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Seth will bring home the bacon. Once we are listed time to find a new merger or joint venture
$20,000,000 Possible - OR MORE - YOU BETCHA
1. OK Tauriga was damaged by the Company's auditor signing off on financials for six straight years. Post Madoff, an auditor was limited to signing off on financials for a period of five years.
2. Tauriga nearly $350,000 accounting/auditing fees for the years 2014 and 2015
3. Prior to receiving most of those fees the auditor was put on notice by that Tauriga (also another Company's) financials would not be accepted by the SEC
4. The auditor failed to disclose these notices to Tauriga - or return the fees paid.
5. Tauriga was de-listed from BB. Seth contacted Auditor repeatedly through emails, text phone calls to get the auditor to explain what happened and to return working PAPERS. Auditor never responded. Auditor did not return working papers. Eventually the auditor was ordered by federal judge to return working papers. The SEC realizing that the Tauriga was delisted due to the auditors malpractice has waived certain time requirements for Tauriga to be relisted once financials are completed. Re-read this. Even the SEC realizes that Tauriga and it's management was not responsible for the de-listing.
6. Seth acted appropriately by contacting the auditor by every means possible attempting to remedy the accounting issues as expeditiously as possible, and the auditor thumbing his nose at Tauriga and Tauriga's over 5000 shareholders the auditors malpractice caused Tauriga shareholders tremendous loss in share valuation, dilution, damage to reputation, delisting, stock liquidity ect ect. Seth contacted Cowan numerous times attempting to get the companies working papers back.
7. The auditor may have a defense against punitive damages if he acted expeditiously to return to Tauriga payments that were made for 2014 and 2015 and Tauriga's working papers. Auditor, Donald Cowan, managing director, would not respond to requests by Seth to return Tauriga's working papers. This guy is a complete scumbag. He should be enjoined personally in the suit and sued personally by Tauriga because his actions in failing to notify TAUG and return the Tauriga's working papers that he can be held personally responsible above and beyond the limits of the Auditor's liability coverage. Hopefully, after he is deposed Tauriga will add him personally as a Defendant. Cowan's actions, in and by itself, could reach the policy limits just in a PUNITIVE DAMAGE award.
8. Seth filed suit on behalf of Tauriga for malpractice against the auditor. I believe the auditor did not tell Seth about the issues with regard to the defects in the 2014 filing because he thought he could cure it. I believe the auditor still thought he was due money because he did work and that is why he did not return Tauriga's working papers. However, when it became apparent that the Company would be de-listed Cowan injured 5400 shareholders. If a jury awards Tauriga upwards of 10 million dollars in actual and punitive damages the policy limits of 6 million dollars would be exceeded. The auditing firm would be responsible for the balance and contrary to what some have stated, this accounting firm and it's partners have the assets to pay the balance. Moreover, this is just the claim against the auditor. If the insurance company put a value on Tauriga's claim that is so far removed from the actual damages a jury awards (10 million as an example) a judgment of bad faith claim could be multiples above and beyond the example of a $10 million dollar claim specifically to punish the insurance carrier. I would also enjoin the individual appraiser personally. It is my opinion that the auditor (Cowan) gave information that may or may not have been confidential to the Carrier in an attempt to access whether a low ball claim would be accepted. If a low ball offer was made, (mediation often times have offers) Seth again should be given credit for not being desperate.
9. The first mediation was scheduled and it was determined that professional valuation was needed.
10. The second mediation was scheduled and all its terms were confidential no settlement was reached. However, if valuations by both sides were presented and just the drop in market cap was considered the shareholder loss in stock value is more than the policy limits. Take any multiple average of what the stock was trading prior to Tauriga being delistied (ie 30 days 90 days, 180 days) and you will reach an average share price. Now do the same multiple after the stock was delisted and you will reach an average share price. Times those numbers by the number of shares outstanding on the date Tauriga was delisted , the figures are shocking. There has been serious dilution subsequent to the delisting.
11. I believe and offer was made by the insurance company that was nowhere near the claim Tauriga proffered. If that is true, and an 18 year old juror can do the math ob what the stock was trading for before and after the delisting, the Company should keep the petal to the metal and not even accept any settlement. If the Comapny wins a judgment of 10 million dollars that could be the multiple that the bad faith number will be based off. It would be wrong to think that a judgment against the auditor that exceeded the policy limits would be uncollectable. That auditor is a fairly large firm with assets and cash. The auditor Cowan, has personal assets.
12. I hope Seth takes into account the damage to shareholders personal losses. A jury hearing individual stories about how a shareholder could not sell stock to maybe pay a medical bill, pay off debt or even missing be able to invest in another opportunity. A jury hearing personal stories of the devastation individual shareholders suffered.
Go Seth.... If he wants us to do a shareholder derivitive action against the insurance company and Donald Cowan personally I am all in. And I have just the lawyer to do it.
20 Million Dollars IS NOT EXAGGERATION
Diane Florida law allows for Claims of Bad Faith. A bad faith claim is not limited to the policy limits and would be paid by the insurance carrier for their conduct in appraising and settling a claim. First I would like to speak about Seth and some of the public criticism of him. It appears to me that Seth is Yoemans work and trying to restore shareholder value here.
Shareholders have lost tens of millions of dollars they invested in TAUG stock. Some of that blame rests on the Board of Directors for appointing CEOs that did not perform properly and actually undermined shareholder interests. Seth is working tirelessly to restore some of the value that is been lost. He has to wear multiple hats and stepped in to a company that was cash-strapped it was delisted from the bulletin board solely because of accountants mail practice. Try being the CEO of a small public company and juggling accounting issues, SEC issues, potential merger or joint venture deals and litigation while trying to constantly raise money.
Seth's moral compass is 100% in the right direction and he is a lesser man would've quit or possibly had a nervous breakdown under the pressure of the devastation that is happened here. I doubt he sleeps well knowing that he is publicly disparaged on a daily basis. That stated, I think Seth is quite aware that he has a fiduciary responsibility to maximize the insurance claim that is not resulted in a federal plus I'm behalf of the shareholders if he doesn't settle the claim in a month that reflects the actual damages to talk shareholders he risks being sued personally, and there is always the risk that a shareholder derivative action is filed in prosecuting the claim against the insurance carrier, especially when considering the tens of millions of dollars in market cap losses. Seth is moving TAUG in a good direction, the accounting issues hopefully will be resolved shortly. Excellent Board members have been added. Market Cap has increased since the Company filed suit and began remedying the filing deficiencies. The decrease in shareholder value due to the accounting scandal and now the subsequent increase in shareholder value due to the company beginning to remedy these deficiencies can certainly be considered one proof of loss.
BAD FAITH DAMAGES ARE NOT AN EXAGGERATION!
1. Florida allows for actions against an insurance company operating in bad faith settling a claim.
2. The amount the insurance carrier liability if the company prosecutes in the judgment in the bed they claim is not limited to the policy limits. It is a separate action in itself.
3. In Florida, the measure of whether an insurer has acted in good faith is, necessarily, determined by an assessment of the lengths to which the carrier went in an effort to provide the insured with the protection afforded by the insurance policy. It is for this reason that the focus in a bad faith case is upon the conduct of the insurer and not the person making the claims or presenting any opportunity for settlement. If the liability insurer undertakes a prompt investigation of the loss, timely evaluation of the legal liability of the insured, communicates to the insured the material events of the adjustment process, and acts reasonably with regard to opportunities to settle the loss and protect the assets of the insured, then it has no fear from Florida’s bad faith laws.
4. The losses to shareholder market cap are obvious. That can be blamed on the Accounting firm. The insurance Carrier's failure to rectify properly appraise and adjust the damaging to the shareholders constitutes grounds for a bad faith claim against the Carrier.
5. An 18-year-old jurist would be able to assess that TAUG did not have a history of trading below a penny prior to the accounting malpractice. Simple math puts the market Drunk from two cents to .002 @over at over $20 million. This doesn't even take into account shareholder market cap losses from dilution. That dilution, in and by itself will make it harder for TAUG to close over a penny a day and get back on the BB.
6. In 18-year-old jurist would easily be able to determine that insurance Company's appraisal below the policy limits would not even be in the the zip code of the actual damages to TUAG shareholders.
7. TA UG for the dilute to raise money to pay accountants and attorneys to bring the books up-to-date and prosecute this case
8. Any reasonable adjuster from an insurance carrier would have immediately advanced TAUG monies against the final settlement to assist TAUG with accounting fees to remedy the delisting. Instead, the big bad insurance company appears to have hoped that TAUG went out of business.
9. Any reasonable 18-year-old Jurist will easily be able to assess the damages that were done to TAUG which includes market cap devaluation, massive dilution, delisting, reputation ect ect.
10. I am trying to keep this simple that faith is a separate claim The insurance carrier will have written appraisals of what they assessed the damages to TAUG to be. The insurance carrier will have records whether they even offered an upfront advance to TAUG.
11. My guess is that the Carriers adjusters did not offer any upfront money to assist TAUG to remedy this travesty as quick as possible. My guess is that the appraisers/adjusters low balled and preyed on TAUG precisely because of its weakened financial state. My guess is a jury will find that actions constitute Bad Faith. My guess is that a jury will not like what the Carrier did to shareholders of a public company.
12 The insurance carrier has made several fatal mistake. One could be underestimating Seth Shaw's resolve. The second could be that Tauriga is a public company with over 5000 angry shareholders
13. I'm trying to keep this simple so that people can understand the Carrier's bad faith and what management can do to remedy it. I received a call last night and the caller stated that the most we could win in the case against the accountant is the maximum of the policy limits. Technically that is correct. Technically a bad faith claim against the insurance company is a separate action that the accountants actions are not liable for.
14. The more I get to know if Seth tomorrow I like him. Some attorneys are good at negotiating settlements. Some attorneys look at policy limits for legal and just want to settle. Some attorneys are excellent federal trial litigators that are pitbull's when it comes to litigation. I have no doubt Seth hired a good attorney that has already provided a claim for the policy maximum. However, If Seth needs a pitbull I can certainly recommend one with an excellent history of litigating against insurance companies and government agencies
15. If I was short the TAUG stock I would not be sleeping too well. If I were the insurance adjuster's involved in jerking TAUG around all this time I would not be sleeping to well right now
TAUG COULD WIN 20 MILLION DOLLARS
Continuing with my previous post there is a major TRUMP CARD for TAUG that screams at me in the current litigation between TAUG and Cowen's insurance Carrier. There is no doubt the Carrier is liable. If a jury finds that the carrier has been jerking TAUG around with low ball offers a jury will not hesitate to award treble damages to the Company. Here's why IMO-
The accountants actions not returning the Company's paperwork timely was egregious. TAUG, and its shareholders suffered because of market cap drop, being de-listed from the BB, Seth's hands being tied not being able to do another merger ect ect.
- A jury will not like the accountants actions
- imo if the carrier has made unreasonably low offers based on the Company's weakened position a jury will not hesitate to punish the carrier and award TAUG treble damages. The Carrier could be seen as preying on the Company's weakened position that the Carrier's insured caused.
- a jury will not like the carrier further damaging innocent shareholders by delaying and stalling an appropriate settlement
The market has spoken, look at the rise in market cap just from Seth stating he has received the Company's papers and is working towards being a fully reporting company. It does not take a rocket scientist as a juror to see what even a hint of accounting issues does to damage shareholders, Salix and Valeant are two recent examples.
What if Seth could have done deals that would have added shareholder value 12 months ago but was shelved due to TAUG not being a fully reporting company.
If I was Cowan's insurance carrier right now I would be extremely worried about going into a trial this fall in front of a jury.
Furthermore, there is chatter about TAUG stock dilution. Dilution does hurt shareholders, there is no doubt about it. But there is a difference between when a company has to dilute just to keep it's doors open and a company dilutes because of stupidity. IMO dilution here happened out of desperation at times and if mistakes were made it should be excused because that is what happens when you are backed into a corner.
Imagine, if TAUG is victorious and wind treble damages. TAUG could turn around and buy back hundreds of millions of shares under .03 in my opinion.
Seth seems to me to be a very smart guy working hard to restore shareholder value. I have not been in penny stocks in 20 years and only bought in because a friend asked me to. But after talking with Seth the one thing that resonated with me is his never quit attitude. It would have been very easy for him to shelve this and start with a clean shell but his overwhelming determination to make the shareholders whole was very compelling.
Seth would not discuss litigation, but when you have to go to the extraordinary measure of demanding a jury trial to collect damages the possibility of bad faith is very high. Imagine if you were stopped at a red light and were rear ended by a mack truck. You required medical attention that was easily verified totaling in excess of $6 million dollars. And the insurance carrier at fault only offered you a fraction of that because they thought you would take a lowball offer.
Next, because they did not make you whole in a timely manner you could not afford therapy to get better and finally had to sue the carrier to collect. That is BAD FAITH. The insurance carrier is somewhat responsible for the dilution at low low prices.
When I asked Seth he had opportunities that were delayed or passed because of the stock's delisting he said yes. Also, there were issues with patents in the water company that were fatally damaged because of financing. I really don't know anything about that though. One thing is for certain, even with the dilution caused directly because of the de-listing, the stock has moved up quite a bit just on the news that TAUG in on the path to becoming a fully reporting company again. CHA CHING
Rawman...very good and accurate post. I did see a post in the past that stated the case was dismissed. My apologies if you felt I indirectly attributed that post to you. Mediation hearings are usually confidential, out of fairness to both parties and the Court.
If the insurance company has admitted liability the only factor left is determining the amount of liability, if it goes to trial attorney fees and possible punitive damages could be added. Sometimes damages can exceed the policy limits, sometimes punitive damages could far exceed liability damages. Any amounts posted in this forum are simply conjecture. I doubt the attorneys know what the final number will be if the case goes to trial. But the market cap drop, tying management hands from doing potential deals and the stock being delisted certainly could leave one to be counting sheep, and alot of them, before they closed their eyes to sleep.
I do not know about the Sung person, but a reporting company, even if some think it is a worthless shell, has value. How much value is subjective.
I have stated my wife works at big pharma, last year she had to put together team to visit and analyse data for a biotech that even I do not know the name. The product was viable and probable to be approved. The numbers were so far off and the upfront expenditure was to great. One of the comments they made is they may go public and do an additional capital raise. That is very expensive, and the market is depressed.
If you have a private company with growth potential and sitting on 25 to 50 mil in cash TAUG could be an excellent vehicle to go public and then do a further capital raise when the market turns around.
Obviously companies like this have pros and cons that is why they are trading at pennies.
One thing I can tell you, in general when stock markets tend to get very high, money tends to move to take profits and look at smaller companies, smaller dollars invested - with the hope of bigger percentage gains.
Not quite sure if that is the case with penny stocks, as they seem to live in an echo system that is unique to them.
PACER - TAUG POTENTIAL
I would suggest you get a pacer account and download pleadings/exhibits. This case has not been dismissed. If a case is in mediation generally the judge suggests or orders confidentiality. That is standard. You can also buy transcripts of the hearings.
When I worked for brokerage firm some small deals ended up being very big companies, some were bought out and some failed. One that failed was a franchise in the car repair segment. It had 15 yrs of track record, multiple locations and multiple franchises. I liked the company and the people, but it ultimately failed as a public entity.
Seth cannot be solely responsible for failures, this stock did go off at .10 and traded 300% higher and tens of millions of shares a day. Any early investor could have sold and recouped investment and left the rest for growth. This is a penny stock and generally the odds are stacked against penny stocks. Mostly because of short selling and as you pointed out dilution. However, He is bring financials current and if he doesn't I will join you.
Years ago I jumped in my friends son business with financial and time support. It was a great business in a massively online selling growth model. It could have been huge but he was more interested in buying $10,000 watches and $1200.00 sunglasses and being a big shot playboy. More than money it was the time I wasted that made me the most angry. He completely busted out, even his father wouldn't loan him any money. Three years after that he was named one of the fastest growing companies on Amazon. Sales were nearly 50 million, and he only had 4 full time employees in that division. He also sold through other channels and I think he even does manufacturing now.
Seth is at least trying to get this back on track. There are great additions to the board. Not sure why Frank is discounted so much. Even my wife goes out on special audits of companies and most don't meet Pfizer's expectations or in many cases they value themselves to high. Frank most likely interacts with many companies like this. They may not be a fit for big Pharma but they could be successful in a small niche. Many times these companies want to go public and need a vehicle.
I would think that Seth is much more experienced now than he was 2 years ago. The bottom line is that if a company doesn't work out move on and try again. Didn't Babe Ruth strike out more than he hit home runs. Nobody remembers him for the strike outs.
I would suggest a Pacer account and more due diligence on how just rumors of accounting issues will tank a stock. There are several current examples you can look at.
Insurance Claim and Damages - Material Knowledge
My friend Deaf, you are completely wrong with your assumption that the market cap did not drop as a result of being delisted. The damage was done far in advance of the delisting or press release. Look at accounting scandals at Salix and VRX as examples. Both market caps plummeted.
Not only that, short sellers feast on small cap companies that are in distress. Not only does management have to spend all its time figuring out how to get the financials done, but lawsuits and raising money just to stay alive to fight another day occupy the majority of time.
I have known about this stock for years but did not buy it until recently. It does seem to have had some temporary success and two companies that were acquired did not work out. You can blame Seth for them not working out, but he did his due diligence and I believe did think they would work out. Now, biotechs with no sales have market caps sometimes in the billions, and collapse on failure to get approval.
The fact that Seth is paying debt, paying accountants and will no doubt win a very large settlement are all plus factors. The fact that he is trying to get TAUG listed is very promising. By the way, it talk a court order with an contempt ramifications for non compliance to get the accountants to even return the books. That is a serious liability for the insurance company. Look at how the market cap increased since these few announcements were made.
As far as material knowledge, I think he disseminates information to the extent he is allowed to by law.
Frank runs close to a 10 Billion budget at Pfizer now and is a senior director. Keith Berman has whipped J&J but and busted their patents with Digital Diagnastics. They projected sales of over 240 million in 2012 before they were stopped from selling by J&J lawsuits. Now, the only suit that appears left is the one they have against J&J for 400-700 million dollars. I, for one, am glad to have both these gentlemen on the Boards because not only does it show credibility but I am sure they are not putting their good names on a penny stock because they have a ton of free time.
I hope you make a profit on your investments DEAF....
Lets Make TAUG Great - should I add Again
SETH SHAW TAUG - 10 Billion dollars
I have to admit when I saw the resume I was puzzled. My wife is a director at Pfizer. Not only is Frank still with Pfizer and is a Senior Managing Director, but the 900 million dollars in emerging markets he manages is not totally accurate. The aggregate he oversees is 10 billion dollars NOW.
It is true that 2 previous companies did work out in here, but if Seth gets the financials done this will have tremendous value.
From talking to Seth about damages in the lawsuit he turned it around on me and asked if the stock was at .05 and trading volume prior to being delisted, and then the stock went to sub .01 after it was delisted what are the damages. They are more than the policy. If the accounting firm had to be ordered under penalty of contempt of court to return the companies financial records what is bad acting and operating in bad faith worth.
A jury is not going to be very kind to this law firm or its insurance company, IMO
That will pave the way for Seth, Frank and Berman to get this company on the right track again
SETH SHAW AND FRANK
SETH - I talked to him last night and was very very impressed. Looked at past charts and this was trading 20 million shares a day and hit a high of .3 He said his main focus is on getting the company reporting again. His specialty is relationships with institutional investors. He also said he would not have expended all this energy and time but for trying to make shareholders whole.
The lawsuit is in mediation and details are confidential - we will know outcome through press releases, court orders or a trial which is scheduled for October. I did ask if the policy was about 6.5 mil and he said yes, I also asked if TAUG could win excess of that, like 30 million due to the market drop and handcuffing TAUG's ability to pursue profitable ventures.
He would not comment except to say anything is possible.
I asked if TAUG won money if he would buy back stock to reduce the float, he would not comment except to say one step at a time.
Frank...My wife is a Director at Pfizer, in a different capacity. All Seth stated was that Frank has potential contacts with many small companies. My wife has a serious budget in her capacity, and even she runs into private companies.
All in all, I could not even speculate on the potential relationship except to state this has to be positive
Cowan's Censure - NUFF SAID about integrity of CEO
http://pcaobus.org/Enforcement/Decisions/Documents/Cowan.pdf
Hoping you are correct Gonefishing. Why would anyone raise money at under a penny.
Here's hoping for a great win in lawsuit, getting back on BB.
My wife runs into many small biotechs at PFE. In a different capacity than Frank does. It appears Frank has a budget and deals in emerging markets according to his bio. My wife would be part of a team that evaluates the trial results of companies that PFE may be looking at to partner or buy. Sometimes they are private companies. A recent one was an unnamed company in Cambridge,
That company wanted X price to be bought out and my wife did not think it was worth 1/5th X based on trial results. Her expertise in managing, evaluating and formatting trial data. She does not know Frank but her title is of equal status.
My point is he runs into many companies and approves or submits contracts and has a fairly big budget. There are many companies that are either startups that are private and run into funding issues. The funding would be a little easier to obtain via a public company than a private company.
As bad as this company performed so far due to deals not working out, at least you could buy and sell stock. Not as easy in a private company.
The fact that the company could get some cash and hopefully the policy limits would make Taug even more viable as a shell to a private company. It appears that the only reason TAUG was delisted was not only because the accountant committed an error of signing off on 6 straight years when it should have only been 5 years, but he purposely did not return the company's working papers to TAUG so that the company could do its filing.
If the company wins a judgment of millions and gets back on bb it could be an attractive target. There are alot of shares out though.
That is my 2 cents. Hopefully the company wins money, gets listed and finds a private company looking to go public. Why would a private company want to go public through a company like TAUG? It is much cheaper and much less complicated.
That would be great
From court documents in Florida that anyone can access on Pacer the case against accountant is alive and well.
The newest Board member to TAUG is CEO of DECN and that has moved from .05 to .6 on heavy volume. According to court filings they have also beaten Johnson and Johnson in a patent case and Johnson and Johnson also lost the appeal. From what I can see DECN also has sale and signed a deal with Retail Monster to have its products in places like Walmart.
What does this have to do with TAUG? Not sure but why would this CEO with so much going on become a board member of TAUG. Maybe they might set up TAUG to be a company to distribute its products online. Diabetes is an epidemic and DECN strips are 80% less than J&J - who does over 2 billion a quarter in sales in this area.
I have also confirmed that the recent addition of a Pfizer exec to the Advisory Board of TAUG is legit. I have done this through multiple sources I know. He has a pretty big budget and has relationships with many start up companies. Pfizer looks at alot of companies and pipelines. Maybe some of those companies want to go public? Just speculating, but again why would he join the company. As an example a small private company in Cumberland RI was bought out for about 600 million a couple years ago. The bidders were Allergan and Valeant. Perhaps with his experience with emerging markets he may introduce companies in emerging markets that are looking to go public through an acquisition of a shell.
My thinking this opens up a ton of doors for TAUG, provided TAUG becomes a reporting company and gets its financials submitted.
I am not hyping stock, it is a penny stock and carries the risk of a penny stock. I only bought a million shares. This stock and what has happened to shareholders certainly warrants questioning. Deals falling apart, dilution and the accounting fiasco but the way I look at it "its not over till its over" . I If anyone has proof that the accountant was not censured they should post it. If anyone has any proof that TAUG lost the Federal lawsuit for malpractice I hope they post it
Good Luck Longs
What news DEAF..Do you have news about TAUG?
New BOD of TAUG and CEO of DECN stock is jamming again. From .08 2 months ago to .59 today. Could TAUG learn from DECN
Up Up and away
$700K PAID TO INSIDERS FOR...POSTING ON IHUB AND DRAGGING ON A LAWSUIT FOR WHAT WILL BE YEARS
where is the proof in court documents. If TAUG lost over 20 mil in market cap and potential deals due to delisting it is within reason they win the policy limit of 6 million dollars
Who cares if a Director sold stock for $500.00. Who cares if Seth has 900 million shares because they are worthless unless he can utilize the shell to merge with a private company or acquire a company. I don't care if he reverse splits it 1 for 100 if he can get value.
I bought a little bit and I am not worried about whether the stock is .05 or 5 cents. Hopefully he can create value. 99% of pink sheet stocks are losers, but people that buy them know that
Sometimes, believe it or not, companies have top dilute and sell shares just to keep the ship afloat for another day.
This is a penny stock on the pink sheets, not Apple.
Having a stock that is not very liquid is a double edged sword. This is very difficult to buy serious volume of shares is hard also because of the lack of inventory because of depressed prices.
Market makers can sell shares that are not in inventory and try to backfill them at a later date.
One company I was involved with years ago was a clean shell and a fully reporting company. I think it was thinly traded at 4 or 5 cents. It did a reverse split of 1/7 bringing it to .35 and then acquired a company. That company is called Herbalife and went to $80.00 before going private. Then it went public a second time.
It seems like Seth has relationships and is trying. If you own it high and you will not lose sleep over averaging down it might be worth it. I looked at the docket in the Tauriga court case and it is black and white. Seth could have folded this company and moved onto other projects but he did not. I have had plenty of worthless stock and I know the feeling you get. But if Seth is fighting and you are truly long why would you work against your own interests posting nasty false info
The new base is subjective and completely irrelevant. The base at .09 talked about means nothing if a seller hits the bid and there is not buyers for the stock.
The bottom line is simple, there is a short position and the true short position is not really ever known.
When TAUG settles its case and/or becomes reporting there will at least be some type of value. If Seth pulls of a merger or acquisition the value will be commensurate with the value TAUG brings to a potential deal.
1. The possible insurance settlement which hopefully will be in the millions of dollars
2. A diverse shareholder base, most of which have not averaged down and have a much higher cost basis
3. The value for another entity to either allow TAUG to acquire it or merge with it.
Thats it.... I do not the the CEO of DECN would join the board for the fun of it. I think he has a full plate kicking Johnson and Jonson's butt.
And the Pfizer guy is interesting.
Positive news has been coming out. Why are there no posts about the positive news like DECN CEO joining TAUG Board?
DECN is winning an epic battle against Johnson and Johnson and DECN shareholders will benefit.
Why would senior Pfizer guy and CEO of DECN get involved in TAUG if there was not potential.
This should be looked at as a new stock, at a penny. If it becomes a clean shell it has value.
Will be selling this at .25
The writing is on the wall here - this will be going higher in the next 12 months,