Alterra Power MGMXD

RE:RE:RE:Ross Beaty

[materialsgirl]

veracruz;

The point of the question was simply acknowledging that human nature being what it is men prefer to sell at a profit than at a loss.  So, for example, if his average acquisition cost was 87¢ per share (for example) then that would be one reference point.   To be clear, Ross did not "absorb" Plutonic.  MXY, the company he led, acquired Plutonic mainly (as I recall by issuing shares of MXY / AXY).   It may have been called a merger of equals but it was a straight takeover.  In hindsight, Plutonic might have done better on its own by expanding OR by selling to a takeover company with cash to pay.  Evidence of this does not exist and never can exist as time cannot be reset.

Mr Beaty, like all of us, has an average cost base for his shares which can be made up of subscriping to a share issue or by exercising warrants or options and by buying in the open market less returns from sales on the open market or by converting convertible debentures or bonds.  He had an out of pocket cost of owning Magma prior to the IPO  So, he does have a current average cost which is likely much higher than the current depressed market price

mat