Tauriga Sciences, Inc. Fully Retires Original $96,000 USD 12.00% Convertible Debenture Issued to Group 10 Holdings LLC on July 14, 2015
Sounds like "Mission Accomplished!" to me. I call that taking credit.
Stating a fact might be more like "Group 10 Debenture fully converted" or even more factually "Group 10 $96,000 Debenture for which the company received actual proceeds of $80,000 and issued 15,000,000 commitment shares of common stock has been fully converted by the lender". That's the note that PURPORTEDLY carried a $1,000/day penalty that the company is trying to claim in the court case, isn't it? I say purportedly because I'm pretty sure that the terms of the note that imposed that penalty weren't filed until long after the penalty was asserted to be due....I'm not sure that the full note was EVER filed. It seems to have been asserted in some wacky filing with the NJ Board of Accountancy before the term was made public via an SEC filing, wasn't it?
Maybe I don't have that right either. Seems I can't find BOTH the NJ Board of Accountancy complaint that used to sit prominently on the Tauriga website (don't know why that would have disappeared) OR the original filing of the note with the SEC that reflected the default term asserted in the claim to the Court. Think you could link me to either of those?
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