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 > Allana and its peers (CEO compensation)

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Post by Potashinvestoron Dec 28, 2013 6:42pm

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Post# 22042680

Allana and its peers (CEO compensation)

Below is a table comparing the compensation for CEOs of potash junior (Other compensations include value of options distributed, fees, etc.). Allana is the only company with information for 2013.

In the bottom. I reposted the working capital comparison.
Simon

Allana Potash		2010	2011	2012	2013
Farhad Abasov	Salary	269,000	288,000	336,000	360,000
	Other compensations	533,000	970,000	595,000	693,750
	Total	802,000	1,258,000	931,000	1,053,750

Encanto Potash		2010	2011	2012
James Walchuck	Salary	111,000	180,000	240,000
	Other compensations	98,000	136,000	0
	Total	209,000	316,000	240,000

IC potash		2010	2011	2012
Sidney Himmel	Salary	251,000	295,480	535,000
	Other compensations	480,470	825,610	1,104,000
	Total	731,470	1,121,090	1,639,000

Karnalyte		2010	2011	2012
Robin Phinney	Salary	180,000	196,667	208,333
	Other compensations	1,101,880	84,450	631,720
	Total	1,281,880	281,117	840,053

Verde Potash		2010	2011	2012
Cristiano Veloso	Salary	103,395	144,926	426,850
	Other compensations	124,604	669,236	1,120,000
	Total	227,999	814,162	1,546,850

Western Potash		2010	2011	2012
J. Patricio Varas	Salary	204,000	220,500	240,000
	Other compensations	56,000	161,000	172,000
	Total	260,000	381,500	412,000

Net working capital = Current assets – Current liabilities.

Allana Potash

Currency in Millions of Canadian Dollars	Jan 31 2013 CAD	Apr 30 2013 CAD	Jul 31 2013 CAD	Oct 31 2013 CAD
TOTAL CURRENT ASSETS	30.3	23.1	16.8	12.8
TOTAL CURRENT LIABILITIES	6.1	4.3	7.0	6.5
Net working capital	24.2	18.8	9.8	6.3

Encanto Potash

Currency in Millions of Canadian Dollars	Dec 31 2012 CAD	Mar 31 2013 CAD	Jun 30 2013 CAD	Sep 30 2013 CAD
TOTAL CURRENT ASSETS	0.7	5.1	3.9	0.9
TOTAL CURRENT LIABILITIES	1.1	1.3	1.3	1.9
Net working capital	-0.4	3.8	2.6	-1.0*

*Exclude recent financing (November 2013)= $1.9 m

IC Potash

Currency in Millions of Canadian Dollars	Dec 31 2012 CAD	Mar 31 2013 CAD	Jun 30 2013 CAD	Sep 30 2013 CAD
TOTAL CURRENT ASSETS	36.6	25.0	18.0	12.8
TOTAL CURRENT LIABILITIES	3.5	3.1	1.5	1.9
Net working capital	33.1	21.9	16.5	10.9*

*Exclude recent financing (December 2013)= $5 m

Karnalyte

Currency in Millions of Canadian Dollars	Dec 31 2012 CAD	Mar 31 2013 CAD	Jun 30 2013 CAD	Sep 30 2013 CAD
TOTAL CURRENT ASSETS	26.3	63.2	57.7	51.8
TOTAL CURRENT LIABILITIES	4.0	3.6	2.0	2.5
Net working capital	22.3	59.6	55.7	49.3

Verde Potash

Currency in Millions of Canadian Dollars	Dec 31 2012 CAD	Mar 31 2013 CAD	Jun 30 2013 CAD	Sep 30 2013 CAD
TOTAL CURRENT ASSETS	18.4	15.6	13.7	11.8
TOTAL CURRENT LIABILITIES	0.9	0.4	0.5	0.6
Net working capital	17.5	15.2	13.2	11.2

Western Potash

Currency in Millions of Canadian Dollars	Sep 30 2012 CAD	Dec 31 2012 CAD	Mar 31 2013 CAD	Jun 30 2013 CAD
TOTAL CURRENT ASSETS	4.5	9.9	6.4	32.6
TOTAL CURRENT LIABILITIES	1.1	1.0	0.4	0.2
Net working capital	3.4	8.9	6	32.4