ALF - Alfi - On Life Support By Its Chairman - Sell

• After going public just thirteen months ago, advertising analytics firm and former momentum crowd favorite Alfi is running out of funds.
• Former management's questionable actions have left the company crippled. Alfi needs to raise additional funds as soon as possible to keep the lights on.
• Company is now on life support by Chairman Jim Lee after receiving an up to $2.5 million secured bridge loan.
• Even in case Alfi manages to successfully access the capital markets, existing equity holders would likely be subject to very material dilution.
• Given these issues, shareholders should sell existing positions and move on. Even a short sale could still yield decent results albeit I remain hesitant to recommend betting against former momentum crowd favorites.

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