Tao Synergies Inc (TAOX)

[Battle Ready]

Agreed!!!

This deal looks insane if I'm understanding it correctly, whereas a straight stock and warrants purchase carries the downside risk, they've mitigated the downside by going the preferred stock route and jumping in front of everyone for payback in the worst case scenario. I don't see where they are taking ANY risk given the company's cash position and low burn rate, and they are rewarded massively on the upside...

Why did the company need to do this at this point in time?? This deal is for a company that is about to fizzle out of existence due to a lack of cash... What about the fiduciary responsibility to us shareholders???

There should be some legal recourse for us shareholders, I would hope...