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Perhaps its good that Groestlcoin is tanking
Because Tauriga still has/had some tranches left to purchase.
If Tauriga is interested in holding Groestlcoin for a year or more -- perhaps this is an excellent average down chance
This is why its good, never to buy all of anything at once
Let's remember it is a $25,000 gamble on Groestlcoin and the Company has never said anything other than that
See below, the exact language from TAUG's press release of December 27, 2017:
Tauriga’s Chief Executive Officer, Seth M. Shaw, expressed, “The Company has decided to provide its shareholders with a degree of exposure to the crypto currency sector. The Company believes that it has accomplished this corporate aim in both a measured and responsible manner. After carefully evaluating a number of crypto currencies, which incorporate block chain technology, the Company believes that Groestlcoin has incorporated some important features that differentiates it from other crypto currencies. The Company also understands that any exposure to this sector, at this point in time, carries a high level of inherent risk. Therefore, the Company has limited its downside to $25,000 but is hopeful that this exposure to Groestlcoin will ultimately be successful for its shareholders.”
Id say that VTGN is a legit bet -- $480,000
Groestlcoin is a Gamble -- $25,000
Not really that hard to see this
What does state law mean?????????????????????????????????????????????????????
That's quite an assumption to make
Unfortunately for you, it's not true
The heads ups is as follows
Due to outstanding work by Tauriga's CEO over the oat 2 1/2 years, Tauriga has a strong balance sheet and the ability to capitalize on significant potential opportunities
It is not an accident that Tauriga has cash and has been able to retire huge amounts of debt and start building a solid foundation
Read the press releases from the past 3 months and MAKE YOUR OWN JUDGMENT
Also, the CEO has invested approx. $300,000 of his own money in private placements at $0.00125 during 2017 - this was done so that the Company wouldn't be forced into accepting a sub par Settlement offer. Show me another CEO, in a similar predicament, that would have done that solely for the benefit of the shareholders
This is the heads up you should listen to
Wow!!!
you keep perseverating over a tiny immaterial error that was subsequently corrected. People who have never run a company before shouldn't assume that a tiny immaterial error is anything other than exactly that
Of course it went well - why wouldn't it
AV-101 is afabulous asset that is not yet being properly valued - to say the least
I think it should be fixed by management and updated and someone should be continually updating such
Your post is a correct constructive criticism.
How about just focusing on business instead of spreading horrible lies about Tauriga
I'll never understand this
This $25,000 investment is a small portion of the Company's cash position.
There will be an average price ascertained (through several tranches) and perhaps the first tranche was most expensive because it included sent up fees, etc. etc.
Let's see what the average price ends up being and lets see where Groestlcoin is in 3-6 months
I think its a potentially interesting play
To state that TAUG is headed towards bankruptcy is non sense
It is not true and the company has a chance to achieve success long term
most importantly management has spent the cash recently to buy out convertible debt for cash payments to prevent more extreme conversions
this means that the security has a possibility of trading in a more stable manner now
for people who aren't biased or looking solely for reasons to harm management,
Tauriga has become a very compelling opportunity
It a tiny little company with a tiny market cap, with a really solid balance sheet and positive shareholder equity
It has the potential to do some great things
Some of us also think that management did a decent job with the Settlement outcome last month
The Company now has resources and it could be in the right place at the right time
And to mitigate risk, it has a goods built in volume base and an outstanding and well connected CEO
perhaps there can be some stronger hands holding shares
The person who wrote the PR, did it Correctly and etihcaly
It expressed that $10,000 was sent to COINBASE to facilitate the purchase (which I'm sure has been done already - otherwise it wouldn't have been stated). It didn't say that the Groestlcoin was purchased through COINBASE. It said that it was facilitated through COINBASE.
and that the Groestlcoin purchase (1st trance) is expected to be completed by Jan 10, 2018 (which Im sure is accurate based on the available info to management)
I think that Tauriga's PR from yesterday was well written, honest, and done responsibly
And it may turn out to be a good diversification. Or it may end up being a small loss for the company
That PR also clearly discussed the high risk nature of that $25,000 diversification.
This PR exemplifies how honest and honorable companies communicate with shareholders
It's not "Wacky" at all
Its called taking a shot with a specific lesser known crypto currency that may or may not pan out
Tauriga actually has the resources -- such that it can take a shot
That's why 2 1/2 years of hard work is important (Now the company can actually take a few shots)
I think its a very intelligent and responsibly done transaction
Its not a POS
Its a company focused on a long term recovery and building shareholder value
its a company with a real future
It probably means: The Final Inventory incorporating the reformulation and new package design (as clearly described in the press release)
Commercial Grade: Final Product to be sold to customers
The press release was actually crystal clear
Seth is working hard and cares very deeply about the shareholders
I'm sure that he believes that there is a real potential opportunity with the Cupuacu butter lip balm product
And I have no doubt that he is working hard to make the company better and stronger, every single day
He battled hard for past 30 months and now is trying to build the asset base
I think we should all be supportive
The Company has had the inventory for all of 2 days
And perhaps the Company is working on many things, right now, to build shareholder value
Who knows?????????
In my opinion, your "guesstimate" will be proven to be incorrect
just my opinion
Well
The Company disclosed already that:
NO MORE DEBT -- Union Capital
NO MORE DEBT -- Eagle Equities
NO MORE DEBT --- Group 10
2 MORE NOTES -- GS CAPITAL
$27,500 FACE VALUE NOTE REMAINS --- ADAR BAYS
There has been a lot of improvement
Seth never "blew threw $2million"
Seth kept Tauriga afloat and was able to provide TAUG shareholders with a potentially successful future
Using these malicious cliches against Seth, is something that needs to stop
They are flat out wrong
VTGN owns a truly outstanding asset
It's potentially multi-billion dollar asset someday
https://www.vistagen.com/news-media/multimedia/video/547/nasdaq-closing-bell-ceremony
On March 13, 2017, VTGN rang the closing bell at the NASDAQ
Seth was invited to that event (he is directly behind the CEO, slightly to the left) at the ringing of the closing bell
Perhaps Seth helped VTGN over the past few years and perhaps Seth contributed in some positive ways to that Company
This "frittered away" term you use is despicable
It's called conversions, application of default penalties, penalty conversion term, private placements, and keeping the Company afloat
The suggestion you make, that Seth will use this $150,000 to buy back his own shares, is nothing short of reprehensible
Seth wanted to send a message, I believe, that the Company is financially strong enough to protect shareholders in multiple ways
To ascribe some ill intention on behalf of the CEO, to this event, is very wrong
Yes of course!!!!!
Tauriga will surely be bankrupt by next week -- we know your predictions
have a nice weekend
Don't listen to most of these posts
They are extremely one-sided and worse than that, inaccurate
Seth is working very hard and I have no doubt will get this turned around
Time will tell
Seth has made it clear in the press release that just came out at 11am today
https://finance.yahoo.com/news/tauriga-sciences-inc-group-10-160000044.html
That he is focused on strengthening the balance sheet between now and December 31st
This may be a very wise course of action, as it could make the Company much more attractive to a potential M & A target
I think its wrong to judge Seth on a few trading days since the Nov 10 Press release
It not right
I do not believe that Seth has any interest in a reverse at this time
I think he is more interested in establishing his gameplan to enhance shareholder value
The Company should end this Calendar year with a solid balance sheet and many options to pursue
Benefitted?
Tauriga actually has a future and there is a decent chance (instead of 0% chance) of a successful future
The benefit is that the Company has a real shot a future
The problem is that your historical recollections are not true and not accurate
Once again, the Company is extremely fortunate to have Seth Shaw as CEO
You seem to be pretty sure of yourself!!!!
How do you know?
Who are you suggesting is "dumping boat loads of stock?"
Ive seen your predictions from the past
you were also dead wrong
Why don't we give Seth a couple Quarters to execute
Instead of blaming him for day to day share price volatility
I think that would be fair
Tauriga shareholders are very fortunate to have Seth as CEO.
very fortunate.
To put an end to this non-sense once and for all
Tauriga never entered into any partial contingency with Silverberg -- it was contemplated for a while back in May of 2017 (as disclosed in a press release at that time) and it was never entered into. There certainly would have been an 8K filed if that had been entered into by the company
My guess is that the majority of Silverberg's invoice(s) have already been paid by the Company (see the Company's most recent Form 10Q)
In addition, you incorrectly stated earlier that all of Seth's debt retirement was via conversions. This is False
Two Group 10 Notes were retired for Cash payments (One in June 2017 and the other in October 2017)
More than $130,000 in Total cash was paid to retire those 2 Group 10 Notes (and let's not forget that money came from Seth's personal private placement investments at $0.00125). You should correct that in your post
You state (paraphrasing you) that Tauriga is about to go bankrupt because of certain "massive" bills that you feel are owed by the Company. To say the least, I strongly disagree with your assessment there
Lastly, I believe that Seth Shaw has done an exceptional job running this company that past 2+ years. That's my opinion
In addition, the vast majority of the sharp criticism levied against SETH is based on factual premises that simply do not reflect reality. It is understandable that shareholders are frustrated - but Seth has worked hard for shareholders and has deserves a lot of credit!!
what exactly is the false assertion here?
See Below, I don't really understand you -- these were press releases
1) From June 26, 2017
https://www.marketwatch.com/story/tauriga-sciences-inc-fully-repays-40000-usd-face-value-convertible-debenture-for-one-time-cash-payment-of-5965896-usd-2017-06-26-8160156
2) From October 11, 2017
https://www.marketwatch.com/story/tauriga-sciences-inc-fully-repays-45000-usd-face-value-convertible-debenture-for-one-time-cash-payment-of-7245789-usd-conditional-deferred-issuance-of-10000000-shares-2017-10-11-12160538