Post by
BoldForbes on Mar 27, 2017 5:26pm
Restructured Operations; Now Restructure Board
Not new ideas for this board and I did have a nice long post which StockHouse took forever to post and them timed out...
The department heads realigned (restructured) and this should begin to payoff after a few quarters; hopefully faster.
That is the company restructuring. Perhaps now it is time for the shareholders to restructure? We have ~20% more shareholders due to the offering who are down ~20%+. Larger shareholders might be wanting to restructure the board; perhaps it is time?
Why not? Alterra might have become too dependent on Mr. Beaty: on his financing (he refinanced ~1/2 of the loan last year); on his capital (he invested more shares in the offering); and on his reputation.
It might be time to bring in additional, energetic, innovative, inspriational leaders who can help navigate Alterra's future.
Do I believe in the company? Yes!
Will I invest more? Probably. Traveling a lot and I don't know if I will have time to make the transfers to get the shares at the price I would like.
If you believe in the future or that the annual shareholders meeting in the first week or two in May will be a spark, this could be a good entry poitn; eventhough emotions are probably telling you sell. Discipline, may help you average down...or lose the kitchen sink...investors believed ~6 months ago it was a $6 CAD stock and they seemed to have made progress on projects (future revenue and profit) since...
Get ready to vote!
Bold Forbes