New York, NY – May 7, 2018 – Recent trading in the stock of Alternet Systems, Inc. (USOTC: ALYI) has pushed passed the 50 Day and 200 Day Moving Averages and is now working to push past the $0.02 milestone. The company announced the launch of ReVolt Electric Motorbikes on April 17th, to commercialize the company’s portfolio of Lithium Battery Technologies acquired from Air Products and Chemicals, Inc. (NYSE: APD). The bears appeared to think this might be an opportunity for a short strategy. As you can see, several days closed with the percentage of short selling exceeding the sale of real shares. Recently, Goldman Small Cap Research issued a new research report on Alternet Systems, Inc. that includes a “speculative-buy” rating with a target price-per-share of $0.09. Since then, increased buying pressure has put short sellers at risk of covering short sales at a loss.
OTC Short Report is also reporting significant short positions in Alkame Holdings, Inc. (ALKM), BioElectronics Corp. (BIEL) and Puration, Inc. (PURA).
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.