Post by
TAAT2022 on Jun 12, 2023 5:01pm
Some facts beyond Sedar
As I said before the $8 million liabilities on TAAT Global Alternatives Inc books are 99.5% from the subsidiary TAAT International LLC.
Therefore when TAAT International LLC has completed it's Chapter 11V process you will see approximately $13 million in TAAT International LLC liabilities gone poof.
In turn those liabilities will eventually come off the parent company (TAAT Global Alternatives Inc) books.
As of Feb 2023 they are not payable, does not matter if you see that on Sedar or not, the Chapter 11V Court determines that aspect.
TAAT International LLC has been very smart in filing motions to eliminate those liabilities even before the Chapter 11V process is complete!!
Those motions are being granted. The first motion is already granted as they pertain to lease liabilities (Las Vegas) of around $4 million.
So in turn $4 million of the $8 million shown on TAAT Global Alternatives Inc are Court ordered gone poof.
Lingcod does not or refuses to understand this process. I on the otherhand find it child's play actually. In other words it's not rocket science.
My link below will show you the easy to understand truth.
https://ibb.co/8MHRNt7