Replies to post #36862 on Tauriga Sciences Inc (fka TAUG)

[johnny8544]

Exactly so.

That's why IMO case will settle and for a mediocre amount.

[clearmont88]

There ARE MANY TYPES OF POTENTIAL DAMAGES

and your assessment is incorrect on many levels

A stock that loses its liquidity and loses its ability to raise capital based on Rule 144

or a company that is subject to severe default penalties (with respect to outstanding notes) and conversion prices because of delinquency in SEC Filing Status

Has suffered significant damage

Imagine this -- If Cowan had been honest and notified Tauriga about the malpractice (back in late 2014 when PCAOB was investigating this very issue -- see Meyler's Deposition)

Then Tauriga could have taken steps to prevent what occurred

Tauriga should not have been in the position in which it found out about the malpractice from the July 23, 2015 PCAOB Censure -- Cowan chose to conceal this info from Tauriga but had no problem sending invoices

Tauriga entered into 2 Notes, for example, without having any inkling that there was imminent danger of delinquency and inability to rely on FY 2014 Financial Statement audit that the Company spent more than $150,000 on

Cowan created this mess by being greedy and dishonest. In your eyes, there are no consequences for that??? That's pretty sad

[seifer1975]

Watch how wrong you turn out to be. If what you say is true there would have been a motion to dismiss based on no damages. If what you say is true then there would have been a summary judgment motion filed.

I wouldn't be surprised if both sides have had professional appraisals done. There are damages and making a simple observation no business no damages is absurd. I would say it is as absurd as Decn producing 17m of revenue from start up distributors in Bolivia.