Home > Boards > US OTC > Alternative Energy > Alternet Systems Inc. (ALYI)

This company is sad. The financials and

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Alternet Systems Engages Industrial Design Firm To Develop Electric Vehicle Production Plant InvestorsHub NewsWire - 6/18/2019 8:32:39 AM
ALYI Electric Vehicle Business Profitability Could Benefit From Trade War With China InvestorsHub NewsWire - 6/17/2019 12:55:55 PM
ALYI Secures Investment Partner For African Electric Vehicle Assembly Plant With $20 Million Initial Order InvestorsHub NewsWire - 6/13/2019 9:27:22 AM
ALYI - Alternet Systems Announces Electric Bicycle Development Deal With Caribbean Tour Operator InvestorsHub NewsWire - 6/7/2019 9:00:00 AM
ALYI - Alternet Systems African EV Strategy Bolstered By Recent Bloomberg Feature InvestorsHub NewsWire - 6/4/2019 9:10:00 AM
ALYI - Alternet Systems Publishes Update On Management Restructuring To Trigger 1000% Revenue Growth InvestorsHub NewsWire - 5/30/2019 10:50:16 AM
UBER and LYFT Milestones Bode Well For ALYI Electric Motorcycles Rideshare In Africa InvestorsHub NewsWire - 5/29/2019 1:28:24 PM
ALYI - Alternet Systems Implements Restructuring Designed To Trigger 1000% Revenue Growth InvestorsHub NewsWire - 5/28/2019 10:06:30 AM
ALYI - Alternet Systems Prepares For Rapid Growth Starting With Anticipated $20 Million Order InvestorsHub NewsWire - 5/15/2019 11:37:11 AM
ALYI - Alternet Systems Plans Management Restructuring And Expansion To Optimize Growth InvestorsHub NewsWire - 5/14/2019 11:18:43 AM
ALYI BUY Recommendation From AmericanBulls Following New Investment Update InvestorsHub NewsWire - 5/13/2019 11:31:53 AM
ALYI BUY Recommendation From AmericanBulls Following New Investment Update InvestorsHub NewsWire - 5/13/2019 11:15:20 AM
ALYI Investment Interest Expands Beyond African Electric Motorcycle Production Plant InvestorsHub NewsWire - 5/10/2019 11:10:58 AM
ALYI Confirms London Follow-Up On $20 Million Electric Motorcycle Project InvestorsHub NewsWire - 5/7/2019 9:10:00 AM
ALYI Rated BULLISH With Trend Reversal Starting Toward Potential Near Term Double On $20 Million Contract Prospects InvestorsHub NewsWire - 5/6/2019 9:33:10 AM
ALYI Moves One Step Closer To Closing $20 Million Electric Motorcycle Order InvestorsHub NewsWire - 5/3/2019 8:25:35 AM
ALYI Confirms First Two Acquisition Targets In Pipeline Pursuing $365 Billion Market Opportunity InvestorsHub NewsWire - 5/2/2019 9:10:00 AM
ALYI Issues Electric Vehicle And Energy Storage Merger And Acquisition Update InvestorsHub NewsWire - 4/30/2019 9:15:09 AM
ALYI Rated VERY BULLISH On Electric Vehicle Technology Acquisition News InvestorsHub NewsWire - 4/25/2019 8:53:10 AM
ALYI Advances Merger and Acquisition Pipeline To Increase Share of $365 Billion Market InvestorsHub NewsWire - 4/23/2019 12:11:49 PM
ALYI Reports First Revenue From New Energy Storage Innovation Business Focus InvestorsHub NewsWire - 4/22/2019 11:58:37 AM
ALYI - Alternet Systems Presents $50 Million African Electric Vehicle Strategy InvestorsHub NewsWire - 4/18/2019 9:32:52 AM
Alternet Systems Takes Big Step Toward Becoming Electric Vehicle Leader In Africa InvestorsHub NewsWire - 4/15/2019 9:00:00 AM
ALYI Schedules $50 Million Africa Strategy Online Presentation Thursday April 18th InvestorsHub NewsWire - 4/12/2019 3:05:30 PM
ALYI Announces LOI On African Electric Motorcycle Assembly Plant To Include $20 Million Order InvestorsHub NewsWire - 4/12/2019 9:00:00 AM
alexbh2285   Tuesday, 05/21/19 03:12:21 PM
Re: None
Post # of 3679 
This company is sad. The financials and disclosures are riddled with outdated information but of greater interest why does it take a year for them to convert receivables to cash? They have revenues from a year ago that have not yet converted to cash - $240K receivables up from $180K last quarter from the $60K in quarterly consulting revenues (assuming these are still for the digital consulting in Columbia and Peru - the filing no longer has transparency into the revenue source but it is the same quarterly amount so probably) while cash was stagnant at $40K with no financing cash flows in the cash flow statement despite third party loans dropping slightly with the issuance of more than 56.9MM shares at an average of just above $.004 with the conversion of a death-spiral (negative premium) convertible helping to create a 73% increase in float without any additional cash (no - they didn't dilute to put a deposit on a factory or any of the other theories that have been used in ALYI's defense) - they did reduce some of that debt but the cost of capital of using a death spiral convertible is insane and any company with ANY real value would finance much more cheaply with venture capital or strategic partner funding - let's see what the potential funding for the ANTICIPATED revenues and factory looks like (i.e., hopefully no negative premium death spiral convertibles).

We do know who HAS benefited from using ALYI to wash the purchase of useless patents
NOTE 5 - RELATED PARTY TRANSACTIONS
As of March 31, 2019, a total of $1,831,707 was payable to former directors and former officers of the Company, which
was non-interest bearing and had no specific terms of repayment.


It will be fascinating to see what their planned management and restructuring brief this week and then "final plan" next week hold.

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