Aug 10, 2020


August 10, 2020 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) is bouncing off its $0.0088 50 Day Moving Average and reaching back up over $0.01 today on high volume.  The electric vehicle penny stock player remains well above its $0.005 200 day moving average after a meteoric climb to a new 52 week high of $0.0198.  Now its bouncing off its 50 Day Moving Average regaining territory with a potential to reach $0.05 after the company recently announced a financing deal at $0.05 per share.

On June 30, 2020 ALYI entered into a letter of intent (LOI) for a $25 million first tranche investment at $0.05 per share to fund ALYI's overall $300 million electric mobility initiative in Africa.





















The planned ALYI investment is one component of the investor's overall $100 million initial cryptocurrency offering (ICO) strategy. The investor has already partitioned a cryptocurrency on the Ethereum Blockchain in advance of the planned ICO.

ALYI has initiated a $2.5 million draw down on the first $25 million to begin construction on a 100 acre facility in Africa.

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Source

Alternet Systems (PK) (USOTC:ALYI)
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