OMG...Check the SEC Form 3 and Form 4 filings! And of course, as would be expected when providing information of this sort, the filings were tranmitted on a FRIDAY AFTERNOON! Hopefully the shareholders will have "cooled off" by Monday!
Seth Shaw and his gang paid themselves a total of about 90.5mm TAUG SHARES! FOR WHAT? But, but, but...Seth Shaw's personal compensation is the furthest thing from his mind! Shaw himself received 37.5mm shares, the other Board members 8mm shares each, and Lahlou got 29mm for doing whatever! IT'S A "CRIME"! At today's share price of .008, the total bill, i.e. "dilution" for the shareholders, is a routine $724,000! FOR WHAT? Seth Shaw, CEO and neighborhood BS artist, using today's share price (.008), raked in a cool $300,000! FOR WHAT? It's a good thing TAUG has roughly a billion available shares, allowing Seth Shaw to pay himself and continue the lifestyle to which he has become accustomed! FYI...prior to today's bequest, Shaw was only holding 4.14 million shares, which is the equivalent of about $3300 at .008 per share. WOW!...now that's a big TAUG believer!
Since returning as the CEO, Shaw has accomplished nothing other than saying "no" to a law suit settlement, borrowing money, but less than he paid himself, and using it to pay attorneys and accountants, plus he gave away the Natural Wellness business! WHAT A STAR! In whose compensation book is all of this highly productive activity worth $300,000? And of course no one knows if any of the share recipients are also receiving cash compensation!
What a gig! Sit on a Board of Directors and decide how much you are going to pay yourself!
Their is one good laugh disclosed in filings! Our fellow iHub poster, TJG, again sold TAUG shares. This time he dumped 169,700 shares, amounting to a grand total of $500! Until today's GIFT of 8,000,000 newly minted shares, TJG was down to a total of 2mm shares, but only one million those had he personally purchased! And BTW...Board of Directors member, Thomas Graham, executed the trade more than two months ago on February 4, but was unable to report it to investors until today, because TAUG, perhaps "conveniently", had not paid the EDGAR filing bill! Of course who would even think of personally paying the bill in order keep the shareholders apprised of the Board members' stock transactions! WHAT A JOKE!
