TAAT Global Alternatives Inc C.TAAT

Material news unreported???????

[synectix]

From Boksburg MD?A Jan #0/23

BOKSBURG VENTURES INC.
MANAGEMENTS DISCUSSION AND ANALYSIS
Year ended September 30, 2022 and 2021
3
Overview (continued)
On January 13, 2023, the Company advanced TAAT Global Alternatives Inc. $400,000 in exchange for a
promissory note. The principal is due the earlier of January 16, 2024 or the closing date of the purchase
asset agreement. If the principal amount is not repaid in full when due, the borrower agrees to pay interest
on the unpaid principal amount at a rate of 5% per annum until the full and final repayment of the principal
amount of this note.
On December 14, 2022, the Company entered into an asset purchase agreement with TAAT Global
Alternatives Inc. (“TAAT”) to transfer and sell Break Free, a mobile application comprised of proprietary
pending U.S patents and trademarks covering a smoking cessation mobile application (the “Transaction”).
The CFO of TAAT was a former Director of the Company. On successful completion of the Transaction,
the Company will receive an aggregate of $3,600,000 in cash and 17,000,000 in common shares of TAAT.
The Transaction is subject to shareholders approval and CSE review.
On November 1, 2022, the Company entered into a license agreement, whereby the Company was granted
an exclusive non-transferable worldwide rights to use the vendor’s name on the mobile application. Under
the terms of the license agreement, the Company paid an initial licensing fee of US $500,000 and an
additional distribution fee of US $230,000. The license agreement expires 9 months from the date of
issuance.
On October 24, 2022, the Company announced that it acquired Break Free, a smoking cessation mobile
application. Break Free is comprised of three separately-filed US patent applications related to smoking
cessation in a mobile application. Break Free's target market are individuals looking to quit smoking and
are owners of a smartphone, either Apple iOS or Google Android. The mobile app focuses on using a
holistic approach to monitor and track smoking-related habits and data points. The Company paid an
aggregate of US $200,000 and issued 15,000,000 common shares as consideration for the acquisition of
the Break Free application.
The Company plans to build further value for the Break Free mobile application through development
activities such as, but not limited to, building brand awareness, marketing and development partnerships
with other companies in the nicotine smoking cessation industry, offering commercial advertising
opportunities or considering other types of commercial transactions to enhance the value of Break Free.
These are forward-looking statements and by their nature, involve known and unknown risks, uncertainties
and other factors which may cause actual results, performance or achievements, or other future events, to
be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. The Company does not intend to comment further on its strategy to build
additional value to the mobile application unless and until material news develops in connection therewith.
On June 13, 2022 the Company announced that Mr. Kevin O’Mahony and Ms. Jessa Patterson have been
appointed as Directors of the Company. Mr. Joel Dumaresq and Mr. Peter Nguyen have resigned as
Directors of the Company. The Board would like to thank Messrs. Dumaresq and Nguyen for their services
to the Company.
On April 8, 2022, the Company reported that during the year-ended 2021, the Company pursued a
transaction with an advanced technical materials company (the “Target”) whereby Boksburg would acquire
all of the issued and outstanding shares in the Target by way of a business combination agreement. As a
result of certain material misrepresentations made by the Target, Boksburg terminated the transaction in
September 2021. The Company is currently looking for new opportu

[Eskimoman]

......so....Boksburg lent TAAT 400k then TAAT turned around and gave Boksburg 3.6 million in cash plus 17 million shares?.......did I read that right?.........

[Frogzilla]

This post has been removed in accordance with Community Policy

[TAAT2022]

I see nothing wrong. First time investing for you?

[Eskimoman]

...hardly.....but can't say I've seen too many deals quite like this one....call my question a soft bash if you want but syntex makes some valid points....we all aren't going to agree all the time on how Mgmt performs but if you think this is such a straight forward deal I'd be asking you if this is your first time investing....I never said it was a good or bad deal....but I will

[Alleycat7]

Patents are not easy to come by, just ask Taat. Now buying something that may work and waiting on more patents. I've been long since the beginning but losing faith. Too much going on imo and not much getting done especially for the shareholders.

[TAAT2022]

Nothing unusual. You cry wolf on what you have no understanding.

[Frogzilla]

This post has been removed in accordance with Community Policy