UPDATE: I spoke with Stella yesterday afternoon for about 30 mins. I said I would update after we spoke so here it is....
First, I am much more confident in Tauriga, the board and what is going on with the down trend lately as well as the future of TAUG.
The months of May and June were fully expected by Stella and the board to be very rough months. The reason is because of TAUG paying off all this convertible debt they have been doing and also more pay-offs recently. The convertible debt shares were clear for free trading yesterday, hence the drop in share price. The holders of that debt were free to trade (sell) and they did so. They were holders of share prices of .01.....so they were selling and taking their profits back, obviously. That caused some serious selling yesterday and drop in price. Again, Stella assured me most pointedly that she for sure was aware of this and knew it was going to happen....just not as bad, but was fully aware it could. The flip side is that we now have that convertible debt cleared off the books and those share holders are apparently out of play now....so less to deal with and more for us holders and buyers.
She also said there would possibly be some more of that in the next two months....June and July as they plan to continue with their debt pay-offs as their PR said they would be doing.
There will be some PR in the near future when it is time. She does not like to put out PR for no reason just to put fluff out and that makes perfect sense and imo is pretty responsible to do it that way, wait for actually news with some meat to it.
I was VERY impressed with the canabis line and the fact that this is not just another compant trying to jump into simple MJ. They are a valid and real company with actual licenses and are legally doing things. The line of products is vast....not just pot, so to speak. Stella is a scientist remember and I am medical....so that was cool to chat about that and see her real opinions out of her own mouth on what she thinks and plans about this line of products. Very impressed with this option, plan, revenue and potential revenue source.
The Pilus tests are in Phase 2 right now and are perfectly on schedule.....which takes time and I was not happy with that, but it is following exactly the plan they announced and planned on. Each phase takes a different amount of time and it is going well and she said things look promising and as for what she could say....things are good. This testing phase is small scale to ensure success and then branch out form there. They are actually being smart and responsible with this.....again, I was impressed. She sounded excited about this avenue and it's future potential.
Soooooo, after our conversation....even told her how impressed i was. But I also told her mine and several other concerns people have been posting. She was fully aware of what rumors and concerns are going aroud and said that people have the option to stay or go....have faith or not and she as well as Seth and the whole of TAUG hope people can realize that turning this company around has been a struggle and the first part was to get debt cleared and start gaining avenues of actual revenue and future revenue. Stella was very blunt about my concerns and showed the same concerns, whole heartedly. She said she fully understands our concerns and pointed out that she is share holder as well and feels exactly what she feels. She also reminded me that she could be anywhere doing just about anything else and she made the choice to be where she is becuase of the potential she sees and the technology and future of TAUG. She is not happy with what she referred to as the "somewhat irresponsible trading" that happened yesterday.....but it was open for free trade as of yesterday and they made their own choices to sell, just as well all have the option to do.
So, my mind is at ease and I fell much more confident now. Rest assured.....I was very pointed and blunt myself and she handled that well and asnswered all my questions and then some. Stella is very personable and clearly shows poise and a wise tongue and smarts to her that make me further confident that she is the right CEO for TAUG.
Take this as you all wish.....I said I would update and there it is.
Have a great rest of the week and go TAUG....and Stella!
Eric
