Frogzilla wrote: Lemonaide wrote: 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.
Implied, that's your mistake, not ours! Everyone is aware of the losses and cash burn, nothing revolutionary or unknown to the average investor!
I didn't make a mistake. Tell us how much Net Profit HLND made in the year before the TAAT purchase. You can’t because they didn’t make a Net Profit. The “Profit” TAAT talked about in the NR announcing their intent to purchase TAAT was a Gross Profit and not a Net Profit. They actually lost money and that explains one of the reasons why the purchase price was so low. The lack of transparency with this company is shocking. Fortunately, I was not shocked because I know how to do DD and I was prepared.
If you know about the terrible financial numbers then why do you ignore them. Those numbers brought TAAT to brink of insolvency, only fools would ignore that situation.
Daryl, try discussing the company, and what the company is doing, not 1+1=2, those are known numbers! Try analyzing the new stores that we know of, and their impact on taat's future revenues! These are what will become the next set of numbers, you'll complain about and trade on!
I am not Daryl. TAAT is not going to have a future unless they make big changes immediately.
Go tell all these legends in the c-store industry they are wrong, the trials they did were wrong, the consumers who bought the product were wrong, and especiallyy mention the profits they are banking are wrong$$$$
All your talk about future revenues is meaningless if TAAT is losing money on every sale which was pointed out by poster E.I,Daryl based upon the Q1 and Q2 audited statements. TAAT cannot stay in business very long with that business model. They will be in receivership soon if they don’t start earning a positive cashflow. How will they do that when they are spending big to ramp up sales. Positive cashflow is likely to be too little and too late given TAAT’s slow collection of trade receivables with their A/R history of 13 months worth of revenues in Q1 and 10 months worth of revenues in Q2. This is joke that is not funny.
You are stairing at your feet, while we're looking down the road$$
I'm looking at the only facts that matter which you ignore. Future sales won’t matter when the company is insolvent because they ran out of money and that is a real possibility. Ignore that possibiliy at your peril.
Ribbit