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plutoniumimplosion

02/19/17 2:32 PM

#36965 RE: loanranger #36964

In fact, I think an erroneous theory you put forward was That TAUG was in on the the entire thing with Cowan.

I don't believe that, but like another fine American who also miscalculated, IMO Sethie and his consultant miscalculated and wrongly believed that their Cowan situation was a "crisis that was too good to go to waste." Embellishment of a lawsuit against a 73 year old man, embellishment of his professional transgressions, embellishment of the real damages, and voila the TAUG self-dealing becomes a very, very profitable enterprise. I can come up with no other reason why there is a single minded focus on a run of the mill, happens 100 times a year, here there and everywhere, lawsuit. But for the big embellishment scheme to have worked, Sethie and the consultant had to paint a picture of a grand conspiracy where Cowan wasn't just a professional corporation providing services, and Mr. Berman, who accepted a TAUG invitation, wasn't just a fellow looking out for his own company. There was this huge conspiracy to take down TAUG.

But, but, but... Mr. Emanual, the original author of that statement has become the laughing stock and tragic Mayor of Chicago, and Sethie has become the laughing stock and tragic CEO of TAUG. And what of the consultant? Well, there are plenty of scam companies on the Pinks.

And what will TAUG shareholders benefit from this? TAUG is slipping into a deep chasm of debt, hyper dilution and a lack of a real story. What exactly did this grand conspiracy rob TAUG of? The answer is almost nothing. And that sucking sound you hear whenever someone looks up the TAUG PPS, is TAUG swirling down the drain.

The mighty TAUG has no cash, no office, no employees, no management team, no products (and that scam continues). In fact nothing that would make TAUG look like a "real" company. But TAUG does have a naive rubber stamp BOD, a CEO with a checkered past where stock schemes and shanigans are part of his DNA. And TAUG has a consultant calling the shots who spent some time in jail for threatening children and a superior court judge. Its almost time for the "boys" to get out of Dodge, poorer but no wiser and leaving behind 5,000 bagholders.

All IMO.
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Johnny_C

02/19/17 2:45 PM

#36966 RE: loanranger #36964

1. Stating that the lack of independence benefitted Cowan and Tauriga is absurd, it was a mistake. That mistake, and Cowan's subsequent actions have not benefitted anyone. Just like stating the Pilus was a scam, the lawsuit has no value and the rules do not state that an auditor has a duty to communicate to a client a breach of independence as soon as possible is absurd,stating that this mistake benefitted the auditor or Tauriga is absurd. It has probably caused Seth more stress than he has had in his entire life. What else is absurd is insinuating that Seth has a quid pro quo arrangement with Group 10. The whole mitigation angle is absurd as well, and as this case unfolds that will become evident.

2. I do not have restore credibility. just like I did not have to show the rules that some stated erroneously did not exist I don't have to tell anyone Indont know on here why TAUG is not a shell. IF it isn't enough for you to believe a long time Securities attorney I would suggest you dig into the rules a little deeper. You could have easily found the rules of the New Jersey Board of Accountancy, through the AICPA rules, which also the PCAOB and SEC rules insofar as auditors. Looks like I was well served having a very good friend that not only was a lead auditor on an audit committee of a company that does over 15 billion in sales, but also spent 10nyears auditing public companies.

3. Sure I will ask.

4. Do you know how the product came about. maybe distributors want it white labeled. maybe distributors have input from retailers on colors of packaging, caps and labeling. I know in our stores the few things that are white labeled have whatever branding my father wants on them.

5. Yes, I am surprised you are speechless. Samples are for company use only as various sizes and containers are being evaluated. The product is effective, I believe there is a demand for it and I will certainly assist the COMPANY as much as I can with distribution outlets in addition to the ones they already cultivated and lined up. If the product launches in the second quarter it will be a great achievement.

I don't think the company would have taken any effort away from the lawsuit or a potential M&A unless all signs pointed to a very good result. You never know unless you try though right. What is it Gretzky stated, "you miss 100% of the shots you don't take".