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 > Dissenting Shareholder

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Post by reggiemanon Mar 28, 2015 3:04pm

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Post# 23573027

Dissenting Shareholder

There is a procedure if you want the fair value of the company if it ends at $0.50/share, and you think it's worth more. This is called Dissenting Shareholder under section 185 of the Business Corporation Act, 1993 (Ontario). Just ask for a certificate of the number of shares held before the buyer picks up everything in August. At that time the buyer can't take your shares because you hold your certificate personally. Then there is a procedure and a time to notify the buyer that you are dissenting otherwise you lose all your rights. I'm in this process and there is a big difference between the value of the company and the price the buyer wanted to give us. In this folder there is a hostile bid and I don't know if this applies to ALLANA'S situation. It will take a few years and a assessment of the company. This is possible for dissenters gather to share the costs. Made your own decision it's just an information.

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