As of December 31, 2017 the Asset line of the TAUG Balance Sheet showed Total Current Assets of $1,094,597. The Total Liability line was $551,853.
As of September 30, 2018, due in part to CONSULTANT CEO Seth Shaw's boneheaded high-risk securities trades, the Asset line of the TAUG Balance Sheet had fallen to Total Current Assets of $751,281, a decrease of nearly $250,000. The Total Liabilities on 9/30 showed as $334,238, a reduction of $217,615.
The following is the entire trading securities portfolio, as included in TAUG's 9/30 SEC Form 10-Q.
Vistagen (VTGN): 230,000 restricted common shares + 550,000 warrants with a strike price of $1.50 per share.
Lightbridge (LTBR): 213,672 common shares.
Paymeon (PAYM): 400,000 common shares that cannot be sold for a period 1 year.
Achieve Life Sciences (ACHV): 29,495 common shares.
Decision Diagnostics (DECN): 8500 common shares.
Here's how these securities were valued on 9/30/2018 and how they were valued after the market close yesterday, 12/20/2018. Did Shaw change the mix? Nobody knows!
Vistagen: 9/30/2018 - $333,500 12/20/2018 - 301,300 -$32,200.00
Lightbridge: 9/30/2018 - $213,672 12/20/2018 - 129,207.46 -$84,464.54
Paymeon: 9/30/2108 - $67,960 12/20/2018 - $38,000 -$29,960.00
Achieve Life Sciences: 9/30/2018 $92,909 - 12/20/2018 - $35,983.90 -$56,925.10
Decision Diagnostics: 9/30/2018 - $255 12/20/2018 - $146.20 -$108.80
If the above five listed equities remain on the TAUG Balance Sheet, the TOTAL EQUITY ASSET LINE HAS PLUMMETED FROM $708,296 to $504,638, A CRASH OF NEARLY 30%!
ASSUMING THE END OF SEPTEMBER HOLDINGS REMAIN, THE TAUG BALANCE IS NOT ANYWHERE CLOSE TO THE CLAIMED "GETTING STRONGER"! ALL OF THE EQUITY HOLDINGS ARE IN THE TOILET!
BTW...CONSULTANT CEO Seth Shaw did dump the "GOOFY COIN" position prior to September 30, 2018. Although the full loss was somewhat "masked", given the conversions to Bitcoin and precious metals, the "GOOFY COIN" LOSS ULTIMATELY TOTALED -44.1%!
AND THE TAUG SHAREHOLDERS ARE PAYING CONSULTANT CEO SETH SHAW TEN GRAND A MONTH FOR THIS SORT OF RIDICULOUS INVESTMENT MANAGEMENT PERFORMANCE!
AI
