUG may have been dealt a final death blow.
:(
As you know, TAUG only has one announced product (and it is still in development). It is a muscle relaxant based on CBD oil.
On 2016-12-14, the DEA clarified that certain marijuana extracts — notably cannabidiol, or CBD — are indeed Schedule 1 controlled substances and just as illegal under federal law as whole-plant marijuana itself. And it doesn't matter whether the plant the CBD is extracted from is "industrial" hemp or medical marijuana.
You can read the full text in the 2016-12-14 Federal Register.
CBD (cannabidiol) is ruled a Schedule 1 drug
Looks like DECN dodged a bullet in not merging with TAUG. Per the Federal Register 2016-12-14:
I expect year-end DECN price > current $0.11
That's without positive news on the JnJ suit in Nev or a credible report on actual sales revenue acceleration.
By July 1 of 2017, I expect the price per share to more than double.
Correction: actual TAUG trading volume < $4K, still pitiful
TAUG Down 5%
Total dollar volume traded on Friday was less than $200.
Doesn't look good, and IMO, things will get worse.
Internet whois information for tauriga.com
This was news to me, perhaps not to others:
Creation Date: 2013-04-08
Registrant Name: Seth Shaw
Registrant Organization: Green Eagle Capital Corp
Registrant Street: 27 Edward Road
Registrant City: Hopewell Junction
Registrant State/Province: New York
Registrant Postal Code: 12533
Registrant Country: US
Registrant Phone: 9177969926
Delightful DECN up 8%, TAUG the Turd Down 5%
Curses! DeathSpiral Foiled Again! DECN Up 8% - EOM
"Can you imagine what will happen when they announce $200 million in sales to Uganda"
No, but can imagine what will happen when DECN strips are carried on the shelves of most US Walmart stores.
"What do you make of that?"
It was probably a mistake. TAUG can't afford them. I smell a reverse split coming soon, followed more big-time dilution. Lipstick wouldn't help this pig. Deodorant would be a better try, but futile.
The Mighty TAUG with no product, no assets, no revenue, no profits and pitiful leadership. They can't even afford office space, let alone staff. And the big strategic plan? Relaunch the failed Wellness business under new name. Awesome progress :(
"Decn and apyp could be getting closer to merge."
I think that dance is over, but I suppose anything is possible. I actually bought some speculative APYP shares back in early August based on rumors that a merger was a possibility. And its share price did more than double, but has lost half it's value in the last month or so. I dumped all of my APYP shares some time ago. It may have some value as a shell, but not much else IMO.
"Clearly Seth is not working hard to hurt his shareholders"
I agree with that.
But, IMO, Seth is working hard to enrich himself even if it is at the expense of TAUG shareholders.
"Not being "charged" DOES NOT EQUAL INNOCENCE!"
Amen!
I agree, the SpongeTech stuff is really interesting. Paints a pretty compelling story for me.
You present great facts from the iHub and other sources. But many of the responses to your factual posts seem to be denial or bravado. Denying that Seth's past history is relevant. Or if that doesn't work bravado (a bold manner or a show of boldness intended to impress or intimidate). For example, I know Seth and he absolutely has share holder interest as his top priority. Just look at the proof - he works over 100 hours a week on increasing share holder value.
Yeah - right - LOL.
"Larger point has not changed" - I Disagree!
Johnny, from your earlier note: "Then, to really go in for the kill he wiped out the shareholders with under 100 shares even though those people most likely invested thousands of dollars."
I'd like to clarify what "wiped out" really means in this context using facts nonsequetor dug up from the filings:
- The worst case for an affected individual investor on Aug 5, 2016 was that they owned 24 shares of DECN.
- The closing price for DECN on August 5, 2016 was $0.12000 per share according to Yahoo Finance.
- So the worst financial case for any affected DECN investors was that "wiped out" meant they lost a total of $2.88.
But also consider the vast majority of affected DECN investors owned less than 5 shares. And also this disclosure: "This clean-up included only shareholders that their individual brokers or former brokers could not find or contact for one reason or another at least since 2011."
IMO, there was no shareholder "wipe out" because of this action.
"1 Billion shares of dilution isn't too bad, right? Or is it?"
I suppose everything is relative.
A couple of million here, a couple of million there, and pretty soon you're talking about real money.
And as for a BILLION additional shares? IMO, that sucks.
I disclosed credible information -- "intolerable"?
I didn't try to "make it" anything. It was a pure copy and paste.
I found it plausible. And I do not apologize.
IMO opinion, extreme dilution of shareholder value has been a repetitive pattern where Seth has had a key role. And extreme dilution is certainly evident for TAUG.