When Seth became CEO of Tauriga in July 2015, The previous CEO had left him with vertually no cash and what the company did have had to be spent on the proxy to amend authorized. Sethie didn't add to the desperate cash position. So, no he is still overseeing a big fat loser.
Just days after Seth became CEO the Pcaob censure came out and the company was delsited on July 31 of 2015 The company has never been delisted. The stock has never stopped trading. This is a very, very weak argument in the lawsuit. The stock stunk before the lawsuit, it still stinks.
Seth had to raise hundreds of thousands of dollars to settle Company debts, most notably cherry bekaert and pay for the significant audit and accounting bills associated with catching up on filings and of course Paying legal bills to the lawsuit Who hired Cherry Bankaert? Seth and the BOD, each and every year. Cherry did work and wanted their money. When Sethie didn't pay them, they sued. Another weak part of TAUG's lawsuit is the allegation of collusion between Cowan and Cherry. That allegation is comical.
Haven't we established that Seth had to keep the company afloat in light of what happened the past 18 months. And blaming Seth for "no cash" is very misleading and IMO highly inappropriate. No, nothing has been established, except for who is passing embellishments and worse. That HAS been established.
All posted in red, JMO.
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