Replies to post #5749 on ALR Technologies SG Ltd (ALRTF)

[Cache]

PP = private placement. CEO announced $5M to be raised through PP at .05 per share. Therefore, anything in .05s is a no brainer imo.

[buzzabby]

5 million dollar private placement to fund operations to get to market and get current with SEC. Will be non dilutive for 6 months or longer. Keep in mind Sidney owns 97.5 percent of commons so he is going to be choosy on investors and he does not expect the market to be flooded with shares after the lock up as price will be higher and these will be investors. Sidney has 20 million of his own money in this so make your own decisions but he is in full control and I will follow his money. What if it was some celeb with 20 million in this would rocket but his money is just the same and just as green. Sidney is for the minority shareholder as well as his wife and himself. He owns the patent and will get paid

More news coming and it will be very relevant to the FDA clearance