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Bullboard - Stock Discussion Forum Alterra Power MGMXD

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 Discussion

Alterra Power > Mat I go with #2
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Post by Newstock44 on Jul 09, 2016 5:45pm

Mat I go with #2

Carson said he was going to fix this crazy outstanding shares recently so I would guess it would be more like 10 for 1. When this does happen and it will the stock should trade at $5.00 US on the Nasdaq, with only 44 million shares it could easily pay out a dividend but it won't until the company buys back some or Beaty buys more and adds to his 34% control. This is of course why I am long just like Boldforbes, also could be # 3 reason maybe a buyout. Cheers 44
Comment by CanadianJrs on Jul 10, 2016 8:31am
A 10 to 1 restructuring would only put the shares at a value of $1 to $1.10. But still preferable over the current share structure and value. As for dividends, that's at the very least 12 months off or better. GLTA
Comment by CanadianJrs on Jul 10, 2016 12:23pm
Sorry numbers are wrong there. Initially you are right it'd be about $5 CDN per share but until there is a steady revenue track record they'd fall to about book value likely. Sorry about the mix up on my numbers. Currently working off my phone while my computer gets fixed
Comment by BoldForbes on Jul 10, 2016 3:40pm
Definitely long!  The latest run has me hopefully for a new floor, which after years of patience might lock in a solid return, making the future even more rewarding => right inline with more power generation coming on line! 1.  Ross Beaty is a winner.  He found a few years ago he is not in mining and did what intelligent individuals, savy investors and prudent leaders do = he ...more  
Comment by tayjon80 on Jul 11, 2016 1:13pm
Nice post Bold.  Been here for a couple of years also, betting on management to be honest and it does appear to be going in a good direction.  So staying and hoping momentum continues.
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