OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Jan 23, 2017 10:48am
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Post# 25741117
RE:RE:RE:RE:Marin Katusa on Alterra
RE:RE:RE:RE:Marin Katusa on AlterraBoldForbes;
I enjoy your philosophical musings. However, the whole story is about management. I say "enough already". They have been wasters of shareholder money for 6 or 7 years. How much time do they need? I fear that they are deficient in grasping basic business. Basic business means many things and it includes the ongoing need to sell output above cost. There has not yet been a tiny sign that they have that ability. We got rosy promises for 25 Quarters. We then got 25 (or 24?) failures to deliver. Each failure has been followed by a new set of rosy promises.
How long should the Board tolerate this waste? Another 5 years? Another decade? Another Quarter century?
Bloggers are free to post positive feelings. So far, the only positive that I can see is that the scale has risen bty50% recently with more growth on the way so there will be more revenue to absorb the fixed overhead burden.
That is it.
mat