Since July 31, 2015 -- Tauriga has not had the ability to raise capital
Seth had to
1. Keep the Company alive
2. pay the normal course of business expenses including paying of the $54,000 Cherry Bekaert bill from 2014
3. Prosecute a Complex Federal lawsuit
4. Retain a new auditor and catch up on all of those delinquent quarters
5. try to launch some new business opportunities
All of this, with a stock delisted from OTCQB to OTC Pink Limited Info Tier with a stock price of approx $0.002 (until March 2016) and very very little trading volume
Not Fully Reporting -- No reliance on Rule 144
THIS SITUATION IS IMPOSSIBLE TO RAISE CAPITAL AND VIRTUALLY IMPOSSIBLE TO AVOID BANKRUPTCY
Seth raised the vast majority of the money from accredited individual investors at $0.004 and a little capital during August and November 2016 from Group 10. Without this money being raised, the Company would not have completed its efforts to become fully reporting again and would not have been able to pay for experts that are requisite for the lawsuit
To post things on this Board, basically ignoring the severe obstacles that Seth faced since July 31, 2015 is highly dishonest. This was an impossible situation, and Seth did a magnificent job
Seth also has a strong personal relationship with Group 10, so Seth did what he thought was best in response to an impossible situation.
The Group 10 Notes are dilutive to an extent, but not toxic at all. And once again, if Cowan Gunteski had not put the Company in this asteroid sized crater, then none of these Notes would have been necessary and this will be made crystal clear at Trial. So let me ask you, If you were running TAUG from July 31, 2015 till today, what exactly would you have done?? tell us!!
The stock price has hung in their. the daily volume has increased since December 6, 2016 (when the Company regained fully reporting status) and clearly the stock price would not be relatively stable where it is, if this were really so toxic.
To try to second guess every decision that Seth has made since July 31, 2015 under these atrocious circumstances, is incredibly arrogant and unacceptable.
Its not a joke and its not a game, if TAUG had not been able to fund all of these things, then there would be 0 chance of TAUG making it. Seth faced a tremendous number of problems directly caused by the despicable conduct of Cowan Gunteski and he did the very best he could. And all in all, the Company achieved quite a bit and with any justice whatsoever, will be awarded MILLIONS (so richly deserved) as a result of the federal litigation.
So I ask once again, what would you have differently since July 31, 2015??????????
