Alternet Systems Inc (ALYI)

[alexbh2285]

DEFINITELY a scam. Most obvious scam I've seen since LEXG. Financials don't make sense - consulting revenues just stay receivables and don't turn into cash (just money still owed after almost two years - a common accounting fraud sign - see my older posts). Constant PRs about irrelevant things like Tesla (e.g., ALYI strategy "bolstered" by Tesla success, etc.). Paid promotion from Rob Goldman of Goldman Small Cap research. CEO ran ANCE - another scam that promised Kenyan revenues and then went dark without an explanation - was also on the board of PJET - another scam that sold itself for nothing and was supposed to develop a food truck with a failing restaurant and then went dark. So you think he became honest for OTC stock #3? Lots of highly ambitious sounding technical plans PR'd (like hemp batteries with Clarkson professor David Mitlin who was being represented as running ALYI's research when he was actually just a one time consultant so they could use his name until he made them stop - google him and call him if you want to check or the patents that they licensed from Air Products until they couldn't afford to pay for them and just wasted the license money to have an exciting PR). PR'd a major "partner" which turned out to just be that ALYI will be at the same conference in Africa next year that a known company is headlining. Today's PR is equally garbage / non-specfic - even at face value if true it just means that people who grow hemp want ALYI to buy heemp from them. They would also want me to buy hemp from them - what is the significance of this PR? They dropped retail EV sales in the US that were supposed to come out more than a year ago after they realized it was easier to investigate than wholesale sales without a deadline in Africa. The only employee is part-time and has no technical background. CEO Randy Torno doesn't even list his involvement with ALYI on his social media - that's pretty strange - probably as he doesn't want to get fired for ethics violations from his real consulting job that he does list if they were to find out about his three penny stock scams. Balance that against the "upside" that a known fraudster is promising that he will have a lot of ride share sales in Africa from firms who are buying from a firm with no resources and no product (who wouldn't get fired for picking that as a supplier - there is no way for them to get through any reasonable due diligence) so if that is true you will make a lot of money! This is the most obvious scam that has not been shut down yet.