ALTIF is new to me so I looked at the company profile provided at quicken.com and found the following:
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The Company was incorporated under the laws of the Province of Ontario, Canada in April 1973 for the purpose of acquiring and developing mineral properties. Since 1994, the Company has increasingly shifted its emphasis from the acquisition and development of mineral properties to the development and testing of mineral processing equipment for use in the recovery of fine, heavy mineral particles, including titanium, zircon, gold and environmental contaminants. The Company is a development stage firm and has been since its inception. To date, the Company has derived no revenues from product sales or otherwise and has experienced an operating loss in every year of operation. In the fiscal year ended December 31, 1997, the Company experienced operating losses of $1,831,471.
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A loss every year for 24 years straight! That's must be some kind of record. And now I hear that this $120,000,000 market cap company is entrusting the production of its whizbang product to Joe Blow's machine shop in some out of the way place first in California and now Tennessee. I will bookmark this one if only for the entertainment value. |
