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 CDeeGreenon Apr 18, 2012 4:24pm

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Post# 19809480

RE: Share buyback

"Share repurchases are an alternative to dividends."

Valid point under certain conditions..........but the company issued the shares first through the financing, then it is buying them back at a lower price.....So the shareholders who had shares before the NCIB are only getting the benefit of the price difference between selling and buying along with other possible benefits that I may be overlooking or not aware of. Isn't this similar to shorting your own stock?

Getting stock out of retail hands into stronger hands? AAA issued the stock in the first place through the Bought Deal. That argument makes no sense to me.

Look at AAB another company that Forbes and Manhattan has an invovlment in. AABalso announced a NCIB in Feb/11. AAB was trading at around .75 now it is at .485 after 1 year of giving this "dividend".

Not bashing....... just my observations and opinion.

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