Invest may be carrying it a bit too far. Speculate comes in a not too close second. Gamble is the closet to the truth you can come.
Are they for real, do they have a product and or service do they get reimbursed for their labors? The answer is a qualified yes to all.
The real question is do they have "leading edge" technology that cannot be easily duplicated by any of a dozen top grade companies and a production facility that beats any potential competitor hands down and a bank account that can keep them not only afloat but in business for a long time. This I seriously doubt.
For a company that brought on board 20 distributors, issued PR after PR touting the LONWorks, Motorola connection and the agreed to minimum
guarantees by these distributors none of which have evidenced themselves up to and including today in any tangible degree confirmed by an auditor, their most recent audited financial statement still portrays them as not a viably sound company. Sure they have the demo units they set up in a number of locations, including some Schaumberg, Il facility and now the components in the Teng installation in Chicago. I would be willing to bet that there are two basic reasons why those installations were approved. One it is a new technology that most recognized leaders in building security have not as yet decided is an option they should have to offer their customers and two, the price they are getting is so low if after installation they have to be replaced it's no big deal.
They have printed in one of their PR releases a list of what they call major distributors. Contact some them as I did and ask why they chose to go along with ALYA. The answer may not exactly match the claim that ALYA makes.
Could they possibly make an actual run at becoming a "world class company" as some boosters keep proclaiming. Certainly, but if you are an "investor" and not a speculator or gambler you have to consider not the possibility, almost anything is possible, but the probability that they could succeed. In that case I have serious doubts.
The recent string-a-long concerning the waiting in the wings blockbuster announcements are no different today than they were a year ago. The games the same, only the players names have changed. Forget sophisticated analysis, just ask yourself common sense questions such as if this company and its hot technology is the best thing to come along since hector was a pup, why have all of the 144 filers who stand to make millions if this stock rises to $5 a share bail out a soon as they qualify to register their shares. If you buy the argument that one fool put forth that these shares were to raise money for the company and sold to them by either the CEO or the CFO you deserve whatever reward you get if you buy the stock. If the stock is somehow promoted higher and you make a buck great for your guts. If the truth about what I believe is so about this company,its products and technological capability, it's officers and promoters is
true, you deserve the licking you may take. We have now seen June 1st come and go. Have you seen a Form 10SB filed? Have you seen an unaudited Q1 or Q2 Financial Report filed? Have you seen any concrete evidence other that their own PR releases or paid for PR promotion pieces from bought touts, about sales volume, distributor sales to say nothing about the message board shills.
As I have cautioned before, in my over 50 years experience in the Wall Street game both as an analyst, venture capitalist, and for the past 27 years independent investor, due diligence (DD) is not picking up the phone and talking to IR, or an officer of a company. Especially when that company is constantly issuing shares to keep its head above water, pay for financial promotion, compensate certain employees and register those shares for sale exactly when they qualify for 144 sale. How long will PR News releases have to be read with a magnifying glass to spot the cautionary "out" hidden in the syntax or slick wording.
Whatever your decision I wish you luck but before you leap you may want to check out some other low priced speculative situations. Believe it or not some of them can be found listed on the NYSE and ASE and the national NASDAQ markets where you do serious DD research. |
