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Great Ajax Corp T.AJX


Primary Symbol: AJX

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.


NYSE:AJX - Post by User

Comment by dt_coreon Jun 07, 2021 4:20pm
170 Views
Post# 33342239

RE:RE:RE:RE:Happy June 7th!

RE:RE:RE:RE:Happy June 7th!Given the lack of press release my read into that is the stay has ended and no agreement has been found. The defendants are filling an action to dismiss, which they had to do as part of formalities, and that will get rejected and courts will decide. At this point AJX can refill a motion to prevent Ag Leader from selling products that infringe on patents though it's a coin flip as to whether the judge will allow it OR instead wait until the decision and have Ag Leader instead make restittuion for the sales that infrindged on the patents (i.e. big cheque to AJX).
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