I agree. Just raised almost $4m at 23c those guys aren't...

I agree. Just raised almost $4m at 23c those guys aren't stupid.

P87 at 21c post this raising the company will be capped at $8.6m with around $6.2m cash. How is an EV of $2.4m overpriced?

If you look at there investor presentation in the comparison table it is in fact the cheapest listed technology stock currently on the market! Even a technology shell with no assets would be worth $2-3m in this market. ALA is shell backing at current prices and cash backing at 17c. No downside IMO

Oh and i noticed the Egm i got in the post had nothing about increases to director salaries.

Give this company a chance.