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EnigmaDude (94.28)

Artificial Life - Back from the Dead?

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January 18, 2012 – Comments (1) | RELATED TICKERS: ALIF

Some long-time Fools may remember a small company that was highly regarded by many top-ranked CAPS members (including myself) that took a nosedive last year after they had some accounting issues that caused their stock to lose more than 90% of its value.  Well now it seems that they are slowly coming back, from a low of $0.03/share to today's high of $0.195.  First they finished and delivered a project for 3M and then announced that they are suing KPMG Hong Kong (good luck with that!).  Today's announcement is sending the shares higher.  Apparently they have landed a new customer - a regional office of a "major" US bank.

I have been holding onto my shares in the belief that something like this would eventually happen and hoping that more good news is on the way.  I still have a long way to go to recover my paper loss on this investment but at least things seem to be moving in the right direction.

Anyone else have any additional insights - like which bank?

1 Comments – Post Your Own

#1) On July 22, 2014 at 7:45 PM, AtomicBlicky (22.31) wrote:

I've followed this for quite some time. Owner/Ceo had huge amount of shares.  Bounced around quite a bit, and nearly thought to have been dead!!

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