RE:$1.30 Will Soon be in the Rear View Mirror!GordonGeko1 wrote: Setti "We are making excellent progress towards our goals for the growth of the TAAT™ retail footprint in 2022 between organically adding stores through distributors, approaching retailers directly, and making connections at trade shows. These milestones so far in our calendar Q1 2022 are impressive, and we are excited to continue building upon them in an effort to make 2022 our best year yet.”
Gordo that is an old quote we have all seen before. That's all fine but it's just words. Without confirmation of results those statements are just words.
Q1 was not excellent progress toward success. TAAT will need more funding within 6 months if it doesn't get their cash burn rate under control soon.
Setti has made a few statements that didn't happen like he said. The most recent one was his statement that the HLND purchase is "expected to close on or about March 15" . On March 21 The Market Herald reported that "The transaction is expected to close within ten business days". Tomorrow (Thursday) will be 10 business days and we are still waiting. The optics of the ongoing-delayed close transaction makes TAAT Management look like they didn't know what they were doing when they made March 15 the original target date for the close.
Two and a half weeks late is not "on or about March 15". The excuse of tax issues is not acceptable without a clear and transparent statement from Management.
Over-promise and under-deliver never wins the race.
I was think of buying more shares to add to the ones I bought recently but I think I'll hold off until the HLND purchase closes sometime in 2022.