Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.

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Great Ajax Corp

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Comment by JonathanJSmithon Dec 19, 2016 10:38am

178 Views

Post# 25619078

RE:RE:insider buy

Boy your memory is terrible. FYI, Mark bought 35K shares just after his company "AgJunction" (i.e. the cloud business) got bought by Hemisphere GPS. As you know, they sold the cloud business after it underperformed for a small fraction of what they paid for it; consequently, Mark was let go from the BOD as there was really no reason to keep him on board (pun intended) anymore.

Basically, they paid about $7MM for the name AgJunction alone!

Cheers and good luck with this turd. I look forward to the reverse split and constant downtrend in price as I have no vested interest here.

JJ

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