RE:RE:RE:Good News for TAAT MentholErebus76 wrote: No one's ignoring that fact. They company clearly states the health benefits are from the absence of addiction causing nicotine. They state smoking in any form is unhealthy. It's healthier to not be smoking addictive substances. That's been clearly stated by the company for years. Anyone ignoring that isn't paying attention and anyone making the point now is a few years behind what was already commonly known. Hell, polycyclic aromatic hydrocarbons are released when you BBQ steak and that isn't healthy either. Inhaling combustibles is always bad. The sky is also blue and the sun is really hot....for anyone who didn't know that either.
WHAT ABOUT THESE FACTS FROM GUMSHOEMAN THAT YOU ARE IGNORING: The Evidence TAAT is in trouble is not hard to see the facts if you look at the year-end financial statements:
1) Losses are 10 times greater than revenues or by $30.8 million
2) Cash burn exceeds revenues by $18 million or 13 times greater than revenues
3) Trade Receivables are equal to nine months of revenues proving that TAAT is slow to collect payments for goods sold
4) CEO Setti has disappeared without an adequate explanation
5) Quarterly revenues last year averaged $640,185 but Q1 2022 was only $469,782 which is a reduction of 26.6% proof that revenues are not growing
Based upon the evidence, I predict that TAAT is now past it's best before date.
Selling products to be burned and the smoke inhaled knowing they contain toxic chemicals is a dying market proposition. Those chickens are coming home to roost in the near future. Only foolish investors ignore that fact.
How much money have you lost with TAAT as of today?