Tauriga Sciences, Inc. (OTCMKTS:TAUG) On The Rise Again
Tauriga Sciences, Inc. (OTCMKTS:TAUG) has been climbing the charts ever since its subsidiary got featured on CNBC. Yesterday, the ticker shot up an astounding 71.88% on news of the latest merger developments.
The news that TAUG‘s wholly owned subsidiary Pilus Energy LLC. had been featured in a CNBC Special by Tom Cunneff, titled “States Partner to Spur Innovation in New Industries” certainly got the investor’s attention. The publicity thrown its way was enough to give TAUG a serious boost in the last few trading sessions – and once the company’s latest 8-K hit the web with some good news, investors saw it as their cue to buy.
Admittedly, the report didn’t contain much. “On June 27, 2014, the Investor (Hanover Holdings I, LLC) agreed to amend the provisions of the escrow such that the $250,000 was immediately released to the Company (TAUG)” – this is all it said on the matter of the merger that TAUG began mid March. However, releasing the $250 thousand to TAUG can be viewed as a big gesture of trust and an indicator of the merger’s progress, and this was enough to convince investors that the merger is proceeding as planned.
Which is obviously good news, but does it really warrant a 71% jump? Investors would probably be wise to wait for the situation to develop further, and for more information on the merger itself to be published, before jumping at TAUG stock.
Currently, TAUG is on the rise, with a serious jump and a huge dollar volume. However, it is in no way certain that the company will continue its ascent, or even manage to retain its gains.