OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Jul 14, 2016 9:36pm
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Post# 25054537
RE:Alterra Power Arranges Extension to Iceland Bond
RE:Alterra Power Arranges Extension to Iceland BondBold Forbes
For each 1,000 extensions to funding, roughly 999 are done at a lower rate. I have not read about nor have I heard about any other deal where rates rose
But we must remember one thing. The other 999 do not have AXY management. Incompetent management is exactly what leads into silly situations like this.
AXY by law had to admit the raise in rates. But they provided no reasoning and for a reason. There is no logical business reason. Just management getting into a bad corner. That's it.
One day soon they will see that the gig is up. This cannot go on for much longer.
Performance in general stinks
Matilda