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 > Let the negotiation begin.

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Comment by sparkyAgon Oct 16, 2021 7:56am

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Post# 34013128

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Let the negotiation begin.

Kubota needs AJX badly, more than anyone else. Kubota cannot get what they need without AJX shareholder approval. That is the way the system works. Only 20% of the vote is locked up under the agreement. Where are they going to get the other 46 and 2/3%?

I cannot believe that Kubota will quibble over a few 10s of millions of dollars to secure their future (catch up with competitors and improve their credibility).

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle