How does taat pay 11 million current debts wth $500,000 ?They will try and cheat debtors with post consolidation share price of 60 cents.
But unless they have no intelligence, they wont accept taat shares.
Taat will be unable to pay them as they wont accept their price, causing massive
dilution to taat shareholders. Its over, last step before bankrupcy.
More bad facts about taat financials
Taat previously had 7.7 million in current liablities. Now the figure ending July 31/2023
is $11,167,821
And taat only has $537,017 in cash to pay this before year end.
Now you see why taat is trying to do a consolidation ? They hope the debtors will take taats
post consolidation price, knowing it will decline by 30%, therby cheating debtors of money owed to
them.
And as taat mgmt has said, they will dilute shareholders to try and pay these debts.
With $11,167,821 in current liabilites, with a 60 cent share price, that works out to
taat diluting shareholers by 18 million 631 thousand shares.
Taat investors be aware, dilution is coming and it may be more than the amount listed above, as the financials, the consolidation and share issuance will drive taat stock to 30 cents a share post consolidation.
Nothing but losses for shareholders, sad but true.
Way to go taat ! Another disgrace to your shareholders.