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

Re: Johnny_C post# 43056

Thursday, 12/14/2017 3:26:02 PM

Thursday, December 14, 2017 3:26:02 PM

Post# of 54031

Last I checked TAUG netted 2 million dollars, Seth is the CEO therefore an employee and he invested $300,000 of his own money in the company at prices over 50% of what the market price was. He could have easily bought those shares at a discount and he certainly could have given himself a pay for the last 24 months.



The bulk of the post is light on reality!

1. TAUG DID NOT "NET" $2,000,000 for the shareholders from the Cowan settlement. TAUG "GROSSED" $2,000,000 for the shareholders from the Cowan settlement! There is a vast difference between the two numbers! The NET AMOUNT is what is left after subtracting all of the direct and indirect costs from the GROSS AMOUNT!

The TAUG investors paid x-amount in the form of shareholder dilution, accounts payable, and cash to x-number of service providers and so forth! As indicated, IMO, these "outflows" were in a range similar to the ultimate "inflow", suggesting Seth Shaw spent approximately $2 million to get $2 million! Hell, I will even give Seth Shaw the benefit of the doubt and say "Shaw only spent $1.5 million to get $2 million", while essentially sitting around, watching the attorneys and accountants do their thing for two years! To somehow conclude TAUG is $2 million "AHEAD" as the result of chasing Cowan is ludicrous! Check the Income Statements for the last two years! How much flew out the door, will TAUG was at a standstill, when it probably could have been resolved in early 2016! Seth Shaw was on another one of his quests for a Pot 'O Gold, but once again, it did not happen! (See ITL, GNIN, Pilus Energy, Eischens, and so forth!) For two years there was basically nothing to do, other than chasing more highly dilutive funding to pay the lawyers' and accountants' invoices, amongst all the other TAUG bills!

2. The poster might want to have a heart-to-heart with his pal, CEO Seth Shaw! THIS WILL LIKELY BE A REVELATION, BUT TAUG HAS NO EMPLOYEES! For proof, just take a quick gander at any of the last two years' quarterly reports (SEC Form 10-Q or 10-K)! TAUG has employed TWO "CONSULTANTS" WHO BASICALLY WORK FULL-TIME! First it was Seth Shaw and Gahlia Lahlou, but more recently, with Lahlou departing, she has been replaced as one of two consultants by the newly appointed CFO! Again, check it out with your buddy Seth Shaw! BTW...when you and Seth are chatting, how about asking if he has received any commissions related to the financing deals that he has set up for Tauriga Sciences? I do not know if Shaw has or has not received any TAUG-related financing commissions, during his 5 years with the company, but I am skeptical!

3. Since Seth Shaw is "officially" a CONSULTANT and TAUG, contrary to Shaw's public commitment, has never filed his compensation plan with the SEC, it is difficult to determine just how much Shaw has been paid or has accrued! For certain he paid himself 37,000,000 TAUG SHARES on March 30, 2016! Yep, an 8-K was filed and this fact is also in the quarterly report!

It is interesting that a purported Seth Shaw BFF, confidant, and "in the know" Company paid consultant is so short on the "real" facts related to TAUG.