Friday, November 10, 2017 2:47:45 PM
Factoring in the "PARTIAL CONTINGENCY" legal fees from TWO DIFFERENT LAW FIRMS and something around 2 BILLION NEWLY OUTSTANDING SHARES, TAUG probably landed about NET EVEN to where it was in the summer of 2016! Rest assured TAUG does not now have two million bucks to spend!!!
The whole litigation exercise was a complete waste of time and money!
Even TAUG's paid consultant constantly carps about "lost opportunities"!
Would these "opportunities" have been "lost" had TAUG settled for a few hundred thousand in early 2016? Since early 2016, all Seth Shaw has done is continually fritter away TAUG's shareholder value! In mid-2015 the company showed 1 Billion Outstanding shares! Today there are roughly 3 BILLION OUTSTANDING SHARES, a three-fold increase, FOR WHAT???!!! WHY?
It is a simple answer! Just another under evaluated TAUG initiative, leading to Seth Shaw torching the shareholders chasing a highly speculative "unearned" windfall! In this context the Cowan debacle very clearly parallels several other expensive Shaw debacles, such as GNIN, Pilus Energy, etc., doesn't it?
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