Who are you suggesting is "dumping boat loads of stock?"
I will proffer an answer! CEO Seth Shaw's institutional investor buddies who are "dumping" their shares that are products of the 50% to 75% per share discounts, based upon Shaw's cleverly negotiated convertible debt agreements!
Seth Shaw's institutional investor pals continue to get richer off the TAUG shareholders, thanks to Shaw's completely BS business adventures!
Financiers? Anyone who got shares as payments? Or are you going to try and tell us this is all RETAIL dumping? Oh...wait...it must be someone "shorting", right? ROTFLMAO
There was this in the recent Q... "During the six months ended September 30, 2017, the Company issued 795,461,981 common shares to holders of convertible notes to retire $346,200 in principal and $59,555 of accrued interest (at $0.00035 to $0.0012 per share)." Gee ...if I got shares at .00035, I would be happy to dump in the .0005 - .0007 range.... I'd be laughing all the way to the bank. Do you think they are?
Then there was this... "Subsequent to September 30, 2017, the Company issued 75,000,000 common shares to a consultant under a consulting agreement as well as 247,521,032 shares were issued to convert principal and interest under convertible notes outstanding." BSeth didn't tell us what those 247,521,032 shares converted at...probably too embarrassed... But you know it had to be pretty low considering where the share price has been.
Then of course, there is the "consultant".... Now he tells us his shares are restricted....and that he has never sold a share... But then, he tells us lots of things...never provides proof though.
"During the year ended March 31, 2017, the Company issued 197,000,000 shares of common stock for services rendered and to be rendered which is reflected in stock-based compensation. Value represents contracts entered into with various consultants, with the grant date fair value amortized over the life of the contracts."
"During the six months ended September 30, 2017, the Company issued 57,750,000 shares of common stock for services rendered and to be rendered which is reflected in stock-based compensation. Value represents contracts entered into with various consultants, with the grant date fair value amortized over the life of the contracts."
How many "consultants" is TAUG paying? Do they all get this deal? "In connection with some of the consulting agreements and board advisory agreements the Company has entered into, as the following clauses are part of the compensation arrangements: a) the consultant will be reimbursed for all reasonable out of pocket expenses, b) to the extent the consultant introduces the Company to any sources of equity or debt arrangements, the Company agrees to pay 8% to 10% in cash and 8% to 10% in common stock of the Company of all cash amounts actually received by the Company and 2% for debt arrangements, and c) the Company, in its sole discretion, may make additional cash payments and/or issue additional shares of common stock to the consultant based upon the consultant’s performance. The Company recognized $294,439 and $503,756 in stock based compensation expense related to these agreements in the three and six months ended September 30, 2017 compared to $161,325 and $305,909 for the same period in the prior year."
Good to know that the financiers and the "consultant(s)"/"board advisors" are making money at the expense of the shareholders, eh????
Dilute the shareholders into oblivion...
While the "consultant" that we know about is telling stories of "20 million or MORE" etc. Now that story is dead... On to the next story... TAUG is going to do an AWESOME RM with a company like some unnamed entity "I suspect the Board took this cash settlement because the opportunities Seth has outweigh the potential further delays and costs. I will again state, early this year we were involved in a reverse merger that was consummated for about 2 mil cash and could easily do 500 mil in sales within 3 years, if not more. Chew on that Game Set Match taug"
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