Red - I still hold options. I have nothing but a vested interest in seeing ALA succeed.
Unfortunately today ALA went red on another confusing release, and the market agreed as people we happy to sell down their shares.
Yes, a few here claim to understand what is going on but a 'few' can't move the share price. Until the broader market understands ALA's business then we just aren't going to see any major interest.
ALA bought 5.75% of xTV in June for $400,000 in cash and stock. A good move IMO.
IZM is now buying 100% of xTV
ALA is then paying $50,000 for 25m shares in IZM
ALA now has less exposure to xTV
IZM shares crashed -20% today from 10c to 4c
Quanta, I'd rather see revenue than the operating model you mentioned. I'd be less concerned if ALA also released they won the tender to develop xTV for IZM once listed.
I can't see how this business model is generating value for ALA share holders.
What's also concerning is that these transactions do not need regulatory approvals.
What am i missing here guys?
SP1 Price at posting:
24.5¢ Sentiment: Buy Disclosure: Not Held