InvestorsHub Logo
Followers 2
Posts 66
Boards Moderated 0
Alias Born 12/03/2012

Re: Blackcat7717 post# 2024

Thursday, 06/20/2013 12:33:22 PM

Thursday, June 20, 2013 12:33:22 PM

Post# of 54032
Blackcat--you again misrepresent the facts

The contract between TAUG and ITL was made public. I have read it and also read the court documents. There is no clause in the contract that required milestone payments. There was a clause that said that funds would be transferred to ITL as soon as raised and that only a small percentage would be retained. There was also a clause that said that TAUG would pay $2 million upon Thai FDA approval. TAUG did not meet it's obligations under the contract and now lost the exclusive license.

Now if TAUG actually made a contract that required FDA approval and publication as a condition to make more investment, this may be a good idea now. But that is not what was signed earlier. So I am suggesting to tell ITL that we will invest $2 million as soon as the FDA hold is lifted and we want the right to make this public. That would be a hot press release and a great investment.

Good luck to us, maybe others have better ideas on how to make enough value to cover this dilution? I gave my opinion. Am finished now unless you give more false or misleading info.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.