CEO Seth Shaw can blow all the smoke he chooses, but the facts are clear! The gum business is a disaster. The gum business has produced a meager $861,318 in net revenue over the last 45 months. Conversely, TAUG has absorbed $10,027,061 in losses from operations over that same 45 months. Yes indeed, $861K in net revenue and over $10 million in operating losses, which will require over $9 million in future profits for the chewing gum to break-even! Just for grins, what's TAUG's biggest operating expense item? It is not marketing or research and development! G&A by far outstrips any other expense category. Guess what. G&A includes salaries and consulting fees. Yep! Shaw continues to receive his truckload of compensation, despite TAUG getting whacked with losses for the last 10 years! What's more, the G&A line more than doubled, when comparing the first 9 months of fiscal 2022 vs. fiscal 2021. Unfortunately, CEO Seth Shaw CHOSE to forego providing an Annual Report for fiscal 2022. The report should have been transmitted to the SEC as of June 30, 2022!
No CBD advertising, while awaiting Federal legislation to legalize cannabis? Oh really????? I suggest Googling "CBD Advertisements"! The ads promoting CBD are all over the various forms of media! Most folks now understand that CBD, minus THC, is already very legal and can be sold via interstate commerce. Wanna see real problems for TAUG? Just wait until there is chewing gum, coming from the big, well financed players, which is laced with CBD and THC or just THC!!!
AI
