ALYI Bouncing On Volume Looking Ready To Run After Recent Neary 300% Gain And 50% Pullback


 

New York, NY -- September 24, 2019 -- InvestorsHub NewsWire -- via www.nextbigticker.com -- Alternet Systems (USOTC: ALYI) recent is bouncing today after a recent run from $0.005 to $0.013 followed by a pullback.  Now the stock looks ready to run again.  Volume is up over 20 million shares for the day so far and the PPS is testing $0.01 again. Trading is signaling BULLISH.  The 52-week high is nearly $0.07 and the company has a recent Research Analyst Report recommending $0.09.

ALYI recently confirmed plans to extend its $300 million electric motorcycle manufacturing initiative in Africa with the subsequent production of electric delivery vehicles.  ALYI recently announced a partnership with Nouveau (USOTC: NOUV) to develop a prototype car body material from hemp fiber.  ALYI’s electric delivery vehicle plans call for a vehicle produced from hemp fiber utilizing a hemp battery.  NOUV is a new hemp cultivation company with a strategic focus on developing innovative industrial uses for hemp.  NOUV is already working with ALYI to provide material for ALYI’s hemp battery developments.  NOUV also works with Kali-Extracts (USOTC: KALY) toward the development of proprietary cultivars.

Today ALYI highlighted Amazon’s (AMZN) recent order of 100,000 electric delivery vans.  ALYI had previously launched its own initiative to build electric delivery vans constructed from hemp fiber prior to Amazon’s recent announcement.  ALYI management considers Amazon’s electric delivery van direction a validation of ALYI’s strategy.  The difference being that ALYI’s electric delivery van is being developed for the rugged, rural delivery environment in Africa.

ALYI Speculative Buy Recommendation and $0.09 Price Target

Goldman Small Cap Research recently interviewed ALYI CEO Randell Torno with the CEO of the Africa Development Organization, Libasse Diop Dia.  ALYI’s $300 million electric vehicle (EV) initiative in Africa is higlighted in the podcast.  The podcast interview of the two CEOs can be found on the Goldman Small Cap Research website with an updated Analyst Research Report reiterating Goldman’s previous investment recommendations for ALYI. 

Podcast Interview Takeaway: ALYI Offers Even Greater Upside than Originally Anticipated

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