As usual, John, we can count on you for facts based upon meticulous
analysis. IMO, you are right on the button re accumulation of stock and on larger quantity orders as well.
Unfortunately, another poster with questionable motives only feigns
being knowledgeable. His talent is to create doubt through innuendo and
a facade of being more experienced and better informed. We must all
remember that he already tried to declare himself an accounting expert
on this thread. The real accounting facts outlined on this thread
demonstrated that he was spouting nonsense for the sole purpose of
creating doubt that time.
Now, he is playing securities lawyer! It should be of no surprise that
his comments again are pure fabrication loosely tied to the SEC
regulations only for impact. Nobody could ever prosecute him for
attempting to manipulate the facts on this thread. It would be thrown
out of court as a joke since his statements are so wildly inaccurate.
Unfortunately, some of us could be taken in by this professional basher,
but only if we don't verify his statements.
His post about S. 506 investors selling without declaration is so off
the mark it is funny. For one thing, ALYA had only financed covered by
S. 504 and those shares under private placement by individual
investors/financiers from different parts of Canada and the States.
These S.504 investors are the only ones eligible and have in large part
been released under S. 144. These are so called "insiders". It has been
stated many times on this thread that some are not active investors,
some do not follow the events of the company, and most have no idea how
many milestones have achieved just in this year alone. It is a very
different ALYA today from the company they invested in a year and 2
years ago. If the company reads this post, it would be a good idea to
contact these investors to update them and maybe send them a half yearly
report. Unless they need the cash, they should be alerted that it is not
the time to sell.
This brings us to the S. 506 red herring posted by our friend. If you
read the SEC regulations, you will see that S.506 applies basically for
financing/private placement for "accredited investors". Accredited
investor under the Act means someone who is knowledgeable and
experienced in evaluating the merits and risks of the prospective
investment. It is primarily targeted for "big" investors, funds and
institutions. These companies would not buy anybody's shares without
proper due diligence, i.e. a S.506 sale would be a positive indicator
and support for ALYA's growth potential. The irony of his comments "that
those shares can come out anytime without knowing" is completely wrong.
Shares when obtained under this S. 506 must go through S. 144 restricted
stock channel for release. Any such stock would have to go through S.
144 deregistration, so the whole world would know about it.
So now we know that he is neither an accountant nor a securities lawyer
- but we do know that he twists the facts intentionally. We don't know
his motive, but we do know that we are his targets. In the face of a
declining stock price that makes no sense, it is strangely reassuring to
see someone trying to sneakily make us sell. Someone wants our shares
for a reason!
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