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TAAT Global Alternatives Inc C.TAAT

Alternate Symbol(s):  TOBAF

TAAT Global Alternatives Inc. is a vertically integrated consumer product and distribution company. The Company develops, manufactures, and distributes alternative product categories, such as tobacco and reduced-risk alternatives, hemp, kratom, and other emerging consumer packaged goods (CPG) segments. The Company operates through two segments: the sale of non-tobacco and tobacco products. The Company is developing nicotine-free and tobacco-free alternatives to traditional cigarettes. The Company utilizes a proprietary, patent-pending process (including a patent-pending refinement technique) with a blend of all-natural ingredients to provide smokers aged above 21 with an alternative to traditional cigarettes that do not contain nicotine or tobacco. The Company has facilities to include a processing plant in Nevada as well as a distribution center in Canton, Ohio, leveraging existing retail shelf space and pipelines into national wholesale channels.


CSE:TAAT - Post by User

Post by TAAT2022on Jun 12, 2023 5:24pm
354 Views
Post# 35492351

Let's try this again, very slowly

Let's try this again, very slowly One must reach beyond Sedar to be fully informed and to put everything in perspective in a factual way. 

In as simple terms as can make them:

1) 99.5% of the parent company (TAAT Global Alternatives Inc)  liabilities ( on Sedar) are from ONE of their subsidiaries. That subsidiary is TAAT International LLC.
_____________

2) Subsidiary TAAT International LLC is going through the process of reorganization via Chapter 11V. TAAT International LLC has no secured creditors.
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3) TAAT International LLC has about $13 million in liabilities that will be written off via Chapter 11V. $4 million of that has already been written off via a motion filed and granted by TAAT International LLC, this is BEFORE the Chapter 11V process has even completed.
__________________

4) Eventually all $13 million will be written off (TAAT International LLC liabilities) when the Chapter 11V process is complete.
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5) This written off amount is flow through to the parent company TAAT Global Alternatives Inc. Therefore the present liabilities you read for TAAT Global Alternatives Inc is not the correct liabilities amount payable. TAAT Global Alternatives Inc will have next to zero liabilities.
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I hope that was easy enough to understand? 
Any questions?
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