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Taat Lifestyle & Wellness Ltd. C.TAAT

Alternate Symbol(s):  TOBAF

Taat is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in "Original", "Smooth", and "Menthol" varieties. Taat's base material is Beyond Tobacco™, a proprietary blend which undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with "Big Tobacco" pedigree, Taat is launching in the United States in Q4 2020 as the Company seeks to position itself in the $814 billion global tobacco industry.


CSE:TAAT - Post by User

Post by hintonkidon Sep 28, 2021 12:45pm
174 Views
Post# 33930981

Markets down overall today.

Markets down overall today.TAAT, like so many stocks, are down today along with the price of oil, and other commodities including gold and the crypto currencies.  The TSXV exchange is down approximately 18 points while the TSX is down 323 points this morning.  US markets are fairing no better with NASDAQ and the Dow down an average of 400 points overall.  S&P is down 84 points at the time I am posting these comments.  Though I am not a market analyst, I think that TAAT is still holding it's own and the basic fundamentals are holding for the time being.  Markets can be quite choppy this time of year but I was thinking of adding a little bit to my position in the stock but, not going in whole hog just yet.  Markets, in the US, are going to be focused on Capital Hill all this week as the Democrats fight to get their bipartisan Infrastructure Bill and their $3.5 Trillion super bill throught the house this week but there are a few storm clouds hanging over Congress as the Senate has been unable to pass changes to the debt ceiling before the deadline of Thursday at midnight at which time the government will run out of money and be forced to shut down services and put public servants on furelow.  Until the debt ceiling is dealt with the other spending bills are on hold.  Speaker Pelosi is going to have her hands full, this week, as she tries to get the Progressive and Moderate camps, within the Democratic caucus to come together to get their proposed bills to the floor of the House so that a vote can take place by the deadline.  The Progressives want the House to bring the larger $3.5 Trillion spending bill to the floor first before they deal with the smaller bi-partisan Infrastructure bill but the Moderates and the Republicans want the Speaker to bring the smaller bill to the floor first but if Speaker Pelosi does the Progressives have already indicated that they would vote against the bill.  This morning, Fox News reported that Speaker Pelosi decided to override the demands of the Progressive camp and bring the smaller bill to the floor first and the Progressives were quite unhappy about that.  If the Speaker had yielded to the Progressives and brought the larger bill to the floor then the Moderate camp would vote down the bill because there are some measures in the bill that they and the Republicans are very concerned about.  Some of these measures include free college for illegal migrants, changes to voter rules which undermine the rights and responsibilities of the States as it is the States that oversee elections.  The bill also includes measures that include the hiring of an additional 85,000 IRS agents to oversee bank accounts of all American citizens and banking requirements that want banks to report any transaction, to the IRS, from any personal bank accounts of $600.00 or more.  The super bill is 2400 pages long and chalk full of questionable measures and Moderates and Republicans have indicated that the bill can not come to the floor as is.  President Biden sees this super bill as a number one priority for his administration and a legacy making piece of legislation that he wants to be known for.  However, he caused quite a stir, among Democrats, Republicans and the media alike when he tweeted that the $3.5 Trillion bill wouldn't cost  Americans any money.  The comments were quite saterical and scathing from both sides of the isle and the media.  People were quite dumbfounded and stunned by his lack of understanding of economics and the possible consequences of massive spending bills.  Speaker Pelosi has quite a job this week as the Democrats are a house divided and the deadline is looming.
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