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Damn. Picked up another 10k at .02. Should've waited. Got some more waiting at schwab to clear.
You clearly have no understanding of diabetes much less the diabetes market. There is endless information, clinical studies, and KOL opinions (not to mention common sense) all stating how much better CGMs are then BGMs, nobody thinks BGMs are better except you apparently. The issue is cost, not CGMs. Diabetics already have tons of healthcare related expenses like doctor/hospital visits, insulin, and BGM testing supplies, they can't afford another $25-$300 a month depending on copay for CGMs. If ALRT is able to sell 2 CGMs (a month supply) at the same price as monthly BGM testing supplies they will easily take over the market. No government, insurer, HCP, or uninsured person is going to pay 5x-10x the price for a CGM from Abbott or Dexcom. Not to mention it opens up CGMs for the 530 million+ other diabetics not using Abbott or Dexcom. That is also just taking into account the hardware aspect, they have proven the value of their software as well.
Why do you think diabetics don't use CGMs? Because they enjoy pricking their fingers to draw blood to check glucose 3+ times a day? You don't think that is painful? You don't think you miss a ton of data checking 3+ times a day vs a CGM checking every 3-5 minutes for 14 days? So why do you think only 7 million out of 537 million diabetics are using CGMs?
The problem with ALRTF stock isn't ALRT, it's whiny shareholders who know nothing about the company or the market the company is in.
Just peeled off 94K shares at $0.015. There's more from where that came from boys. Got another 100K sell order in at $0.016. Jump on it!
Waiting on ALRT to rocket us to the moon! 💤💤
Market data mean nothing when you don't sell any. Just because there is a market for it doesn't mean people want our product.
Abbott - 6mil
Dexcom - 1.7mil (2022)
"Dexcom said it recorded another record year of new customer starts in 2022, bolstered by continued demand for its G6 continuous glucose monitor. The maker of diabetes devices added about 450,000 new users in 2022 for a total of 1.7 million customers globally, CEO Kevin Sayer said on an earnings call on Thursday."
With those number we'd be lucky with 20k users the first year
Joe acts like abbott is a competitor, that's laughable, I doubt Abbott is worried. With billions of dollars available to market they could only sell to 6mil people, that really means we don't have a chance. Where I live Abbott is one of the most known companies.
Joe acts like abbott is a competitor, that's laughable, I doubt Abbott is worried. With billions of dollars available to market they could only sell to 6mil people, that really means we don't have a chance. Where I live Abbott is one of the most known companies.
There are 537,000,000 diabetics in the world and you are worried about Abbott having 6 million users? The fact that Abbott only has a 1% of the market share and they are the leading CGM manufacturer (with only one competitor, Dexcom) tells me there is something desperately wrong with how they are selling CGMs. The ALRT investor presentation on their website says on page 13 the biggest barrier is cost so ALRT is making an ultra low cost CGM paired with their diabetes software. Makes complete sense to me.
Not to mention just 5 minutes of research on diabetes and CGMs will turn up a ton of diabetic message boards and forums talking about the problem of cost and copays, and that is just here in the US and Europe. It's much worse elsewhere.
https://diabetesatlas.org/
Rdizz... seems that ALRT's human CGM is a dollar short and a day late. Everyone's been putting their bets on the pet CGM, and now I have my doubts there as well.
Joe Stern's REPLY: Abbot's FDA clearance for the Libre Rio and Libre Lingo are of no concern to us, as outlined in our investor deck we are not following their business plan of selling high margin CGMs (high cost) to a small number of diabetic patients. We are developing an ultra-low-cost model that will have lower margins but be accessible to hundreds of millions of diabetics around the world. Much more will be announced in the future but right now we are not prepared to outline all the details so a would-be competitor could try and copy or compete with our plan. Another thing human CGMs dont have is a diabetes management platform like the ALRT Diabetes Solution which will be what our CGMs work on. As noted in a recent PR, we have continually shown in multiple studies a significant reduction in A1C and received great reviews from those participating.
As I previously communicated in our conversation last month, we are not going to put our press releases until material events occur which we expect to be over the coming months as we go back to market with the new all in one version from our new manufacturer. We have already outlined what we are doing in launching the GluCurve in Canada and then in the US and EU through Covetrus followed by the rest of the world. We have also outlined we are working on an ultra-low cost CGM for humans. These things take time, there is nothing anybody can do to speed up time.
I SAW / HEARD THE SAME INFO .... I intend to reach out (once again) and encourage Joe Stern to begin a flurry of pertinent pending or current news related to animal and human diabetes. I feel their silence is starting to discourage investing!
Saw this article today
https://www.cnbc.com/2024/06/10/abbott-fda-approval-libre-rio-lingo-cgm-diabetes.html
In the article it states that Abbott currently has 6mil cgm users across 60 countries. That figure doesn't bode well for alrt since we aren't in any countries yet. If they average 100k per country then we'd be lucky to get 50k users
Saw this article today
https://www.cnbc.com/2024/06/10/abbott-fda-approval-libre-rio-lingo-cgm-diabetes.html
In the article it states that Abbott currently has 6mil cgm users across 60 countries. That figure doesn't bode well for alrt since we aren't in any countries yet. If they average 100k per country then we'd be lucky to get 50k users
Ok, I still may be one of the earliest investors at 1999. Feeling as you do, SGolfer, the money is spent and no worries if I lose it all. The upside, I feel, is greater than the downside. Good luck to all, including those that have lost patience with Mr Chan. Hang in there! Better times just around the corner.
gopher - oh I get it. Toxic dilution was Airborne Wireless (ABWN), which I got caught up in. After that happened, I promised myself that I would stay the h3ll out of pennies, Obviously, I didn't listen and here I am! LOL
What's ALRTF worth? IDK. I guess we can look at their outstanding shares, public float, income statement, balance sheet, and all that good stuff. It's anyone's guess as to what the company is actually worth, but I can't say it's worth much. You're right about what makes the share price move, since there is no trade volume. While I continue to hold, it's not like I have much choice, eh? There's just no interest in this company beyond the few of us die-hard investors. We're all hoping that changes, obviously. Just continues to appear like that mirage of a water puddle on the highway that you never catch up to! GLTUA!
lol, a tortuous situation exacerbated by the board mod... one whom deserves to have a hot poker shoved down her throat. talk about kicking people when they're down! what a miserable wretch she is... billy deserves even worse.
congrats on making it to 80! hope you're having fun spending that dough! :)
best regards,
mike
McKvee: I mistakenly stated 1995; it was 2005, when I learned of ALR Technologies and embarked upon this investing journey. I have no regrets ... more than once I have had an opportunity to profit and chose to wait. I truly believe I will be rewarded for my patient attitude. On the flip side, you talk out of both sides of your mouth; you are negative and have stated the BEARISH icon, yet have chosen to add more stock and randomly comment mixed sentiments on this board ... almost in a bi-polar way! I could care less what you personally do. My net return at .50 would be over $900,000.00 ... so, if you divide 20 years into that figure, I feel I would have been handsomely rewarded! I will encourage those that believe in Mr Chan and his company to hold their faith and believe their day is closer than ever to arrival! For those that doubt, they can sell or spew their negative ... but, it will not change my eventual outcome one measure. I feel sorry for those that read your posts and actually deem them as credible; hopefully, they see thru your ruse and will discount you as I have!
Cheers brother!! Considering all the stupid investments I've made over the years, including the 'smart' one where Billy skee-daddled with our millions, the residual emotional toxic fallout from them is nothing compared to the one time I was [figuratively] kicked in the stomach by a woman who I truly believed shared my love and devotion. My point being, this is just money, and now that I'm almost eighty years old and have managed to amass more than I ever dreamed or likely spend, I find that it has become at times a sort of nagging burden rather than the happy-dance godsend I'd thought it would be while younger. Just sayin'...
I still add 10K share blocs of this now and then, cheaper these days than an OZ before it was legalized, and both expenditures may turn out to have been well worth it [smile], and it's all in trust for my kid in any case.
gooferball, thanks for weighing in and sharing your perspective :) i do believe you are correct; we both suffered the slings, arrows, and tribulations of a particular ticker in the I.P. space... alas!
i decided long ago alrt either got me or it didn't, time will tell and i'm okay with it... caveat emptor and all that...
glty & glta!
I enjoy checking in here now and then, and I must admit I thoroughly enjoy both the positive and the negative posts. Positive, pie-in-the-sky, Pollyanna or simply hopeful stuff is nice and often necessary for some folks and for certain moods, and the reality-based negative venting frustrated posts are also welcome, and I must confess I find the latter extremely satisfying personally. I'm glad the relatively rare number of people here that actually complain continue to persist in spite of all the folks triggered by their sentiments. For example, I see the benefits of believing, following and then sleep-walking into the nuclear WWIII that our %@#! gov't is slow-walking us into, and I also appreciate the non-MSM truth-seekers keeping us advised of how close to the actual brink we are heading.
Maybe it's due to being born and raised in Steeler Country (for the record, gave up the NFL, my only 'hobby', due to the KaeperDick anthem knee) where teasing and mockery of one's pals and brothers was the main pastime in Pittsburgh, not to be confused at all with picking on the weak, the worst sort of unacceptable behavior back there and back then, but rather to toughen us up for the shitty future that awaited us: being drafted and/or working in the steel mills, the only two choices, options or likelihoods for most of us. Cheerleaders are necessary and wonderful to maintain or pump up an attitude [and not just as a personal stable for the QBs and other BMOCampus, even us weirdos and uglies enjoy watching hotties jump around], and cynics provide the solid foundation for understanding reality and moving forward in life on a somewhat even keel. Historically, Cynics in gov't are the counterparts of Court Jesters, both sharing the main duty of keeping their leaders grounded in reality: "remember, thou art just a man" etc.
It takes courage and strength to stand tall in the face of enemy fire, and it takes more than one of the scriptural virtues to support and uplift one's fellow travelers through hard times. I know some of yinz by handle from other tickers, but I know all y'all from having hung out with yinz all generically one way or another in the past. Hang tough kids, keep the faith, and maybe most importantly, keep smilin'... Cheers!!
Somebody is messing with you Mckvee. They sold $15 worth of stock at the end of the day to pay for parking or get a meal at McDonalds. The company is worth more than $.0152 per share. This is not your typical penny stock. Do you see them diluting shares to keep afloat? I know you and many others have been waiting a long time, myself included, but hang in there a little bit longer and make some money on this one.
ALRT only lost 24% today! Nice close at 1.52¢/share! Looks like I need to lower my expectations. Ok. Who wants to buy 295,650 shares off me at $0.015/share? AON. Last offer! 🤣
Thanks Mikey. I will.
yo john glenn, you should check out fidelity... no charge on trades including ALRTF and free L2!
Agreed....much preferred TD.
Reach out to scratchgolfer....he might take you up on that offer.
Plus, with TD you got Level II for free. Schwab doesn't - at least not that I can see. I miss TD as well.
Yeah...that is a bunch of BS. I have bought from Schwab (under alrtf) with like a 7.95 charge....last 2-3 buy orders have had the $50. I was in a hurry and did not want to argue....so ate it. Bunch of BS.
I tried to buy some more shares as well but Schwab is trying to charge me a $50 fee since it’s international. I miss TD Ameritrade.
I'll sell you 295,650 shares, AON, at 2.9¢ per share. Want 'em? I've made more money in a week after purchasing NVDA than I did in 6 or 7 years owning ALRT. If you buy them, that will give me another $8,573 to buy more Nvidia stock 🤣
Bought 10K more at 2 cents. If you are not adding under 3 cents you are no HOMER. Put your money where your mouth is fellow homers. Ride or die....long live the alrtf homers....
Scratchgolfer - the furthest I can go back to view ALRT's stock price is 12/28/1998 where it was a 9¢ a share. No idea what the price was before then, but nearly 30 years as an investor in a company whose stock price has gone nowhere, my hat's off to you. Not sure what you have invested in this ticker, but damn! That's some smart "long term" investing! 30 years with no return. And I thought my 6-7 years in this without a return looked foolish. You'd be happy with 30 - 50¢ a share? Who wouldn't after 30 years of sitting on a dead stock running 2¢ a share. I long for the days it was 6¢ a share, and wish I had exited back then. How many shares were traded yesterday, 0?
Anyway, if all you want to hear are happy thoughts and praise for a company whose stock price hasn't gone anywhere but down for years, then get your panties all knotted up when when you read something other than praise and fantasy, I suggest you join the Fantasy discussion boards. LOL
Wow! 1995! I thought I was one of the earliest investors at 1999. Way to stick with it.
McKvee: Do you get some kind of sick thrill out of your negative posts here? If you don't want to be in ALRTF, sell it! Your presence or input won't be missed or leave any void! Go find investments that offer your investment style gratification. Investors are here based upon expectations of future, not present, returns. No one here mentions dollarland ... personally, I would be pleased with .30 - .50 cents ... beyond that, it would all be proverbial "gravy" ... I have been in this investment since 1995 ... I feel it's reasonable to expect a return on my long term invested money. Your posts are seriously nebulous ... they serve this board a disservice!
1.7¢ a share. ALRT is on fire! Dollarland, any day now 😂
McKvee: Rather than bash ALRTF, why don't you offset your gain in NVDA vs. selling applicable amounts of ALR Tech.... wash a gain against a loss. Personally, this board doesn't care for your negative spew. Take it elsewhere ... I'll gladly open the door ... your continual whines are exhausting and certainly not appreciated!
Know what you mean Jammaster! A few weeks ago, I bought $8,500 worth of Nvidia. Right now, I'm up $2,785 on that ticker! 🤪. Not holding my breath on ALRT. At least it's back to 2¢. Dollarland for this stock is about as far away as the edge of the visible universe! GLTU!
lol, someone else can buy at that price... .02 is lower than my basis... it'd make sense to take advantage of it... but i've got a big bag already and crypto is pumping. fabulous opportunities 24/7 currently - only going to get better imho. i certainly hope you get your .035! glta! gg!
Hello LastOne!
I'm really glad you posted and stay aware of ALRTF's progress. I'm sure you read Joe Stern's reply to my E-mail, I was pleased with his reassurance(s). Hopefully, by the end of the 3rd quarter, news will break and our stock will have found a solid base to launch off of! Faith moves literal "mountains" ... I have never waivered since ALRTF received FDA approval! Our time finally seems near ... best to all! _ J. A.
Great post, I couldn't agree more. One other thing I would add to what you said is that it costs the company money to trade on the OTC board and even more money to trade on OTC.QB, not just from OTC fees but all the costs of filings and preparing filings and audits and all that stuff. So instead of diluting the company into the ground to pay for operating costs, Mr. Chan and his family have not only funded the company but also continues to pay to keep ALRTF trading. That speaks volumes for both the character of Mr. Chan and the future of the company IMO.
I don't check this board often or post here due to the same tired posts from negative people who refuse to take responsibility for their own investing decisions, but rest assured I am here and very bullish. I don't care what the share price does day to day or month to month because this is a lottery ticket investment not a day trade for me. But I like our odds. I like that we have two ponies in the race, the pet CGM which is much needed according to veterinarians I have talked to and the human diabetes platform which we know from the clinical trials is also needed because it works to reduce A1C. Again, I like our odds.
McKvee: Like I posted previously, penny stocks aren't for everyone ... if you can't handle the reality of this companies' evolvement ... SELL & LEAVE THIS BOARD! No one here will miss your obvious negativity and stated BEARISH posture! If you operate in the real world like you do here, I bet people hate to spend time around you!
I think we done been "had" on this one.
Average down to what? "Down" seems to be the operative word with this ticker. The only thing I seem to be doing the last few years is averaging down my sell order price. 300,000 shares at 3.5¢ a share - and it's all yours. 😅
Hello board:
I am certainly not bragging when I communicate that I have over 2 million shares and have consistently added since 2005. ALR Technologies was located in Winston Salem, N.C. before it's move to Atlanta. I had the privilege to have dinner with the managing partner, whom had previously worked for Merck Pharmaceuticals, and we shared thoughts, positive ideas and dreamed of what the future might hold. To this day, I have never forgotten that conversation and I'm pleased to share that I feel the Chan family has honored their shareholders by continuing to prod forward and not do anything to dilute our value. Unlike most CEO's, of small companies, their stock is milked and diluted so that a certain few insiders ever realize any money.
With what I've said above ... I recently sent Joe Stern an E-mail, he was prompt to reply and I feel his response was reasonable and certainly not hyped! I posted his actual reply as a courtesy to those that truly care about the future direction of the company. I will say that I am not surprised to open up this blog and find the same negative people (you KNOW who you are) commenting about the current share price. One real comment about the share price ... before ALR Technologies received FDA approval, the stock price declined to less than a penny! If I recall ... it was $.001 ... with that FDA news it popped to over $.14 and has gradually declined. Personally, I would not have the money, that I've invested, tied up for almost 20 years if I truly believed that $.14 was all that we can expect. I wish that the negativity from a select few here could be tempered into optimism and allow ALRTF to finally implement both their human and animal viable health solutions. I certainly appreciate cost efficiency and coming to market with both a unique medical product and one that is cost effective seems prudent.
Joe Stern's reply indicated they are "close" ... I am hearing possibly late 2nd quarter or the 3rd quarter. For the scoffers, you could sell your shares and offset the loss with a gain from another stock ..., if you have any! In the interim, please go away ... your negative spew gets old and SERVES NO PURPOSE .. other than to make you look stupid and appear to be a novice stock trader. Let's be real ... WE ALL KNOW that any penny stock is risky and all of the investment can literally evaporate! These "niche stocks" are not for everyone; perhaps, not for you and your negative countenance! Especially, if you are negative regarding ALRTF ... yet buy more stock, then trash the stock price and complain about it's performance!
Best wishes to all that patiently wait and are positive and excited about our future as shareholders ... I truly believe the company is close to turning the stock price into a vibrant and accretive result!
Kindest regards, J Ayers
great opportunity to average down!
As usual Mcvee is right except its not 1.8 its 1.5 Im sure it will bounce back today, tomorrow, next week, next month, next quarter etc
Right, I love when they bring up shareholder value, even if alrt does something big, there still is very few people who would even buy this. Really not sure how we increase share price without a reverse even when revenues do start to come in
Gee, when have we heard this before? Oh yea. Every year for the last 7 years or so.
1.8¢/share! WOW!! Feeling really good about this company and my investment. Love how Joe in Investors Relations keeps stringing us along. Nice work ALRT!
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