Post by
materialsgirl on Apr 19, 2017 2:15pm
Intermountain Wind pinpoints AXY as the stooge to take over
Intermountain Wind is a pretty smart organisation. They know business and they know a stooge when they meet one. InterMountain officially said that they identified AXY as a logical buyer of the asset that they had worked on for 10 years. What they really meant was that they were looking for a gullible unsophisticated target that was math challenged so that they could sell the development at an inflated price. Who is clueless when it comes to overpaying for wind assets they asked themselves? AXY immediately came to mind.
Congrats to Intermountain. No point is us blaming them.
Note that the press release does not even mention money; how much they paid, what return they expect etc.
This is good for green energy and it creates jobs in the USA and is good for the environment in the USA. But there was nobody at the table to negotiate on behalf of AXY shareholders.
As the Donald might say this will be another total disaster for AXY shareholders.
The current Board has to go. They lack the required math knowledge
mat