RE:Smart investore seen this coming 8 months agoIIIIIIIIIIIIIIl wrote:
It should not be a SURPRISE to anyone just another failing TSX venture company going through the motions...
Yes Mr. IIIIIIIIIIIIIIl, you made the correct call here. Ecperienced investors like us have seen the same situation many times and very few small-CAP companies in the same circunstances rarely survive intact. If they survive, the retail shareholders get shafted bigly.
The smart investors like us know how to read the facts in the Q2 Financial Statement and they are asking questions like these:
1) why is the Net Loss for Q2
20 times greater than the Revenues?
2) why is the Share Based RSU Compensation almost
10 times greater than the Revenues?
3) why is the cash burn
11 times greater than Revenues?
At the current rate of cash burn,
TAAT will need to raise more funds by the end of July which is only one month away. Froggy, Galition and Differenza want readers to think TAAT is in great shape but the Financial Statements tell a different TRUE story and prove that TAAT is now in severe financial distress and the company might not survive. This is serious folks. Don't kid yourself that all is well. The TAAT ship is listing badly. Saxon has major problems that need to be addressed immediately. Time will tell if he succeeds. He has only 30 days to fix this disaster.