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

Alternate Symbol(s):  TOBAF

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

CSE:TAAT - Post Discussion

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Post by Lingcod on Oct 12, 2023 4:41pm

Some facts.

Taat has now pre consolidation a week ago, has its shares now at 3.9 pennies a share.
That is down from $5.85 a share 2 years ago.
11 million in current liabilites due in 3 months, and last quarter taat' earnings were a loss
of 5.5 million.
q1, loss 3 million, q2 loss 3.2 million, q3 loss 5.5 million
Q2 current liabilites of 7.7 million, q3 current liabilities of 11 million.

As you can see, since consolidation, taat has lost over 33.33% of its share price value.
Debts have skyrocketed. Taats financials say taat has no or little money.

3 auditors in the last year say taat WILL go bankrupt without short or long term money.
Taat stated they were consolidating shares to pay their debts, however stock has lost 
33.33% of its value since then, putting huge pressure on how to pay debts.

As it was noted, taat would have to issue over 28 million shares just to pay their current debts !!
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