Alternet Systems Inc (ALYI)

[alexbh2285]

However you just don’t massively dilute by over 50% without issuing an 8-K as it is a material event - certainly more material than a new Ron Goldman price target that has been PR’d to death. We shouldn’t have to guess until a 10-Q or 10-K. For example, at what price did they sell these shares (no, that's not a "trade secret" or "non-disclosable event")? Again, they are outstanding not just authorized so all the details are known - it has already happened. This latest issuance of additional shares is material. This is the problem when you have no outside board members and a majority shareholder like Bollen who can do whatever he feels like (not due to the fact that he holds a majority of the shares we get to invest in but that he owns 10MM preferreds which have supervoting privilege designed to let him do whatever he wants to do with no oversight from outside board members or shareholders votes - issue shares, merge, buy assets). It requires a lot of trust and their results to date don’t warrant that. The orders sound great but Torno announced $500,000 in condom orders in Kenya at ANCE that disappeared without explanation and that company sits near worthless with an investor warning skull and crossbones from the OTC markets.