Replies to post #44540 on Tauriga Sciences Inc (fka TAUG)

[rawman]

But it is great that TAUG has the right connections to buy into underwriting that have warrants attached which could potentially increase the return by huge percentages.

READ THE 10-Q THAT WAS FILED THREE DAYS AGO!

The above supposition further positions TAUG to be deemed an "investment company", which would be a disaster from a regulatory perspective! If nothing were to change, TAUG would be positioned to get shut down!

As of this moment, TAUG has been labelled an "inadvertent investment company" and has until November 29, 2018 to resolve the situation. In order to get resolution, 60% of the total non-cash assets cannot be investment securities! TAUG BASICALLY HAS NONE! And TAUG appears to be running out of the cash needed to acquire the non-cash non-securities assets. Of course there is always more death spiral toxic financing! Why would any CEO put himself and his shareholders in this sort of situation! We all know VTGN is going no where until the initial Phase 2a results are projected to be reported in Q2 2019! And that is IF the results are not delayed for any huge number potential causes! TAUG's current situation is a mess at best and an extremely high risk "mess" at that! First, the investment securities and cryptocurrency are in themselves very high risk and become a much higher risk if they need to be sold in order to avoid being designated as an "investment company"!

CONSULTANT CEO Seth Shaw continues to expose his shareholders to business initiatives that have an extremely high probability of failure. Again, Shaw continues "throwing crap at a wall and hoping it sticks"! But who cares, there will be no accountability for months and Shaw can sit back to watch it happen!

[diannedawn]

The fact is Blink did do a reverse merge with a penny stock and because that was successful they now have access to capital markets for cash raises like this. Blink’s biggest asset is the real estate and contracts they were able get, as well as equipment, and buying them for pennies on the dollar. They have state of the art new meters being rolled out and aside from Tesla they are the largest in the US. The units they have charge every car, not just Tesla.

Please, do tell us MORE!

Why does the above remind me of Mr. “BOD” saying “The fact is”?

Here is a passage from Blink’s prospectus ...
“Our Common Stock has previously been quoted on the OTC Pink Current Information Marketplace under the symbol “CCGI”. Our Common Stock and warrants have been approved for listing on The NASDAQ Capital Market under the symbols “BLNK” and “BLNKW,” respectively, and will begin trading there on February 14, 2018

They did do a reverse SPLIT....
“A 1:50 reverse stock split of the Common Stock (the “Reverse Stock Split”) was effected on August 29, 2017. All share and per share information in this prospectus have been retroactively adjusted to give effect to the Reverse Stock Split, including the financial statements and notes thereto. “

Can you show us proof of YOUR claim(s)???
ROTFLMAO


P.S. OMG...JMJ??? Really???

“After the lock-up agreements with certain stockholders pertaining to this offering expire: (i) 270 days from the date of this offering unless waived earlier by the representative, up to 8,367,879 of the shares that had been locked up; and (ii) 90 days from the date of this offering unless waived earlier by the representative, up to 338,969 of the shares that had been locked up, will be eligible for future sale in the public market. After the lock-up agreements with our directors and officers, Horton Capital, and JMJ pertaining to this offering expire 180 days from the date of this offering unless waived earlier by the representative, up to 7,707,819 of the shares (including shares of Common Stock issuable upon conversion of our Series D Preferred Stock) (net of any shares also restricted by lock-up agreements with certain stockholders) that had been locked up will be eligible for future sale in the public market. Sales of a significant number of these shares of Common Stock in the public market could reduce the market price of the Common Stock.”

[diannedawn]

From Blink's past...
https://www.sec.gov/Archives/edgar/data/1429764/000121390009003601/f8k120409_newimg.htm
"Item 1.01 Entry Into Material Definitive Agreement

Share Exchange Agreement

As more fully described in Item 2.01 below, on December 7, 2009, we entered into a Share Exchange Agreement (the “Share Exchange Agreement”) by and between New Image Concepts, Inc., a Nevada corporation (the “Company”) and Car Charging, Inc., a Delaware corporation (“Car Charging”).  The closing of the transaction (the “Closing”) took place on December 7, 2009 (the “Closing Date”).
 
At Closing, pursuant to the majority consent of our board of directors and shareholders, we (i) approved an amendment to our Articles of Incorporation changing our name to Car Charging Group, Inc.; and (ii) approved the authorization of 20,000,000 shares of preferred stock of the Company.  Additionally, we filed a Certificate of Designation with the state of Nevada designating rights to the authorized preferred stock of the Company (the “Series A Convertible Preferred Stock”), attached hereto as Exhibit 3.2.
 
Pursuant to the Share Exchange Agreement, we issued 50,000,000 shares of our common stock to the shareholders of Car Charging, representing 66.8% of the Company’s issued and outstanding stock and 10,000,000 Series A Convertible Preferred Stock, which is more fully discussed in Item 2.01 of this Current Report.

This transaction is more fully discussed in Item 2.01 of this Current Report. This brief discussion is qualified by reference to the provisions of the Share Exchange Agreement which is attached in full to this Current Report as Exhibit 2.1.

Financing Transaction
 
In connection with the closing of the Share Exchange Agreement, on December 7, 2009, we entered into a Subscription Agreement for the sale of units of securities of the Company aggregating $920,000 (the “Subscription Agreement”), attached hereto as Exhibit 4.1.  Each unit of securities consist of: one (1) share of Company common stock, $0.001 par value per share (the “Common Stock”); and (ii) a Class A warrant (the “Warrant”) to purchase an additional number of shares equal to 100% of the Common Stock with an exercise price of $0.60/share.  The purchase price is $0.30 per unit.  The Subscription Agreement and Warrant shall be referred to as the “Financing Documents.”
 
The financing closed simultaneously with the Share Exchange Agreement and the Company issued 3,066,665 shares of common stock and warrants to the subscribers (collectively, the “Investors”). 

Item 2.01 Completion of Acquisition and Disposition of Assets

CLOSING OF SHARE EXCHANGE AGREEMENT

On the Closing Date, pursuant to the Share Exchange Agreement, the shareholders of Car Charging exchanged 1,000 shares of common stock of Car Charging, representing 100% of the issued and outstanding stock of Car Charging, for: (i) 50,000,000 newly issued shares of the Company’s common stock, par value $0.001 per share, representing 66.8% of the Company’s issued and outstanding common stock; and (ii) 10,000,000 shares of our Series A Convertible Preferred Stock.
 
Simultaneous to the Closing and pursuant to the majority consent of the Company’s board of directors and shareholders, the Company changed its name to Car Charging Group, Inc. and approved the authorization of 20,000,000 shares of preferred stock of the Company and approved a 6.6-for-1 forward split of our common stock, which was declared effective by FINRA on October 22, 2009.
 
Pursuant to the terms of the Share Exchange Agreement, Belen Flores agreed to cancel 277,200,000 shares of the Company’s common stock held in her name.

Additionally, simultaneous to the Closing, we closed on a financing transaction in the aggregate amount of $920,000 and issued 3,066,665 shares of common stock and warrants to be exercised into 3,066,665 shares of common stock to certain accredited investors.

As more fully described in Item 5.02 below, on the Closing Date, Belen Flores, the sole officer and director of the Company, resigned from all positions held and we simultaneously appointed executive officers and three members of the Board of Directors of the Company.  The Board of Directors now consists of three members, each serving terms until a vote can take place at the next annual meeting of the Company, pursuant to the By-laws of the Company."

Is THIS the so called "successful" reverse merge???

The fact is Blink did do a reverse merge with a penny stock and because that was successful they now have access to capital markets for cash raises like this.

I think those who have been in that POS since 2009 would disagree.

ROTFLMAO

[diannedawn]

Oh DEAR!!!! Here's another tidbit about that "successful" "reverse merge"

"OTHER MATTER
 
On May 12, 2016, the SEC filed a complaint with the United States District Court in the Central District of California wherein the SEC alleges that an attorney who previously served as securities counsel to the Company was involved in a fraudulent scheme to create and sell seven (7) public “shell” companies. The SEC’s complaint indicates that one of the shell companies, New Image Concepts, Inc. (“NIC”) was the subject of the Company’s December 7, 2009 reverse merger, wherein following the merger, NIC was renamed Car Charging Group, Inc. The Company is not named as a defendant in the SEC’s complaint and, based on internal review and discussions, there were and are no continuing affiliations between any employees, directors, or investors of the pre-merger shell company and the Company. The Company has determined that no current or past employees of the Company were involved with the former shell company and it does not expect any additional actions to be necessary with respect to this matter."

Hilarious!