Post by
fiveniner on Sep 23, 2022 4:01pm
Still no notice of the annual shareholder meeting
My read of the requirements is... 15 months following the last meeting.
Last meeting was August 26th, 2021. That means last day for a meeting would be November 26th, 2022.
Advance notice of the meeting is 25 days.
That means we should know more by November 1, 2022 (at the latest).
This gives ALY just over 1 month to put a good arguement together for why the money raised last summer has not been spent as indicated in the prospectus.
Comment by
fiveniner on Sep 23, 2022 4:08pm
...not so worried about myself here. Just thinking about those poor souls who bought in at $0.70 who have had only a month or two to cash in (maybe selling the warrants was enough to help them break even?). Canaccord, Cantor and Roth have some 'splainin to do...
Comment by
fiveniner on Sep 23, 2022 4:11pm
We are just plebs on this forum... hopefully Torrent Capital can light a fire to get ALY moving again. I miss 2021... =(
Comment by
oilcan2012 on Sep 26, 2022 3:06pm
~2.3 mil shares (+/- warrants), especially in a loss position, does create a bit of leverage. There are those that hold more however. Should the late Nov. AGM date become a reality, ALY Board/Mgmt. will be accutely aware that they have a lot of ground to cover. If the Samsung MOU crystalizes, this could be a significant step forward. Patience.....