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benjo

03/02/10 1:12 PM

#513 RE: Caddy Man #512

that's only partially accurate. i asked justin davis, the investor relations guy for TLAG about this very issue. his response:

"I agree that looks scary, but it is more accounting treatment than actual state-of-business. It is a combination of deferred compensation, debt settlement and stock issuance (equity) for the past 5 years. In order to bring their financials current they had to aggregate everything that one time, so you’re seeing 5 years of obligations packed into one fiscal year’s results. These are now put to rest (from an accounting perspective), so you will not see them reflected in 2010 and beyond."

here's his responses to another question i had posed to him a few emails earlier:

Why did the price per share fall so dramatically over the last couple of years?

"Disregard all stock data for years prior. It was a completely different business, with a wildly different capital structure. The public company you have invested in has been in development phase for the last fiscal year and is only launching its commercial efforts right now – everything that came prior is essentially people just speculating on a shell, not a going enterprise. As such, you are still seeing some significant selling that is not based on Company developments – these are people who still just treat the Company like a trading vehicle and are not paying attention to the recent developments that have led TAG to its immediately pending commercial launch in its new iteration."