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This popped up on my Smartphone as a suggestion from YouTube today...A PURA video followed...Coincidence, more than likely, but the shoe seems to fit...
Agreed...
YouTube:ALYI
Date: July 10, 2020
ALYI $300 Million African Electric Vehicle Initiative Surges Forward
Symbol: ALYI
Dallas, TX -- July 10, 2020 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (OTC Pink: ALYI), today highlighted an influx of Japanese venture capital into Africa further improving upon ALYI's access to investment to fund the company's electric innovation in Africa.
ALYI recently announced a letter of intent for a $25 million investment that included a $2.5 million advance to fund a design and engineering phase of a development to construct facilities in Kenya covering approximately 100 acres that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium.
The annual event is one component of the company's overall $300 million initiative centered on initially launching electric motorcycles for the ride-share market in Africa. ALYI has produced a pilot vehicle and expects production to start in Africa by year end.
Next week, on Tuesday, July 14, management plans to publish more details on the 100-acre development.
For more information and to stay up to date on the latest developments, please visit: http://www.alternetsystemsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
NEWS
PURA Cannabis Cultivation Spinoff and Dividend Breaking News Update
1:24 PM ET 7/10/20 | Dow Jones
Dallas, Texas--(Newsfile Corp. - July 10, 2020) - Puration, Inc. (OTC Pink: PURA) now has the following update to the press release published this morning about the management buyout of a separate public company that will in turn purchase PURA's cannabis cultivation spinoff in exchange for common stock scheduled to close today. The management buyout has been executed by all parties. The purchase is scheduled to be funded on Monday. The management/owner team plans to make a formal announcement on Tuesday, July 14, 2020 (the formal announcement was previously expected on Monday, but to ensure funding is complete first, the announcement is now scheduled for the next day).
PURA - Logo
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6696/59533_f41dea8d94434bba_001full.jpg
The common stock issued in exchange for the PURA spinoff is intended to be issued to PURA shareholders in a dividend distribution.
NCM Biotech, a subsidiary of Kali-Extracts (OTC Pink: KALY) will also be acquired and merged with PURA's cannabis spinoff.
The management team purchasing control of the target public company is expected to confirm the planned acquisitions of PURA's cannabis cultivation company and KALY's NCM Biotech in the announcement now scheduled for Tuesday, July 14, 2020.
PURA's cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA's cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59533
> Dow Jones Newswires
July 10, 2020 13:24 ET (17:24 GMT)
SEEKING ALPHA
MARKET OUTLOOK
Tech
Alternet takes $300M African electric vehicle initiative
Jul. 10, 2020 10:46 AMAlternet Systems, Inc. (ALYI)By: Shweta Agarwal, SA News Editor
Alternet Systems (OTCPK:ALYI +3.7%) ramps up its $300M initiative centered on initially launching electric motorcycles for the ride-share market in Africa.
The company has produced a pilot vehicle and expects production to start by the end of 2020.
Previously: Alternet commits $25M investment for EV facilities(July 9)
NEWS
PURA Confirms Acquisition Set to Deliver Shareholder Dividend Scheduled to Close Today
9:57 AM ET 7/10/20 | Dow Jones
DALLAS, July 10, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) confirmed that the previously announced management buyout of a separate public company that will in turn purchase PURA's cannabis cultivation spinoff in exchange for common stock is scheduled to close today. The common stock issued in exchange for the PURA spinoff is intended to be issued to PURA shareholders in a dividend distribution.
PURA had previously spun-off its cannabis cultivation operation to Nouveau (USOTC: NOUV) and is now unwinding that deal and moving forward with this new deal that is structured to resolve the delayed issue of a previously planned dividend to PURA shareholders.
NCM Biotech, a subsidiary of Kali-Extracts (USOTC: KALY) will also be acquired and merged with PURA's cannabis spinoff.
The management team purchasing control of the target public company is expected to simultaneously announce the planned acquisitions of PURA's cannabis cultivation company and KALY's NCM Biotech. With the management buyout scheduled to close today, the acquisition announcement and plans with PURA's cannabis cultivation spinoff and KALY's NCM Biotech are expected on Monday, July 13, 2020.
PURA's cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA's cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com,
(800) 861-1350
View original content:http://www.prnewswire.com/news-releases/pura-confirms-acquisition-set-to-deliver-shareholder-dividend-scheduled-to-close-today-301091597.html
SOURCE Puration, Inc.
> Dow Jones Newswires
July 10, 2020 09:57 ET (13:57 GMT)
Fingers crossed...
The thing is this, if we do get moved to the other ticker it really doesn't matter if NOUV is green or not...
YouTube...ALYI...
NEWS
PURA Shareholder Dividend Back On Track
1:22 PM ET 7/9/20 | Dow Jones
Dallas, Texas--(Newsfile Corp. - July 9, 2020) - Puration, Inc. (OTC Pink: PURA) today announced a deal in place that is structured to include a dividend distribution to PURA shareholders. PURA expects the first step of a multi-step deal to merge PURA's cannabis cultivation spinoff with NCM Biotech to close tomorow. PURA had previously spun-off its cannabis cultivation operation to Nouveau (OTC Pink: NOUV) and is now unwinding that deal and moving forward with a new deal structured to include resolving the delayed issue of a planned dividend to PURA shareholders. NCM Biotech is a subsidiary of Kali-Extracts (OTC Pink: KALY) being merged with PURA's cannabis spinoff. The terms of the planned merger transaction between PURA's cannabis cultivation operation and NCM Biotech includes a planned issue of dividends to PURA shareholders.
The overall transaction will take place in several separate steps. The first step anticipated tomorrow is a change of control derived by a management buyout at a public company currently working in the medical cannabis sector. The management team at the public company is expected to simultaneously announce the planned acquisitions of PURA's cannabis cultivation company and KALY's NCM Biotech.
To execute the deal with the new medical cannabis sector public company, PURA will first unwind its spinoff transaction with NOUV. Immediately following the unwind, PURA will exchange the cannabis cultivation operation for common stock in the public medical cannabis sector public company. The common stock is intended to be issued in a dividend distribution. The target dividend ratio is one for one.
The NCM Biotech purchase is also intended to be executed in exchange for common stock from the acquiring public company.
The cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA's cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59471
> Dow Jones Newswires
July 09, 2020 13:22 ET (17:22 GMT)
NEWS
Yahoo Finance
Newsfile
ALYI - Alternet Advanced Electric Vehicle Center Under Development
Newsfile Corp.
July 9, 2020, 12:55 pm
Dallas, Texas--(Newsfile Corp. - July 9, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI), an innovative electric vehicle company concentrating on the African market, has initiated the design and engineering phase of a development to construct facilities covering approximately 100 acres that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium. The company recently announced a $2.5 million investment deal intended to fund this first phase of the development. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent. Next week, on Tuesday, July 14, management plans to publish more details on the 100-acre development.
E-MOBILITY
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1184/59469_76f76d85d4d22a04_001full.jpg
For more information and to stay up to date on the latest developments , please visit: http://www.alternetsystemsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59469
Update privacy choices
I DON'T REMEMBER THEM DOING THIS BEFORE EITHER...
THIS IS NEWS THAT WAS POSTED EARLIER TODAY, BUT NOW IT'S BEING BROUGHT OUT AGAIN LATER IN THE DAY BY, YAHOO FINANCE...SEEMS LIKE THEY'RE RELEASING IT FOR THE WEST COAST INCASE THEY MISSED IT EARLIER IN THE DAY...THEY DID THE SAME THING THE OTHER DAY...I DON'T REMEMBER THEM DOING THIS BEFORE...
Yahoo Finance
PR Newswire
ALYI - Alternet Announces Engineering Engagement to Build 100 Acer Facility
July 8, 2020, 6:46 pm
DALLAS, Texas, July 8, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today announced initiating a design and engineering engagement leading to the development of facilities covering approximately 100 acers that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium. Yesterday, the company confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation. The full $25 million investment is anticipated to close within the next 90 days.
The electric mobility conference and symposium is one component of ALYI's overall $300 million initiative to introduce electric motorcycles to the ride-share market in Africa.
Motorcycles are already widely utilized in the African taxi market and Uber has recently identified motorcycles as growth sector within the ride-share market.
ALYI has already designed and piloted a rugged electric motorcycle with side car for the African ride-share market and expects to be in production by year end.
The annual electric mobility conference and symposium is designed to both support the overall electric mobility industry in Africa as well as directly facilitating ALYI's overall growth and expansion into new electric mobility sectors. At the same time, ALYI's electric mobility conference and symposium will generate revenue and contribute to earnings.
ALYI $25 Million First Tranche Investment
The ALYI first tranche $25 million investment is one component of the investor's overall $100 million initial cryptocurrency offering (ICO) strategy. The investor is independently launching an ICO dedicated to funding ALYI's overall $300 million electric mobility project in Africa with future plans to fund additional electric mobility initiatives in Africa. The investor has already partitioned on the Ethereum Blockchain in advance of the planned ICO.
The $25 million first tranche investment is structured at a $50 million pre-money valuation of ALYI in consideration of the company's $300 million electric mobility initiative. The $25 million first tranche investment represents a valuation of ALYI common stock at approximately $0.05 per share.
For more information and to stay up to date on the latest developments, please visit: http://www.alternetsystemsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
Cision
Cision
View original content:http://www.prnewswire.com/news-releases/alyi--alternet-announces-engineering-engagement-to-build-100-acer-facility-301090514.html
SOURCE Alternet Systems, Inc.
I agree, waiting is pretty much it for us...Like I said last month, I'll have a better idea what's going on here some time this month...Not much else we can do here...
I will just keep posting news...Pretty much all we can do...Seems to me...If what you are saying is correct, which it could very well be, they would have to make us part of the move or face legal troubles...Time will tell...
NEWS!!!
0.01045
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Market Open
ALYI - Alternet Announces Engineering Engagement To Build 100 Acre Facility
July 08 2020 - 01:33PM
InvestorsHub NewsWire Print
Dallas, TX -- July 8, 2020 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) today announced initiating a design and engineering engagement leading to the development of facilities covering approximately 100 acres that will be required to host the intended anchor event at the company’s annual electric mobility conference and symposium. Yesterday, the company confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation. The full $25 million investment is anticipated to close within the next 90 days.
The electric mobility conference and symposium is one component of ALYI’s overall $300 million initiative to introduce electric motorcycles to the ride-share market in Africa.
Motorcycles are already widely utilized in the African taxi market and Uber has recently identified motorcycles as growth sector within the ride-share market.
ALYI has already designed and piloted a rugged electric motorcycle with side car for the African ride-share market and expects to be in production by year end.
The annual electric mobility conference and symposium is designed to both support the overall electric mobility industry in Africa as well as directly facilitating ALYI’s overall growth and expansion into new electric mobility sectors. At the same time, ALYI’s electric mobility conference and symposium will generate revenue and contribute to earnings.
ALYI $25 Million First Tranche Investment
The ALYI first tranche $25 million investment is one component of the investor’s overall $100 million initial cryptocurrency offering (ICO) strategy. The investor is independently launching an ICO dedicated to funding ALYI’s overall $300 million electric mobility project in Africa with future plans to fund additional electric mobility initiatives in Africa. The investor has already partitioned on the Ethereum Blockchain in advance of the planned ICO.
The $25 million first tranche investment is structured at a $50 million pre-money valuation of ALYI in consideration of the company’s $300 million electric mobility initiative. The $25 million first tranche investment represents a valuation of ALYI common stock at approximately $0.05 per share.
For more information and to stay up to date on the latest developments , please
visit: http://www.alternetsystemsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithium
NEWS!!!
PURA Confirms New Cannabis Cultivation Spinoff and Planned Dividend
12:45 PM ET 7/8/20 | Dow Jones
DALLAS, July 8, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today confirmed the company expects the first step of a multi-step deal to merge PURA's cannabis cultivation spinoff with NCM Biotech to close by the end of this week. PURA had previously spun-off its cannabis cultivation operation to Nouveau (USOTC: NOUV) and is now unwinding that deal and moving forward with a new deal structured to include resolving the delayed issue of a planned dividend to PURA shareholders. NCM Biotech is a subsidiary of Kali-Extracts (USOTC: KALY) being merged with PURA's cannabis spinoff. The terms of the planned merger transaction between PURA's cannabis cultivation operation and NCM Biotech includes a planned issue of dividends to PURA shareholders.
The overall transaction will take place in several separate steps. The first step anticipated is a change of control derived by a management buyout at a public company currently working in the medical cannabis sector. The management team at the public company is expected to simultaneously announce the planned acquisitions of PURA's cannabis cultivation company and KALY's NCM Biotech.
To execute the deal with the new medical cannabis sector public company, PURA will first unwind its spinoff transaction with NOUV. Immediately following the unwind, PURA will exchange the cannabis cultivation operation for common stock in the public medical cannabis sector public company. The common stock is intended to be issued in a dividend distribution. The target dividend ratio is one for one.
The NCM Biotech purchase is also intended to be executed in exchange for common stock from the acquiring public company.
The cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA's cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com.
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley
info@aciconglomerated.com
+1-(800)-861-1350
View original content:http://www.prnewswire.com/news-releases/pura-confirms-new-cannabis-cultivation-spinoff-and-planned-dividend-301090277.html
SOURCE Puration, Inc.
/Web site: https://www.purationinc.com
> Dow Jones Newswires
July 08, 2020 12:45 ET (16:45 GMT)
NEWS!!!
PURA Confirms New Cannabis Cultivation Spinoff and Planned Dividend
12:45 PM ET 7/8/20 | Dow Jones
DALLAS, July 8, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today confirmed the company expects the first step of a multi-step deal to merge PURA's cannabis cultivation spinoff with NCM Biotech to close by the end of this week. PURA had previously spun-off its cannabis cultivation operation to Nouveau (USOTC: NOUV) and is now unwinding that deal and moving forward with a new deal structured to include resolving the delayed issue of a planned dividend to PURA shareholders. NCM Biotech is a subsidiary of Kali-Extracts (USOTC: KALY) being merged with PURA's cannabis spinoff. The terms of the planned merger transaction between PURA's cannabis cultivation operation and NCM Biotech includes a planned issue of dividends to PURA shareholders.
The overall transaction will take place in several separate steps. The first step anticipated is a change of control derived by a management buyout at a public company currently working in the medical cannabis sector. The management team at the public company is expected to simultaneously announce the planned acquisitions of PURA's cannabis cultivation company and KALY's NCM Biotech.
To execute the deal with the new medical cannabis sector public company, PURA will first unwind its spinoff transaction with NOUV. Immediately following the unwind, PURA will exchange the cannabis cultivation operation for common stock in the public medical cannabis sector public company. The common stock is intended to be issued in a dividend distribution. The target dividend ratio is one for one.
The NCM Biotech purchase is also intended to be executed in exchange for common stock from the acquiring public company.
The cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA's cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com.
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley
info@aciconglomerated.com
+1-(800)-861-1350
View original content:http://www.prnewswire.com/news-releases/pura-confirms-new-cannabis-cultivation-spinoff-and-planned-dividend-301090277.html
SOURCE Puration, Inc.
/Web site: https://www.purationinc.com
> Dow Jones Newswires
July 08, 2020 12:45 ET (16:45 GMT)
NEWS!!!
Yahoo Finance
PR Newswire
ALYI - Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum
July 7, 2020, 11:13 am
DALLAS, July 7, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in conjunction with the company yesterday initiating a construction design and engineering engagement that will lead to the development of facilities to host the brand name anchor event to the company's annual electric mobility conference and symposium.
ALYI's $300 Million Sustainable Electric Vehicle Ride-Share Initiative
The electric mobility conference and symposium is one component of ALYI's overall $300 million initiative to introduce electric motorcycles to the ride-share market in Africa. Motorcycles are already widely utilized in the African taxi market and Uber has recently identified motorcycles as growth sector within the ride-share market. ALYI has already designed and piloted a rugged electric motorcycle with side car for the African ride-share market and expects to be in production by year end. The annual electric mobility conference and symposium is designed to both support the overall electric mobility industry in Africa as well as directly facilitating ALYI's overall growth and expansion into new electric mobility sectors. At the same time, ALYI's electric mobility conference and symposium will generate revenue and contribute to earnings.
Management today highlighted the overall electric vehicle ride share market that surrounds ALYI's efforts and is in turn contributing to the acceleration of ALYI's business model.
Tesla closed at another record high yesterday and is now valued more than GM, Ford and Chrysler – "Tesla Is Now the Most Valuable U.S. Car Maker of All Time." Even as Uber and Lyft disrupt the transportation sector with the advent of the ride-share model, a new player is now disrupting Uber and Lyft's market dominance. Facedrive has added carbon offsetting to the ride-share model.
ALYI is at the forefront of the sustainable electric vehicle ride-share paradigm shift and management believes ALYI's own sector disrupting differentiators will soon become evident.
ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation.
ALYI $25 Million First Tranche Investment
The ALYI first tranche $25 million investment is one component of the investor's overall $100 million initial cryptocurrency offering (ICO) strategy. The investor is independently launching an ICO dedicated to funding ALYI's overall $300 million electric mobility project in Africa with future plans to fund additional electric mobility initiatives in Africa. The investor has already partitioned on the Ethereum Blockchain in advance of the planned ICO.
The $25 million first tranche investment is structured at a $50 million pre-money valuation of ALYI in consideration of the company's $300 million electric mobility initiative. The $25 million first tranche investment represents a valuation of ALYI common stock at approximately $0.05 per share.
For more information and to stay up to date on the latest developments, please visit: http://www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
Cision
Cision
View original content:http://www.prnewswire.com/news-releases/alyi--alternet-sustainable-ev-ride-share-business-accelerates-amid-industry-momentum-301089259.html
SOURCE Alternet Systems, Inc.
MARKETS INTERNATIONAL MARKETS
The 3 Reasons Why Chinese Invest in Africa
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By J.B. MAVERICK
Updated Apr 9, 2020
China and Africa have been partnering on investments for approximately the last eleven years. In September 2018, delegates from both countries met at the seventh Forum on China-Africa Cooperation. The collaboration and cooperation makes Africa one of China’s greatest allies in the current global market environment. The level of China's investment in the continent of Africa has been increasing at a steady rate. At the 2018 China-Africa Cooperation Forum, China announced it would be providing $60 billion in financial support to Africa.
In this article, we'll review why China has prioritized and increased its investments in Africa. Some of the primary motivations that lie behind China's push toward increased investments in African nations include the desire to secure a solid base of raw materials to fuel China's own rapidly growing economy, the desire to increase China's global political influence, and the major growth opportunity presented by emerging market economies in Africa.
KEY TAKEAWAYS
China's amount of foreign direct investment in Africa has grown rapidly over the last decade.
China focuses many of its investments on Africa's abundance of raw materials needed for the production of goods, such as platinum, cobalt, manganese, and uranium.
China is politically motivated to invest in Africa because the continent represents a prime opportunity for China to significantly expand its global presence and influence.
Africa is an emerging market and offers China a chance to achieve growth and high returns from its investments.
The Quest for Raw Materials
Mining and oil remain the primary focus of China's investments. However, the country's investments extend throughout virtually every market sector, including everything from infrastructure to food processing. China's investments in the largely undeveloped infrastructure of African nations are particularly strong, encompassing key areas such as utilities, telecommunications, port construction, and transportation.
China's investments have the country well-positioned to profit from continuing economic development in Africa. Many Chinese firms investing in Africa are state-owned. This gives them a notable competitive edge when, for example, bidding procurement contracts in African countries, since the companies can obtain substantial subsidies from the Chinese government.
The stakes in Africa are high due to the continent's rich abundance in raw materials. Africa is estimated to contain 90% of the entire world supply of platinum and cobalt, half of the world's gold supply, two-thirds of world manganese, and 35% of the world's uranium. It also accounts for nearly 75% of the world's coltan, an important mineral used in electronic devices, including cellphones.
China has also been expanding its military presence into Africa and rivaling the United States on investment and military activity there. Investment in the continent has also been a topic of discussion for the United States and China in its ongoing trade negotiations and political deliberations.
Fuel for a Growing Economy
China is a premier emerging market nation, and the well-being of its economy significantly impacts world markets. As the world's largest nation continues its economic expansion, Chinese leaders recognize the increasing need for natural resources, food, and product markets necessary for continued economic growth.
The focus on resource-rich Africa is a logical one for China. Mining investments account for nearly one-third of China's total foreign direct investment, or FDI, in African nations. By working to secure a solid base of critical raw materials, China strengthens its economy for decades to come. In part because of its need for an ongoing supply of raw materials, China considers Africa an important partner in its One Belt One Road (OBOR) initiative.
China's "One Belt One Road" is an elaborate economic development plan to improve cooperation and trade among approximately 78 countries spanning Asia, Africa, and Europe.
Political Motivations
The African continent is a logical place for China to look to extend its geopolitical influence. China is already the preeminent power in Asia. India, a historically traditional rival of China, is not a realistic choice for China to look for an increase in political influence, but the largely undeveloped countries of Africa represent a prime opportunity for China to significantly expand its global presence and influence in the world.
The nature of China's political motivations are partially revealed by its extensive investments in African infrastructure, as can be seen in the funding it's provided through the China-Africa Development Fund. If China can rise to a position where it exerts major control over essential economic elements such as the utilities sector and telecommunications in African countries, while also developing military influence, then it also holds considerable political alliance in those nations.
Good Business Sense
China is known for its pragmatism, economic and otherwise. While it represents a major emerging market opportunity for developed countries, China itself has to consider where its primary emerging market opportunities exist. It is already heavily invested in other Asian emerging markets, as well as in Latin markets and South America. African economies provide another sensible choice to take advantage of excellent growth opportunities both for political reasons and investment returns.
TERNATIONAL MARKETS
Interested in Investing in Africa? Here's How
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By PRABLEEN BAJPAI
Updated Jun 25, 2019
TABLE OF CONTENTS
EXPAND
Vast Natural Resources
Stocks Mirror the Economy
How To Invest
ETFs and Mutual Funds
ADRs
The Bottom Line
Africa’s journey from when it was tagged as the “The Hopeless Continent” on the cover of The Economist in May 2000 to December 2011, when the same publication put “Africa Rising” on its cover (and then “Aspiring Africa” in March 2013) has been anything but boring. Africa has become the newest destination for emerging markets investors. From 2000, according to the World Economic Forum, "half of the world's fastest-growing economies have been in Africa." Ghana and Ethiopia showed real GDP growth of over 8% in 2018.
KEY TAKEAWAYS
Over the last 20 years, Africa has gone from being seen as a "hopeless continent" in terms of its financial potential, to an interesting prospect for emerging market investors.
The continent has extensive natural resources, a young and increasingly educated workforce, more stability in terms of governance, and more prospects for economic growth than in years past.
For new investors looking to make a small investment, mutual funds or exchange-traded funds make the most sense.
More experienced investors may also consider American depositary receipts (ADRs) as a way to participate.
Vast Natural Resources
The African continent is incredibly rich in natural resources. It has huge, untapped reserves of natural gas and oil (10% of the world’s reserves) and largely unexploited hydroelectric power. It is home to vast gold, platinum, uranium, iron ore, copper and diamond reserves. Currently, only 10% of Africa’s arable land is being cultivated, yet it holds around 60% of the world’s cultivable land. As such, Africa has become a magnet for foreign direct investment (FDI).
Africa also has the advantage of a large and relatively cheap educated labor force. The continent is undergoing a demographic transformation, with youth as its theme; there is a very high proportion of Africans in their 20s and 30s with fewer dependents – both old and young – that will play out over the next decade.
There is stability in terms of governance; the countries that witnessed terrible periods of unrest have emerged as success stories. There are better policies in place, trade has improved and so has the business environment.
According to the World Economic Forum, by 2030, over 40% of Africans will belong to the middle or upper classes, and there will be a higher demand for goods and services. In 2030, household consumption is expected to reach $2.5 trillion, more than double that of 2015 at $1.1 trillion.
Much of that $2.5 trillion will be spent in three countries: Nigeria (20%), Egypt (17%) and South Africa (11%). But Algeria, Angola, Ethiopia, Ghana, Kenya, Morocco, Sudan, and Tunisia will attract companies seeking to enter new markets. The sectors expected to grow the most in the next 30 years are food and beverages, education and transportation, housing, consumer goods, hospitality and recreation, healthcare, financial services, and telecommunications.
Stocks Mirror the Economy
Sub-Saharan Africa has around 29 stock exchanges representing 38 countries including two regional exchanges. These exchanges have a lot of disparity in terms of their size and trading volume. The continent has a handful of prominent exchanges and many new and small exchanges that are characterized by small trading volumes and few listed stocks. Efforts are being put in place by all countries to boost their exchanges by improving investor education and confidence, improving access to funds, and making the procedures more transparent and standardized. The table below depicts the dollar-adjusted returns (as of 2018) of select stock exchanges in Sub-Saharan Africa (listed alphabetically).
STOCK MARKET 1M 1Y 3Y 5Y 10Y YTD
Botswana Stock Exchange -1.2% -13.6% -24.9% -28.7% -31.0% -18.5%
BRVM -10.4% -25.2% -39.7% -28.7% -18.2% -31.0%
Dar es Salaam Stock Exchange -2.2% -4.0% -18.5% -21.5% 9.0% -15.8%
Egyptian Exchange -9.7% -9.0% -20.9% N/A N/A -12.3%
Ghana Stock Exchange -6.0% 8.9% 10.3% -38.8% N/A 3.5%
Johannesburg Stock Exchange -10.0% -19.4% -15.3% -26.4% 58.3% -31.0%
Lusaka Stock Exchange -0.5% -13.7% -3.8% -51.3% -37.3% -16.1%
Malawi Stock Exchange -3.0% 33.1% 31.8% 18.3% N/A 28.0%
Nairobi Securities Exchange -4.5% -9.2% 5.2% -9.1% 73.1% -14.5%
Namibian Stock Exchange -2.4% 1.1% 20.5% 30.2% 171.8% -12.6%
Nigerian Stock Exchange -1.1% -12.2% -39.0% -62.2% -71.7% -15.8%
Rwanda Stock Exchange -2.5% -4.6% -36.4% N/A N/A -6.5%
Stock Exchange of Mauritius 0.3% 1.9% 23.7% -1.9% 61.3% 0.1%
Uganda Securities Exchange -3.4% 1.7% -8.9% -26.7% 32.9% -13.4%
Zimbabwe Stock Exchange 28.9% -0.6% 291.4% 144.2% N/A 58.1%
S&P500 -6.9% 5.3% 30.4% 54.4% 184.2% 1.4
Source: investinginafrica.com
How To Invest
African stock markets come in different flavors, and they require deep understanding to select the appropriate stock exchange. Investing through a mutual fund or exchange-traded fund (ETF) is a better bet for small investors looking to taste a bit of Sub-Saharan Africa.
Direct Access
The way to directly access African stocks is to open a local brokerage account. This can be a bit complicated, as investors need to shortlist stocks, as well as stock exchanges. Some of the brokerage firms that cater to foreign investors interested in a single country include:
Tanzania: Orbit Securities, Vertex Securities;
Kenya: Faida Investment Bank;
Ghana: CAL Brokers, FirstBanc Brokerage Services and Stanbic Bank Ghana Brokerage
Nigeria: Zenith Securities, Meristem and Cowry Securities;
Zimbabwe: EFE Securities and Lynton Edwards;
South Africa: Nedbank Online Trading and Sanlam iTrade.
Some of the noteworthy companies across different exchanges are KenolKobil Ltd., Dangote Cement PLC, CRDB Bank, National Microfinance Bank (NMB), African Alliance, Bank of Kigali, Bralirwa Ltd., Equity Bank, KCB Bank, ARM Cement, Ecobank, UBA Plc, CIC Insurance, Britam, Courteville Business Solutions PLC and Naspers Ltd.
The Johannesburg Stock Exchange (JSE) is the largest stock exchange in Africa by market capitalization.
ETFs and Mutual Funds
Investing via ETFs and mutual funds comes with the built-in advantage of ease (traded on U.S. exchanges), diversification and professional management. Some of the prominent ones are:
The Market Vectors Africa Index ETF (AFK), which tracks some of the largest and most liquid stocks in Africa. It holds about 114 stocks and has a country allocation of Egypt (21.4%), South Africa (20.7%), Nigeria (15%), United Kingdom (12.6%) and Morocco (6.6%).
The SPDR S&P Middle East & Africa ETF (GAF) is allocated 78.39% to South Africa, followed by the United Arab Emirates (8.23%), Qatar (7.72%), Egypt (3.97%) and Morocco (1.61%).
The iShares MSCI South Africa Index (EZA) is allocated 99.5% to mid-sized and large companies in South Africa in the financial, consumer discretionary and telecommunication services sectors.
The Market Vectors Egypt Index ETF (EGPT) gives access to Egypt, the third-largest economy in Africa, with an allocation of around 85%. The remainder is spread to geographically diversify across Luxembourg, Canada, and Ireland.
The Global X Nigeria Index ETF (NGE) concentrates on Nigeria with financials, consumer staples, energy, materials, and industrials as the top sectors.
The Cloud Atlas Big50 ex-SA ETF (AMIB50:SJ) is an ETF domiciled in South Africa. The exchange-traded fund invests in 50 representative companies across the African continent, excluding South Africa, through 15 African stock exchanges.
Mutual funds that invest in Africa include the Alquity Africa Fund (ALQAFBG:LX), Investec Pan Africa (INVPNAS:GU), Neptune Investment funds II – Neptune Africa Fund (NEPAFRB:LN), JPM Africa Equity (JPMAACU:LX), Commonwealth Africa Fund (CAFRX) and Nile Pan-Africa Fund A (NAFAX).
For market participants new to investing in African companies, mutual funds and ETFs are the safest bet, followed by the American Depositary Receipts of select companies.
ADRs
American depositary receipts (ADRs) are a good way for investors in the United States to pick select African stocks trading on U.S. exchanges. Many of these are natural resources plays, such as AngloGold Ashanti (AU), DRD Gold (DRD), Gold Fields (GFI), Harmony Gold (HMY), Randgold (GOLD), Sibanye Gold and Sasol (SSL). All of the previously mentioned companies are in mining, with the exception of Sasol, which is in the oil and gas business. In addition, MiX Telematics (MIXT) is in the logistics technology business. There is a wider universe of African stocks that trade on the Pink Sheets or over-the-counter (OTC) market. Pink sheets are less regulated and are traded in thin volumes.
The Bottom Line
Africa still has a lot to combat. Political and social unrest, lack of infrastructure and poverty are common problems. But the bigger picture portrays the continent's progress; increasingly, there is political stability, economic growth, and advances in its banking systems, with better accounting and transparency. There is increasing demand from its growing middle class, and local companies are filling that need expanding. Nobody can predict the growth trajectory with accuracy, but Sub-Saharan Africa is poised for growth.
Disclosure: The author did not hold any of the mentioned stocks/funds at the time this was written.
NEWS
Investing in Africa is sound business and a sustainable corporate strategy
BY:
AYODELE ODUSOLA
The best time to invest in Africa is now. However, foreign investors have not moved into the continent as quickly as expected because foreign investment decisions are often methodically overstructured. One of the major factors cited is too much risk. But risks and profits are inseparable twins: high-risk ventures are frequently associated with higher profits.
Africa is the most profitable region in the world. A report by the UN Conference on Trade and Development states that between 2006 and 2011, Africa had the highest rate of return on inflows of Foreign Direct Investment: 11.4%. This is compared to 9.1% in Asia, 8.9% in Latin America and the Caribbean. The global figure is 7.1%.
Examples of companies benefiting from bountiful profits in Africa abound: Sonatrach’s turnover from oil and gas alone was $33.2 billion; MTN Group’s turnover was about $10 billion; and Dangote Group’s turnover was $4.1 billion—all in 2017. A variety of factors drive up Africa’s profit prospects, making it imperative for European, North American, Asian, and Latin American businesses to invest, helping to foster the continent’s economic progress.
Africa’s economic growth prospects are among the world’s brightest. Six of the world’s 12 fastest-growing countries are in Africa (Ethiopia, Democratic Republic of the Congo, Côte d’Ivoire, Mozambique, Tanzania, and Rwanda). Further, between 2018 and 2023, Africa’s growth prospects will be among the highest in the world, according to the IMF. Good news: sectors where foreign companies could have a comparative advantage, such as banking, telecommunications and infrastructure, are among the drivers of current economic growth in Africa—creating clear investment opportunities for foreign businesses.
Africa’s growing, youthful population, amidst an aging population in most other regions, constitutes a formidable market. The continent’s population is predicted to quadruple from 1.19 billion in 2015 to 4.39 billion by 2100. In 2015 alone, 200 million Africans entered the consumer goods market. Maximizing this bourgeoning market size calls for actively engaging Africa’s structural economic transformation.
Africa’s youthful population contributes to an abundancy of labour, which is one of the region’s highest potentials for labor-intensive industrialization, and lowers production costs, leading to benefits that far outweigh the cost of doing business on the continent. The hourly wage in Africa is less than 50 cents (for example, it’s $0.27 in Mozambique, $0.34 in Nigeria and $1.62 in Morocco) compared to $10.49 in UK, $7.25 in the USA and $6.57 in Japan. Engaging more foreign companies may help raise wage rates in Africa, improve labour market efficiency and generate additional resources for those left behind on the age ladder.
Africa’s large deposits of natural resources promise a bright future for developing value chains. Agriculture and the extractive sectors are linchpins of national, regional and global value chains. Africa hosts 60% of the world’s uncultivated arable land. In 2015, the continent produced 13% of global oil, up from 9% in 1998. The growth trend of oil and natural gas production between 1980 and 2012 was amazing: from 53.4 billion barrels to 130.3 billion barrels for oil; for natural gas, from six trillion cubic meters in 1980 to 14.5 trillion cubic meters in 2012. As of 2012, Africa also controlled 53.9% of the world’s diamond resources.
In 2017, the Democratic Republic of the Congo alone accounted for 58% of the world’s cobalt (used in electronics production) while South Africa accounted for 69.6 % of the world’s platinum production in 2016 (used for catalytic converters and in other goods). Actively investing in adding value to these commodities, among other extractive activities, will shape global economic activities over the next five decades.
Finally, emerging domestic developments lend credence to actively engaging Africa’s economic transformation agenda. Some of these developments include improvements in macroeconomic prudence and overall governance. For instance, evidence from the 2017 Ibrahim Index of African Governance shows that Africa’s overall governance index improved at an annual rate of 1.4% since 2007, an improvement of more than 5% in at least 12 countries, including Côte d’Ivoire, Tunisia, Rwanda and Ethiopia. This improvement helps to mitigate perceived risks for many investors on the continent.
African governments should build on this positive trend to maximize foreign investments. This includes eliminating corruption; improving safety and security; strengthening macroeconomic environment, investing in quality education and skill development in science, technology and innovation; and avoiding a ‘race to the bottom’ syndrome, that gives unnecessary tax holidays and waivers to foreign companies.
Investing in Africa is good business and a sustainable corporate strategy for foreign investors. Advanced and emerging countries’ governments and the private sector should leverage these profitable, emerging investment opportunities. Using official development assistance to leverage and de-risk the investment climate in Africa is a key component in attracting FDI. Japan’s Nippon Export and Investment Insurance (NEXI) initiative, to insure a facility in Ghana, is a laudable effort that should be scaled-up and supported by other actors.
Implementing the Sustainable Development Goals (SDGs) in Africa offers investment opportunities to foreign companies. Good examples abound: the Sumitomo Chemical’s insect-proofing mosquito nets technology is helping to fight malaria; the Sonatrach, JGC, and Hitachi’s desalinating seawater technology is accelerating access to clean water; and the Commodity Risk Management Group and the Sompo Japan Niponkoa’s weather index insurance is helping to mitigate climate change. In Africa, each SDG offers business solutions and investment opportunities to foreign companies.
The UN Development Programme (UNDP) is working with African governments and private sector actors to de-risk and improve the continent’s investment climate. Developing industrial strategies and clusters, promoting special economic zones, improving energy access, facilitating innovative funding, advocating for value chain development across countries and supporting investment promotion through the International Conference on the Emergence of Africa are some of UNDP’s efforts.
The best time to invest in Africa is now.
Dr. Ayodele Odusola is the Chief Economist, UNDP Regional Bureau for Africa
Date: July 6, 2020
The Rapid Rise of Alternet Systems, Inc. (OTCMKTS: ALYI)
Symbols: ALYI, DECN, NSPXD, ELTP
July 6, 2020 -- Investorshub NewsWire -- via Microcap Daily -- BY JACOB WATSON -- Alternet Systems, Inc. (OTCMKTS: ALYI) continues to see higher highs and higher lows surging past a penny and establishing itself as one of the top most traded stocks in small caps regularly topping several million USD in daily trading volume.
The stock has quickly attracted legions of shareholders as the Company continues to report on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall $300 million electric mobility project in Africa. On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI).
Alternet Systems, Inc. (OTCMKTS: ALYI) is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.
The big story on ALYI is its planned $300 million comprehensive electric vehicle strategy in Africa founded on initially launching the commercial production of the company’s own ReVolt Electric Motorcycle. The ReVolt Electric Motorcycle pilot passed initial design requirements and ongoing pilot design refinements are expected to soon deliver a reduced overall weight and improved cruising range. ALYI has partnered with an independent firm founded specifically for launching an initial crypto currency offering (ICO) dedicated to funding ALYI’s overall $300 million electric mobility project in Africa.
On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI). ALYI yesterday announced executing a letter of intent (LOI) for a $25 million first tranche investment at in advance of a planned initial coin offering (ICO) to fund ALYI’s $300 million electric mobility initiative in Africa. In addition to producing the ReVolt Electric Motorcycle for the shared-ride market, ALYI intends to generate annual revenue from producing an annual electric mobility conference and symposium that includes a major brand name anchor event. The prefunding is intended to support the initiation of immediate efforts necessary to prepare for the inaugural electric mobility event next year. The funds will be provided as a loan convertible into the $25 million first tranche investment. The complete first tranche investment agreement is anticipated to be completed within the next 90 days.
The developing ALYI annual African electric mobility technology conference and symposium is designed to advance the deployment of electric powered transportation solutions specific to Africa. The focus includes environmental sustainability but also overall transportation efficiency applicable to the African transportation infrastructure, economy, and consumer. ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation. The planed conference and symposium location is Nairobi, Kenya.
Currently trading at a $5.7 million market valuation ALYI is an exciting story developing in snall caps; the Company continues to report on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall electric mobility project. On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI) to fund its initiatives. ALYI currently has massive momentum, liquidity and a fast growing shareholder base bidding the stock higher. We will be updating on ALYI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ALYI.
Original Publication: https://microcapdaily.com/the-rapid-rise-of-alternet-systems-inc-otcmkts-alyi/126255/
Other Microcap Daily features include Decsion Diagnostics (DECN), Inspyr Therapeutics (NSPXD), and Elite Pharmaceuticals (ELTP).
SOURCE: Microcap Daily
View source version on Investorshub.com: https://ih.advfn.com/p.php?pid=nmona&article=82797610
Date: July 6, 2020
The Rapid Rise of Alternet Systems, Inc. (OTCMKTS: ALYI)
Symbols: ALYI, DECN, NSPXD, ELTP
July 6, 2020 -- Investorshub NewsWire -- via Microcap Daily -- BY JACOB WATSON -- Alternet Systems, Inc. (OTCMKTS: ALYI) continues to see higher highs and higher lows surging past a penny and establishing itself as one of the top most traded stocks in small caps regularly topping several million USD in daily trading volume.
The stock has quickly attracted legions of shareholders as the Company continues to report on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall $300 million electric mobility project in Africa. On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI).
Alternet Systems, Inc. (OTCMKTS: ALYI) is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.
The big story on ALYI is its planned $300 million comprehensive electric vehicle strategy in Africa founded on initially launching the commercial production of the company’s own ReVolt Electric Motorcycle. The ReVolt Electric Motorcycle pilot passed initial design requirements and ongoing pilot design refinements are expected to soon deliver a reduced overall weight and improved cruising range. ALYI has partnered with an independent firm founded specifically for launching an initial crypto currency offering (ICO) dedicated to funding ALYI’s overall $300 million electric mobility project in Africa.
On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI). ALYI yesterday announced executing a letter of intent (LOI) for a $25 million first tranche investment at in advance of a planned initial coin offering (ICO) to fund ALYI’s $300 million electric mobility initiative in Africa. In addition to producing the ReVolt Electric Motorcycle for the shared-ride market, ALYI intends to generate annual revenue from producing an annual electric mobility conference and symposium that includes a major brand name anchor event. The prefunding is intended to support the initiation of immediate efforts necessary to prepare for the inaugural electric mobility event next year. The funds will be provided as a loan convertible into the $25 million first tranche investment. The complete first tranche investment agreement is anticipated to be completed within the next 90 days.
The developing ALYI annual African electric mobility technology conference and symposium is designed to advance the deployment of electric powered transportation solutions specific to Africa. The focus includes environmental sustainability but also overall transportation efficiency applicable to the African transportation infrastructure, economy, and consumer. ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation. The planed conference and symposium location is Nairobi, Kenya.
Currently trading at a $5.7 million market valuation ALYI is an exciting story developing in snall caps; the Company continues to report on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall electric mobility project. On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI) to fund its initiatives. ALYI currently has massive momentum, liquidity and a fast growing shareholder base bidding the stock higher. We will be updating on ALYI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ALYI.
Original Publication: https://microcapdaily.com/the-rapid-rise-of-alternet-systems-inc-otcmkts-alyi/126255/
Other Microcap Daily features include Decsion Diagnostics (DECN), Inspyr Therapeutics (NSPXD), and Elite Pharmaceuticals (ELTP).
SOURCE: Microcap Daily
View source version on Investorshub.com: https://ih.advfn.com/p.php?pid=nmona&article=82797610
It would be nice if this is truth and not hype...
You seem very well rehearsed...I'm good with my decision...I'll just keep posting articles and information like I usually do...
That was then, this is now...Located at the bottom of the article I posted today...Pretty much says it all for me...
Disclosure: we hold no position in ALYI either long or short and we have not been compensated for this article.
A VERY NICE ARTICLE FROM, MICROCAP DAILY
The Rapid Rise of Alternet Systems, Inc. (OTCMKTS: ALYI) 0
BY JACOB WATSON ON JULY 2, 2020MEDIA & TECHNOLOGY, MICRO CAP INSIDER, STREET WATCH
Post Views: 448
Alternet Systems, Inc. (OTCMKTS: ALYI) continues to see higher highs and higher lows surging past a penny and establishing itself as one of the top most traded stocks in small caps regularly topping several million USD in daily trading volume.
The stock has quickly attracted legions of shareholders as the Company continues to report on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall $300 million electric mobility project in Africa. On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI).
Alternet Systems, Inc. (OTCMKTS: ALYI) is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.
The big story on ALYI is its planned $300 million comprehensive electric vehicle strategy in Africa founded on initially launching the commercial production of the company’s own ReVolt Electric Motorcycle. The ReVolt Electric Motorcycle pilot passed initial design requirements and ongoing pilot design refinements are expected to soon deliver a reduced overall weight and improved cruising range. ALYI has partnered with an independent firm founded specifically for launching an initial crypto currency offering (ICO) dedicated to funding ALYI’s overall $300 million electric mobility project in Africa.
To Find out the inside Scoop on ALYI Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
ALYI
On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI). ALYI yesterday announced executing a letter of intent (LOI) for a $25 million first tranche investment at in advance of a planned initial coin offering (ICO) to fund ALYI’s $300 million electric mobility initiative in Africa. In addition to producing the ReVolt Electric Motorcycle for the shared-ride market, ALYI intends to generate annual revenue from producing an annual electric mobility conference and symposium that includes a major brand name anchor event. The prefunding is intended to support the initiation of immediate efforts necessary to prepare for the inaugural electric mobility event next year. The funds will be provided as a loan convertible into the $25 million first tranche investment. The complete first tranche investment agreement is anticipated to be completed within the next 90 days.
The developing ALYI annual African electric mobility technology conference and symposium is designed to advance the deployment of electric powered transportation solutions specific to Africa. The focus includes environmental sustainability but also overall transportation efficiency applicable to the African transportation infrastructure, economy, and consumer. ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation. The planed conference and symposium location is Nairobi, Kenya.
$ALYI is getting lots of attention on twitter:
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Currently trading at a $5.7 million market valuation ALYI is an exciting story developing in snall caps; the Company continues to report on its planned $300 million comprehensive electric vehicle strategy in Africa as well as the launch of a initial crypto currency offering (ICO) dedicated to funding ALYI’s overall electric mobility project. On July 1 ALYI announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI) to fund its initiatives. ALYI currently has massive momentum, liquidity and a fast growing shareholder base bidding the stock higher. We will be updating on ALYI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ALYI.
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Disclosure: we hold no position in ALYI either long or short and we have not been compensated for this article.
SHOW THE RESPONSE...
So Basicly, what the African gentleman was saying...Welcome to Africa, ALYI... (WINK)
Seeking Alpha:ALYI
Date: July 2, 2020
ALYI - Alternet receives advance for African mobility initiative
Symbols: ALYI, FRAN, GRAF, SOLO
July 2, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha
About: Alternet Systems, Inc. (ALYI) | By: Khyathi Dalal, SA News Editor
Alternet Systems (OTCPK:ALYI) announced that the company will receive up to $2.5M in advance of its $25M first tranche investment agreement.
Besides, the company also plans to generate annual revenue from producing an annual electric mobility conference and symposium that includes a major brand name anchor event targeted for Q121.
The first tranche investment agreement is expected to be completed within the upcoming 90 days.
Original publication: https://seekingalpha.com/news/3588003-alternet-receives-advance-for-african-mobility-initiative?utm_medium=email&utm_source=seeking_alpha&mail_subject=alyi-alternet-receives-advance-for-african-mobility-initiative&utm_campaign=rta-stock-news&utm_content=link-3
Other stocks "on the move" highlighted by Seeking Alpha today include FRAN, SOLO and GRAF.
SOURCE: Seeking Alpha
View source version on Investorshub.com: https://ih.advfn.com/p.php?pid=nmona&article=82782622
InvestorsHub has been paid by a third party to disseminate this news.
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Registered address: PO Box 780, Harrisonville, MO 64701-0780
ALYI CEO INTERVIEW...
This is the ALYI Podcast spoken about earlier, from September 10th of last year...And yes, they seem to be heading for the timeline they spoke of...Its around the seven minute mark...The whole interview is very interesting, including the other guest, who talks about powering up Africa...
https://www.goldmanresearch.com/201909101250/Opportunity-Research/new-ceo-podcast-interview.html
NEWS!!!
PURA First Step Toward New Cannabis Cultivation Spinoff Deal and Corresponding Dividend Coming Next Week
11:27 AM ET 7/2/20 | Dow Jones
DALLAS, July 2, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today announced the first step of a multi-step deal to merge PURA's cannabis cultivation spinoff with NCM Biotech is anticipated to close by the end of next week. PURA had previously spun-off its cannabis cultivation operation to Nouveau (USOTC: NOUV) and is now unwinding that deal and moving forward with a new deal structured to include resolving the delayed issue of a planned dividend to PURA shareholders. NCM Biotech is a subsidiary of Kali-Extracts (USOTC: KALY) being merged with PURA's cannabis spinoff. The terms of the planned merger transaction between PURA's cannabis cultivation operation and NCM Biotech includes a planned issue of dividends to PURA shareholders.
The overall transaction will take place in several separate steps with the first step anticipated next week. The step anticipated next week is a change of control derived by a management buyout at a public company currently working in the medical cannabis sector. The management team at the public company is expected to simultaneously announce the planned acquisitions of PURA's cannabis cultivation company and KALY's NCM Biotech.
To execute the deal with the new medical cannabis sector public company, PURA will first unwind its spinoff transaction with NOUV. Immediately following the unwind, PURA will exchange the cannabis cultivation operation for common stock in the public medical cannabis sector public company. The common stock is intended to be issued in a dividend distribution. The target dividend ratio is one for one.
The NCM Biotech purchase is also intended to be executed in exchange for common stock from the acquiring public company.
The cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA's cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com.
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley
info@aciconglomerated.com
+1-(800)-861-1350
View original content:http://www.prnewswire.com/news-releases/pura-first-step-toward-new-cannabis-cultivation-spinoff-deal-and-corresponding-dividend-coming-next-week-301087693.html
SOURCE Puration Inc.
/Web site: https://www.purationinc.com
> Dow Jones Newswires
July 02, 2020 11:27 ET (15:27 GMT)
NEWS!!!
PURA First Step Toward New Cannabis Cultivation Spinoff Deal and Corresponding Dividend Coming Next Week
11:27 AM ET 7/2/20 | Dow Jones
DALLAS, July 2, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today announced the first step of a multi-step deal to merge PURA's cannabis cultivation spinoff with NCM Biotech is anticipated to close by the end of next week. PURA had previously spun-off its cannabis cultivation operation to Nouveau (USOTC: NOUV) and is now unwinding that deal and moving forward with a new deal structured to include resolving the delayed issue of a planned dividend to PURA shareholders. NCM Biotech is a subsidiary of Kali-Extracts (USOTC: KALY) being merged with PURA's cannabis spinoff. The terms of the planned merger transaction between PURA's cannabis cultivation operation and NCM Biotech includes a planned issue of dividends to PURA shareholders.
The overall transaction will take place in several separate steps with the first step anticipated next week. The step anticipated next week is a change of control derived by a management buyout at a public company currently working in the medical cannabis sector. The management team at the public company is expected to simultaneously announce the planned acquisitions of PURA's cannabis cultivation company and KALY's NCM Biotech.
To execute the deal with the new medical cannabis sector public company, PURA will first unwind its spinoff transaction with NOUV. Immediately following the unwind, PURA will exchange the cannabis cultivation operation for common stock in the public medical cannabis sector public company. The common stock is intended to be issued in a dividend distribution. The target dividend ratio is one for one.
The NCM Biotech purchase is also intended to be executed in exchange for common stock from the acquiring public company.
The cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA's cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com.
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley
info@aciconglomerated.com
+1-(800)-861-1350
View original content:http://www.prnewswire.com/news-releases/pura-first-step-toward-new-cannabis-cultivation-spinoff-deal-and-corresponding-dividend-coming-next-week-301087693.html
SOURCE Puration Inc.
/Web site: https://www.purationinc.com
> Dow Jones Newswires
July 02, 2020 11:27 ET (15:27 GMT)
Alternet receives advance for African mobility initiative
Jul. 1, 2020 4:25 PMAlternet Systems, Inc. (ALYI)By: Khyathi Dalal, SA News Editor
Alternet Systems (OTCPK:ALYI +2.2%) announced that the company will receive up to $2.5M in advance of its $25M first tranche investment agreement.
Besides, the company also plans to generate annual revenue from producing an annual electric mobility conference and symposium that includes a major brand name anchor event targeted for Q121.
The first tranche investment agreement is expected to be completed within the upcoming 90 days.
You're welcome...
SOMETHING THAT MIGHT HAVE BEEN MISSED EARLIER...
This is the ALYI Podcast spoken about earlier, from September 10th of last year...And yes, they seem to be heading for the timeline they spoke of...Its around the seven minute mark...The whole interview is very interesting, including the other guest, who talks about powering up Africa...
https://www.goldmanresearch.com/201909101250/Opportunity-Research/new-ceo-podcast-interview.html