Loan, maybe you should email Seth or TAUG's attorney. I don't have any idea who you are or what your motives are and I don't care. But I tried to answer your questions the best I could. I don't have a copy of the paperwork I signed. I signed it and sent it in and I am pretty sure it was to accredited investors. I should have made a copy and will request a copy back. But I am not going to read every page anyway. I simply don't care. TAUG investment is a pebble in the dessert and was made mostly to help out.
I think TG went out of his way to try to answer you and he certainly doesn't have to be on a message board. I answered you and actually did know the placement was accredited investors. I did not know that it exempted D and did not care. I remember sending the placement around the end of March I think. My father looked at it much earlier, from a shareholder. I don't even think I had my first conversation with Seth until sometime on May.
As far as your opinion on the lawsuit, it is just that, an opinion. In fact, I am pretty sure all of the guestimates are not even in the same zip code as to the last offer by the insurance carrier. The fact that an ex Director of TAUG would even make such nonsensical statements and demand a lawsuit is settled before it was even answered leads me to the conclusion that if Berman did become the CEO of TAUG Cowan's lawyers would have had a lot of fun with him. If a DECN and TAUG merger did happen, no auditor in the world would sign off Berman's financials. A 2 yr proforma model was used it would have been just a tool to mask the BS in DECN financials. DECN would have been diluted and maybe TAUG stock would have had a bump, but the bottom line still would be sales.
You also seem to think Seth is in the Berman category. Seth's bread and butter is raising capital. He does not want to be a CEO and only became CEO to try to right the ship. I have known him briefly and can tell he is trying to do the right thing. Merging with DECN was not his idea, it was the idea of an ex Director. But had he done so he could have just walked away from this situation as it has been a anchor to him. But when the ex Director basically told him to screw TAUG shareholders and take care of himself with new shares he started having doubts. Then this nutcase sent him a text asking me to leak information. Seth and others started doing more due diligence on Berman and things just did not add up.
Since I met Seth he has been up here twice, and not primarily for TAUG. The CEO of VTGN son is here for a few months and we did a meet and greet. To give you the staggering potential of that company it could be a 50 to 75 times increase against current prices. This is based on what AGN paid for a similar drug that has to be taken through IV. This drug is oral making it much easier. In addition to that there are other stem cell pipelines. I am only interested in the depression indication similar to what Allergan bought. It is pretty common knowledge the terrible side effects of current depression drugs on the market.
I am not suggesting anybody run and buy this as bio techs still carry risk. They are starting phase II and the forward trials are completely funded by the National Institute of Health and have the top depression doctor in the US on board.
Seth also came up to do a presentation on a private company that he funded to get it started, KUDZOO. This company is growing subscribers in a demographic Facebook and Google are losing. This is a private company with no liquidity. But Seth has some of the biggest mutual funds looking to take a piece of the next funding. It could go nowhere or it could be a huge success. Seth has multiple mutual funds ready to buy round 2 and people like Richard Branson.
Circling back to the lawsuit, the actual malpractice itself would not have been that big of a deal. But the failing to notify and the possible conspiracy between the insurance adjuster, attorney and Cowan shareholders deciding not to answer any requests for Tauriga's work papers and the subsequent failure to deliver those documents. Defendants can tap dance and use every legal delay option available, but Cowan cannot tap dance around the Accountancy Board and has been put on notice that these charges are serious and this matter may be turned over to the Attorney General for prosecution. In my mind, there is only one reason for the insurance adjuster, the lawyer and the shareholders of Cowen Gutenski to fail to give TAUG's paper back, and this is to extort a lower expedited settlement.
As far as the actual lawsuit itself, it is amendable and I think a press release already intimated that amending is in progress.
Getting back to the placements, you did not list that accredited investors are an exemption, even though you now state that you knew that. But I would not call you deceptive. In fact, I like your posts except when you accuse someone of doing something they aren't. Everyone is not as experienced at research as you seem to be. You are correct on how the placement shares were issued. Rule 144 applies to selling by shareholders from my memory.
John
PS to any friend of our fruit loop ex director - I am still waiting for what I stated that libeled him.
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