I can't help wondering whether, back when Keith Berman was a Director for Tauriga for a few weeks, he suggested to Seth Shaw that if he published an 85 page long 10-K then nobody would actually bother to read it.
Because that's what Shaw did.
And Shaw had Exhibits that he needed to add to that.
Director Berman has been using that ploy for years to render his financial reports unreadable by mere mortals. His latest 3-part Annual filing is a perfect example:
There's a 20 page "Management Discussion and Analysis - OTC PINK 2018 ANNUAL REPORT MANAGEMENT'S DISCUSSION & ANALYSIS"
There's a 17 page "Annual Report - OTC PINK 2018 ANNUAL REPORT BALANCE SHEET FINANCIALS SCHEDULES AND FOOTNOTES"
And there's a 62 page "Supplemental Information - OTC PINK 2018 ANNUAL REPORT SUPPLEMENTAL INFORMATION"
The thing is that not only does that last report include ALL the OTC reporting requirements, it also repeats EVERY ONE of the 30+ pages of actual content that appear in the other two reports. So the Supplemental Information Report is the ONLY report that required filing.
There are more than a few examples of the inclusion of information that has been reported many times before and is no longer required. For example OTCMarkets asks companies to "List below any events, in chronological order, that resulted in changes in total shares outstanding by the issuer in the past two fiscal years and any interim period." Berman provides those details for the last SEVEN fiscal years.
I hope no one thinks that these things are done in some kind of effort to be super-transparent. They aren't. All the superfluous and duplicated information can only be provided for one reason...to discourage readers from even trying to wade through it all.
This Company has apparently caught on to the trick. Does it take 85 pages to report the activities of a company that has generated $57,134 revenues in the reporting year and has "a total of two persons devoting substantially full-time services to the Company under consultancy arrangements"? Or is this Company just trying to discourage you from reading the details?
How many TAUG investors read the latest 10-K?
But can it core A apple?
Yes Ralph, of course it can core A apple.
