OTCPK:MGMXD - Post by User
Comment by
Beetle21on Aug 06, 2014 12:52am
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Post# 22812360
RE:Dividend Would Be a Bonus
RE:Dividend Would Be a Bonus
A dividend would be great. On a previous call they were asked about the plans to pay a dividend. In the call they gave the figure of a payment or dividend that HS Orka paid up to the holding company Alterra owns. They were asked when this would flow through to the shareholders. The answer was when the debt or bonds that financed part of HS Orka were paid off, then they would consider distributing the cash to shareholders. No cash from this to shareholders until 2018 at the earliest.