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.

TSXV:AAA.P - Post by User

First Tidal Acquisition Corp

Bullboard Posts

Comment by edxon Apr 17, 2012 12:21am

177 Views

Post# 19801508

RE: RE: RE: RE: RE: Buy Back - Part of a IFC share

With the exception of preventing a hostile takeover or concern that you'll have a shareholder revolt on your hands, I'm not personally seeing any other reasons that, if I was Farhad, I would want to spend cash on a share buy back (and even then, I'd hope just the announced intention to do so would be enough and they don't need to spend anything actually doing so).

What's the point of propping up the share price for the short-term if debt-financing is around the corner? Right now cash is the single most precious asset any junior has - even more precious than pounds in the ground. Personally I'd find it silly to squander it on appeasing retail shareholder at this stage of the game. Appeasing retail shareholders is what you do after you're in production.

Bullboard Posts

Bombardier delivers Global 6500 aircraft to U.S. Army