ALR Technologies SG Ltd (ALRTF)

[TheLastOneSitting]

I looked up SURG briefly and they did an offering with the IPO along with warrants. They had like 3M shares outstanding and added 4.6M at a discounted price so of course it went down. Not to mention they were not profitable and were losing almost $2M a quarter. ALRT only spent $3M all last year from their 10k and that included all the product development and professional fees relating to it.

If ALRT does a R/S there is no dilution, that is not the same as a R/S and IPO with offering. Also if they are profitable from revenue in Q4 then it is obviously a very different story. Even if they are not profitable because their monthly costs are so low you have to believe they would be close...