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Wednesday, October 5, 2022

The Exciting Rise of Alternet Systems, Inc. (OTCMKTS: ALYI)

Alternet Systems, Inc. (OTCMKTS: ALYI) is making a highly explosive move up the charts on fast accelerating volume off its base under $0.03. The stock has skyrocketed in February of this year from under a penny to highs of $0.0695.

As many Investors have recently noted on this one the chart looks setup perfectly. Currently investors are bidding ALYI higher with an eye on $0.0695 break.

Alternet Systems, Inc. (OTCMKTS: ALYI) is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.

The Company is currently developing partnership opportunities to apply its exclusive lithium technology in military solutions and Electric Vehicle (EV) applications. To this end, the Company has launched a new subsidiary, ReVolt Electric Motorbikes. ReVolt has partnered with a manufacturing company to first produce a motorcycle based on the 1930’s BMW R71 motorcyle with sidecar utilized by the German Army in WW11. The ReVolt Classis Electric Motorbike with Sidecar will be powered by an electric motor utlizing an alternate systems designed lithium solution. Initial production runs and sales in the U.S are expected to occur this year, with future product designs targeting the U.S and emerging markets slated to commence next year.

Goldman Small Cap Research has issued a number of press release’s on ALYI recently;

On April 2 Goldman Small Cap Research announced a prospective order for two thousand of its ReVolt Electric Motorcycles which would total $20 million in sales.  ALYI has already announced $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya. The company has also recently announced that management will meet potential partners and tour facilities next week in Kenya looking to possibly open an assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold across the continent.  Management further revealed today that a commitment to open a plant in Kenya is part of an overall deal that would include the initial order of 2,000 ReVolt Electric Motorcycles.  Management plans to issue updates from Kenya next week as the opportunity progresses.  Management also indicates the Kenyan trip will include meetings with additional potential partners expected to further advance ALYI’s electric vehicle interests in Africa beyond the company’s ReVolt Electric Motorcycles.

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on April 4 Goldman Small Cap Research announced: ALYI confirmed that management will meet potential partners and tour facilities next week in Kenya looking to possibly open an assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold across the African continent. ALYI has signed $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya and announced a prospective order for two thousand additional ReVolt Electric Motorcycles which would total $20 million in sales. A commitment to open a plant in Kenya is part of an overall deal that would include the initial order of 2,000 ReVolt Electric Motorcycles. Today management announces a scheduled management out-brief to be published next Friday, April 12th, from Kenya with details of the meetings and a status of the overall deal that would include the $20 million order.

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Currently trading at an $8 million market valuation ALYI has $57k in the treasury and significant debt with over $5 million in current liabilities. The Company reported $180,000 in revenues in 2018. ALYI has recently gotten everyone’s attention with Goldman Small Cap Research announcing “ALYI Courts $20 Million Electric Vehicle Order” on April 2 and confirming it with “ALYI Confirms Africa Electric Vehicle Developments With $20 Million Order Update” ALYI has a hot chart setup here and smart traders are looking for a $0.0695 break.  We will be updating on ALYI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ALYI.

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Disclosure: we hold no position in ALYI either long or short and we have not been compensated for this article.

 

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