Saturday, February 17, 2018 4:08:10 PM
We all know that Tauriga has a lot of shares outstanding -- which was a result of default penalties, liquidated damages, and conversion resets during 2015, 2016, 2017
You reference to "unsuspecting shareholders" is non sense
Tauriga has fully disclosed its transactions and anyone who wishes to sell their shares (because they may disagree with management) has the right to do so
Perhaps the Company felt is was better to take the risks necessary to enhance the balance sheet rather than be forced to throw a Hail Mary with the net cash position.
There are no guarantees that it will work. NONE. -- And yes, the strategy is inherently risky - In my opinion less risky than trying to make a high enough quality single acquisition with the exact resources available to the Company after the obligations and debt repayments were deducted from $2,050,000
The CEO has plenty of skin in the game (approx $300,000 invested personally at higher prices - $0.00125) and I can assure you that his interests are squarely in building shareholder value.
Without Seth's hard work and personal capital contributions, there wouldn't even be a balance sheet to discuss on this Board. There would be a worthless and bankrupt company. Let's make this point abundantly clear. And the notion that Tauriga settling for a few hundred grand in early 2016 (as a better solution) is utter hogwash. And a truly flawed contention
As for you comment "How much cash is left"
Because Tauriga has only bought registered securities, the cash and marketable securities can be combined at any given time. The Warrants are great, because even Tauriga chooses to liquidate a position, there is still potential upside long term.
Lastly if someone feels they could do better or could have done better since July 9, 2015 -- then that individual could have shown up at either special shareholders meeting and tried to rally the votes to vote Seth Shaw out as CEO. SOMEONE can still try that approach now. go for it
Im sure it was very easy to run Tauriga over the past 2 1/2+ years. It's so easy - why doesn't someone else actually try it
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