RE:TAAT.....ADCO......do the mathsynectix wrote:
From May 4 PR.....
The company believes its acquisition of ADCO will secure its financial position as ADCO will continue distributing its standard convenience product lines, which were reported to have generated over $87 million in net revenues during 2021.
From today PR.....
With over CAD $80 million in overall gross revenue annually, TAAT®’s facilities include an operations centre in Nevada, as well as a distribution centre and multiple convenience stores in Ohio.
Were were told HLND was reported to have generated over $87 million in net revenues during 2021. We were also told HLND was profitable in 2021. The important information we were not told is
how much profit did HLND generate in 2021? That information was kept secret. Why?
I suspect the net profit number was small and possibly negative, Perhaps the "profitable" number they referred to was a Gross Profit number and the Net Profit number they kept secret was negative. If that is true they weren't lying but they were not being truthful either. What other explanation is there for not disclosing the profit number? Keeping the profit number secret just doesn't pass the smell test. It raises a RED Flag for my DD.
IMO the Q3 Financial Numbers are going to be brutal. I wouldn't want to be holding a lot of
"all-in" TAAT shares when the numbers are released.