The press release this morning in itself is a pure indicator of just how much of an effect the Cowan malpractice hurt this company.
The fact that due to their lack of following the rules, in particular the 5 year rotation rule. We had to pay on just this one note in interest and penalties. The expert witness report goes into detail on all of the costly issues we faced, but a $1000.00 a day penalty because we were no longer a reporting entity due to Cowan can not be disputed.
These numbers are in the filings and can be verified simply by reading the original note that is on file. A loan made by the previous CEO I might add.
What is significant here is that its these are the types of facts that the court and jury will rely on. They will not take into consideration anything said pro or con about the company or its management ( as we see here on a daily basis ) But rather the actual numbers and what their effect had on our ability to become a successful company with Seth back as the CEO. This note, this $1000.00 a day penalty should be where the focus of anyone who is invested in Tauriga should be. Because what was done to the company was in turn done to every shareholder out there. When a company has to pay this type of penalty due to someone else mistake, it means its shareholders have to pay it as well. Each shareholder who has had to suffer the loss is who we are going to court for. We will show to the jury just how each of them was effected by what Cowan did and most importantly DID NOT do.
There are no guarantees in any trial, OJ got off right. But simply based on the numbers alone, the facts speak for themselves. We are confident we will win this case. What will be awarded is completely out of our control. Our hope is the jury will see and understand however that the damage done to Tauriga did results in million of dollars being taken out of the company and its shareholders hands. $3.900,000.00 at the very least according to the expert witness report.
Thank you to all who have stuck with us and continue to support us. And to all who have come on board feeling we will bring value to their investment once this law suite is behind us as well.
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