Alternet Systems Inc (OTCMKTS:ALYI) Stock Continues To See Selling Pressure: But Why?

In recent times, Alternet Systems Inc (OTCMKTS:ALYI) has been in considerable focus among investors with regards to its electric motorcycle pilot project in Africa. However, last week, the stock did not perform well and ended up recording a decline of as much as 7%.

In this context, it should be noted that back on August 31, 2021 the company was in the news after it announced that on September 9 it was going to provide an update with regards to its progress on the delivery of as many as 2000 electric motorcycles in Africa.

While the update with regards to the delivery of the electric motorcycles in Africa is going to be something that investors are expected to watch out for keenly, Alternet Systems is also going to provide other updates.

Alternet is going to provide a lowdown about the merger and acquisition targets that were announced recently and on top of that, it will also provide updates about its Retro Revolt Electric Motorcycle project that it is working on for the North American market. While the stock fell, it remains to be seen if there is any action in the Alternet stock in the days leading up to the day of the announcement on September 9.


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