There is no tangible proof that anyone is interested in the prodcut. If anyone was knocking down the door to make a great deal it would difficult to see how this would not come out in some way shape or form.
SP will be capped by the cr and options at 0.5c and has a floor while it has support of major shareholders at 0.3c and post cr without any solid news on a deal sp will drift down to 0.3c.
With almost 4billion shares and options even a good deal will not take the sp more than a cent or two.
A consolidation and registry clean up would be a sign that the co. is going to try to hang on but also perhaps that the deal is not coming in the foreseeable future. Yet another product and third time lucky? No. Noone will give them that chance.
CR is puzzling. It is only offering the opportunity to buy at market (all other ALT options have expired worthless and these will likely go the same way). CR is only raising $1.5m - is this because the board have given themselves a deadline already and this is what they think they need or is it because they think this is all they can squeeze from shareholders large and small.
ALT Price at posting:
0.5¢ Sentiment: None Disclosure: Held
