Re: Some POSITIVE Alydaar news on this bloody Wednesday
Good buying opportunity?
First off, with ALYD in the upper 9/low 10 range we are back around the price where I originally bought in. Therefore, when I say that this is a fantastic entry point, I have "put my money where my mouth is" so to speak. And, yes, I also hold shares higher-- but who could predict this bloody market? That's why I only invest in companies that I really like.
New PR guy
Today I talked to the new investor relations guy, Tom Dudchek (I hope I spelled his name right), who is an employee at Alydaar, not at that now FIRED PR firm. I am on record as saying I was not much pleased with their performance on many fronts, so good riddance. Tom replaces Frank Bachinsky, for those keeping score. Frank is still with Alydaar, but, after all, how many times can you say "We're real excited but I can't be any more specific than that, sorry" during the course of a day and not go crazy?
Web-site to be updated
Anyway, Tom did have some new things to say. First and foremost, the website alydaar.com should be updated by Friday. I wonder how many people said to themselves "How can a company that updates software for a living not even keep their own website current"? This should be TOP priority from now on. My advice: have a news section that is updated at least once a week. This gives people like me an excuse to write messages with links to their web site (not, say, Yahoo) thus giving them more exposure.
NO insider trading
As for my insider trading reference, well, I was trying my best to say something without saying something and then guessing about what I had not said (yes, I got myself confused, too)-- so as not to start any rumors about information people have sent me that I had not checked out. Today I got an answer from Tom so here's the non-news: GFS Inc of Charlotte, NC filed a Form 144 on March 3 to sell 170K shares. However, this turns out to be just an internal transaction with restricted shares, so NONE of those shares will see the light of day. If someone else brings this up you can now set the record straight.
NASDAQ listing
Tom says the NASDAQ filing is still on target for the end of this month. Please keep in mind that it takes up to 60 days for the SEC to review the paperwork and render a "verdict". Once they give the go-ahead, then NASDAQ has to approve the listing. Alydaar was recently informed that this process takes 4-8 weeks.
Since we all know that Wall Street operates primarily on speculation, as I have stated previously, I think the filing date could be a turning point for ALYD stock since it sends a signal that they are ready to move up into the heavyweight division. And, YES, Tom told me they will have a press release about the filing... so don't say I didn't warn you!
Beta Sites
As you might expect, Alydaar is not saying much about the five Fortune 500 beta sites, other than that things are progressing. They were somewhat perturbed, as I am sure we all were, that the Dupont press release was not better received. IMO, it was bad timing since several other Y2K companies also had press releases that day. However, since it was only announcing a successful test of their conversion software, we still have the actual contract announcement to look forward to (all I was told was that contract negotiations are taking place-- no time frame). The next time around, when they are considered a NASDAQ inductee, I expect that press release to be given more attention by the market.
Gruder radio interview
A while back, Alydaar's CEO, Bob Gruder, gave a radio interview on the Y2K Investor radio show (which is local to DC). I noticed that the stock surged just at the time the interview was over, so many people apparently liked what they heard. However, ALYD, for reasons I could never figure out, issued a press release before the show only, so most of the country had no idea what he said. Expect to see a transcription of this on their updated web site.
I hope this helped.
- Jeff |
