Monday, July 18, 2011

Artificial Life Announces New Business Strategy

I am not a visionary but after my article about Artificial Life (ALIF), the company came with a Press Release.

Company transforms into global mobile investment holding with BRICS focus.

However, our stock price and market cap have not followed this success story and our stock price has now reached such low levels that are in no way satisfying. Therefore, we made the strategic decision to change our business model and goals. We believe this is necessary and appropriate now and in the best interest of all our shareholders.

Bullshit of course if Accounts Receivable (AR) was acceptable and accounting firms were not questioning the financials of the company, management was right with their statement.  

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