Replies to post #22642 on Tauriga Sciences Inc (fka TAUG)

[5a335230204330306c]

This shows what he gets involved in.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90204654

[rawman]

BUT SAINT SETH WAS THE ONE WHO GOT INVOLVED WITH JOHN FIFE IN THE FIRST PLACE!
"On May 24, 2013, Tauriga Sciences, Inc. entered into a Securities Purchase Agreement with Typenex Co-Investment, LLC, for the sale of an 8% convertible note in the principal amount of $550,000 (which includes Typenex legal expenses in the amount of $7,500 and a $50,000 original issue discount)...The Note is convertible into common stock, at Typenex’s option, at a price of $0.06 per share. In the event the Company elects to prepay all or any portion of the Note, the Company is required to pay to Typenex an amount in cash equal to 150% multiplied by the sum of all principal, interest and any other amounts owing. The Note is secured by all of the assets of the Company.

The Typenex Settlement Agreement and the current agony of watching the share price fall, is only a symptom of the overall funding issues! It is "nice" to have no debt, but how did TAUG get to this position? The answer is pretty basic...by encouraging, even with some very significant financial incentives, debt holders to convert all of the debt to TAUG shares. This has been going on for almost TWO YEARS! Doing these conversions has caused the distribution of several hundred million shares to the "debt holders", such as Typenex! The list of parties to this sort of transaction is long! The net result is "no debt", but hundreds of millions of shares are now being traded in the market. It is OK to cheer "NO DEBT", but it is also right to understand that this accomplishment comes with significant shareholder consequences! In latter 2014 investors, via Dragoon Capital, provided $500,000 in private equity funding! This was done at .0125 per share. Are these Japanese investors "holding" or have they bit the bullet and are currently "selling"? If they've moved on, that represents another several hundred thousand shares being sold into the market. Again, Typenex is only the latest and most visible "large seller" depressing the TAUG share price. This also says nothing of the selling that has occurred as the result of "paying bills," i.e. using shares of stock in lieu of cash" and consummating acquisitions, such as Pilus.

Under the Seth Shaw regime the company has issued boatloads of new shares, including hundreds of thousands of shares just to provide INCENTIVES FOR FINANCIERS TO CONVERT DEBT TO EQUITIES! So one might then ask the "NO DEBT" promoters, "can anyone explain how this has actually helped TAUG and its shareholders?" Right now, the company cannot fund itself and no financiers seem to be rushing forward to provide ANY new money! The current share price is so low that any new (convertible) DEBT, if that were of interest, would not even be an option! To exclusively blame Typenex for the share price situation is "convenient," but no where close to reality!