Good question... I had not been in penny stocks for over 25 years. A good friend owned TAUG on the initial underwriting, asked me if I wanted in and I declined.
But when I worked for a market maker years ago in addition to traditional investments like mutual funds we would get involved in some IPO's. Once or twice a year we would buy penny stocks that did reverse mergers. Herbalife was the biggest, but many turned out to be very good. I would say half fizzled, but usually the concepts and business models were very good just management was not.
That friend above told me what happened with the accounting firm and the cover up and we decided to help Seth get back to a fully reporting status. Then we met Seth and admired what he was trying to do,
So first it was simply to help him out, but now I think if he pulls off a merge this could be one of the biggest winners I ever have had. And Herbalife was big. But, how many times do you start at less than one half of a penny average cost average.
From last year we have looked at a couple other situations from SETH, one we liked so much we bought the license for a State.
Also, if you really understood the BS that went into fighting a corrupt judge, the same applies here with Cowan Meyler Herzog and Berman...all scumbags... Don Cowan, maybe that is a little harsh but he made most of these bad decisions knowing they wre against the rules and would hurt TAUG shareholders.
They wanted SETH to put TAUG in bankruptcy as a result of their mistake...need I say more.
