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rawman

03/13/17 4:55 PM

#37161 RE: MD-420 #37160

Turns out the PILUS ENERGY PROJECT went "unfunded" shorty after Seth Shaw resigned as the CEO in early 2014. Of course this was never communicated to the investors! Then Seth Shaw started giving Pilus "lip service" when he re-took the CEO job in mid-2015. Most recently, TAUG dumped Pilus and essentially gave it back to Jason Barkeloo for pennies on the dollar!

IMO...Seth Shaw blew $2 million on the Pilus deal, because he chose to ignore and/or shortcut the due diligence needed to understand the commercial viability of the experiment! The process is still a hundred miles away from being commercialized (if ever!)! JMHO!