Taat optionsWith taat losing 115 million in 2.5 years, 25 million loss last year and 3 million loss this year,
coupled with taat intl llc going bankrupt......what I see is this.
Taat could never get a bank loan. Who would lend to them ? Especially
in this era of tightened credit.
They only have about 11 million shares to issues, thats about 1.5 million dollars
left to save their company from bankrupcy.
Then their only other option is to sell ADCO.....to survive.
All in all, looks terrible. Although I dont hold taat shares, I would be a shorter
at this point, as everything looks to me like insolvency, imo.