Replies to post #40240 on Tauriga Sciences Inc (fka TAUG)

[loanranger]

"Seth paid for those 37,500,000 shares during March 2016 (by forgiving the cash reimbursements owed to him at that time) -- read the bottom section of the Form 4

Read the green print in "Explanation of Responses" Section"

I guess a half truth is better than no truth at all:

"( 1 )The Reporting Person received these shares from the Registrant in consideration of the Reporting Person's service as its Chief Executive Officer and as Chairman of the Board of Directors*** as well as for expense reimbursement for which the Reporting Person has advanced the Registrant in the amount of $24,714.86. All such shares are "restricted securities" as defined by the Securities Act of 1933, as amended."



Based on the share price on the 3/30 transaction date provided on the Form 4 the approximate allocation of the 37,500,000 shares would have been 25M for compensation and 12M for "forgiving the cash reimbursements owed to him at that time".

The Executive Compensation table on p. 29 of the 10-K indicates that Seth Shaw received $128,873 in Salary, $0 in Stock Awards and $8,500 in All Other Compensation in the year ended 3/3/17. Which of those reflects the shares received "in consideration of the Reporting Person's service as its Chief Executive Officer and as Chairman of the Board of Directors" and in what amount? Where can I read the terms of Seth Shaw's employment agreement the terms of which I assume were the basis for the share issuance?



***Compensation for Board service? Per the 10-K the company doesn't do that for employee Directors:
"We do not pay employee Directors for Board service in addition to their regular employee compensation."

[rawman]

It also seems...Seth has never given up and continues to fight hard so that the Company has a chance to win the lawsuit and move forward to build a solid future.

He deserves credit.

Just like he deserves "credit" for screwing the TAUG shareholders over with his boneheaded moves from late 2012 thru early 2014!

SETH SHAW DID LITTLE OR NO DUE DILIGENCE RELATED TO ANY OF HIS VERY CLEVER BUSINESS INITIATIVES STARTING WITH ITL, THEN MOVING ON TO GNIN, PILUS ENERGY ($2,000,000+ out to the shareholders' pockets), BVAP, EISCHENS, THE SINGAPORE BS, and MORE! Oh, and there was also the toxic financing deal with JOHN FIFE AND TYPENEX! But, LOL, the TYPENEX disaster was "not" Shaw's fault, he just signed the financing contract on behalf of TAUG!

And then to even claim VP of Strategic Development, Seth Shaw, had nothing to do with "WELLNESS" is complete BS! The Doc Green's arrangement was announced 3 weeks after Seth Shaw resigned the CEO position to move to the VP of Strategic Development position! What is Strategic Development, if it is not chasing new business opportunities? Stella Sung did not discover Doc Green's and do a tentative deal in 3 weeks, without Seth Shaw lurking over her shoulder! And isn't it instructive to note, Seth Shaw finalized the $2+ million Pilus Energy acquisition, which turned out to be "more crap against the wall that did not stick", then one month later decided he no longer wanted to be a TAUG "affiliate", which is convenient, if one does not want to report personal company stock transactions! So Seth Shaw does a multi-million dollar deal and 30 days later he walks from the responsibility to oversee the integration of HIS acquisition! WHAT A GUY!

Seth Shaw's ego clearly has tough time dealing with HIS reality, but all of the above is HIS reality!