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Bullboard - Stock Discussion Forum Alterra Power MGMXD

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.

OTCPK:MGMXD - Post Discussion

Alterra Power > Abandon hope all ye who enter here
View:
Post by materialsgirl on Nov 10, 2016 11:46am

Abandon hope all ye who enter here

Ross Beaty and the Board must now accept that they are incompetent at running a
small energy company.  They seem also to be tone deaf to reality.  How blind are they?
There are of course none so blind as those that will not see.

No staff reductions, no major pay cuts, no action plan, nothing.

They continue to report really bad or sub-par results (Q3) and then explain how 
bright the future is.  They seem as removed from reality as the Donald.


They are running it as if it was a hobby farm which was owned by some super rich guy
that did not care about profits.

mat
Comment by CarpyDime on Nov 11, 2016 1:19pm
Maybe I'm not reading this the right way, but why would a growing company reduce staff or take pay cuts? Alterra is doing some pretty advanced drilling work in Iceland right now, Jimmie Creek is operating commercially (apparently on time and $4M under budget), progress is being made on a reasonably large scale Flat Top wind project, they have loans lined up and are moving forward on a couple ...more  
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