DOES EVERYONE REMEMBER THAT TAUG RECIEVED $2.05 MILLION VIA THE COWAN SETTLEMENT ON NOVEMBER 29, 2017? It was touted as a major win! Right? LOL! Check out reality!
Recall the posts about TAUG already running out of cash to support continuing operations! As of March 31, 2018, the cash position was actually worse than I had anticipated!
THE $2,050,000 FROM COWAN IS GONE!
TAUG'S CASH BALANCE AS OF MARCH 31, 2018 WAS $12,291! THAT'S IT! Isn't it special! CONSULTANT CEO Seth Shaw sat on his can, watching the attorneys and accounts chase Cowan for two years, collecting his compensation, and now the shareholders are looking at each other saying...
"I guess we are now blessed with highly volatile, extremely high risk stakes in VTGN, BLNK, AYTU, LTBR, and GOOFY COIN? Oh boy, oh boy! BUT WHY? Weren't we supposed to actually be in a sustaining "real" business by now?"
Aside from the remaining 12 grand, the only Balance Sheet Assets, as of March 31, are Shaw's extremely high risk marketable securities investments! IMO...the "threat" of being deemed a REGULATED INVESTMENT COMPANY WILL NOT GO AWAY ANY TIME SOON!
WHAT HAPPENS WHEN TAUG NEEDS CASH? CAN YOU SAY, "MORE HUGELY DILUTIVE TOXIC CONVERTIBLE DEBT"?
IN CONSULTANT CEO SETH SHAW's WORLD THE OLD IS CLEARLY THE PATH OF LEAST RESISTANCE!
