RE:Q1 Financials!!!!!Froggy posted: "TAAT would merely be absorbing HLND's debt to the company (TAAT), and TAAT has a 60% profit margin, so TAAT is really only absorbing 40% of the debt owed to TAAT by HLND in reality! This is how deals get done!"
Wrong again Froggy. Yes TAAT's gross marging was 60% in Q1 2021 but in Q1 2022 the gross margin shrank to half that at only 27%. You need to check those talking points the Boiler Room gives you because that place is run by monkeys who don't understand Accounting.
TAAT was smart to say "on or about March 15" so they can delay closing forever and avoid having to buy HLND and absorb all it's debts. HLND said it was profitable but they were not TAAT paying for the TAAT cigarette products so that claim to profitability is suspect.
Good Grief, the more I learn from the financial statements the less I like TAAT's prospects going foreward.
Good Luck to all retail shareholders because the stockprice could get a tad bumpy for a while.