Tiderock Companies Inc (TDRK)

[ground_fog]

Tiderock Companies and MTAG Composites Execute Binding LOI and Agree to Extend Closing Date

BOSTON, MA / ACCESSWIRE / April 2, 2024 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC Pink:TDRK) announced today both parties have executed a binding letter of intent and have mutually agreed to extend the closing date of the proposed merger to April 30, 2024.

During due diligence, it was determined that based on the current growth opportunities at MTAG along with the strategic nature of its services, it would be imperative for Tiderock to also acquire the Real Estate along with all the operating business. MTAG Composites is located on 4.5 acres encompassing five (5) building providing over 61,000 sq ft of manufacturing space. With the existing sales pipeline, it will become imperative additional buildings on the property will need to be constructed supporting its short-term growth.

Both parties have agreed to work towards an April 30, 2024 closing date, but have incorporated an additional 30-day extension to support the real estate transfer, if needed.

About Tiderock Companies, Inc.: Tiderock Companies is a diversified investment and advisory services company, specializing on real estate, land development, infrastructure, and private equity. With over 20 years of real estate experience, the Company specializes in land development, mixed-use real estate development, project management and public-private partnerships. Tiderock Companies, Inc. (OTC Pink:TDRK) is headquartered in Boston, MA., and can be contacted at www.tiderockcompanies.com or by phone at [phone].

About MTAG Composites, LTD.: Established in 2008, MTAG Composites https://mtagcomposites.co.uk/ specializes in the manufacture of high quality Phenolic, Epoxy and Polyester Glass Fiber and Carbon Fiber reinforced plastic moldings with a diverse product mix for customers within the aerospace, automotive, marine, rail and construction industries. MTAG manufacturing facilities consist of over 61,000 sq ft based at Coningsby, Lincolnshire UK and employ over 120 employees.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

For more information:
Tiderock Companies, Inc.
53 State Street, Suite 500
Boston, MA 02109

Thomas B. Fore, CEO
Email: [e-mail]
Phone: [phone]

SOURCE: Tiderock Companies, Inc.

[georgeofthebungle]

https://www.otcmarkets.com/stock/TDRK/news/Tiderock-Companies-and-MTAG-Composites-Execute-Binding-LOI-and-Agree-to-Extend-Closing-Date?id=435544

[Geegee678]

They had an LOI but it doesn't look like it was binding from this press release ( although I'm pretty sure some in this board said it was?)

https://www.accesswire.com/835069/tiderock-companies-and-mtag-composites-to-merge-to-create-global-materials-company

[10thMountain]

At least there are bigger bids now. We’ll see what happens

[i_like_bb_stock]

Great share structure and deal I don’t get it

[tedpeele]

Yeah - look at what they just got - not what they didn't get: It still looks like a huge bargain - maybe we need some EPS numbers...

Stervc may find this one interesting and be willing to work up some projections. With this share structure this could still go up much higher but I know we'd like it to be sooner rather than later.

[vinsterr]

I’m surprised also I really thought we would be over 02 by now, oh well the market will eventually catch up on this REAL company!

[TrendTrade2016]

OUCH...OWNERS DILUTING

[i_like_bb_stock]

wtf do people want? theyll buy some dogshit tripw ith billions of shares truly unreal

[tedpeele]

Right. It's a bit puzzling but $25m is great - as BB pointed out the MTAG Composites may come later as the PR said, perhaps certain aspects proved difficult to navigate at this time

[edro]

I'm thinking we get some initial sellers of this stock on a knee jerk reaction to not getting a full acquisition,then we go up when smart investors realize the revenues being brought in. Patience will pay here.

[i_like_bb_stock]

Seriously

[ground_fog]

$25 mill in revenue look at the NAZ garbage with zero or little rev and this is under .02. It will get found

[edro]

I mean geez!We are the exclusive global distributor,and MTAG GETS 1 seat on BOD. BOTTOM LINE IS WE'RE DEFINITELY BRING IN MORE $ THAN YESTERDAY,and then it should follow that our stock should be worth more than yesterday. Simple logic!

[10thMountain]

Stop bashing and move on

[georgeofthebungle]

I didn’t lie to you all. The company did

[georgeofthebungle]

Geez. Didn’t know we had such a loser crybaby on the board. Don’t cry too hard

[edro]

Exactly!TDRK didn't give up cashand proffered stock for nothing!

[i_like_bb_stock]

I dont get it its still a great merger and more than likely the rest will come later

[10thMountain]

Shut the f*ck up and move on

[10thMountain]

Then why are people pudding and moaning? I haven’t read it yet

[georgeofthebungle]

I’m out. Good luck to everyone

[georgeofthebungle]

They short shafted shareholders. The LOI was for MTAG composites and that’s what we thought we were getting and now they are getting a previously not mentioned distribution arm. Big shaft. Shady

[Hymeeto]

Only 3 people are excited - LOL

[georgeofthebungle]

Looks like they didn’t acquire Mtag composites though. They acquired a small part of it. Not good.

[Hymeeto]

LFG

[i_like_bb_stock]

merger is finalized, this is an awesome merger and worth alot more than where it is now! https://www.accesswire.com/866695/tiderock-companies-completes-strategic-acquisition-to-form-global-materials-powerhouse

[JJZander]

Boom! News!

[10thMountain]

Hopefully

[Hymeeto]

ETRF wally is RETAIL. Dumping his shares just before the finish line to go probably chase another play!

[WHITTENHALLJR]

Man we’re close….

[10thMountain]

Has there been news?

[Hymeeto]

Someone about to lose their share soon - TICK TOCK

[Hymeeto]

Some real tools trading this, probably on this board too.

[rbb]

pretty obvious, they keep pushing the ask below the last sale...

[Hymeeto]

Total manipulation, someone doesn't want this going. Totally undercutting the PPS

[eur06]

Manipulation: they just don’t want it go up!!
We’ll see.
TDRK

[WHITTENHALLJR]

Those sellers are kicking themselves now

[rbb]

here we go,,,.0228 - $TDRK

[The GidDy uP Kid]

.019sss…

[The GidDy uP Kid]

GidDy uP TDRK…

[The GidDy uP Kid]

TDRK .0167… setting uP a hammer…

[Poundthetable]

Oh yeah it’s coming a little patience $$$$

[rbb]

SS unchanged, volume picking up - lets chew through this seller...$TDRK

[eur06]

Thank you, I was just specifying that 600k revs (projected) would not be too appealing at this point, RM is the real interest here.
Btw someone is unloading shares besides manipulation it seems.

[Geegee678]

No, he is saying they have more revenues than any other time, so they were making positive strides already and now with merger, even better. Is what he is likely saying

[eur06]

Exactly... daily manipulation.

[edro]

No buys today? Wow!With filings out yield sign is only a formality.

[Poundthetable]

These daily pullbacks don’t impress me

[eur06]

You mean 600k revs are better than nothing well then ok.
New co. should bring12M with merger!
TDRK