Gerald, with respect to >The above is my opinion only and should not be taken as investment advice. Please do you own due diligence before investing.< Thanks for the cautionary words. I agree that everyone should satisfy their own due dilly requirements. I do agree with the things you listed about ALYD's software tools though.
I don't have a large sum in ALYD, although I may buy more shares in the future. I also was scared off initially by the scant info available. Particularly what turned me off was the unavailability of financial statements of any kind. With the new info provided at the web-site, there is quite a bit of helpful information which was adequate and encouraging enough for me to have satisfied my desire for due diligence. I know it probably is naive to consider a web-site as the sole source for information, but like I say, this company just has not been interested in actively promoting itself. Frankly, I couldn't find any other sources of information. For now, I'm taking what is on the company web-site as "fact".
ALYD has been a "Non-Reporting Company". I'll admit that's a new one for me, but then this is the first BB stock I have ever invested in. According to the FAQ, 1996 financials will "become available"., concurrent with (I'm guessing) the approval on being listed on the Nasdaq NMS.
The company has approx 230 "employees".
The company has 3 sales offices in major cities, and "is opening" 3 more in 3 other cities.
The company has a joint venture with a business partner in the U.K., which has sales offices in 5 different European countries.
There are 13.2 M shares issued and outstanding.
Float is 6 M shares.
"Alydaar was founded to develop and provide automated reengineering services". This is important to me, because it tells me that this is not just a "here today, gone tomorrow" type of company, which would have a hard time holding onto qualified employees, not to mention have a hard time getting clients.
So that pretty much sums up why I feel confident in investing in ALYD.
DK |
