ALYI Alert - PPS Bouncing Off $0.0088 With Potential To $0.05 On EV News
August 10 2020 - 2:09PM
InvestorsHub NewsWire
Aug 10,
2020
August 10, 2020 -- InvestorsHub NewsWire
-- Alternet Systems, Inc. (USOTC:
ALYI) is bouncing off its $0.0088 50 Day Moving Average and
reaching back up over $0.01 today on high volume. The
electric vehicle penny stock player remains well above its $0.005
200 day moving average after a meteoric climb to a new 52 week high
of $0.0198. Now its bouncing off its 50 Day Moving Average
regaining territory with a potential to reach $0.05 after the
company recently announced a financing deal at $0.05 per
share.
On June 30,
2020 ALYI entered into a letter of intent (LOI) for a $25
million first tranche investment at $0.05 per share to fund
ALYI's overall $300 million electric mobility
initiative in Africa.
The planned ALYI
investment is one component of the investor's overall $100
million initial cryptocurrency offering (ICO)
strategy. The investor has already partitioned a
cryptocurrency on the Ethereum Blockchain in advance of the planned
ICO.
ALYI has
initiated a $2.5 million draw down on the first $25 million to
begin construction on a 100 acre facility in
Africa.
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Source
Alternet Systems (PK) (USOTC:ALYI)
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