TAAT Global Alternatives Inc C.TAAT

ADCO purchase for about 5 million

[IsThatYouDaryl]

Froggy can you tell us the assets of the aquisition.My source tells me they had about 2.5 million in assets mainly inventory and the other 2.5 million was goodwill.So they own no property no buildings just flog tobacco products out of a rented warehouse or less........Where and who got the goodwill money in that deal......

[100PercentFedUp]

[100PercentFedUp]

If your source is right that HLND didn't own their warehouses and distribution centers that would explain why TAAT was able to purchase a profitable company with revenues of $84 million for only CAD $6,604,000.  Many posters here believe that TAAT was refering to a Gross Profit and HLND's Net Profit was actually negative.  TAAT has not released any HLND audited financial

[Malibu333]

The purchase price was CAD $8,890,000 because Adco has $2,286,000 depts which will be paid by Taat!!!!! The purchase price to acquire HLND will be equal to CAD $6,604,000 or the equivalent of approximately USD $5,200,000 (the "Purchase Price"), representing a valuation of CAD $8,890,000 or the equivalent of approximately USD $7,000,000 (the "Valuation") less CAD $2,286,000 or

[IsThatYouDaryl]

Who said HLND was a profitable company? End of day they had 2 million liabilities and no financials were ever shown for it.My guess when we see the blended fins go into TAATs finacials a huge trainwreck of losses show up.....Not sure what company is running on now but fumes and Frog farts