Alterra Power Corp. (fka MGMXF)

[terry hallinan]

Jaguar Financial Corporation...announced it has acquired, through purchases on the TSX Venture Exchange, an additional 1,000 common shares of Alternative Earth Resources Inc. ("Alternative Earth") (AER.V) at a price of $0.065 per share for an aggregate purchase price of $65.

WOW!!! A whole $65 huh!

AER is the sad wreckage of a once glorious effort to develop one of three widely lauded geothermal projects in Nevada.

Things, obviously, went far worse for the start up than Ross Beaty's disastrous misstep in Iceland. In AER's case the reason for failure was never clear. Drilling had seemingly confirmed a very promising resource and then disaster struck with development as cooling proceeded apace.

This was a sad case of exceeding the limits of knowledge unlike the more usual management incompetence and malfeasance.

I expect Alterra Power will eventually leave its stumbling start far, far behind invisible in a rear view mirror.

Best, Terry