Alternet Systems Inc (ALYI)

[alexbh2285]

It is not cash. It is odd. They are "taking" the SonCav assets of LEXG (which they don't detail - LEXG does not own the IP or anything but a sometimes exclusive right to market these "Cavitation engines" which have never been sold to anyone - LEXG has no revenues and has been "working with" SonCav for years, has no SonCav IP and has never - check the 10-Qs and 10-Ks - spent any money on R&D). Then, it appears, some ALYI lithium related assets (which, although ALTI says these are worth $3MM, are marked at 0 on ALYI's balance sheet and there is no expense nor cash flow related to this "licensing" from Air Products in their 10-Q which covers up to the end of 9/17) which be combined into a new subsidiary and ALYI will IPO this new subsidiary giving some unstated percentage of ownership to ALYI and LEXG shareholders and raise money with the rest of the proceeds. Supposedly it creates value due to ALYI's superior contacts in the lithium industry relative to LEXG. Hard to say that is a good thing.