Well stated summary, which is clearly supported the by facts! In reality TAUG has NEVER been a "good" company, since Seth Shaw initially took over as the CEO in late 2012.
The ITL deal was his first fiasco that went nowhere, but the second was Shaw's hook-up with OTC scam artist, Bruce Harmon. Seth Shaw appointed Harmon as TAUG's CFO and invested TAUG shareholders' money in Bruce Harmon's bamboo scam, GNIN.
And don't overlook, Seth Shaw's adventure in tying up with the Breath "slug", Josh Kimmel! Not only was Shaw serving as TAUG's VP of Strategic Development, he was also simultaneously collecting a paycheck as Kimmel's VP of Strategic Development. Under Seth Shaw's "urging", TAUG invested in a joint venture with Breath. Despite Seth Shaw's wholehearted endorsement of Kimmel and Breathe, the company is now "history"! The TAUG shareholders were left "holding the bag", once again based upon another one of Seth Shaw's "NO DUE DILIGENCE" misadventures!
Seth Shaw (and Stella Sung) delivered multiple failures without delivering anything approaching a business success! There were roughly 350 MILLION Outstanding Shares when Shaw initially became the CEO. Today the Outstanding count is 1.8 BILLION SHARES, a FIVE FOLD INCREASE, meaning a 1.45 BILLION NEW SHARES, and the BALANCE SHEET SHOWS THE COMPANY HAS NO ASSETS!
TAUG's years under Seth Shaw should serve as a textbook description of shareholder dilution, i.e. NEARLY 1.5 BILLION NEW SHARES WITH NOTHING ZERO NADA TO SHOW FOR THIS CRUSHING OF THE TAUG INVESTORS!
AI
