TAUG's December 31, 2017 CASH BALANCE was just over $700K. After subtracting all of the known loan payoffs, equity investments, cash commitments, and "speculated" other expenses, since the first of the year...
THERE IS NO PRAYER IN THE WORLD THE "ANNOUNCED" $150,000 SHARE BUYBACK WILL EVER OCCUR DURING THE SPECIFIED 6 MONTH TERM!
The CASH is far too precious for CONSULTANT CEO Seth Shaw and his business whims!
AS POSTED WHEN THE BUYBACK PR WAS DISTRIBUTED, "A SHARE BUYBACK WILL NOT ACTUALLY HAPPEN, BUT IT MAKES 'GOOD PRESS' WHEN ATTEMPTING TO PROP UP AND/OR SUPPORT THE TAUG SHARE PRICE"!
ELEMENTARY LOGIC ASKS, "WHY BUYBACK SHARES, WHEN THE SHARES ARE CURRENTLY FLYING OUT THE DOOR FASTER THAN THE PRINTER CAN PRINT THEM!" OVER 700,000,000 SHARES HAVE BEEN ADDED TO THE OUTSTANDING SHARE COUNT JUST SINCE THE COWAN SETTLEMENT WAS ANNOUNCED IN NOVEMBER 2017. THE 700 MILLION SHARES IS A 20% INCREASE IN OUTSTANDING SHARES AFTER COWAN SETTLED AND WAS COMMITTED TO DELIVERING $2,050,000 TO TAUG!
