THIS WILL TANK, FOR THE FOLLOWING REASONS, PER STOCKWATCH:
Here’s what TAUG had as of December 31:
¦cash: $57 thousand
¦current assets: $109 thousand
¦current liabilities: $1.38 million
¦no revenue since inception
¦quarterly net loss: $1.6 million
Clearly, the financials are not convincing enough, but when you take a closer look at the document, you’ll spot some other issues. The number of issued and outstanding shares has increased by as much as 175 million over the last three months and there are still plenty of convertible notes that could cause additional dilution.
TAKE YOUR PROFITS NOW!