Maxim Power Corp T.MXG

Idle thoughts

[friendlytrends]

CPX sells assets worth $340 mm on Nov.26th. This "enhances its financial flexibility."
Cpx has bought offering of $450 mm on Dec. 11th.. "The Company intends to use the net proceeds from the Offering to fund future potential acquisitions and growth opportunities and for general corporate purposes."
MXG with a market value of around 330 mm is a low hanging fruit.
The reason I am concerned with holding this company is I can't find a mission statement. There is no mention of future expansion or what the directors' intentions are. I would rather hold and see the company grow but an outright sale would answer my concerns.
Can anyone point me to Maxim's objectives? Thanks, Terry

[longrun86]

This is the number one question that I and a few other shareholders I know have. A one location power company either needs to expand or sell (at the right price).  Considering the balance sheet and cash flow profile, Maxim has great options here. The alignment with Management and the controlling shareholders gives me confidence that they can be opportunistic. LR

[TheCrazyAcct]

It appears to me that the controlling shareholders does not appear to be thinking of expanding because the company cleared off all debt and the controlling shareholders exercised the conversion of debt to equity ....  then promptly issued a significant special dividend.   If I am not mistaken, the value of the special dividends declared exceeded the total debt value converted by $2m

[tinkvid]

I am going to take a run at all your questions and Queries......I AM a shareholder of this company and will continue to be as the Management WILL create value as they tap their connections or their connections tap them. Can anyone point me to Maxim's objectives?> Oh quite contraire......Milner operation, stability, producing cashflow.....Sale of Met Coal assets just waiting for the

[tinkvid]