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So many red flags. What derivatives on the

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ALYI - Alternet Systems Prepares For Rapid Growth Starting With Anticipated $20 Million Order InvestorsHub NewsWire - 5/15/2019 11:37:11 AM
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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
alexbh2285   Thursday, 06/06/19 12:32:54 PM
Re: MoneyMaker111 post# 3526
Post # of 3868 
So many red flags. What derivatives on the balance sheet? They have only $40K cash, and $117K in the digital coin Ven which oddly, as cryptocurrencies are volatile, never seems to change in value despite the accounting claiming they are re-marked to fair market value - another accounting red flag. There are no "derivatives" and just $2MM owed in backpay plus $2MM in other payables. While revenues (and these are from consulting wrt data analytics in Peru and Columbia - nothing to do with what they say their business is) have grown they have not been converting into cash - just growing accounts receivable which is a giant accounting red flag! There is no evidence that the Revolt bikes are real - they cancelled plans to sell these retail and at shows in the US in favor of ride share sales in Kenya as it is more difficult to fact check this / order one / see one. Remember, Randy Torno, the CEO of ALYI is the same CEO who promised a $500,000 contract in Kenya for ANCE (ALYI's newly disclosed partner - a prior short-term partner of ALYI's was LEXG - perhaps the most famous OTC pump and dump ever) in 2017 which never materialized and then just stopped the PRs and financials leading to a skull and crossbones at theotcmarkets. There are no revenues from Revolt as of yet. There is no $23MM in funding. They PR'd a funding meeting in London that was supposed to happen in May but now they are silent on that - there is no way that this can be a "secret" now after Pr'ing that it MIGHT happen was not a secret. For this PR happy company to be silent means no funding. The hemp battery initiative has no known resources nor known assets (they never even CLAIMED to have hemp battery patents and after mentioning Professor Mitlin incessantly they abrubtly stopped - my guess is due to a cease and desist order as his website and Clarkson University's only mentioned of a partnership with Enermat - a totally different firm).

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