Post by
Lingcod on Sep 19, 2023 8:23pm
Taat intl filed for bankrupcy in the usa.
And bullriders rejected their offer, which now makes taat global responsible for
millions in debts.
Coupled with the fact taat only had sales of $7188.00 in the month of August, while paying themselves
$333,333.00, only shows you how bad taat sales are, and how much taat mgmt is fleecing shareholders.
Add to that a current liabilites of $7.7 million dollars, while taat mgmt said a couple of months ago
they only had $476,000 in cash, no other assets.
.So how is taat going to pay that $7.7 million ? They cant, they dont have the money.
And ADCO, who taat owns, only has a 5% gross margin, which is terrible, and taat gets 95% of their
business from taat.
And add to that taat changed auditors 3x in the last year, only shows taat is hiding things, just like
they lied to the bankrupcy court and moved product out before they filed.
With taat mgmt saying revenues will be $276,000 in 2024, and all the obligations, the exorbenant amount of monies taat pays the mgmt, the lack of ability to pay their debts, and constant losses,
you can see why taat is heading to 1 to 5 cents a share.
Comment by
ddtruthdd on Sep 20, 2023 11:35am
Where is the news releases from Taat!! The company your SLANDERING!! stating this information keep going and I sure your going to be receiving a CEASE and DESIST letter from taat soon !! It's happened to others on the past not pretty!!!