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Bullboard - Stock Discussion Forum 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... see more

CSE:TAAT - Post Discussion

TAAT Global Alternatives Inc > Fiduciary duty to your shareholders
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Post by MinerCPA on Jan 10, 2022 12:55pm

Fiduciary duty to your shareholders

Dear Setti

As you know the share price has been dropping consistently as of late. You and your board need to give us (your shareholders) updates in real time as to the companies sales ,reorder rates, and other pertinent financial data. While we appreciate the broad brush milestone events we've seen, I think it is time to give us some real numbers for a change so we have information to make timely investment decisions. Waiting 3-5 months for year end audited financials is difficult to swallow, especially for the long term holders who have been with the company since going public.

I've personally contacted investor relations several times with no responses. Sam used to respond promptly; but no more.
Comment by perrypirate on Jan 10, 2022 1:53pm
I agree with you 100% . I also have not gotten a reply from investor relations. At this point the only ray of hope I am clinging to is that the big Chinese investors put money into the company again last fall. They must have been given some hard data at that time that satisfied them that  things were on track. I don't think they would have thrown good money after bad. However, what do I ...more  
Comment by FrogDetective on Jan 10, 2022 8:09pm
This post has been removed in accordance with Community Policy
Comment by TheRodentKing on Jan 10, 2022 2:27pm
It is always a troubling sign for investors when a company is not being viewed as transparent when things like a falling shareprice trend extends over a period of several months like TAAT is doing.  All we have seen lately from Setti is promotional videos that are not impressing investors. MinerCPA: Don't hold your breath waiting for the company to release "sales ,reorder rates, and ...more  
Comment by Bigstacks on Jan 10, 2022 2:40pm
Taats financials will be out this month, spoke to investor relations today.  There IR was pretty bad over the last few months but it seems to be improving, Sam responds now in a timely manner.  It absolutely pains me to the core to see this drop in price. But the fear of inflation and interest rates going up is wrecking havoc on non profitable Growth companies across the entire ...more  
Comment by CAinPlap on Jan 10, 2022 2:58pm
It sure seems like someone/entity knows something is wrong with the company. Unfortunately by the time us regular folk are informed, we have already had the rug pulled out from under us.  
Comment by TheRodentKing on Jan 10, 2022 3:02pm
I'm expecting the Financials to be brutal but they will be followed by excuses and future plans to conquer big tobacco and dominate the cigarette marketplace with an irresistable value proposition combined with a powerful marketing footprint.
Comment by Erebus76 on Jan 10, 2022 3:30pm
I don't think TAAT is taking a beating so much rather than the hype just inflated the value through excited and inexperienced new investors getting caught up in meme stocks and many not accounting for a year of heavy spending on marketing. I think it's settling on a more realistic value based on real fundamentals vs feelings and excitement. I actually love the discount. Setti has always ...more  
Comment by TheRodentKing on Jan 10, 2022 6:31pm
I hope you are right that the Financials will be released in January.  They were released March 1 last year. Cigarettes sales traditionally don't go down in poor economic times like rising inflation  so that shouldn't be the main reason TAAT's shareprice is falling so much.  My spidy senses - aka intuition - tell me there is more to it than just inflation fear.  I ...more  
Comment by keyman17 on Jan 10, 2022 3:18pm
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