Replies to post #32201 on Tauriga Sciences Inc (fka TAUG)

[Blackcat7717]

Rawman, you need to get your facts correct. Do you not rember this news release Dated July 29,2015. I am posting it to refresh your memory. The company alway's had at it disposal the ability to reverse split the stock to be in compliance.Enjoy the reading.

Tauriga Sciences

July 29, 2015 16:49 ET
Tauriga Sciences Inc. Granted 7 Day Extension by OTC Markets to Maintain Listing on OTCQB Exchange

NEW YORK, NY--(Marketwired - Jul 29, 2015) - Tauriga Sciences, Inc. (OTCQB: TAUG) or ("Tauriga" or the "Company"), a diversified life sciences company, today announced that is has been granted a 7 calendar day extension by OTC Markets to continue trading on the OTCQB exchange despite the Company's inability to file its Form 10-K for the year ended March 31, 2015 ("Form 10-K") with the Securities and Exchange Commission ("SEC") prior to 5:30 pm EDT today, July 29, 2015. If this extension had not been granted, Tauriga's common stock would have been moved to the OTC Pink Limited Information category at open of trading Thursday, July 30, 2015.

Currently, Tauriga has until 5:30 pm EDT on Wednesday, August 5, 2015 to file its Form 10-K with the SEC, otherwise OTC Markets will proceed to move the Company shares to the OTC Pink Limited Information category as discussed above unless granted an additional extension by the OTC Markets. The Company is taking all possible steps to file its Form 10-K prior to the August 5, 2015 deadline.

About TAURIGA SCIENCES, INC.:
Tauriga Sciences, Inc. (OTCQB: TAUG) is a diversified life sciences company focused on generating profitable revenues through its present and future holdings. The mission of the Company is to acquire and build a diversified portfolio of cutting edge technology assets that is capital efficient and of significant value to the shareholders. The Company's business model includes the acquisition of licenses, equity stakes, rights on both an exclusive and non-exclusive basis, and entire businesses. Management is firmly committed to building lasting shareholder value in the short, intermediate, and long terms. Please visit the Company's corporate website at www.tauriga.com

NON SOLICITATION:

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Any securities offered or issued in connection with the above-referenced merger and/or investment have not been registered, and will be offered pursuant to an exemption from registration.

DISCLAIMER:
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on TAUG's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which TAUG has little or no control. Such forward-looking statements are made only as of the date of this release, and TAUG assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by TAUG with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.

Food and Drug Administration Disclaimer: None of the statements contained in this press release regarding any of the products either offered or to be offered in the future by the Company have been evaluated by the Food and Drug Administration. Additionally, none of the products is intended to diagnose, treat, cure, or prevent any disease.

Contact Information

CONTACT:
Mr. Seth M. Shaw
Chairman and Chief Executive Officer
Tauriga Sciences, Inc.
New York City: + 1-917-796-9926
Montreal: [phone]
Email: [e-mail]

TIC TOC TIC TOC WHAT TO DO
BLACKCAT

[TJG]

TAUG was delisted because it had not maintained the required minimum .01 per share price over a very extended period of time.

This is not true.... as you can see by this PR from July 2015 we were dealing with the OTC regarding our 10-K being late. At that time we were not having an issue with the OTC regarding immediate delisting due to our minimum bid

http://m.marketwired.com/press-release/tauriga-sciences-inc-granted-7-day-extension-otc-markets-maintain-listing-on-otcqb-exchange-otcqb-taug-2043213.htm

If you go back and read the PR released on July 13th, before any information concerning Cowen was ever brought to light you will see where Seth Shaw address the issue of minimum bid. In particular the paragraph in bold. You can clearly see that your statement regarding our delisting being a direct results of not maintaining a minimum BID of .01 in July are false.



http://www.prnewswire.com/news-releases/tauriga-sciences-inc-appoints-mr-seth-m-shaw-to-positions-of-chairman-and-chief-executive-officer-and-ms-ghalia-lahlou-as-interim-chief-financial-officer-effective-immediately-300112018.html

NEW YORK, Jul. 13, 2015 /PRNewswire/ --Tauriga Sciences, Inc. (OTCQB: TAUG) or ("Tauriga" or "the Company"), a diversified life sciences company, today announced the appointments of Mr. Seth M. Shaw as Chairman of the Board of Directors ("Chairman") and Chief Executive Officer ("CEO") and Ms. Ghalia Lahlou as Interim Chief Financial Officer ("Interim CFO"). Ms. Lahlou will maintain her current position as Corporate Secretary ("Secretary") as well. The outgoing CEO, Dr. Stella M. Sung will continue to support the Company in the important role of Chairman of the Medical Advisory Board.

After the above-mentioned appointments, Tauriga's Board of Directors will consist of three Board Members in total: Mr. Seth M. Shaw (Chairman), Dr. David L. Wolitzky (Independent), and Hingge Hsu, M.D., M.B.A. (Independent). However the Company the expects to appoint a fourth Board Member in the very near term.

Mr. Shaw had previously served as the CEO of the Company from August 22, 2012 through February 26, 2014 and has been working with the management team in numerous capacities ever since. As its Vice President Strategic Planning since February 2014, Mr. Shaw focused his efforts on financing operations and managing relationships with the Company's institutional investors. Ms. Lahlou had previously served as the Company's Secretary and focused her efforts on completing the Company's PCAOB audits and filings.

This morning the Company has announced its intention to fully divest its natural wellness business within the next two months. In addition, the Company is actively evaluating several potentially lucrative acquisition opportunities. The Company will be working tirelessly to both restore and create shareholder value and looks forward to updating shareholders with respect to progress as soon as practicable.

At this time the Company is exploring potential joint venture partnerships and other types of strategic alternatives to unlock value from its Pilus Energy LLC ("Pilus Energy") subsidiary. The Company believes that Pilus' main patent, United States Patent No. 8,354,267 for WasteWater-to-Value Technology, is potentially valuable in the marketplace. There will be a strong effort made, on behalf of this management team, to successfully monetize this patent.

The Company also wishes to express to shareholders that it currently does not have any plans to reverse split the stock. However it must also be disclosed that the Company faces the prospect of being delisted from the transparent OTCQB exchange should shares of Tauriga not close above $0.01 per share for a period of at least 10 consecutive trading days on or before the close of business October 12, 2015. There are two ways to remedy this share price deficiency, each of which would enable the Company to regain compliance with the OTCQB listing requirements. The first of these two remedies is simply better performance in Tauriga's share price which would be driven by fundamentals and execution of business initiatives. The second of these two available remedies would be a reverse split, which could result in the Company regaining compliance with listing requirements. Management is focused on building the fundamental value of the Company and is hopeful that any type of reverse split will not be necessary. However it is impossible to predict future share price, so management would consider a reverse split purely as a last resort, if it meant avoiding being delisted from the OTCQB. The Company views its continued listing on the OTCQB as extremely important, because a delisting would preclude institutional investors from continuing to support the Company.