RE:The Competition is on our TailGordonGeko1 wrote: We have to start firing on All Cylinders!!! or be left in their dust.
Hempacco and High Sierra Technologies, Inc. Announce Joint Venture to Manufacture, Market, and Distribute Low Odor Hemp Smokables Based on HSTI's and Hempacco's Patented and Patent Pending Technologies
https://stockhouse.com/news/press-releases/2022/11/17/hempacco-and-high-sierra-technologies-inc-announce-joint-venture-to-manufacture
There is more competition in the Hemp Smokeables Space than just Hemopacco. Then there's more competition in the Herbal Smokeables Space too. They are all aggressive, savvy and well financed. Meanwhile TAAT is a Financial disaster.
The evidence TAAT is in trouble is easy to see the facts if you study the 2021 year-end financial statements:
1) Losses were 10 times greater than revenues at $33.4 million
2) Cash burn was 13 times greater than revenues at $20.8 million
3) Trade Receivables were equal to nine months of revenues proving that TAAT is slow to collect payments for goods sold mostly by HLND. "
270 days collection cycle" when the traditional collection terms are "
Net 30 Days".
4) Quarterly revenues last year averaged $640,185 but Q1 2022 was only $469,782 which is a reduction of 26.6% and Q2 was $515,464 which is a reduction of 25.5% which proves that revenues are not growing. TAAT management is hiding the TAAT-only Q3 results by combining them with the Q3 HLND-only results so we can't do a proper analysis but it's bad In My Opinion and that is why there is no breakout.
Major Red Flag Warning Sign for investors.
TAAT didn't do well when there was almost no direct competition so how will they do when the competition is here and they are competing for the same customers as TAAT. Sure TAAT started sooner but TAAT's first two years in business did not go well financially or saleswise and their financial statements prove it. They overpromised and under delivered and that is why their shareprice fell more than 80% to 57 cents.
Good Luck if you own shares you bought at much higher prices. I wish I could give you some encouraging advice that TAAT will soon be trading at $5.00 again buy sadly I don't think that is realistic.