Alternet Systems Inc. (OTCQB: ALYI)
What is ALYI?
Alternet is a small cap investment company that focuses on the mobile value added service industries of mobile financial services and mobile security. Both industries spring from the exponential and unparalleled spread of mobile communications of the past few decades which have put cellphones put low cost, two way, communications in the hands of more than 70% of the world’s population.
You have to go back to April for the last prees release:
QUOTING FROM THE CONCLUSION OF THAT RELEASE:
In closing, we are pleased with the progress that both Alternet and Utiba Americas have made in 2012. With the first quarter of 2013 already behind us, the management team of both companies remains quite enthusiastic about the current and future opportunities seen in the mobile financial services space. Particularly, the recent selection of Utiba’s Mobility platform by a large multi-country and multi-bank venture is very exciting. Assuming the initiative involves the rolling out of our suite of services into at least 14 countries, we expect to quickly gain market presence and increase our profitability.
As we continue to execute in 2013, I look forward to sharing more news of contract signings and project launches as I am able to. These revenue producing events will undoubtedly improve our operational cash flows, decrease our dependence on external financing, and further increase the value of our investments to our shareholders. We believe strongly in the opportunity and vision of enabling secure mobile commerce and communications and hope you will continue to join us as we make it reality. (From Henryk Dabrowskio, Alternet CEO)
The reason this is on my list is that there seems to be support to hold in in the seven cent range. To me it looks like someone is keeping it strong through the fall. I would watch for a program to potentially drop on this one. Quick warning: Don’t do anything more than keep you eye on it. If this company never puts out new again. it is game over. BUT I DON’T THINK THAT AT ALL. Why?
Here’s why:
ONE NOTE IN ITS LATEST 10Q: “ On August 7, 2013, the Company issued 31,111 common shares valued at $2,178 to an investor relations consultant”
Could that be the start of something? We shall see!