TAAT Global Alternatives Inc C.TAAT

Condition critical?

[synectix]

How is it that a company with anticipated revenues of 87 million in 2021 according to May 20 ADCO aquisition PR...

"The acquisition of ADCO can also fortify our financial position as ADCO will continue distributing its standard convenience product lines, which collectively generated over CAD $87 million in net revenues in calendar 2021".

now requires a 100,000 loan in Dec and  a follow up loan of 130,000 in Jan? Revenues falling far short of 92 million? Lines of credit maxed out? Remember the last quarter financials(17.4 million...annualized 70 million.... where revenues were lumped together making it impossible to know TAAT product sales? Remember this statement from the new CEO on July 19

TAAT® Chief Executive Officer Michael Saxon commented, “I consider it essential for shareholders to have access to open and transparent communication with management and our first event of 2022 earlier this month was just the start. Today’s announcement builds on my promise made during that call to provide updates on a quarterly basis.


All I can say is......see above...

[TAAT2022]

New additional machinery expenses for https://jayvees.com/ above set budget. Cost over runs in this market happens. Short term loans are common if outside of budget parameters. Preferable to small PP.

[Malibu333]

Because there are a lot of Fake News. See Press release from July 1.. definitely big Fake! "TAAT® Formal Guidance for Revenue and Sales Anticipated revenues for the Company’s fiscal year ending October 31, 2022 are CAD $92,000,000" https://taatglobal.com/blogs/q3-2022/taat%C2%AE-announces-2022-2023-financial-outlook-strategic-priorities-and-organizational-alignment  

[Frogzilla]

This post has been removed in accordance with Community Policy

[Malibu333]

what did YOU not understand in the press release? There see FAKE numbers! 92 million revenue by October 31, 2022!. NEVER!

[Frogzilla]

This post has been removed in accordance with Community Policy