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Taat Lifestyle & Wellness Ltd. C.TAAT

Alternate Symbol(s):  TOBAF

Healthcare Household & Personal Products
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

Taat Lifestyle & Wellness Ltd. > Receivables Note 5
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Comment by ReaIInvestorIIon Apr 02, 2022 12:51am
179 Views
Post# 34569541

RE:Receivables Note 5

RE:Receivables Note 5
synectix wrote: Indicates to me that they are either extremely slow or having trouble collecting...

RECEIVABLES
January 31, 2022      $1,962,551

October 31, 2021       $1,859,748



In 2021 the problem was that they were giving very generous payment terms to purchasers plus they were giving a lot of product away cheap or free.   I suspect some of the AR will carried on the books for a long time and then eventually be written down or off.  It is easy to build revenues when the customers don't have to pay full price for the products.

This company is one giant RED Flag warning sign.
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