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 > Really?

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Post by KerBeron Apr 06, 2020 9:56pm

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Post# 30885247

Really?

Jonathan Ladd , AJX director, has been awarded 212,344 rights to buy shares at .10 cents. This director earned $103,000 US ($145,300 CDN ) in 2019 in compensation and travel expenses. Can't find where he ever bought a single share on the open market. Why are we awarding this grant of rights to a director who has been on the board while the share price tanked? What sort of signal does this send to investors? Pigs at the trough comes to mind. Shameless.

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