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

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Post by franky06on Feb 21, 2013 8:17pm

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Post# 21026124

Cash burn

The report noted that Allana has "arguably the best liquidity position" of any of the names in its potash coverage universe. With an estimated $55 million in cash on hand, Allana should be able to sustain its recent spending pattern for over three years, without the need for an equity offering.

That was posted in september 2011... So september 2014 we could need equity offering

But lot of things could happen from here...IFC and world bank are there for something... Not for .05c

Time will tell

https://www.proactiveinvestors.com/companies/news/18990/potash-producers-allana-western-best-positioned-with-cash-says-mackie-research-18990.html

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