ALR Technologies SG Ltd (ALRTF)

[why_meil]

I'm not so sure I want them to become current now after reading this...

"On December 20, 2016, certain stockholders who beneficially owned 122,998,482, or approximately 50.66%, of the combined voting power of the common stock consented in writing to increase the number of authorized shares of common stock from two billion shares (2,000,000,000) to ten billion shares (10,000,000,000) shares, par value $0.001 per share. The Company filed a preliminary information statement with the SEC but has not filed its definitive statement due to its deficient reporting status.

On January 27, 2017, the Company’s Board of Directors approved a 100:1 reverse share split of the Company’s common stock. The Company cannot complete its stock split due to its deficient reporting status with the SEC."

Looks like they're building in lots of room for dilution. I understand a company has no option but to dilute until revenues can support operations, but I just hope revenues come before too long. I would love to see a sponsor announced soon!

I'm still long ALRT but will be watching closely to see how all this pans out.