OTCPK:ALYI - Post by User
Post by
dontknowmuchon Nov 27, 2013 11:40am
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Post# 21946175
"makeithappen" - Henryk's options?
"makeithappen" - Henryk's options?
Hey “makeithappen”,
Anything is possible with Henryk!
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I believe that there are a lot of ALYI longs that are suffering from Henryk “fatigue” and I don’t believe it would be any different for Jason & Richard (Utiba Pte). I suspect that Henryk has made commitments and/or promises to them and has not followed through. I also suspect that Jason & Richard have received an offer for Utiba Pte. (Singapore) once it is whole again – therefore the offer from them to buy the 51% of UtibaAmericas assets that ALYI owns for the sum of $ 6.5 Mil over a three year period!
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Time to re-read
Note 4 – Intellectual Property from the Consolidated Financial Statements:
“In December 2011, the Company purchased four software licenses from Utiba Pte. Ltd. (“Utiba”), a non-controlling interest investor in ATS, valued at $1,500,000. Each license provides the Company the ability to offer mobile financial services under a Software as a Services (SaaS) arrangement to its customers by providing unlimited access to Utiba’s underlying platform. Utiba is required to maintain the systems in working order and provide all necessary services to the Company. As the licenses are for a service that is emerging on a global scale and there is no set term for the service, the licenses have been determined to have an indefinite life.”
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ABSOLUTELY NO question $ 6.5 Mil over 3 years is a low ball offer!
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“Living in the sunlight”
Always DYODD
DKM
