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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Jay who wrote (2440)	5/12/1999 8:37:00 AM
From: Novice Bob	Respond to of 2534

Dr. J: An important point of interest, the MM's jacked up the bid/ask rather quickly, and the new "Investors" are in the stock at a much higher price. Therefore I think the MM's know exactly what is happening with ALYA as do the new "Investors" willing to pay the higher $$$ to be in the stock. This run-up is unique in that there was not a SI Hype program behind this run as in the past driving this buying, and any new developments within ALYA are not being "unofficially" leaked out. I am not sure what all this means, but it is different. Also the MM's are keeping then Bid/Ask gap tight, very rare for a penny stock such as ALYA, the MM's usually want to grab as much $$$ as they can from the shareholders. I am in another penny stock (CVIA) check out that Bid/Ask spread. It is pretty much known there that there are some abnormal MM influences affecting that stock though. I bet the coming forward split will fix that problem... ALYA is going to be very interesting to watch. Robert

To: Dr. Jay who wrote (2440)	5/12/1999 8:53:00 AM
From: grw5	Read Replies (1) \| Respond to of 2534

Thanks, Doc. George

To: Dr. Jay who wrote (2440)	5/12/1999 9:09:00 AM
From: Techno	Read Replies (1) \| Respond to of 2534

I have received the audited financial statements for September 30, 98 in the mail this week. Have not had time to go through Note 11 on software rights to understand the implications. It appears the have sold the software (for a note of 15 million due in 2007 and $1 million cash)and received an exclusive right to Market the software. The Company receives a management fee annually equal to 55% of the net revenue in the US and 45% in Canada. The balance of the revenue goes to the owners with 45% to repay the note and a blance as a return to the owners. It really does make the arrangement confusing. Why would the Company do this? This looks to me like they gave 50% of the Company away for $1 million. The Marketing rights only go to 2007.