Alternet Systems Inc. (OTCMKTS:ALYI) Stock Moves Down: Falls 30% in a Month

Alternet Systems Inc. (OTCMKTS:ALYI) stock continues to trend lower after the recent fall. The stock has soared almost 30% over the past month.

Market Action

In Friday’s trading session, ALYI closed lower by 5.33% to $0.0142. More than 33.81 million shares have exchanged hands, above its average volume of 19.28 million shares. The stock opened at $0.0150 and moved in a range of $0.0140 – 0.0156.

ALYI Electric Vehicles, Ecosystems, Cryptocurrency, and Global Brand Names All-In-One

Here are the highlights:

Alternet Systems recently announced that it expects to generate its first revenue this year from the sale of electric vehicles.

Specifically, ALYI intends to generate $2 million by year end from the sale of electric motorcycles. The company yesterday announced it might add to the $2 million figure with the additional sales of three wheeled electric vehicles under a second contract.

ALYI management repeatedly emphasizes that the electric vehicles are just the tip of an overall electric vehicle ecosystem backed by a dedicated cryptocurrency called Revolt Token.

Herein, ALYI lays out its plan to assemble under one globally recognized brand name, a comprehensive electric vehicle ecosystem through a combination of partnerships, contracts, acquisitions and investments.

Electric vehicles require a whole new breed of design and engineering, from the vehicle as a whole, down to each and every component part, from the component function to the subcomponent function, and the material it’s all made from. There is much more to an electric vehicle than the replacement of a combustion engine.