GOLDMAN PICKS ALYI FOR BEST LOW PRICED STOCK IN EXPLOSIVE GROWTH ELECTRIC VEHICLE MARKET LED BY TSLA, NKLA & WKHS
July 09 2020 - 9:16AM
InvestorsHub NewsWire
July 9, 2020 -- InvestorsHub NewsWire -- via Seeking
Alpha
Jul. 8, 2020 6:19 PM ET|About: Alternet Systems, Inc.
(ALYI), Includes: LYFT, NKLA, TSLA, UBER, WKHS
- Goldman Picks ALYI for Best Low Priced Stock In Explosive
Growth Electric Vehicle Market
- EV (Electric Vehicle) Market is Exploding With TSLA, NKLA and
WKHS Soaring To All Time Record Highs
- ALYI Is Only One Cent and Recently Announced $25 Million
Investment Based On $50 Million Valuation
- ALYI Plans $300 Million ICO Strategy Bolstered By Strength of
BitCoin Market
- ALYI Targeting Africa As Fastest Growing Market For Their Low
Cost Rideshare ReVolt Motorcycle Sidecar Serving Giant Markets
Well known Goldman Small Cap Research recently coveredAlternet Systems Inc.
(OTC
– ALYI) and said it is one of the more intriguing companies in
the explosive Electric Vehicle space and certainly is positioned as
the low-cost alternative to the $1400/share TSLA for investors
seeking a high reward, albeit greater risk opportunity. The Company
is focused on electric transportation solutions for the shared-ride
market, namely its $300 million electric mobility initiative in
Africa.
Alternet’s CEO, Dr. Randell Torno, has stated publicly that he
believes the immediate opportunity for electric powered
transportation growth in Africa by far exceeds the electric powered
transportation opportunity anywhere else in the world and that the
electric mobility technology innovations that will be developed for
Africa will ultimately form the foundation of commercial electric
powered transportation everywhere.
The Company’s first project is to produce the ReVolt
Electric Motorcycle for the shared-ride market in Africa,
along with the organization and promotion of the first African
electric mobility technology conference and symposium targeted for
the first quarter of 2021. Alternet emphasizes that the subject of
electric transportation is far greater than the mere replacement of
fossil fueled cars with electric powered cars. For instance, Volvo,
Hyundai, Aston Martin, and Porsche, have electric powered vertical
take-off and landing (VTOL) initiatives in the works.
In addition to product sales, ALYI intends to generate
additional annual revenue via this annual electric mobility
conference and symposium that includes a major brand name anchor
event. The developing ALYI annual African electric mobility
technology conference and symposium in Nairobi, Kenya is designed
to advance the deployment of electric powered transportation
solutions specific to Africa. The focus includes environmental
sustainability and overall transportation efficiency applicable to
the African transportation infrastructure, economy, and
consumers.
Innovative Funding, Increased
Valuation
Earlier this week, Alternet announced that it will receive up to
$2.5 million in advance of a $25 million first tranche investment
agreement currently committed under a letter of intent (LOI). This
letter of intent (LOI) for a $25 million first tranche investment
is itself in advance of a planned initial coin offering (ICO) to fund the aforementioned $300 million
initiative. The pre-funding is intended to support the initiation
of immediate efforts necessary to prepare for the inaugural
electric mobility event next year. The funds will be provided as a
loan convertible into the $25 million first tranche investment. The
total first tranche investment agreement is anticipated to be
completed within the next 90 days and is structured at a $50
million pre-money valuation of ALYI in consideration of the
company’s $300 million electric mobility initiative. The $25
million first tranche investment represents a valuation of ALYI
common stock at approximately $0.05 per share, a roughly 5x
increase from current prices. Clearly, with the ability to raise
substantial, alternative, non-dilutive financing to proceed with an
enviable EV shared ride initiative, upside in the Company’s overall
valuation dwarfs the other companies mentioned in this
snapshot.
ALYI's funding partner for the African electric mobility project
has already been partitioned on the Ethereum Blockchain. A pre-ICO
funding round is underway and ICO details are being finalized.
By the end of June, ALYI and its funding partner expect to
finalize an LOI for a first tranche $25 million investment in ALYI.
The working terms include an approximate $50 million pre-money
valuation of ALYI in consideration of the company's $300 million
electric mobility initiative. The first $25 million tranche is
intended to result in a change of control with the investor
becoming the controlling shareholder. A management change is not
part of the planned investment. A second tranche at valuation
calculated after the first $25 million investment is planned before
the end of the year.
Electric Vehicle stocks, TSLA, NKLA and WKHS have been soaring
in anticipation of remarkable demand and future growth of electric
vehicles. Africa is one of the largest underserved markets with
exceptionally large demand for ride share since the general
population cannot afford to buy a vehicle for self-ownership, but
can certainly afford to spend small amounts for rideshare on
efficient low-cost transportation vehicles where cost is very
low.
Almost all ride share such as UBER and LYFT experience most
rides as single passenger use meaning that vehicles that are larger
than needed because too many unsold seats run empty resulting in
high costs to haul them.
Alternet’s Electric ReVolt Motorcycle is designed to provide a
single seat sidecar with baggage capability for single passengers
at prices that are far more affordable than the competing
multi-seat autos used by almost all ride share companies.
Goldman Small Cap Research concludes that ALYI is one of the
more intriguing companies in the space and certainly is positioned
as the low-cost alternative to the $1,400/share TSLA for investors
seeking a high reward, albeit greater risk opportunity.
For more information and to stay up to date on the latest
developments , please visit: http://www.alternetsystemsinc.com
The information used and statements of fact made have been
obtained from sources considered reliable but we neither guarantee
nor represent the completeness or accuracy. Goldman Small
Cap Research and BioResearchAlert did not make an
independent investigation or inquiry as to the accuracy of any
information provided by the Company, or other firms. Goldman
Small Cap Research and BioResearchAlert relied solely
upon information provided by the Company through its filings, press
releases, presentations, and through its own internal due diligence
for accuracy and completeness. Such information and the opinions
expressed are subject to change without notice. A Goldman
Small Cap Research report or note is not
intended as an offering, recommendation, or a solicitation of an
offer to buy or sell the securities mentioned or discussed. This
report does not take into account the investment objectives,
financial situation, or particular needs of any particular person.
This report does not provide all information material to an
investor’s decision about whether or not to make any investment.
Any discussion of risks in this presentation is not a disclosure of
all risks or a complete discussion of the risks mentioned.
Disclosure: I/we have no positions in any
stocks mentioned, and no plans to initiate any positions within the
next 72 hours.
Original Publication: https://seekingalpha.com/instablog/21922151-bioresearch-alert/5470157-goldman-picks-alyi-for-best-low-priced-stock-in-explosive-growth-electric-vehicle-market-led
SOURCE: Seeking Alpha
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