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 > I never saw a comment on this yet?

<< Previous

Bullboard Posts

Next >>

Comment by dachuteisreadyon Aug 01, 2014 1:52pm

252 Views

Post# 22803500

RE:I never saw a comment on this yet?

dachuteisready wrote:

Re: POSSIBLE BUYOUT

in response to Re: POSSIBLE BUYOUT by Sandman19

posted on Jul 24, 14 11:59AM (Log in to use the IP Check tool) [?]

Is anyone actually thinking ICL won't take this project out?

The deal is setup in every way for ICL to take out the project. From the warrants (both volume, pricing and duration), to the retroactively priced private placement (that let ICL take a huge chunk of shares and warrants _below_ market price while claiming they paid a huge premium), to ICL technical collaboration (read: ICL will design the mining process so it meets their requirements since they will own it at a later date) to the full off-take which is merely academic since they intend to buy the project.

The only real speculation is:

1. When?

2. How much?

3. Odds of a catastrophic act of god/war/political instability/complete collapse of the potash market.

Ultra cheap buyout in the works? Safety play.