Post by
Lingcod on Oct 26, 2023 6:36pm
Quite the day.
I think most investors have realized taat is heading towards bankrupcy and soon.
No products, no sales, Adco doing bad, huge debts they cannot pay. Mgmt saying
they consolidated at 70 pennies a month ago, in order to issue shares to pay for debts.
Taat has no access to credit, none.
And the fact is any debtor, has realized taat company and accepting shares is a very very
bad idea, due to taat mgmt and their constant failures with the company.
Factually, the only ones making money on taat is the management, and thats who it was always about.
$5.85 to 1.9 pennies pre consolidation should tell any serious investor that this company is not
a good risk in any sense.
You can expect a 10 cent stock soon, before bankrupcy. There is no path forward for this company, they have destroyed it.
Cheap does not mean a good stock. It is cheap for a reason. Capitualation today as everyone wants out now. This is just a tax loss company now. No one who owned taat stock has made a penny, not one. All have lost.
3 million market cap, 11 million current liabilities due in 2 months, no money to pay as admitted by the company. 121 million defecit, 10 million loss so far this year, 15 million additional shares issued.
And the worst part ? Is that ceo saxon told and promised investors last year he would hold and investors forum every 3 months. Again, with saxon, this is just more words as he has never kept his word and no forums to date.
Saxon and management hold the responsibility, but shareholders who buy now knowing the facts, can expect further losses.
Sad how they turned this company into a financial disaster, but dont care enough to even let shareholders know just how bad it is.
Like the Bucee's which have been or so they say, in stores for 1.5 months, where is saxon to tell investors about whats going on ? The reality is that this was just another false promise, and taat has most likely been booted from Bucee's. Will saxon tell you this ? No !!!!