Alterra Power Corp. (fka MGMXF)

[terry hallinan]

Eddy,

"I have never had good experience with reverse split."

Little wonder.

A reverse always results from catastrophic events that can be the result of numerous causes, including former mismanagement that new management hopes to rectify.

I should probably say nearly all are cases of mismanagement but I am not cognizant of the entire universe of failed penny stocks. Some are serial reverse splitters. I don't know how such corporations keep finding new buyers but I guess P. T. Barnum' dictum that a sucker is born every minute holds.

Still there are cases and there are cases.

Ross Beaty with training as a geologist has a long history of success in the rough and tumble business of finding, developing and selling mining properties:

http://www.bloomberg.com/research/stocks/people/person.asp?personId=6090548&privcapId=52314107

Ross blundered disastrously in his introduction to geothermal power and has diversified away from geothermal - wrongly in my opinion. I like run of river power but not the popular wind and solar because they are undependable and very expensive as a result.

What should you do?

- Whatever you think best in my opinion. I am not an investment adviser and doubt the value of any.

All the best, Terry