InvestorsHub Logo
Followers 75
Posts 13313
Boards Moderated 0
Alias Born 04/10/2013

Re: Johnny_C post# 42493

Sunday, 11/12/2017 11:28:20 AM

Sunday, November 12, 2017 11:28:20 AM

Post# of 54032

You do realize Silverberg was already a pay as you go


OMG...DOES TAUG'S PAID CONSULTANT READ ANYTHING???? After the far "less-than-promoted" Cowan settlement, it appears TAUG's consultant has reverted to "denial"!

Only yesterday, using verbiage spewed directly from CEO Seth Shaw, it was proven that Silverberg's compensation was modified from "pay-as-you-go" to a "partial contingency"! The proof, along with links, was posted on this IHUB Board!

THIS "PARTIAL CONTINGENCY PAYMENT" WILL IN FACT COME OUT OF THE COWAN PROCEEDS!

BTW...the "partial contingency" agreement came about because TAUG had NO cash to continue the announced "pay-as-you-go" plan! When the "partial contingency" was in fact put in place, Silverberg effectively went from "pay-as-you-go" to a traditional formal contingency arrangement for all future services rendered! Get it? Part was already paid with cash and the remainder was to be done as a percent of any proceeds out of the outcome, thus a "partial contingency"!

Interestingly, despite Nixon, Peabody jumping into the fray, there never ever was an announcement that Silverberg had been "canned", plus there was never an announcement that any part of the "partial contingency" arrangement had been rescinded! From the courts perspective (please check PACER), the Silverberg firm continues to be one of two attorneys-of-record as of today! Given this fact, it is probably safe to conclude that Paul Silverberg will be receiving his "full share" of the case's proceeds!

Of course this sort of "oversight" would not be out-of-character for CEO Seth Shaw! For proof to support this contention, taken directly from Seth Shaw's past, please check out Shaw's two differing PR announcements related to the Pilus Energy divestiture! OH WELL, WHO CARES, IT'S ONLY THE SHAREHOLDERS' MONEY!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.