RE:RE:RE:THE BEAT GOES ON$ TAAT is slow rolling news event, NASDAQ?LannyMcdonald wrote: Pride goes before destruction, And a haughty spirit before a fall!
Understanding ("insight") is the ability to evaluate a situation and respond to it appropriately.
This is a source of life for the wise, while folly is a source of discipline for a fool!
A person's wisdom, or lack of it, determines his or her
prospects in life!
Lanny you are describing yourself and most other TAAT supporters. You just don't have the understanding ie; youse guys don't have the "insight" needed to accurately assess the TAAT situation.
You completely ignore the fact that TAAT launched almost two years ago and they have been unable to capture the marketshare they expected. Management still doesn't understand why tobacco smokers aren't switching enmass to TAAT. They just don't realize - YET - that TAAT tobacco-flavored hemp biomas #3 cigarettes are a "Novelty Product". You get an initial "curiosity" sales pop but repeat sales to those same customers is always disappointing with novelty products.
The evidence is glaringly obvious and unsustainable with losses and cash burn - $33 million loss plus $20.8 million cash burn that only generated $2.56 million in revenues last year. The shareprice is down 80% from August one year ago. TAAT tobacco-flavored hemp biomas #3 just can't replace the nicotine in tobacco that smokers want and need on a large scale.
I'm guessing you are losing money with TAAT shares because you bought higher and held. I sold higher and re-bought recently at much lower prices. My shares are in the black because I have the "insight" you appear to lack.
TAAT is an "also ran product" with "a novelty revenue potential". TAAT management is spending heavily for expensuve shelf space to increase revenues but profitability just won't be there and in the long term TAAT will will never replace tobacco cigarettes on a wide scale.