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Re: getmoreshares post# 88957

Friday, 09/18/2020 3:32:04 PM

Friday, September 18, 2020 3:32:04 PM

Post# of 90345
"The Covid-19 crisis has negatively impacted Aluf's ability to raise the necessary capital to fund the COLOTRAQ acquisition..."

Yup. AHIX stated that. I call BS. They couldn't raise the money BEFORE the pandemic.

Proof? Note what they failed to disclose in the last three filings:

On November 2, 2018, the Company announcedit intends to complete a self-offering private placement financing of units of the Company (the “Units”) at a price of $0.0025 per Unit for gross proceeds of up to $4,000,000 (the ”Offering”). Each Unit shall consist of one common share of the Company (a” Common Share”) and one common share purchase warrant (each whole warrant, (the” Warrants”). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.005 for a period of 12 months from the date of issuance. The warrants expiredat various times through April 30, 2020,with no warrants being exercised. The Private Placement expired on July 21, 2019.



From the 2019 Q3:

As of May 13, 2019, the Company raised a total of $ 267,500 from nine accredited investors totaling 105,000,000 shares of the Company’s restricted common stock. The offering expiredon July 31, 2019



Aluf Holdings could not raise the capital LOOOONNNGGG before COVID.