ALYI .05 valuation! - Alternet Systems, Inc. (U
Post# of 102118
![](/assets/46931549/no_avatar_available_thumb.jpg)
- Alternet Systems, Inc. (USOTC: ALYI) today announced plans to finalize terms and execute a letter of intent (LOI) next week on Tuesday, June 30, 2020 for a $25 million first tranche investment to fund ALYI's $300 million electric mobility initiative in Africa.
The working terms include an approximate $50 million pre-money valuation of ALYI in consideration of the company's $300 million electric mobility initiative. The $25 million first tranche investment represents a valuation of ALYI common stock at approximately $0.05 per share.
![Like This Post](/images/thumb-up.png)
![Dislike This Post](/images/thumb-down.png)