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and years ago while it was still pumping, ALYI put out press releases that Prof Mitlin (referenced in this article) was heading its hemp battery program which Prof. Mitlin said was a lie to anyone who called or emailed him. ALYI had paid him for a small consulting meeting and then used his name to pump something that didn’t exist. This was one of the many frauds perpetuated by Torno and his backers.
No “GameStop Play” here. No one is short WCVC. It is worthless so there is no incentive to short it. The claim that this could be short squeezed is ridiculous. No one shorts a stock at $.0001. Even at its lows GME had a market cap of over $200MM and an enterprise value of over $1B. On the OFFER, WCVC is not even worth $1MM. There is no financial upside/incentive to short this and no mechanism to short in institutional size even if someone were dumb enough to try.
Actually they were associated.
Unlike all the BS PRs from LEXG that would mention Tesla etc with no mention from the “partner” (and AlYI was guilty of a lot of the same nonsense), this partnership was actually jointly announced by iQSTEL also rather than just ALYI mentioning iQSTEL. It speaks to, at a minimum, a lack of due diligence at iQSTEL and this should be a warning flag.
https://www.prnewswire.com/news-releases/iqstel-iqst-and-alternet-alyi-announce-partnership-to-develop-iot-solution-for-ev-301164860.html
He won’t. He used your penny stock buys to support dilutive death spiral unit financing which he then used to repay the mortgage he took out on his house to support the business (this was all in the financials when they used to be filed).He’s super happy as is.
It’s definitely a scam (i wrote years ago how it had the most red flags i had ever seen) but not worth the SEC’s efforts. They never pursued LEXG - one of the biggest penny stock scams ever and ex-CEO Alex Walsh is walking free and possibly employed elsewhere (according to linked in). That’s what happens when you buy a stock without a shareholder’s rights agreement or an independent board. You’re not really owed anything and at a minimum they could infinitely dilute you to zero with little recourse.
Randy Torno was on the board of PJET yet hired a college student who was also a related party to be the CEO so no coincidence. Just scammy.
Even if something were happening (and it is not or at a minimum no reason other than a insane hope to believe so) they could (and are in fact obligated to) still file their (unaudited) financials no matter what is happening. They stopped filing financials on otcmarkets (they usually file late but this is the first time they have not filed by the “late deadline” or filed to delay filing) last month just as they have also gone silent. Love that supposed CEO Torno doesn’t even put this on his linkedin (and yes it’s the same Randell Torno - compare the rest of the bios). This is dead. Sorry.
Yes. Part of the scam. AYLI leased lithium patents from Air Products but couldn’t afford them, let them lapse but kept them and other misfacts in their quarterly management discussion. i wrote about this extensively here years ago but just google any of the patent numbers in the quarterly filings and you can see the real patent owners (ie not ALYI). ALYI did reflect this in quarterly financials by writing down the patent asset value to zero. I posted this a few times with links etc here years ago then figured anyone who still thought this company was real either didn’t exist or wasn’t looking to be educated.
Grant Street / capitol hill closed
Now a fusion Indian / American restaurant and no longer on the Illegal Burger Website. When did this happen? Did they sell it to focus those employees on filing the form 10 (sarcasm)?
Yes. Sorry $20B
Royce Jakob doesn’t even know the correct share count. Watch his video. In the first 2 minutes he says the market cap at $.08 is $9MM. He’s looking at shares out from 2017 when they filed their last audited financials and had less than 120MM shares out (this number is also in BBerg and other services that pull from audited financials). From OTCmarkets.com which has the correct shares at over 1.9 Billion now (and this can be verified by the financials listed there and attested to by ALYI CEO Randy Torno) for a market cap of $155MM. Royce has no idea that his $10 target means a $200B valuation for AYLI. His due diligence is basically reading and believing ALYI PRs. Watch the video.
But it is useful to see want people want to hide (and want to show). Not reliable but useful.
With over 5.3 billion shares outstanding, $.03 would value this company at over $150MM or $25MM per each of the 6 money losing (even before COVID and without even including startup costs or corporate overhead) restaurants. $5 would value it at more than $26B or more than $4.4 billion per money losing restaurant. You don’t have to have $4B or even $26MM to open up one location of a fast casual restaurant (the equipment and leasehold improvements for WCVC are only $70,000 total per location).
No. He just never put it on as his real job as a consultant at METIS probably does checks on standard social media as do most companies with compliance priorities (and MÉTIS makes an issue of conflicts of interest on their website). This is also the source of his consulting revenues on the ALYI income statement. METIS pays him, puts in on the income statement like he’s paying ALYI then ALYI owes him a salary as seen on the balance sheet in wages payable and he owes ALYI as seen in accounts receivable. It’s a shell game to make it look like ALYI has revenues and this is why over two years of revenues never become cash as they should. Randy also doesn’t have his CEO position from ANCE or his Chairman of PJET. It’s definitely the same Randy Torno though as the rest of his LinkedIn bio matches his ALYI bio. Alex Walsh erased it from LEXG and Yasmine Acebo also did from PJET. No one wants a scam on their virtual resume. A failed honest endeavor is OK on LinkedIn but not a scam.
Immediately if you had run two prior scams, had partnerships with at least two other known scammers, claimed to have patents that someone else actually had, misrepresented the relationships you had with established researchers, your LinkedIn page was current but listed a different company as your employer with no mention of the start-up you were supposedly leading, if your start-up had financial statements with glaring red flags, claimed to be in phase III studies but stopped them right before you were supposed to have results to start phase I in Africa, and kept missing your own self-promoted milestones.
I don’t think so. Randy Torno’s ANCE and PJET were scams not failed business endeavors. The difference is when the promised multimillion dollar contract in Kenya never materialized in ANCE, he shut down and ran - went totally silent rather than explain what when wrong and how they were going to address it. Same w PJET - he spun it off to WCVC for nothing and just abandoned it after all the pumps. No explanation. Not another word. At PJET, a college student named Yasmine Acebo was the CEO but Randy ran it as Chairman of the Board. Same with CIAU and Henryk Dabrowski. After the ICO failed to materialize they went silent. Packed up the tents, picked a new hot area and looked for fresh $$$.
You can also see the signs at AYLI. Revenue never turns into cash just unpaid bills from whoever the customer is for over two years but for some reason they are supposedly still a customer after consulting services were delivered years ago without pay, a floating cryptocurrency value Ven on the balance sheet never changes in years even though this is impossible, they overstate patents (which they licensed for a year to pump them, then gave them up when they didn’t have the cash to renew them, then continued to pump even though a patent search would show they didn’t own them), they overstated a small consulting relationship with a Professor working with a different company on hemp batteries, just when things can be proven like US retail bike sales for Christmas two years ago they pivot to Africa, and contracts a customer is supposedly willing to wait years for from a no resource company ,which is tougher to investigate, they had no cash, one part time employee, etc while pumping for years, etc.
We’ll see though. July is not far off. It will be interesting if we see significant price revues on the balance sheet at the end of the year (which is when July revenues would show up).
I didn’t. I am saying they have no experience, resources or licenses that will benefit them relative to better capitalized, debt free, well resourced existing or new restaurants when MMJ is legalized. Any other restaurant owner or would-be owner can do the same upon legalization. Rather than pay $3MM (almost $2MM each in market cap plus over $1MM each in debt as of the last financials) each for 6 restaurants where the balance sheet value of leasehold improvements and equipment is only $70,000 each anyone would rather start from scratch. As they are small and without brand recognition and have no financial resources (they have been burining through COVID cash last one their balance sheet in 9 months on average even with massive dilution) there is no franchise / concept value. Also they lost $1MM a year before COVID as operating costs - mainly food costs and labor - were more than they were able to charge for what they sold so they were never good operators. During COVID they received more than $1MM in government aid so the end of COVID means higher revenues for them but very possibly less cash generation / bigger losses. What sustainable source of competitive advantage do they have with respect to MMJ that anyone can’t replicate almost immediately and most likely better?
It’s not coincidence that that share count you insist on believing is the exact sharecount from their last audited financials in 2017. Bloomberg and TD Ameritrade pull it from the last audited financials which are years out of date. Just call TD Ameritrade and ask them.
Shares don’t get “removed” when someone else buys them. They would eliminate the debt by having debt holders convert which would create more shares or by buying the convertible debt with the cash they don’t have. If they received cash from the ICO they would need more shares authorized (not fewer) since the ICO is convertible into shares. The February 28 press release said Dabrowski was buying the preferred shares not the 1.9 billion ordinary shares outstanding and this would definitely not reduce share count. It doesn’t even reduce the count of preferred shares. It just transfers them and their voting power to new owners. That’s the whole point of the change of control they talk about in that PR. This is basic. Those preferred shares only exist to give voting control to insiders and allow crazy things like massive dilution without a vote. Ordinary shares in this company have no meaningful vote, no shareholders agreement and no independent board of directors making them basically a handshake agreement that the ordinary shareholders will receive some of any value that may eventually exist in this company. These are all facts. Not opinions or speculation. Not up to interpretation or debate.
That’s crazy. Your link has ALYI shares at 1.3 billion at 9/30/20 and otcmarkets has it at 1.9B now. If Revolt bought shares to reduce debt to zero they didn’t throw those shares away - they kept them to control the company hence the term they use - change of control. They still exist. Someone buying shares other than the company doesn’t bring down the share count. They just transfer. This is finance 101. The otcmarkets provides an accurate share count at over 1.9B. The next round of unaudited financials, if late as always, will be out mid May and you will see that.
Yes/. It’s crazy this is valued at more than $11MM. A fast casual restaurant chain with only 6 restaurants that was losing $1MM a year before COVID and has negative operating costs (not startup cost - can’t sell a burger for what it costs them to make one BEFORE COVID) and isn’t current has a market cap of more than $11MM? If someone asked you to buy their perpetually money losing burger restaurant flor $2MM a pop anyone who knows the restaurant business would run. They have no resources or expertise related to CBD - just selling separate CBD packets optional with food that could be replicated by anyone. Then add the fact that they won’t let you see their financials and have diluted the shares from less than 41MM to more than 5.3 Billlion in less than two years. Yes. It’s amazing that the market values this at more than $11MM. They had no cash prior to COVID and only survived 2020 by massive dilution and over $1MM in COVID aid from the government.
No. Market cap $135MM. ‘$.07 x 1.933 billion shares outstanding as per otcmarkets.com (and look at their own unaudited financials - please- as attested to by their CEO and retire from trading if you haven’t even after people have shown you and you still think it’s $8MM). Anyone listening to the advice of people who have the market cap off by a factor of more than 16x should run. It’s basics. Not up for debate or interpretation. Scary.
https://www.otcmarkets.com/stock/ALYI/profile
Don’t you read the unaudited financials ALYI provides? Do you think ALYI is lying when they said the have over 1.3B shares outstanding on 9/20/21 in their last 10-Q? Big financial institutions use Bloomberg as big financial institutions don’t invest in stocks that are diluting like crazy without audited financials. Bloomberg pulls from the last audited financials which were in 2017. This is not just otcmarkets. You can see the high share count in ALYI’s own financials attested to by CEO Randy Torno. This is not something up for debate or interpretation and it’s not a good position to be in if you’re investing in a company where you read PRa but not financials (even if unaudited) and think the market cap is less than 7% of what it really is.
https://backend.otcmarkets.com/otcapi/company/financial-report/264379/content
You can’t look for accurate share counts on the OTC anywhere but it on otcmarkets.com (look in Company Profile tab). Many of the broker sites list the share count the last time they filed audited financials which for AYLI was the quarter ending 6/30/17 when shares out were that figure of 167.2MM. They have diluted to over 1.9B shares since then. That is what your source is incorrectly displaying. You can also see shares out well over a billion in all of their recent unaudited financials which you must have read since you do due diligence. They are in the disclosure section on otcmarkets.com
https://www.otcmarkets.com/stock/ALYI/profile
https://backend.otcmarkets.com/otcapi/company/financial-report/181614/content
https://backend.otcmarkets.com/otcapi/company/financial-report/264379/content
It will be a BMW with some pieces tacked on. With $125MM of market cap they can certainly pay for that. Not sure why it takes a week to make a video given all of their “massive resources” and why didn’t they decide to produce a video when they first announced the update two days ago? They know everyone has wanted to see a video.
How does chart reading allow him or her to predict imminent pink current status?
You’re right. They have grown from 2 to 7 employees (and list company size 2-10) on linkedin but only show 2 key employees on their “about” section on their website: It doesn’t change the conclusion - I could have said small company or even large company with the same point. Speaking of LinkedIn searches though, what’s s on Randy Torino’s LinkedIn? Not AYLI! I wonder why? (And not ANCE or PJET even though it’s the same Randy Torino. You can compare the rest of the bio with ALYI’s official bio for Randy).
And what about no activity for RevoltToken on the Ethereum Blockchain any time near or since the supposed ICO?
If it’s so funny please so me why this hard evidence that the ICO never happened is wrong. You think it’s HAHA funny so it must be obvious. The Ethereum blockchain has had no activity on RevoltToken meaning nothing has happened.
They may not know. Modus is a small 2 person shop which got paid in a lot of stock that is worth a lot to design a bike long after ALYI said they were going to have a bike and had massive orders for a bike. RevoltToken is run by a former insider who has been involved with at least one scam (CIAU) before and who plans to take over ALYI in an equity swap with undisclosed terms. There has also been none of the promised ICO activity as evidenced by checking the Ethereum blockchain. I haven’t looked at IQST in depth so I honestly don’t know what is going on there but if you believe only scam companies do business with other scam companies then you are saying ALYI is definitely a scam as it had announced a joint venture with LEXG which is a known scam that was shut down by the SEC.
https://www.theautochannel.com/news/2017/10/24/450817-alternet-systems-confirms-lithium-exploration-group-partnership-negotiations-to-pursue.html
The ICO never happened according to the lack of activity on the blockchain still only the two “test transfers” from almost a year ago. No other RevoltToken activity. And if this is a real cryptocurrency as they claim it would be impossible for the blockchain on this site to be out of date.
https://etherscan.io/token/0xde865ed1c50e753d248a0f2c9c5ae02b9e41b6ae
And when you use the Ethereum address from the RevoltToken website (and you can see the RevoltToken name at the bottom) there has been 0 activity.
https://etherscan.io/address/0xde865ED1C50E753D248a0f2c9C5AE02b9E41B6Ae
But ALYI not only brought Dabrowski back to manage the ICO they are going to do another insider sale “change of control” back to him with this ICO. And on undisclosed terms. He’s still well inside this dirty little scam and if they complete this change of control he will explicitly control it again. Plus the person they brought in to “clean up” AYLI, Randy Torino, ran two scams at PJET and ALYI. Finally the debt elimination is most likely a conversion at very favorable (ie dilutive) terms to the insider debt holders as part of this opaque PR’d “change of control.” You’re right. People should definitely take time to investigate. Or not and just enjoy the volatility and hope you exit on top! That can be fun also.
It’s not a scam because it’s down, it’s a scam for many reasons including that the management has already been involved in three scams (ANCE, PJET and CIAU), that the financials don’t make sense, that past PRs have been greatly misleading, that they have 0 resources as a company, and that now they are executing some form of insider change of control back to the old CEO without disclosing terms and acting like it is a good thing. Why do only “current owners” get to sell their shares at an undisclosed price to give away control with no details? Why shouldn’t any on here benefit? This is the shadiest company since LEXG. It is fitting that they had a partnership albeit brief.
At 0.0027 it is a $14MM market cap. That is a ton of $$$ for a small restaurant group that was losing $1MM plus a year and had negative operating margins (not headquarters, opening costs etc. it costs them more to make a burger than they can sell it for). They survived only from diluting from 56MM shares to more than 5.2 billion in less than 2 years and by $1MM in COVID aid. But might not risky if more people continue to buy!!!
There were plenty of LEXG bashers. It was a massive fraud, at one point had a joint venture with ALYI and it was halted permanently by the SEC
It depends how much they are paying for the block of ALYI. This is an insider deal with undisclosed terms so if they get shares cheap enough it’s no problem for them to give the convertible debt holders cheap shares to convert which eliminates the debt and still hurts the average non-insider share holder.
No short squeeze. Short interest is and remains very very low compared to average daily volume and float. It’s not borrowable at a reasonable rate if you can find a locate at all so you can’t short it.
You can find unaudited financials otcmarkets.com. The odd things are that the value of their Ven holdings, which is a floating rate cryptocurrency, has stayed constant each quarter for years in dollar terms which is impossible. A bigger red flag is that revenues (for consulting services) have just built up in accounts receivable for years and never convert into cash. Something is very wrong if they are allowing a customer not to pay on work completed (and according to their revenue recognition policy it has been completed - some of it years ago) for that long.
That $.17 target was from October 2019 when there were only about 77 million shares outstanding. There are now more than 5.2 BILLION shares out so $.17 is the same as .0025 diluted so you’re now already above that target. Plus that report was paid research from pump and dump shill Rob Goldman. Read the disclosures. He was paid for that by WCVC. The real reason is that the restaurants lost about $1MM a year BEFORE COVID and lost money on an operating basis (ie not startup or management costs - it cost them more to make a burger than they could sell it for). They only survived by diluting massively and by getting about $1MM in government COVID assistance.
But it’s been a great fun ride that can go on for a while!
The par value of a stock is meaningless. Google stock par value or look it up for any other company it’s almost always basically nothing. It’s arbitrary and meaningless as it has no information content. They enterprise value of $160MM however shows how much someone would have to come up with to buy the company debt free at $0.088 per share and the $157MM market cap shows how much it would take to buy the company at $0.088 a share. Very meaningful.
You are right in pointing out that the negative shareholders equity shows it has been a debt laden dilution machine not producing anything up to this point.
Par value for a share refers to the stock value stated in the corporate charter. Shares usually have no par value or very low par value, such as one cent per share. In the case of equity, the par value has very little relation to the shares' market price. Par value is also known as nominal value or face value.
The term par value can be misleading because it has nothing to do with how much a corporation's shares are actually worth. It is only a minimum legal value. A corporation's board of directors may require investors to pay far more than par value for the corporations' shares.
I’m not sure what you mean, the enterprise value, which is how most would define the company value, is just a bit higher - almost $160MM. The market cap plus the debt less the cash. To what are you referring when you say a $5MM company value? How do you derive or define that? Thanks!