Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
As I previously mentioned ... I have owned ALRT for 17 years. I have seen it literally go from .001 to .14 cents when I honestly thought it was going off the board. One time it went over .30 cents ... so, logically ... with this news that will be accretive to earnings ... plus provide the company much needed working capital ... it would seem logical with positive news ... this stock could very well go somewhere between .25 to .50 cents. Just logic based upon no hype, but years with precedent. Best to all that believed and held long1
295K shares traded so far today, which is encouraging. This early news "hinting" at a pending deal structure may be starting to spark a little interest, although I would have thought the share price would be higher than 045. Oh well, no mind. If the deal gets inked we should see some real action. GLTUA
Fingers crossed!
I was rereading the pr yesterday and it sounds so promising
“Our next targeted milestone is securing distribution for the ALRT GluCurve Pet CGM. We have been working with many of the largest global distributors and pharmaceutical companies in animal health, evaluating different distribution opportunities ranging from joint venture partnerships to sales and distribution agreements. We believe we have narrowed in on the right company and right deal structure to best bring value to our shareholders and to those who care for diabetic pets. We hope to announce the details of this pivotal next step in the near future"
Yeah, there have been a handful of people that have been here a long time, I think it's time the companyrewards shareholders.
I was checking the alrt website out today and they actually had a link to this ihub board haha
With ya on that Rdizz. But trying not to get my hopes up too high. A 50¢ share price seems pretty optimistic. Over the last 5 years of so, I've dropped my sell to 10¢ and even 8¢, and haven't come close on any good news. This may be the one and I've bumped my price up, but not holding my breath. It would be a helluva surprise though, wouldn't it? GLTUA!
rd, agree; hear what though?
glty, glta
I'm thinking we hear nothing this week, but early next week the pr and 8k drop, what do you guys think?
Yeah, I'm hoping to wake up to a Schwab notification that my 50 cent sell sold. It will make the last 5 years of dead money all worth it
According to the last press release, One trading week or less until we find out about the distribution agreement. Exciting days ahead for all the shareholders who held on this long.
Hard thing to predict. But having a clear pathway to revenue would be a major milestone, and it’s also a milestone that’s easy to understand/appreciate for outsiders who don’t know anything about ALRT yet. Hoping this will be what takes us to the next level. Not sure what that “level” is from a PPS perspective.
What is everyone's price prediction when the distribution news hits, I set a sell at .50, that's a 250mil market value, which might be really high. .25 might be a more reasonable price but I'm skeptical about the volume getting where it needs to be.
We need to start getting some chatter on the board so we can get some eyes before the news hits
Agreed. I’m guessing in the next 2 1/2 weeks or less, ALRT will have a third party distribution agreement established which will pay them a large sum of money for a sizable stake in the pet side of the business. The manufacturing agreement is contingent on it being settled by July 31 so it is go time. For me, the big questions are who is the third party and how fast will sales ramp up. I’m cautiously optimistic.
Interesting.. must not need to raise money anymore
SEC_8K_filed, $ALRT has terminated the right to distribute 101,025,092 unrestricted shares of common stock at a price of $0.05 per share pursuant to the Prospectus.
https://www.otcmarkets.com/filing/html?id=15939136&guid=Y1U-kHKnD2xpJth
I agree, to only give themselves 1 month to close a distribution deal, something must already be in the works.
Just re-read the announcement. We should have more info by July 31st. It’s happening, people!
“The Manufacturing Agreement is subject to certain closing conditions including the completion of a distribution agreement with a third party by July 31, 2022.”
thanks for sharing last one :)
glty, glta !
Partnership news coming next: "We believe we have narrowed in on the right company and right deal structure to best bring value to our shareholders and to those who care for diabetic pets. We hope to announce the details of this pivotal next step in the near future.”
News! ALR Technologies Completes Definitive Manufacturing Agreement with Infinovo Medical for the GluCurve Pet CGM Hardware
June 29, 2022 08:28 ET | Source: ALR Technologies
SINGAPORE, June 29, 2022 (GLOBE NEWSWIRE) -- ALR Technologies SG Pte. Ltd (“ALRT” or the “Company”) (OTCQB: ALRT), the diabetes management company, announces the completion of a definitive manufacturing agreement with Infinovo Medical Co. Ltd (“Infinovo”) to manufacture and supply the Continuous Glucose Monitor (“CGM”) hardware that will be utilized as part of the ALRT GluCurve Pet CGM (the “Manufacturing Agreement”). The Manufacturing Agreement gives ALRT the exclusive global rights to distribute the Infinovo CGM hardware for the animal health market, providing long-term production and supply. Subject to the satisfaction of all closing conditions it is expected that initial deliveries of product by Infinovo will be made during Q4 of 2022
“Executing the Manufacturing Agreement with Infinovo marks another major milestone in our path to commercialization and profitability,” comments Sidney Chan, Chairman and CEO of ALRT. “Our next targeted milestone is securing distribution for the ALRT GluCurve Pet CGM. We have been working with many of the largest global distributors and pharmaceutical companies in animal health, evaluating different distribution opportunities ranging from joint venture partnerships to sales and distribution agreements. We believe we have narrowed in on the right company and right deal structure to best bring value to our shareholders and to those who care for diabetic pets. We hope to announce the details of this pivotal next step in the near future.”
The Manufacturing Agreement is subject to certain closing conditions including the completion of a distribution agreement with a third party by July 31, 2022.
https://alrt.com/news/2022/06/29/manufacturing-agreement
ALRT share price is on FIRE! 0323 right now on 2K volume. So happy to be a bag holder.
I checked the 8k "the Redomicile Merger is expected to be completed during the third quarter of 2022."
Good volume day, the redomicile is suppose to happen any day now
Your right they got that for sure
What about the loss carry forward, the won't ever pay taxes with 20 years of losses
Im guessing they are predicting future revenue and profit. Hence the reason for the move. Singapores corporate tax rate is 17% lower than the US and most likely to be increased in the future here in the US
Yeah definitely, this whole redomicile to Singapore seems fishy to me.
I'm not surprised. Are you? Looks like we're bag holders to me.
Halfway through June and still no partnership deal.
Ut oh.. looks like peeps are starting to unload this ticker. Chan is having the last laugh. LOS - you should be loading up on this at 03. Please do. Someone please drive the share price up so I can exit with my shirt on!
LOL. Yeah. I'm hoping there's a few big buyers out there myself so I can exit.
I agree with you Trade4today. Just another year with no solid progress, and by solid I mean revenues. Looking like another Pig in the Poke.
There is seems to be no signs partnership, i stated over a month ago that the selling would start at the end of May. If there was a partnership the share price would be increasing. So no reason to have an investor update to announce bad news. They are running to Singapore to avoid lawsuits. The company has millions of share options that they have been using to pay outside contractors and others. Chan has huge lopsided buy out contingency written into the corporate minutes .. they are fishing for a partner but it seems they all see thru the BS .. yes chan has put up alot of money to fund the company but if someone has 20 million plus to fund they have alot more than just 20 million dollars he would not put every dime into this and if he loses 20 mil I’m sure it’s against a major gain somewhere else so just a write off to him. I have been patient and the money i have invested in no big loss but sometimes you move on because this train seems to be going no where I hope i am wrong but I tried and believed .. but i can admit when i made a mistake and i move on .. without a partnership I don’t believe they can go it on their own will see what happens going forward but my shares will hit the market in the near future..
Just my thoughts. This isn’t geared towards anyone on this board.. I really get a kick out of the banter back and forth and will miss it quite honestly
I see opportunity, too! Buy baby, buy!
What is most upsetting to me about shares trading at 3 cents is, the fact that I did not have cleared funds in my brokerage account ready to go so I could take advantage.
Rdizz... they sure are.
Those .05 options are looking silly now
As of March 31, 2022, the accumulated working capital deficit was $103,419,926. Management secured a short-term line of credit of 14.3M, of which the total principal balance outstanding was $13M. This last quarter, ALRT showed another $1.4M Net Loss this past quarter, and Cash down to $179K.
A very discouraging 10Q, IMHO. ALRT better secure a "partnership" soon, or they'll run out of lines of credit and promissory notes to keep them afloat.
I may not be an expert in Pet CGM systems, but I know a bad financial report when I see one. And with ALRT, it's a never-ending succession of bad reports with time not on their side.
That looks to be in the late 90's. My, you have been waiting a while.
Form 10-Q filed by ALR TECHNOLOGIES INC. $ALRT
$ALRT
https://ih.advfn.com/stock-market/USOTC/alr-technologies-qb-ALRT/stock-news/88121866/quarterly-report-10-q
$ALRT
I’m eager for another update, and ideally the announcement of a partner for the pet diabetes solution, but it’s not like it’s been radio silence for months or anything. We did get the update about the non-inferiority study results in March, and that’s a meaningful milestone towards bringing this to market IMO. I remain optimistic on the pet health side. But time will tell. Good luck to you however you decide to proceed, but me personally I will continue to hold.
Agreed. But with no volume on this ticker, I have to believe any significant share dumping will be met with a very big drop in price. GLTUA
Scratchgolfer0 - I think you have every right to feel frustrated and to voice that frustration. While I have only about $10K tied up in this stock, so much less that you do, it's been 5 years and I'm frustrated as well. Feels like dead money.
I'm not stupid nor some investment newbie, and I have $millions in the markets. And I understand these things can and do take time. I guess what bothers me is the "dollarland any day now" hype that some ALRT cheerleaders (hint hint) have demonstrated, for years now. It hasn't been dollarland any day. Nor any week, any month, or even any year. And I too have been frustrated with the shifting in market focus by ALRT, It tears away at confidence.
If I lose the $10K, oh well. As LOS basically said, it's an OTC and if you can't stomach the risk, don't take the risk. But I agree with you in that his snide remarks and general approach to those who voice concern with the company and what they are doing or not doing to bring some closure to this thing, stinks. I'm not looking for a cheerleader or personal critic. If I want that, I'll write the company spokesperson and listen to my wife on one of her bad days. GLTUA!
I bought my shares when it was in the dollar range so it makes sense to grab the knife. Glta!
Yeah. Now's the time to catch the falling knife!
Completely agree.. and there may be a lot of shares sold in the near future if he does not come thru as promised
Re: ACCOUNTABILITY of ALR Technologies and it's CEO_
I have patiently acquired shares since 2005 in anticipation of ALR Technologies
"paying off" ... not bragging, but I currently have almost 1.6 million shares. I have
recently read and reread the CEO December release ... it's time to deliver Sidney.
ACCOUNTABILITY to shareholders is both expected and very important. I have had over $50,000 tied up for a long time ... believing that what you began would be brought to fruition. This very site speaks of a pet health deal happening between March and the end of April. The December release indicated a deal was forthcoming between ALR Technologies and a suitable, well established (in animal health and global scope) pharma company. Due diligence, technology-wise, was performed by ALR Technologies prior to these final negotiations. The matter pending ... A DEAL!. I expect PROMPT news. Either update us on the deal's progress or lack of. Personally, my patience is wearing thin. Shareholders have been loyal to this company and expect a reasonable update. It's time ... no more false hope ... respectfully, be forthcoming and as CEO ... ACCOUNTABLE. If not, I will dump all of my shares and move forward ... 17 years, of patience, is certainly long enough to invest in this company without a return! Regards, Joseph A.
Stock up, baby!
Heck. It's a new week, a new month, a new year waiting for that "partnership", that revenue deal. Wonder what excuse we'll be using in April 2023 when the stock is still hovering in the 04 - 05 range? Same as the last 5 years?
Followers
|
148
|
Posters
|
|
Posts (Today)
|
2
|
Posts (Total)
|
13372
|
Created
|
10/05/09
|
Type
|
Free
|
Moderators |
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |