Post by
grenoullle on Apr 02, 2022 1:56pm
HLND Deal and why it stinks like a Frogzilla
HLND Deal - Guess whose debt we are absorbing?? Our own!
Just realized, AR due to HLNd, it has to be. Thus, we bought our biggest customer who didn't pay us. Thus, I would not expect a big hit from HLND in the future.
From Note 14 in the financials:
As at January 31, 2022, trade receivables
of $1,962,551 (October 31, 2021 - $1,733,899) were due from one customer. During the period ended January 31, 2022, 31% of sales
were to one customer (year ended October 31, 2021, 69% of sales were to one customer).
This just clicked as I took one last looksie through the numbers. Somehow I missed this and didn't put the two together.
Good luck to any remaining investors, it's going to be a rough ride down....
Comment by
Eskimoman on Apr 02, 2022 3:42pm
...I saw that too....and your probably right....and one has to wonder if TAAT wasn't being paid who else wasn't being paid......hope for some follow up positive news release Monday to alleviate the bad news but somtimes...hope is for dopes...
Comment by
TAAT2022 on Apr 02, 2022 5:29pm
HLND is not TAAT largest customer. Back to the drawing board for you. Try not to burn too many brain cells on your next thesis. BTW, learn to read financials.
Comment by
GumShoeMan on Apr 03, 2022 1:33am
TAAT has not released revenuue information by customer so you can’t know that unless you are getting it from an insider which is a tad illegal. p { margin-bottom: 0.25cm; line-height: 115%; background: transparent }a:link { color: #000080; so-language: zxx; text-decoration: underline }
Comment by
TAAT2022 on Apr 03, 2022 4:05pm
Cry me a river. My job is to be informed. You run around the perimeter gates with your hair on fire. I calmly do my inquiry. You screech like a woman, I rest my feet and sip fine scotch. All whilst watching your calamity unfold. You will always be outside the perimeter gates. We both know that.