RE:RE:RE:RE:RE:One way or the other....grenoullle wrote: And you keep saying sales are happening. Let's see how sales are and how AR is, that will tell us what's really going on.
TAAT will struggle to stay afloat. The HLND purchase was a mistake and the Q3 financials release will confirm it. Your post in April was bang on.
Here's what grenoullle posted here on April 02, 2022 when TAAT closed at $1.74 before it dropped 37% to $1.09 today. He predicted a drop and he was 100% right with TAAT now at $1.09. Yes it was a long ride down and grenoullle call it. He is almost as good at predicting as the great Legend and that is amazing. Pumpers like Frogzilla aka Daryl Stoxxman can only dream about making a prediction like that.
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Post# 34570194
HLND Deal and why it stinks like a Frogzilla
HLND Deal - Guess whose debt we are absorbing?? Our own!
Just realized, AR due to HLND, it has to be. Thus, we bought our biggest customer who didn't pay us. Thus, I would not expect a big hit from HLND in the future.
From Note 14 in the financials:
As at January 31, 2022, trade receivables
of $1,962,551 (October 31, 2021 - $1,733,899) were due from one customer. During the period ended January 31, 2022, 31% of sales
were to one customer (year ended October 31, 2021, 69% of sales were to one customer).
This just clicked as I took one last looksie through the numbers. Somehow I missed this and didn't put the two together.
Good luck to any remaining investors, it's going to be a rough ride down....