ALTS, the Alt5 Sigma token, has been trading below $1 since April 10. How have they sent my account back to the Stone Age? 1. Stock Price Collapse Below $1 and “Nasdaq Delisting” Warning • Current price: Since April, the price has fallen below $1 and is currently trading around $0.96. • Risk: Under Nasdaq listing rules, if the stock trades below $1 for more than 30 consecutive business days, the company receives a delisting warning. 2. Where Did the $100 Million Share Buyback Go? • On January 29, the board approved a $100 million share repurchase program and the cancellation of 50 million shares. • Lack of Execution: Since the announcement, there has been no tangible evidence of actual share purchases being carried out. 3. Dangerous Alliance with WLFI • Cash Flow Issues: ALTS even took out a $15 million loan from WLFI to fund its share buyback. But instead of using the funds to buy back its own shares and support the price, there is widespread suspicion that the money was diverted to purchase additional $WLFI tokens or to cover operational expenses. • Book Losses: The value of ALTS’s holdings in $WLFI tokens has declined significantly compared to last year, resulting in substantial unrealized losses on its financial statements. While its core fintech business is growing, its invested cryptocurrency is eating away at the company’s value.