Another wonderful day in the TAUG neighborhood. Several weeks out from the lawsuit settlement and the stock has gone down 25%. And Mr. Berman is under full attack again. Yet when an unimpassioned observer looks at TAUG, he sees: No cash, no assets, no employees, no product, no management, no office, no business phone number, a rubber stamp BOD, and the tripz now looks permanent.
Yikes, could the TAUG detractors have been right from the beginning? Perhaps Seth Shaw is not a saint, and perhaps the paid consultant had another agenda? Perhaps all of the potential M&A partners are just knocking the TAUG door down ... except, except, TAUG has no door to knock down. TAUG is trading for exactly the insurance settlement.
What are Seth Shaw and the BOD and the paid consultant going to do when the M&A opportunity ends up being with a start-up and the split ends up being 90/10?
