OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Dec 04, 2017 8:05am
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Post# 27083064
RE:RE:Voted For Transaction
RE:RE:Voted For TransactionNewstock44,
I hear you loud and clear! I am voting for the transaction, because I was a part of the less than 1% who voted against the board this year (except for Mr. Beaty). You can go back and read into my frustration from a year ago and earlier this year.
The combination allows me to be a part of what appears to be a better management team and larger organization. What might have taken AXY well over a decade to accomplish, if they could have done it...just occured in a few months (if the vote gets approved).
I believe Mr. Beaty had some of the same frustrations, but could not vent them; a good leader motivates and messages well, doesn't tear down.
Do I believe the AXY is seller to "cheap" on a valuation of assets? Yes! But why? Management? Probably. Cost of capital = self confessed => Mr. Beaty might have been is own problem here. Why would a bank lend at 4%, when an insider is getting 8%? (Read my Thank you and you are welcome post)
Glad to hear you averaged down and your risk paid off. Well played sir,
BF