First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

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First Tidal Acquisition Corp

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Comment by str8tgoodson Jun 09, 2010 4:28pm

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Post# 17174405

RE: Clarification news coming

likesmoney, are you just speculating on "clarification news" or is this what you have been told?

The only thing I would like clarified is "why" Allana stated in their previous news release that results would be released as they are received, and now they have changed their intentions.

Mind you, it's only to wait for this 3rd hole, but it would be ineresting to know "why" they changed their mind.

Again, I think that if results were negative (low potash %), then I doubt they would continue with the second rig.

"Farhad Abasov, president and chief executive officer of Allana Potash, stated: "We are very pleased that the initial two holes seem to confirm the shallow depth of the potash beds and, in the case of the second hole, provides us with preliminary evidence of a potentially increased resource. We intend to report the assay results from the first two holes immediately after they are received, and we also intend on accelerating the drill program by bringing in another drill rig."

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