Tauriga Sciences Inc (fka TAUG)

[rawman]

OOPS!!! It appears Seth Shaw issued misinformation in the original PR, announcing the "sale" of 80% of Pilus back to Jason Barkeloo! Here's is the corrected amount, which was distributed a day after the original statement!

...due to inaccurate numbers relating to the warrants described therein. Specifically, and as defined below, Open Therapeutics directly owned warrants to purchase 28,917,647 shares of the Company's common stock rather than 77,303,529. As such, only 23,134,118 warrants rather than 61,842,119 warrants were cancelled as part of the transaction.

The actual amount received from Jason Barkeloo equates to roughly 35% of what was initially announced by TAUG. The Pilus debacle never stops! TAUG's actual receipt in the cancelled warrant transaction is about $140,000 on paper for an initial Seth Shaw investment of in excess of $2,000,000!

It is mind boggling to think that Seth Shaw can do a deal, thinking the value is $375,000 and then turns around a day later saying, "The transaction amount is less than half of my original statement!" Does Seth have any clue?