RE:RE:Q3 Earning Call, keep in mind Mikes been CEO since June 20! DarylTheFrog wrote: Without providing actually dollar amounts omiting profit and loss from the financials all I can say is its not looking good.No transparency at all..Hide everything and disguise it........End of the day cash burn is about done cause the last 3 million is probably gone by now,,,Who is going to put more money into this? Not Debbie she is one pizzed off lady who got scammed or is very stupid
The focus now of TAAT management and the pumpers who support them is to try to get the inexperienced investors to ignore the many problems with TAAT that makes it a poor long-term Buy&Hold investment for newbies. For example: They imply that "Gross Profit" is a real Net Profit from Operations so they can avoid admitting the company actually had a real Loss from Operations.
The financial statements reveal a company with financial problems caused by a series of strategic and financial mistakes that caused a $33 miillion loss and a $20 million cash burn that only produced a profit of $2.56 million last year. Now TAAT is close to running out of cash needed to finance operations.
TAAT's shareprice has dropped 76% since September 23, 2021 in exactly one year.