On October 14th, 2011 AIS terminated all of its remaining employees except for its CEO/CFO as it was unable to meet payroll commitments. Based on the notice of termination on October 14, 2011, the Company is responsible for approximately $50,000 in severance payments by virtue of employment agreements with 4 key employees that provide for one month salary in lieu of notice requirements. The Company will incur a charge to operations of approximately $50,000 in the three months ending December 31, 2011.
SO, WHO do you believe? Multiple SEC DOCUMENTS clearly stating the company TERMINATED ALL BUT THE CEO, DIVESTED SUBSIDIARY and LOST jetEngine or some 100% UNVERIFIABLE FANTASY STORY?
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