Frogzilla wrote: 100PercentFedUp wrote: LannyMcdonald wrote: Pride goes before destruction, And a haughty spirit before a fall!
Understanding ("insight") is the ability to evaluate a situation and respond to it appropriately.
This is a source of life for the wise, while folly is a source of discipline for a fool!
A person's wisdom, or lack of it, determines his or her
prospects in life!
Lanny you are describing yourself and most other TAAT supporters. You just don't have the understanding ie; youse guys don't have the "insight" needed to accurately assess the TAAT situation.
You completely ignore the fact that TAAT launched almost two years ago and they have been unable to capture the marketshare they expected. Management still doesn't understand why tobacco smokers aren't switching enmass to TAAT. They just don't realize - YET - that TAAT tobacco-flavored hemp biomas #3 cigarettes are a "Novelty Product". You get an initial "curiosity" sales pop but repeat sales to those same customers is always disappointing with novelty products.
The evidence is glaringly obvious and unsustainable with losses and cash burn - $33 million loss plus $20.8 million cash burn that only generated $2.56 million in revenues last year. The shareprice is down 80% from August one year ago. TAAT tobacco-flavored hemp biomas #3 just can't replace the nicotine in tobacco that smokers want and need on a large scale.
I'm guessing you are losing money with TAAT shares because you bought higher and held. I sold higher and re-bought recently at much lower prices. My shares are in the black because I have the "insight" you appear to lack.
TAAT is an "also ran product" with "a novelty revenue potential". TAAT management is spending heavily for expensuve shelf space to increase revenues but profitability just won't be there and in the long term TAAT will will never replace tobacco cigarettes on a wide scale.
Your wrong Daryl, and speculating with no proof of statements!
Show us the proof, they have not captured the market share they expected! What was expected, and what is it now, show US!
Prove to us smoking hemp is a novelty, show us the history of smoking hemp, I dare you!
Prove the statement smokers want nicotine, show proof of the poll or study that says, smokers by choice want nicotine!
Show us the proof you sold higher and bought lower!!
Show us the proof Lanny is down on his investment!
Show us the proof TAAT is paying heavily for expensive shelf space!!
Now, before you reply with the standard numbers that we all see and know from financials, this is not proof, further more as I have repeatably shown you, TAAT was not selling product for several months while adjusting Recon 3 for high speed production and replacing old product at TAAT's vendors!
When a company is not selling it's product, the company is not taking in revenue, this is a FACT, no proof needed! The drop in revenue had nothing to do with poor sales or lack of customer adoption, novelty blah blah blah! The old product was sitting in the warehouses, waiting to be replaced by TAAT, and guess what Spanky, distributors and wholesalers don't pay for product they can't sell, that's why A/R was high!!
Had the vendors paid TAAT for the unsold product, that TAAT requested not to be sold, this would effectively be a loan to TAAT, with no interest!
STOP DECEIVING THE PUBLIC!!!
Ribbit
PS: Sam left you a nice post on the TRIP board, and the word spreads even further about your checkered past! Investors here should really take a look at SAM's post on Red Light Holland, and do the same!