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Revenues were really good. Up to 17.4mil per quarter vs 515k last Q. Still burning cash though and the overall market is bringing down everything.
On the plus side... from a charting perspective, all daily gaps on TAAT have been filled.
I have a strange feeling it's not coming back lol
Judging by the chart alone, I would say shorters are done shorting OR there's good news coming soon. Similar to last time when I said it seems bad news coming and then earning were bad. Stay tuned :)
We're they switching the next earnings period so it's not offset by the 1 month? Can't remember if they announced something like that.
Use TradingView. Their charting layout is the best one out there.
TAAT enters into agreement to acquire Ohio based distributer. (Parent company of ADCO) With this agreement TAAT just increased its revenue by 10x. Very low dilution as well. Good job TAAT. ??
http://crweworld.com/article/news-provided-by-globenewswire/2301899/taat-enters-into-agreement-to-acquire-ohio-based-distributor-to-enhance-its-position-in-the-us-tobacco-industry
Yeah I bought most of my shares under 1$CAD as well. Sold all above 4. Rebought and scaled back in from 2.50 all the way down to 1.50 when we hit yesterday. In other words TAAT has to go bankrupt for me to lose money.
Share price is just numbers. Its a hard thing to learn to not let it get to you, but it gets easier every time. Especially with a company that's executed on all they have said.
For a growth company they are priced below normal right now. Their price to book ratio is under 20. I've seen growth companies have that in the 100s. The market is suffering a bit lately. Yesterday's low was a 15% drop in 2 weeks for the overall market. Growth stocks will get hit as a result. But if you believe in a company such as TAAT there are no worries in the long term. ??
Growth stocks always get smoked when the markets down. I would imagine most here are not too worried.
Big things coming. Stay tuned.
I bought 50 packs. I will give them out to a large variety of people.
Finally got my hands on the recon product. It looks and smokes great. Night and day vs the old product. I will be giving them to smokers and getting feedback as I myself, am not a smoker.
As long as the market as a whole is tanking we will most likely continue to bleed out. The market just had its worst week since the initial Covid February 2020 dump.
You would think, with all the news outlets talking about CBD helping with covid, that Tetra would be a bit more vocal right now. A simple update would be nice.
1.99CAD that is ;)
Whether you like the company or not, you can't argue that the last few days were a great buying opportunity. From a pure technical standpoint. Glad I loaded up at 1.99.
Great news today and unreal buying opportunity the past couple days, in general.
As far as charts, there is a gap from 1.55-1.61 that may possibly come into play. We were oversold on every timeframe, before we bounced, so we'll see if the bounce is real or not over the next few days.
If we close here, this is the worst weekly close we've ever had lol. In saying that, I bought a little bit here.
Earnings may not be for a while. I missed that Oct 31st was year end Q4, so annuals usually take a month or 2 longer. Maybe February-ish.
Hoping January brings some good news and some money into TAAT again. IMO I believe a bunch of holders are at the "show me the money" point, regardless of them still being in their infancy.
Happy New Year! Looking forward to 2022.
Apparently earnings are this week. I personally think it's a coin toss how good it looks as they were transitioning between version 1 and 2 of TAAT during this period. The next Q is the one I am most interested in with the full Q of version 2.0.
In saying that, if market doesn't like it, we could see a dip in the short term as we are playing with breaking major support today. People are impatient and want to see explosive growth right away. Altough I would expect that at some point in the near future, I doubt we are going 100% Q over Q on this one.
All IMO of course.
I see we have a pump group that magically appeared out of nowhere. Although I welcome you guys here, all the info you're posting is nothing new.
They are in over 2000 stores not 500 like in August. Crossmark has had the slowest roll out ever as they announced that almost a year ago but they've announced more deals with other wholsalers since then. The Floyd Mayweather fight was a waste of money imo. They did however start supplying London in the past week as stated in Friday's news release.
The company has earnings in a week. That is something new to look forward to as well. They will also seek TSX listing, which they will get, in near future. As well as the impending NASDAQ listing.
I believe 2022 is going to be a very explosive year for TAAT. This year may have been slow, but they were revamping the whole formula for the product. Now that they have that, they can roll out a lot faster and place in newer markets. Good luck to you all.
I believe we will see a run up mid December due to earnings at the end of that month. Could be sooner or later for a run but that's my hunch.
I will be paying a lot of attention to TAATs next 3 Q's. Ideally we are going to want to see over 2mil next Q and 5mil per Q by mid 2022, in my opinion.
TAAT earnings out on sedar.
1.3mil revenue
781k profit
6.9mil cash leftover
5mil spent in marketing
1.8mil spent on sharebased payments
7.7mil loss for the quarter
109mil shares outstanding now
Not bad in my opinion. I had hoped for 1.4mil revenue or more for a 100% gain Q over Q, but 1.3mil is close enough. The marketing costs we knew would be high with all the ufc and other sponsors. Even with the high expenses, TAAT is showing that in a few quarters they will surpass that and could even be profitable. Excited to see the growth once recon is out, as well as, the other countries they will be in with higher margins.
Yeah the daily EQ break was very nice if you sold on that signal and rebought. https://www.tradingview.com/x/YvIlqL8n
Daily volume tapering off a bit and not as many drastic moves. Things will be looking good if we can continue to trade sideways and have people accept this price level from 4.50-5CAD before moving higher.
Finally got our RECON news we were waiting for. Looking forward to trying the new product out. Lots of things coming for TAAT!
https://www.globenewswire.com/news-release/2021/09/03/2291624/0/en/New-TAAT-Facilities-Now-Operational-Tobacco-Wholesalers-in-Germany-Poland-France-and-Switzerland-Acclaim-Reconstituted-Beyond-Tobacco-Formulation.html
We still gotta add a zero to that 4 ;)
How is this chat room not hype right now. We blasting! That's the follow through and volume I was talking about!
A news release and Weekly Newsletter out today. In the video link from the newsletter, Setti mentioned the Recon material should have a news release within days to a week. Considering it's already been 2 weeks, I would imagine we see it any day now.
A couple directors added to it's board. It now has 4 independent directors "as required by leading stock exchanges". Ie: the NASDAQ.
https://mailchi.mp/efeabf24463d/taat-weekly-newsletter-8686289?e=d275191270
https://taatglobal.com/taat-global-alternatives-inc-improves-independence-and-corporate-governance-with-additions-to-its-board-of-directors/
Chart time. Currently the daily chart has slightly broke out of a daily equilibrium. Resistance is at the recent high of 3.88CAD. Break that with some volume for another leg up.
Summer is usually a slow time for all stocks. I believe we are doing good regardless of that.
The weekend provided some nice shots at the Champs event they were in. Part of me believes they are already selling the recon product because they had that material on display at their showcase. They also had it on the weekend prior where they won 1st place for best new product. Would like to see some sort of announcement regarding that soon.
Over 400 stores now. That's a dramatic increase since a few weeks ago. Excited to see the rollout expand even more so.
We rocking.
Surprising no one's chatting on this board. Quite a few nice days on TAAT. Even today was good. Deep sell-off for some consolidation followed by a recovery end of day. We needed the consolidation regardless so if we manage to move higher from here we're looking pretty good from a technical standpoint.
Good volume and push up yesterday/today. Could possibly be uplist or other substantial news in store, or... could also just be a short squeeze. Chart was pretty beat up. We shall see!
We're all here Dan! I've been patient on this one. Early investor from 80cents.
I believe most are waiting on the recon update as well as the nasdaq uplist. The summer lull is a very real thing as well in this sector. A lot of people assumed nasdaq would be 6weeks but I've seen a lot of announcements take 6months-1year. Anyone anticipating a quicker uplist are probably a little sour towards the stock currently.
The recon update (or beyond tobacco 2.0) is what I want the most. I believe if TAAT has a superior product that will replace what they currently have, they will most likely wait to expand quickly until after that product is out.
Time will tell. I'm not too worried about the week to week fluctuations on this one. I have a pretty good idea where it's heading in the long term.
Welcome to the board.
I'm pretty much maxed out on the share count I have. Will add if it gets to low 2s but I would rather it stick around here so it doesn't forfeit the NASDAQ uplist. Summer lull is very common in MJ world so TAAT may be grouped into that for now.
I'm mostly looking forward to recon material (ie: beyond tobacco 2.0) to be released. I have a feeling they have been holding back on expansion until that's done. Why start shipping a product like crazy when you believe you have a superior product to replace it in the near term? Just my 2cents.
Crickets... see you guys in September? Haha
Mayweather putting another ad on Instagram for TAAT makes me think they paid him in shares to be an endorser, not just per the one fight. I wonder how many they gave him if so.
TAAT financials on Sedar..
Highlights;
691k revenue
2.9mil in marketing
11.3mil net loss
96.4mil shares out
14.2mil cash leftover.
Pretty decent in my opinion. I was hoping to see over 500k revs at a minimum and they surpased that quite a bit. Marketing money spent was expected. Nice to see they had 14.2mil in cash as well. Expecting capital raise in the next couple months.
That flash crash just filled the long awaited gap at 2.77!
Further to what I said, the 1.25mil to Texas was said to be "fulfilled in batches throughout 2021", and the 150k to the UK was "in process" due to pack alterations. Not sure whether those distributors paid up front or not for those full numbers to be on the Q, so we will see. In saying that, over 1mil revenue is still a home run, over 500k is still a double, but under 500k is a strikeout in my opinion.
Earnings any day now. Anything north of 1mil is a home run imo. We know they got 150k in sales on the first ecommerce weekend, a purchase for 1.25mil to Texas and 150k to the United Kingdom, but not sure if they filled those orders within the Q. If they did, hopefully they meant those numbers in revenue and not "value of product". That would be a piss off.
There's 2 main catalysts this stock needs; Numbers and up list exposure. The financials should be here within 2 weeks. As far as the up list, who knows. I wouldn't be surprised if it's late in the year.
Many of the younger generation looking into TAAT, trade on platforms that only allow major exchanges. We will get there.
I'm ok with it staying low, I'll just keep accumulating.