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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

Comment by tank1234on Dec 18, 2012 9:59am
231 Views
Post# 20744681

Number fudge

Number fudge

These numbers are fun and make my trading accounts salivate, however, they are based upon 100% debt/offtake agreement financing. If Allana needs to issue shares then our potential return becomes less. For example, if we require $100 million in equity share financing then the numbers become halfed given the current stock price. This assumption still makes the potential return on a 1 - 2 million tonne production exciting. The short term will be interesting and exciting for Allana and shareholders. We have placed  all our faith and trust in Mr. Abasov to get us to production. Mr. Abasov has delivered thus far which betokes a very bright future. 

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