Today ALR posted an RNS on their end of year results to 31 Aug 2010. Whilst the company made a bigger loss than last year, they have made progress. They have a number of patents authorised and are starting to generate revenue. Also the chairman Chris Nightingale has put another $1M loan into the company, bringing his total investment up to $3.3M!! He obviously has confidence. The view is that they should be generating significant revenue by year end. As I am quite happy to sit and wait on this I feel quite happy with the company’s current stat. We just need the revenue to start rolling in.
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