Alternet Systems, Inc. (OTC Pink: ALYI) released a live-action video demo of its much anticipated Retro ReVolt EV motorbike on Friday. Immediately after, shares in ALYI surged by roughly 6% and were trading at intraday highs of $0.1025.
The video below details sleek design, a broad profile, and a pronounced frame structure. Although the design team elected to obscure certain details, the details shown show that this EV bike can be a game changer for ALYI. Through March, shares are trading higher by 20% and with enthusiasm building on Friday could push back toward highs set in February.
Video Link: https://www.youtube.com/embed/rALOyWApnrU
The company noted that ALYI is on schedule to meet pre-order demand for the first 200 Retro Revolt Electric Motorcycles based on the classic BMW R71 frame. Also, the design improvement, some of which is shielded in the video, is expected to substantially increase the electric motorcycle's cruising range. That could have a significant impact on how the bike is received and utilized in different market segments.
The video is the first live-action production showing the planned EV bike in action. Further updates are expected in the coming weeks. Shares are poised to close at their highest levels in more than three weeks following the video's release.
Positioned For A Breakout In 2021
The video update on Retro ReVolt gets ALYI closer to at least one anticipated catalyst- EV bike production. But, several more are expected to be in play as well. Through March, shares are higher by roughly 662% YTD and the bullishness on Friday might be a precursor of more gains to come.
Thus, while longer-term investors are enjoying a massive return so far this year, ALYI is positioning itself to deliver additional catalysts later this year, with the first expected in June. The production start of Retro ReVolt, updates on investment from RevoltTOKEN, and development progress on its EV ecosystem buildout could all contribute mightily.
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