Artificial Life - Back from the Dead?
January 18, 2012
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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?
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