The problem is that they have no revenue almost no cash and currently have no products being marketed. All of their past ventures ended in failure--ITL no longer owned by taug and it is a sham company that turned out to be worthless and run by a person who had been a convicted felon---Pilus no longer owned and it never carried out the testing that was supposed to be done to make it into a viable source of extracting energy from waste water --no testing was ever completed and company went nowhere---their Wellness product venture failed and is no longer owned by taug---many other failed ventures---also they are now in litigation against an audit firm,Cowan, who allegedly were negligent in their work which caused taug to have problems with its financial filings. This is currently the only possible source of income for taug but this will occur only if they win the case and so far it looks like the trial if case is not settled will be a long way off and it is not a given that taug will win. Read the prior posts on this board for more details.
It still is a good play IMO, the recent price drop may benefit shareholders in a big way. Court date Monday and I bet trial will be 90 to 120 days after Discovery deadline of May 15th.
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