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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 Ethanbrodie123on Mar 28, 2015 10:42pm
182 Views
Post# 23573718

RE:Numbers

RE:NumbersAlso what I don't get is why Icl basically bought in at about .50 cents with warrants to average like 55 or so a year ago. It was pumped by management that they bought in that low because they brought alot to the table.. etc.. which, on the surface is true forsure.. I was ok with that. Since then, the contracted pirce of potash went up a little, sop the same, we used an extra 20 million to do the optimization programs, started FEED, and did an amazingly positive PEA of the SOP. (which management said they were only getting valued for the MOP side) So here is my brain dead question to cantor fitzgerald and the rest of the bozos who think this deal is fair... 

If ICL paid that a year ago, all of this progress has been made, and we added 1.6 BILLION in npv... couple that with a stabalizing mop price (which was uncertain at the time last year and is slightly higher this year) and ICL wants to TAKE THE WHOLE PROJECT = higher premium historically.. it is a given.. add another chinese company wanting to do a deal and all our all star management could muster for us is a .50C takeover? Who in their right sane mind think this is remotely a fair deal?  (this is assuming management hasn't been blatantly lying about support from the banks not falling through.. which I think is the big question) Anyway, I would much rather do a financing and put this on hold until someone wants to actually work with us.. Didn't management say ICL was in a desperate shape so we have an upper hand in negotiations? hahahaha they sare such a joke.. People like that should actually have to face the investors that they've lied to and face the musi and put it on public display. You would have to be mad to think this is a remotely fair deal. plain and simple. 
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