CONSULTANT CEO Seth Shaw never ceases to amaze! What a screwball! Now Shaw is so desperate for visibility he finds it necessary to issue not one, but two PR's related to paying off a $30,000 debenture! Isn't that special! Of course the "payoff" included a 40+% PREMIUM over the note's face value! Adar Bay has got to love CONSULTANT CEO Seth Shaw!
Fixing the Balance Sheet? Get "real"! A $43,000 cash payment won't do it! The Balance Sheet is really messed up, due to CONSULTANT CEO Seth Shaw's brilliant purchases of extremely high risk investment securities. TAUG is now deemed an "inadvertent investment company" due to the totally fouled up Balance Sheet asset ratio, i.e. 100% of the non-cash assets, aside from prepaid expenses, are categorized as investment securities! This is magnitudes beyond the 40% that the regulators allow!
Most baffling about Shaw's brilliant PR move, is the psychological effect on the investors! Last Friday's initial PR created massive speculation and anticipation! Then the truth arrived, i.e. a measly $30,000 loan payoff! CONSULTANT CEO Seth Shaw just doesn't get it! He clearly grew up in a different world! "Clueless" comes to mind! On the other hand the "market" gets it! The share price plummeted immediately upon the release of this morning's PR! Oops! Just one more brilliant move by the constantly inept TAUG CONSULTANT CEO!
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