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lesgetrich

07/01/19 9:53 AM

#3741 RE: alexbh2285 #3738

There is no factory asset nor extra cash with this dilution. It would be on the 3/31 balance sheet.



NO IT WOULDN'T! This was their PR on 3/29/19...

ALYI Considers African Assembly Plant For ReVolt Electric Motorcycles

DALLAS, March 28, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today confirmed management will meet prospective partners and tour facilities in Kenya for a potentially assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold on the continent.



How do you get from "considering" an assembly plant to having stock issued two days later? The increase in shares during 1FQ19 was due to the conversion of a note at $.0041/share for a net gain of $233,814 in reduced debt. From the 3/31/19 10-Q...

ALYI 1FQ19 10-Q

In the first quarter 2019, $233,814 of one of the convertible notes was converted to 56,906,850 shares of common stock.



The only convertible loan listed on the 10-Q was...

NOTE 7 - THIRD PARTY CONVERTIBLE LOANS

Upon completion of the acquisition of Lithium IP Holdings Corporation, (LIPH), the Company entered into 2 convertible notes totaling $250,000, to replace notes of LIPH. The notes carry an 8% interest rate and mature on January 4, 2018. The notes are convertible at a 50% discount to the lowest trade price during the 20 days immediately preceeding the conversion.



The lowest 20 day preceeding price at the time of conversion was $.0041/share.