RE:RE:RE:Better than Taat. They have a product!
Malibu333 wrote: The answer of your question is very easy. They have a product which they really sell. And Taat? They sell in 6 months for CAD 1 million BUT not paid from customers!! Why not?? Who is the customer, which no pay!?
If you do some deeper DD you'll find that TAAT was carrying 9 months of Revenues in the Trade Receivables Account last year. One customer accounted for a large portion of the Revenues
and the unpaid Trade Receivables. That customer was HLND. Now that TAAT purchased HLND the outstanding Trade Receivable Accounts got offset when the companies merged their financial accounts.
I suppose that is one way to realign your accounts and make it appear that your company had a huge increase in the revenues of TAAT cigarettes but I still think that is misleading and TAAT management will eventually regret their HLND purchase decision and that time might not be far away. It's just a hunch but I think the odds are better than average that I'll be right. I predict that HLND will be the proverbial Albatross around the neck of TAAT and things will get ugly for TAAT shareholders.
Good Grief a new aggressive competitor named Hempacco Co is coming and they will have a NASDAQ listing.
Sorry to be the bearer of bad news but it is what it is and 'it' is has already started with another down day to TAAT =
$0.93 -$0.02 -2.11%. She's droppin' like a rock now. Lrgend called for 75 cents soonl What are the odds he'll be right again? That is only 19% away and dropping fast. TAAT is already down 88% since last August so another 19% seems like a no brainer easy peasy target for a bigtime winner like Legend. PS:
If you describe something as an albatross around somebody's neck, that means it causes them great problems from which they cannot escape.