Tauriga Sciences Inc (fka TAUG)

[rawman]

This is unlikely to happen, but just a suggestion for the mods...it might not be a bad idea to "sticky" this post, showing the specifics of how Typenex is collecting the $600,000 debt from Tauriga Sciences. It includes specific wording governing the process stipulated in the Settlement Agreement, plus examples showing the outcomes for the two share selling options.

FROM PAGE 5 of the duly executed SETTLEMENT AGREEMENT between Typenex and Tauriga Sciences....

C. Volume. In any calendar week, Typenex shall not sell more Warrant Shares than the greater of (i) 10% of the weekly trading volume of the Common Stock...; OR (ii) Shares with an aggregate market value of $15,000, with the market value being determined by AVERAGING THE DAILY VWAP OF THE COMMON STOCK FOR ALL TRADING DAYS IN THE IMMEDIATELY PRECEDING WEEK. For purposes of this Agreement, “VWAP” means, the dollar volume-weighted average price on the principal trading market for Tauriga’s securities...

THERE ARE ONLY TWO (2) AVAILABLE OPTIONS, NO MORE AND NO LESS, GOVERNING THE WEEKLY TYPENEX SELLING! The above is the ONLY paragraph included in the Settlement Agreement that DICTATES how Typenex will be paid $600,000 via the sale of Tauriga Sciences shares! The stipulations are CLEARLY DEFINED BY THE AGREEING PARTY'S, Typenex and TAUG, and MUST BE ADHERED TO EACH WEEK TO AVOID POTENTIAL FINANCIAL PENALTIES THAT ARE TO BE IMPOSED ON EITHER OFFENDING PARTY!

Given just two weekly statistics, the number of TAUG shares that Typenex receives and sells is a straight-forward calculation. The first stat is the VOLUME-WEIGHTED AVERAGE SHARE PRICE from the immediately previous trading week and the second is the COMMON STOCK SHARE TRADING VOLUME, also from the previous week. With these numbers, one can go back to the start of the DUMP, which commenced the week of January 26, 2015, and calculate the EXACT NUMBER OF SHARES THAT HAVE BEEN TRANSFERRED TO AND SOLD BY TYPENEX! THERE IS NO MYSTERY OR "INTERPRETING" OF A CLEARLY DEFINED LEGAL PROCESS! This week, represents the 18th week of the selling into the market. Of the previous 17 there have only been four (4) to use Option #1, i.e. 10% of the previous weeks trading volume. All of the other weeks have fallen into the $15,000 category, meaning TAUG has probably PAID TYPENEX SOMEWHERE AROUND $275,000, which is not half way to the total due of $600,000. In some peoples' minds it seems TAUG will pay the additional amount due of $325,000 at a rate of $32,500 per week for the next 10 weeks to complete the settlement by the end of July. LOL! IT WILL NOT HAPPEN! TYPENEX HAS NEVER YET ONCE SOLD SHARES AMOUNTING TO $32,500 IN ONE SINGLE WEEK, LET ALONE MULTIPLE WEEKS!

Example 1: (Seth Shaw's outlier week!), Week Ending on Feb. 27, 2015. VWAP = .0099 Share Trading Volume = 26,223,343
(i) 10% X 26,223,343 = 2,622,334 shares
(ii) $15,000 divided by .0099 = 1,515,152 shares
The greater of the two outcomes was the first option, 2.6 million shares, which were transferred to be sold by Typenex.

Example 2: Week Ending on April 10, 2015. VWAP = .0086 Share Trading Volume = 12,909,232
(i) 10% X 12,909,232 = 1,290,923 shares
(ii) $15,000 divided by .0086 = 1,744,186 shares
The greater of the two outcomes was the second option, 1.7 million shares, which were transferred to be sold by Typenex.

Example 3: Week Ending on May 15, 2015. VWAP = .0056 Share Trading Volume = 16,976,300
(i) 10% X 16,976,300 = 1,697,630
(ii) $15,000 divided by .0056 = 2,678,571 shares
The greater of the two outcomes was the second option, 2.7 million shares, which were transferred to be sold by Typenex.

The mathematics driving the process is concise and simple! As with most binding contracts, contrary to what some might like investors to believe, the Settlement Agreement is a legally binding contract and "THERE IS NO ROOM FOR INTERPRETATION"! If you think so, contact the judge. who oversaw and approved the Settlement Agreement!