OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Dec 22, 2016 6:22am
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Post# 25633846
RE:Any new developments expected?
RE:Any new developments expected?RDK,
I have had similar thoughts; especially when you combine this with Mr. Beaty's comments in the 3rd quarter (2016) call stating to expect more PR. It has been a pretty quiety quarter for projects.
Although it was pretty loud with financial maneuvering...
They have less than 10 days before the end of the quarter and year to make any announcements for 2016; then it is a fresh year...then they might be using the "quiet period" before earnings as an excuse.
In one of my ventures, 2015 was incredible growth, 2016 was basically flat on the topline. This was hard to explain to bankers, but we accomplished some amazing initiatives (in 2016) for our next phase of growth and are well positioned for 2017 (larger facility and team, more efficient operations, stronger pipeline, etc.).
I can see similarities in Alterra; 2016 was a year everyone was waiting for, it helped see where we are going. A lot of transitions during 2016, including several items which were not previously thought of by anyone or many (capital raise). The frustrating part is we can see the vision, but it continues to be just over the hill (everytime we climb up the next range). I continue to remind myself that my earliest target is in 2018, so for me patience is still required.
On a side note: I wonder if the capital raise was a test for something larger (else?). Sure it accomplished a few items for Alterra's balance sheet and financial strenght, etc.; but did it test the market for M&A, relationships, opportunities, shareholder resolve, will we see more activity?
Hopefully we will end 2016 on a strong note and begin 2017 strongly!
Happy Holidays + Merry Christmas,
Bold Forbes