First Things, Indeed.
As stated by Daniel de Liege, the company should be in the black by now, yet the only thing they seem to accomplish is giving away stock and severely diluting shareholders. With that being said, we are a little late in the game for "starter questions", are we not?
You ask questions about the technology and it being marketable. What we do know is that there have been two phony "deals" to date. So, since we are asking questions, I will ask you - what happened to the South African agreement? What happened with RRDA? The company is trying to sweep both of these under the rug without anyone noticing. Do either of these raise a red flag for you? You ask if the company is in talks. To that I ask - if "talks" have produced what seem to be two phony agreements to date, who cares what "talks" are taking place if they will lead to more agreements that never amount to meaningful revenue?
So many times I have seen companies like this "buy time" by issuing stock, fooling investors that revenue is right around the corner. When an "agreement" fails, they just issue more stock and move on to the next. Eventually, these companies wind up with so many outstanding shares that the stock price is suffocated to pennies or less. Unfortunately, ALLM is following this playbook so far.
You first called for a 5 dollar target last November and then you pushed it back to March (last month).
I am most curious as to where you stand now?
