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Alterra Power MGMXD

Utilities Utilities - Independent Power Producers
Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.


OTCPK:MGMXD - Post by User

Alterra Power > How do we tender our shares?
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Comment by dean0198on Jan 24, 2018 1:36pm
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Post# 27425027

RE:RE:RE:RE:RE:RE:How do we tender our shares?

RE:RE:RE:RE:RE:RE:How do we tender our shares?My understanding is that the deal will never exceed 8.25 per share, the cash portion (25%) and the number of shares of INE (75%) was fixed based upon INE share price when the deal was anounced.

Currently Alterra trading above INE share price X share ratio 13.70 x .5563 = 7.62 but AXY at 7.77, so smart money or not so smart money figures 7.77 is the proper value for AXY at this point. 

Will be interesting to see what happens after tomorrow because at that point the cash option will be the default for anyone holding AXY.
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