I believe there was a 2015 note with the same penalty, I wouldn't be surprised if all of the notes by this company carried the same penalty. The 2015 note was pre disclosure of the censure I believe. I do not know for certain whether Meyler knew about the 2015 or when he knew about the note, I suppose at the trial we will find out how much input he had on the 2015 quarterlies after the PCAOB noticed Cowan in September of 2014. He should not have had any involvement.
While these types of notes and penalties are unfortunate, in the whole scheme of things they are not as harmful as has been made out. The 2016 note was at a time where some placements were done and the Company was under heavy pressure with filing fees, legal fees, SEC attorney fees, and the lawsuit attorney.
I don't know much about Group 10 but it does appear that they have financed TAUG a few times.
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