MXG on the TSX
OTC:MXGFF on the OTCBB
Maxim Power is an independent power producer based in Canada but with it’s major operations in the Northeast United States, followed by France, with the Alberta power market it’s smallest. Maxim shareholders have suffered for a very long time, with promises of growth stymied by the company’s lack of scale, stumbling in it’s US and French businesses, and then the collapse of the Alberta power market due to low energy prices combined with the election of an anti-coal NDP government in Alberta.
With the recent ousting of the company’s long time CEO John Bobenic and the replacement of him by Chairman Bruce Chernoff, management and the board are aligned in their desire to sell off the business, someth…
Read the full article at: http://seekingalpha.com/article/4011448-maxim-power-liquidation-final-innings
