Bullboard - Stock Discussion Forum TAAT Global Alternatives Inc C.TAAT

Alternate Symbol(s): TOBAF

Healthcare Household & Personal Products

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

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TAAT Global Alternatives Inc > Malibu333 A Quick Accounting Lesson

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Post by TAAT2022 on May 08, 2023 5:48am

Malibu333 A Quick Accounting Lesson

Deficit is not a payable liability within the structure of a corporation. There are many websites where you can learn basic accounting as it pertains to Corporations, I encourage you to seek them out.

What you might be better served to look at is liabilities.
Therein you will find that because of TAAT Global Alternatives Inc subsidiary TAAT International LLC going through chpt 11V that the end result will be that TAAT International LLC sheds over $11 million in liabilities.

Therefore the parent company TAAT Global Alternatives sheds over $11 million in liabilities, thus making the parent company virtually debt free (liabilities free).

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