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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 > Dividend change
View:
Post by Newstock44 on Oct 11, 2016 9:49am

Dividend change

With the extra shares outstanding will this change now from 5 cents to say 4.. Maybe there will be a surprise, news to follow cheers..4.40
Comment by BoldForbes on Oct 11, 2016 10:19pm
Newstock44, Something tells me that they knew they were raising the equity before the dividend announcement.   -Dividend announcement was August 30th -New shares October 6th So ~37 days between announcements => leads me to condude this was planned.  Plus the legal documents need to be created and reviewed, investors lined up, etc. I do not believe the dividend will be diluted as ...more  
Comment by MOJOJONO on Oct 13, 2016 1:18am
Diluting shares then cutting the dividend would be a Class Action lawsuit in the making.
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