Not sure which version it was but I think it was the current v2 that was compared to a Model T while the v3 was a rocket or the space shuttle or something? The length of time to get this far has been years so to get to a space rocket from a Model T will take years as well? The recent options that some were banging on about on HC expire in few years’ time? so I would say we have another few years to wait, which may also mean another cr and dilution?
Boards and management often overstate what they have done (“Data room established” could just mean they’ve transferred a few files onto a USB memory stick) and to me it seems like they repeat things that were done last year as being done again this meeting (v3 that was mentioned last year so were v2 clinical trials). They overstate what they can do and while commonly underestimating the speed of market changes and the speed at which the competition can develop a product or mimic and overtake, particularly in technology areas. It wouldn't take long to reverse engineer this product and produce something that is different enough to avoid patents and/or tie ALT up in a legal battle shareholders can't afford. Any deal would be gone overnight along with their current advantage being one of the few players or only player? taking this whole concept seriously.
Take my take on this with a grain of salt. I have half lost interest in ALT and I’m substituting cynicism for research more than I normally do.
ALT Price at posting:
0.9¢ Sentiment: None Disclosure: Held
