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

Re: loanranger post# 44514

Thursday, 02/15/2018 8:37:44 AM

Thursday, February 15, 2018 8:37:44 AM

Post# of 54032

Even that won't solve the problem. Based on the 10-Q numbers:
Investment trading securities = 357,913
To avoid the inadvertent investment company designation they would need to have ~$900,000 in non-cash assets.


Sorry to "correct", particularly when the correction is in favor of CONSULTANT CEO Seth Shaw, but here goes.

If the investment securities are valued at $357,913, this amount can be no higher that 40% of the TOTAL NON-CASH ASSETS, which would include the investment securities. Basically, $357K is 40% of X. In this case X is $893K, meaning "other non-cash assets" must be $535,000 or greater, i.e. $893K - 358K As of December 31, 2017 the $535K was the amount of non-cash, non-securities assets that would have been required in order to avoid being deemed an "investment company" and subject to all the rules and regulations governing investment companies!

The value of the investment securities has shifted since December 31, but, depending upon how Shaw spent the $192K on electric vehicles, it is likely there is still close to enough Balance Sheet cash available to purchase the needed additional hard assets. There have been announced loan payoffs and expenses of operation, which have further depleted the cash. Also the investment securities, including VTGN and "goofy coin" are a moving target and we don't yet know the details of the electric vehicle investment. Of course paying cash to acquire the needed hard assets would put TAUG back to somewhere in the neighborhood of a ZERO CASH BALANCE situation. No problemo, as we know, CONSULTANT CEO Seth Shaw has never been opposed to toxic debt financing when needed to address "his" issues.

Who thinks there will be a share buyback before April 30, 2018????? IMO....NOT A CHANCE!!!!

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.