Monday, June 26, 2017 11:58:29 AM
THIS HAS GOT TO BE A JOKE! Someone is holding Seth Shaw's feet to the fire and Shaw is responding by benevolently distributing TAUG's meager cash resources!
TAUG HAS NO CASH TO OPERATE, SO SETH SHAW DOES A PRIVATE PLACEMENT, PROVIDING CASH TO SUPPORT TAUG'S DAY-TO-DAY OPERATIONS! A FEW DAYS LATER, SHAW GIVES GROUP 10 HOLDINGS A 50% BONUS BY PAYING $60,000 TO SETTLE A $40,000 CONVERTIBLE NOTE THAT WAS ONLY CONSUMMATED ON MARCH 31, 2017! THE QUICK MATH SUGGESTS THIS IS A 50% PROFIT IN JUST OVER 2 1/2 MONTHS! IF THE PROFIT RATE WERE ANNUALIZED IT WOULD BE OVER 200%! ON THE FACE THIS TRANSACTION IS COMPLETE BS! WHO IS SETH SHAW'S BENEFACTOR AT GROUP 10 HOLDINGS? TREMINIO, CESARIO,...??? WHY NOT LET THE LOAN CONVERT AFTER THE RESTRICTION IS LIFTED? THERE'S A LAWSUIT GOING ON, SO WHAT'S THE RUSH? THE $60,000 BELONGED TO THE TAUG SHAREHOLDERS! EITHER WAY YOU LOOK AT IT, i.e. CONVERSION OR NO CONVERSION, THE SHAREHOLDERS HAVE ONCE AGAIN BEEN "RIPPED"!
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