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You didn’t see that ALYI PR (it’s not an article - it says OTC PR Wire and the source is Randy Torno) was from April of 2018 - 2 1/2 years ago? Before the Steve McQueen estate put out a cease and desist against ALYI using Steve’s image without a license? At this time they were also telling us that we could buy them by Christmas (of 2018) in stores in the US and at fairs. They then changed the story to sales in Kenya at some undetermined time so that it would be harder to disprove once Christmas of 2018 got too close.
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/alternet-revolt-electric-motorcycle-everyone-145500578.html
They are exploring solutions with Samsung just like I am exploring solutions with McDonalds when I think about what to have for lunch. It doesn’t mean McDonalds endorses me or my business. Randy name drops ALL the time (especially Tesla) including when he hilariously PR’d a partnership between ALYI and LEXG - one of the biggest OTC scams of all time.
https://www.prnewswire.com/news-releases/alternet-systems-announces-loi-to-acquire-lithium-exploration-group-soncav-asset-in-deal-to-include-dividend-distributions-to-shareholders-of-both-companies-669717683.html
Bloomberg pulls their share count from the last time ALYI filed a 10-Q or 10-K with the SEC. That was the June 2017 quarterly when shares out were 116.7MM. This is totally out of date and there has been MASSIVE dilution since that time. In their last quarter they filed on otcmarkets.com ALYI showed 659.2 MM shares out as of June 30, 2020. You can call their transfer agent (listed in filings on it markets) to get a current share count or look at the link posted a few posts before this to otcmarkets.com to see it is over 1.4 billion shares so more than double in 4 1/2 months.
So they missed their deadlines for funding the $2.5MM and $25MM - this is all this BS PR just posted “confirms” - they have gone backwards since July with no hint of this in the earlier “presentations” and “confirmations”
Compare this to the PR from July:
Dallas, Texas--(Newsfile Corp. - July 15, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced acceleration plans to close a $25 million first tranche investment currently committed under a letter of letter of intent (LOI). The LOI was announced June 30, 2020 and at that time, the target closing date was 90 days. ALYI and the investor have now agreed on plans to close the transaction by the end of August.
https://finance.yahoo.com/news/alyi-announces-electric-vehicle-ico-173700878.html
The $2.5MM was supposed to come from CIAU ICO scammer Dabrowski himself (who provides this empty “update”) and they were so certain about the $25MM that they were so sure of they PR’d an acceleration of it from September to August but as usual no explanation of what went wrong.
“the plan remains intact pending the finalization of the various processes necessary to securing required prior authorizations“ - what does this garbage mean? that the “various processes” were not known until now?
I love how they call the funding “intact pending”! Such a joke
Scammer turd Alex Walsh found another finance job
https://eventusag.com/meet-our-experts/
No it’s still private
https://www.clarkson.edu/news/clarkson-university-professor-alumnus-secure-funding-continue-partnership-hemp-based-carbon
But he’s no longer w Clarkson
https://mitlingroup.com/
It’s coming at the end of August just like they promised! How long until August 31, 2020?
Dallas, Texas--(Newsfile Corp. - July 15, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced acceleration plans to close a $25 million first tranche investment currently committed under a letter of letter of intent (LOI). The LOI was announced June 30, 2020 and at that time, the target closing date was 90 days. ALYI and the investor have now agreed on plans to close the transaction by the end of August.
https://finance.yahoo.com/news/alyi-announces-electric-vehicle-ico-173700878.html
Oh wait that date was from ALYI CEO Randy Torno who promises and PRs everything at ALYI, ANCE and PJET but only delivers silence and skulls and crossbones on the tickers he abandons!
If you believe in the potential for hemp batteries you should invest in Dr. Mitlin’s (the expert in this article you posted) company Enermat which unlike AYLI actually has hemp battery patents (ALYI had battery patent licenses from Air Products but gave them up years ago when they couldn’t afford them. I have detailed this and how to see it in financials - the disappearance of patent assets on the balance sheet- but the easiest way is to google the patent numbers in ALYIs outdated and misleading filings and you’ll see the owners). Enermat is not public but maybe Dr. Mitlin will take private equity. While you’re at it you can ask him about AYLI. You can google his contact info. He did a small consulting project for them (so that they could PR it incessantly even lying that he was “leading their research team” at ALYI). After several people called to confirm this he denied it and ALYI stopped mentioning him. My guess is it was a cease and desist order. Now ALYI is PR’ing that they will attempt to repeat this “university partner” scam by looking for a new Dr. Mitlin.
That’s true in an armed robbery also
They have nothing. They mentioned buying batteries from other sources to create an “ecosystem” and made a vague reference to the Professor Mitlin fiasco ( “ALYI's hemp battery initiative has formerly engaged notable industry leadership in the hemp supercapacitor research field“) then basically said they were looking for the next Professor Mitlin as a low cost way to PR that they have some technology which they really don’t. Randy chooses his words VERY carefully to make something sound like it COULD be something real and then always underdelivers.
Guaranteed they slap a cycle together with bought parts and video it for a big “reveal.” However, that will probably make the stock run until it collapses again.
With these scams there is no practical difference between a LOI and a contract anyway as they never lost any terms. I would place a $50MM order for 5000 EV cycles that can fly, operate underwater, and come with $10,000 in each sidecar. ALYI would sign that and PR a $50MM contract. Until you see revenue and then see that revenue turn into cash within a reasonable amount of time (and not sit there as IOUs in accounts receivable as ALYI’s consulting revenue has for two years) neither means much - just like when ALYI CEO Randy Torno PR’d Kenyan contracts worth millions at ANCE and then just went silent when they disappeared and the stock went skull and crossbones.
Well the summary is
1) we don’t have any technology so we’re going to buy a bunch of parts from other people, slap a cycle together and take a video to sucker more people into buying the stock
2) we didn’t mention the $2.5MM ICO investment that was supposed to happen last month from Henryk so it didn’t happen. Good luck on the other “$100MM” as we’ll keep pushing the dates out like we do every other deadline at AYLI, ANCE, and PJET.
3) we’re going to do another small university consulting project, exaggerate and PR the heck out of it like we did with Dr. Mitlin at Clarkson until he made us stop lying about it
ALYI has nothing to do with Rivian. Just google Rivian (was the thinking that they start with the same letter and Randy Torno is just too shy to PR an order from Amazon?). The $.88 print on 8/17 does not represent a real purchase. It is marked Prior Day Cancellation. Finally, TSLA’s battery day is a real event. Announced months ago and paired with its shareholder meeting. It is a real event that all can watch online and some shareholders can attend in person and ask questions. AYLI’s was a last minute afterthought that will not be an event but will be a short written PR rehash of prior PRs along with name dropping. ALYI never responds to emails or phone calls and does not have real shareholder meetings or events where questions can be asked. Calling it a battery “day” is a complete joke. The only “analyst” who may cover it is Rob Goldman if ALYI pays him again to write a Goldman Small Cap Research pump where the disclosures will state again that he is not Goldman Sachs and that ALYI has paid for the “research report.”
If you believe that you should invest in Dr. Mitlin’s (the expert in this article) company Enermat which unlike AYLI actually has hemp battery patents (ALYI had battery patent licenses from Air Products but gave them up Years ago when they couldn’t afford them. I have detailed this and how to see it in financials - the disappearance of patent assets on the balance sheet- but the easiest way is to google the patent numbers in ALYIs outdated and misleading filings and you’ll see the owners). Enermat is not public but maybe Dr. Mitlin will take private equity. While you’re at it you can ask him about AYLI. You can google his contact info. He did a small consulting project for them (so that they could PR it incessantly even lying that he was “leading their research team” at ALYI). After several people called to confirm this he denied it and ALYI stopped mentioning him. My guess is it was a cease and desist order.
Goldman Small Cap Research - the best scam research OTC companies can buy! ALYI pays for this and all of the Rob Goldman (not Goldman Sachs) research. Rob Goldman states that in the disclaimers on his site. He basically restates the PRs and then puts a price on in a very sloppy manner (he never looks at debt, never anticipates dilution, and uses questionable methods in putting “comparable” multiples).
But they did get an ex-bartender with a whole 5 years of boat component design to start designing it!
Article written by ALYI CEO Randy Torno - no bias there!
Hilarious. They announced their first orders two years ago and now they announce they finally hired a one man shop who has been a boat designer for 5 years and a bartender before that to totally start redesign. Those customers who ordered two years ago must really be happy with what they waited so long for. This company is hilarious.
I don’t see how the Ven balance staying constant every quarter is possible. There may be a reason that they have not collected payment for two years of consulting revenues but I can’t think of a good one that makes sense and they have never explained it. Definitely read the financials though.
They publish unaudited financials on
https://www.otcmarkets.com/stock/ALYI/overview
Two things to be suspect of are
1) the “consulting revenues” which are all the reported revenues never become cash. They just pile up as IOUs in accounts receivable for over two years.
2) the value of Ven, which is a floating cryptocurrency, on the balance sheet stays exactly the same in dollars every quarter for years which is impossible.
That’s like saying I’m partners with Facebook because I have an account
Yeah but legitimate companies start with some type of venture or founders capital not massive equity dilution, and Tesla had more than just one (part-time) employee, a CEO who created at least 3 successful companies not two defunct frauds like Randy Torno created (and more from Henryk Dabrowski and Ed Bollen). Tesla also had legitimate financial statements that made sense. This is like investing in Bernie Madoff’s new fund because he PRs it will be great.
The money isn’t for a plant - it’s for a convention center! Isn’t that fun!
https://www.prnewswire.com/news-releases/alyi--alternet-announces-engineering-engagement-to-build-100-acer-facility-301090514.html
You have to ask - why didn’t they just publish the “presentation” (which is never a presentation but almost always a very short rehash of previously PR’d info) rather PRing that a PR is coming next week. That’s not normal. It’s not like they need a week to figure what the one or two new semi secret design “hints” are and they never look like they took more than 30 minutes to paste together.
That PR was a lie or if it is true, their financials have been false for years. ALYI is NOT covering operating essentials with the recurring consulting revenues. Accounts receivables with a low cash conversion rate is one of the biggest fraud red flags. According to all the financials ALYI has published, those revenues are just IOUs - piling up in accounts receivable for years rather than being paid in cash that can cover essentials. IOUs don’t cover anything. Operating essentials have been paid by diluting the shares from160MM to 640MM shares in two years. It’s also odd that there are no technical consultants. Only a fundraiser and a lawyer - this shows what they really do with their time.
The recent revenue PR had no details on what the consulting revenue is for (the older financials said something bizarre like data consulting in South and Central America) and why it never gets paid. My best guess is that Tandy is counting what he is getting paid as a personal consultant to MÉTIS solutions. This is his real job. Look it up on LinkedIn- he doesn’t even mention being the CEO of AYLI or having run ANCE (another African fraud now defunct) or PJET (a cannabis fraud also defunct). A bit odd - right? And it’s the same Randy Torno. Compare the military and educational parts to his ALYI bio.
Why would they even PR that consulting revenue “news” since they were supposed to have $25MM of tranch 1 ICO cash in their cash account by this past Monday according to their July 15 PR. It will be interesting to see if we see that one September’s balance sheet to be published in October!!!
For sure
That is not AYLI.
Revolt Motorcycles
www.revoltmotors.com
Is a private company which makes electric powered motorcycles in India including the RV 400 mentioned in that article. It has nothing to do with ALYI.
ALYI is
www.revoltmotorbikes.com
which promised motorcycles for retail sale in the US in 2018 but produces nothing but PRs and really amateurish PowerPoint presentations as they have no cash or technology and the only (and part time) employee CEO Randy Torno has done a Kenyan scam (ANCE) and a cannabis water scam (PJET) and his ICO partner Henryk Dabrowski has done an ICO scam (CIAU).
Revolt Motorcycles
www.revoltmotors.com
Is a private company which makes electric powered motorcycles in India including the RV 400 mentioned in that article. It has nothing to do with ALYI.
ALYI is
www.revoltmotorbikes.com
which promised motorcycles for retail sale in the US in 2018 but produces nothing but PRs and really amateurish PowerPoint presentations as they have no cash or technology and the only (and part time) employee CEO Randy Torno has done a Kenyan scam (ANCE) and a cannabis water scam (PJET) and his ICO partner Henryk Dabrowski has done an ICO scam (CIAU).
What was the good news that they hadn’t PR’d before today? That the “last piece” before getting $100MM was that the ICO has to be domiciled in Bermuda?
In their July PR they said they would have $25MM of this in the bank by August 31. That wasn’t a loose estimate as they actually moved that up from a later date based on some supposed news. Let’s see if this happens but the “one step closer to securing $100MM” language sounds like they don’t as Randy ALWAYS exaggerates everything that can be positively PR’d.
That PR is a lie or if it is true, their financials have been false for years. ALYI is NOT covering operating essentials with the recurring consulting revenues. According to all the financials ALYI has published, those revenues are just IOUs - piling up in accounts receivable for years rather than being paid in cash that can cover essentials. IOUs don’t cover anything. Operating essentials have been paid by diluting the shares from160MM to 640MM shares in two years.
Amazing that lazy Randy couldn’t put this out yesterday as he PR’d he would. Why couldn’t they post this last week? There’s nothing new including no details on what the consulting revenue is for and why it never gets paid.
Why is that news also since they will supposedly have $25MM of tranch 1 ICO cash in their cash account by next Tuesday according to their July 15 PR. Will be interesting to see if we see that one September’s balance sheet to be published in October!!!
On the same site (StockWatch Twitter) on the same date (Aug 24) PURA and USMJ, also Philip Verges associated scams like AYLI, also posted merger/partnering rumors. So either fake or there will be some more scam deck shuffling which never works well (like PJET “partnering” with WCVC which killed that Randell Torno scam).
Aug 24
NORTH AMER CANNABIS HLDG $USMJ CEO To Verify Reverse Merger Discussions With Private Houston Base Firm
https://rumormurmursbuzz.blogspot.com/p/breaking.html
PURATION INC $PURA Share Price To Rise, Announcement Of Joint Venture With Top US Firm Readied For Release
https://rumormurmursbuzz.blogspot.com/p/breaking.html
What happened to the earnings update that was supposed to be posted today with insight into ongoing revenue (hopefully answering the question of what that consulting revenue is and why it hasn’t been paid in two years)?
https://finance.yahoo.com/news/alyi-announces-earnings-tuesday-next-182900991.html
If they are serving fresh food they don’t order three months in advance so no - they don’t order the same amount of food so there is zero evidence that food cost control has gotten better. The evidence is that it has gotten worse. Again, if someone actually wanted to analyze this they could and should look at the financials of other fast casual restaurants to see if Illegal Burger is doing well. Illegal Burger is not a retail clothing shop, a gym, a movie theater or a fine dining restaurant. They are a fast casual restaurant which as a group (Like Shake Shack) has done quite well - much better than Illegal Burger and certainly not close to burning as much US taxpayer or OTC investor cash as WCVC has done consistently ever quarter. From a purely economic standpoint, covid was not a curse for Jim, it was a $1.1MM government subsidy windfall which allows him to put off more massive dilution and the authorized massive potential reverse split (but who authorizes a reverse split they don’t intend to do given the awful signal or sends) by about another six months.
We know what Randy watched on Hulu last night!
And once again “revenues” failed to convert to cash and just piled up in accounts receivable. (i.e., money owed to them). Totally inconceivable that they would allow themselves not to be paid a penny for years for whatever they supposedly charged hundreds of thousands of dollars starting years ago for whatever it is they supposedly consult for (it used to say something like data consulting in Central and South America). Their own accounting notes say revenue is not recognized until all obligations have been fulfilled but they still allow themselves to get paid in IOUs that they haven’t collected on for years. That’s not normal at all. Also, the value of Ven, a floating currency that they claim to update in the accounting notes stays exactly the same in IS dollars every quarter Sloppy, lazy and totally impossible.
They did have El Senor Sol closed during the quarter (and if it had remained open pure same store comps would have been lower as it was closed due to not doing well in a takeout environment) since they dont list the data it’s hard to say if this was more revenue lost or not versus having Illegal Pizza opened for only part of June the previous year so 24% is probably worse than comps would have been (it would be nice to see the data that most restaurant chains give) but as the 10Q says that MOST (not all) of the decline was due to Senor Sol and the downtown location we know comps were negative even excluding Senor Sol, including Illegal Pizza’s June 2019 contribution and even excluding the downtown location so comps must have still been significantly down apples to apples which would exclude Illegal Pizza’s June 2019 contribution and include the 2020 decline of the downtown store. We don’t have the data to know exactly how negative comps would have been but certainly more than the slightly negative the narrative attests to which would be a large underperformance vs McDonalds at positive 6.5% and Shake Shack, at positive 3.5%.
But down 24% in revenue 2Q20 from 2Q19 is still pretty bad (especially since 2Q20 contains Illegal pizza so this would have been worse on a same store sales basis, which WCVC does not report) compares to McDonalds which has same store sales up 6.5% in the same period and Shake shake which had same store sales up 3.5% in the same period despite covid.
Cost of food went from $278K in 1Q20 to $230K in 2Q20 while revenues went from $944K to $713K so the cost of food went from to 29% of revenue to 32% of revenue so they are NOT controlling cost of food which is part of why they only have $634K of the more they $1.1MM they received in the quarter from the government for covid despite stretching out the bill payments to increase accounts payable even with falling revenues. However I did think the 24% drop in revenues could have been worse.
I heard a Reputable rumor that Secretary Mnuchin is going to use US Treasury $$$ to buy ALYI stock as it is an American Treasure. ALYI will immediately use additional investment for scientific genius and master PowerPoint artist Randy Torno to develop a covid cure. Tim Cook will then resign and let Randy take over AAPL where he will invent a hemp battery phone that also spits out RevoltCoin bolstered by the $20 trillion market for SpaceX rockets, electric hairdryers and convention centers. I can’t recall where this was from but if I pay Rob Goldman $100 he will repeat it in Goldman Small Cap Research.