A little over two years ago on March 17, 2014 TAUG closed at .0998, while hitting an intra-day high of .1075 and dropping back to .0991 on March 21, 2014. This high occurred seven days after CEO Dr. Stella Sung announced Tauriga Sciences' intention to merge with Honeywood. On February 27, 2014, the day Seth Shaw resigned as the CEO, the stock closed at .017, meaning the share price increased nearly 6-fold in the first 12 business days after Sung took over. At that point the writers posting to this iHub Board were ecstatic about the appointment of Dr. Sung!
Now investors are faced with a reality check! When TAUG's share price hit .10 in early 2014, there were roughly 500,000,000 million shares Outstanding. Today there are over 1 BILLION shares Outstanding, twice the count of 2 years ago, which means the market cap must double from the 2014 highs to over $100,000,000 for the share price to again reach .10! Today the market cap is about $6,000,000 and this "value" is completely unsupportable!
Winning a malpractice lawsuit against a former auditor isn't going move the market cap anywhere close to the oft mentioned .10 per share, i.e. a market cap of over $100,000,000 or even .08 per share, i.e. a market cap of over $80,000,000! Given TAUG's announced "500 day closing terms" related to any potential acquisitions, coupled with the fact that the Cowan litigation may not even be resolved until late summer or early fall of 2017, seeing even a $10,000,000 market cap, i.e. something approximating the "targeted" penny per share, could be an agonizingly long wait!
