Jayvees - Who owns what? Ok, so Jayvees Brands LLC is owned by TAAT, but TAAT licensed out the Jayvees name and according to the Jayvees website:
Premium Products LLC is a Las Vegas-based corporation that owns the Jayvees brand. The company currently DSDs (Direct Store Delivery) Jayvees products to all Refuel Markets in North and South Carolina, along with items from their partners.
So who really 'owns' Jayvees? Isn't it interesting that one payment was made and recognized in one quarter? That is wasn't spread out across time like any time based agreement would?
Why would TAAT need such a valuable 'asset' to be licensed to a related party company? If it was worth $730K USD, then it's probably worth $10 Mil USD that will not see the pockets of TAAT investors.
IMO, you have been hoodwinked, congratulations TAATers! That is what your investment summary is in, tatters......
RIBBIT!!!!