For newcombers not familiar with taat....Just some facts for you. Just 2 years ago taat was $5.85, today 11.5 cents. They traded millions of shares a day, but as they kept failing in what they set out to do, taat stock kept on falling and it has never stopped. We had a new ceo saxon who came in June 2022 when the stock was $1.21, and today its 11.5 cents, with more and more failures as a result.
Taat has little money to pay debts, and as a matter of fact, they pay people in shares as they have
no money. Last quarter taat had $476,000 cash, down from over 10 million in 2022.
And now they have 7.7 million in current liabilites that have to be paid in 3.5 months.
How they gonna pay ? They lost 3.2 million last quarter, and 3 million the quarter before that !
And as taat the company, and taat the stock declined, the auditor, all 3 of them warned taat they will go bankrupt unless they come up with short and long term cash. And it go to the point where taat had
to now warn investors about investing in their stock, and here is taat mgmt press release to the public.
Taat mgmt discussion/analysis ending Apr 30/2023, Sedar
Nature of the Securities The purchase of the Company’s securities involves a high degree of risk and should be undertaken only by investors whose financial resources are sufficient to enable them to assume such risks. The Company’s securities should not be purchased by persons who cannot afford the possibility of the loss of their entire investment. Furthermore, an investment in the Company’s securities should not constitute a major portion of an investor's portfolio.