First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

Industrials Conglomerates

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

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Comment by vilaon May 03, 2012 10:02am

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Post# 19865759

RE: RE: RE: Yara - AAA

Just suppose, hypothetically speaking, that Yara or another makes a hostile bid at the ridiculously low price of one dollar. Everyone here who has seen this type of scenario play out in the past knows exactly that this will probably start a bidding war and eventually Allana gets their white knight and the buyout is much higher.

I have a bad experience with low ball offers and white knight savior. The white knight overbids by two pennies, then the bidding war goes up to $1.20 from the white knight + a offer to CEO of a position of director in the white knight company, then recommendation to accept .... and bingo. The CEO was respected by all shareholders and it was totally an expected. I do not believe any White Knights; sometime I ask myself if the first low ball offer wasn’t orchestrated ahead so the saviour can get a better deal.

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