Replies to post #21493 on Artificial Intelligence Technology Solutions Inc (AITX)

[10baggerinvestor]

Thanks very much mate it has changed my perspective on Garret somewhat in a positive way. Appreciate the insight into the potential here it is so hard to find these investments I don't want to sell out too early with this bad boy! already been here over 6 months. Exciting times are upon us and share the same sentiments as you. Hoping to quit my office day job after this one.

[Monte_Cristo]

Parsons could have easily let those notes convert on us and not have spent the extra $40,000 but he had absolutely no intention of jacking up the O/S on us.. i think the real magic happened from 5/31 to now.. with the issuance of shares to Eagle equities i believe that signaled the completion of the old notes clean up and more than likely the end of toxic note dilution.. of course some of the old notes converted, thats a given.. Parsons did one hell of a job cleaning old managements mess and all while coordinating the aquisition of RAD.. he deserves a hell of alot of credit for all of this while many have criticized him.. the OMVS shell was a great target even with the old notes considering RAD will benefit substantially tax wise from the $3.5 mil NOL it also contains

Spot on, Sky. People who read the filings carefully have seen Garett's masterful work with the convertibles. More confirmation now with Eagle Equities being labelled as a friendly holder.

OMVS

[hestheman]

YOU ARE WRONG! You need to double the profit margin to about 40 percent LOL (most larger automation/robot companies make around a 40-50% profit margin) and I would also say a PE multiple of 40-50 (or more) is very possible with a new company like RAD making deals with multi-billion dollar companies. In other words.....$20-30 per share is totally possible. Awesome post Sky! Lets get this merger done!

[stocksbelow1]

Thank you for this post, as well as all of your posts. You def. have a solid grasp of the possibilities/potential here. Looking forward to dollar land and beyond!

[QTRADERQ]

DL, you're an accredited investor with strong connections to Garret. Your words mean much to me, and should to others who know of your position. I never anticipated Eagle might be buying up OMVS's old debt. Makes perfect sense. That's obviously what was being "implied" in Garrets email (below) .

... you guys will see how good of a relationship it is SOON

Please consider making your post a sticky.

[QTRADERQ]

No offense taken. I'm a retired CPA and just want to interject and provide some color on the "red tape" of accountants and the accounting profession.

keep in mind we are a rare OTC SEC filer AND audited.. anyone who knows anything about these auditors knows how much power they have and the delays they cause with their red tape

1) CPA's are self-regulated by the American Institute of CPA's (AICPA); They are not regulated by the SEC;

2) CPA's must comply with Generally Accepted Accounting Principles (GAAP), Public Company Accounting Oversight Board (PCAOB), Financial Accounting Standards Board (FASB) and Generally Accepted Auditing Standards (GAAS) when conducting SEC audits;

3) Accounting firms and CPA workpapers & compliance checklists are routinely audited by outside Peer-Review CPA firms. These Peer-Review firms are CPA firms who are engaged to audit other AICPA member firms to ensure compliance with the rules, regulations, code of conduct and standards of the AICPA & PCAOB.

4) CPA firms & CPA's are often sanctioned, disciplined & suspended for non-compliance with AICPA & PCAOB rules;

5) Accountants and other professionals are always easy targets for lawsuits. Lenders, shareholder's and other's "rely" on their unqualified audit opinion of the financials;

6) ALL OF THE ABOVE is why & how the accounting profession diligently self-regulates itself. The background bureaucracy (mentioned above) also contributes to the high cost of an audit (min $25k -$30k)

7) Accordingly, from the clients and shareholder's perspective it would appear slow, bureaucratic and cumbersome. I can assure you OMVS/RAD's auditors are under a lot pressure to get their end of the work done in a timely manner (or risk losing the client), while at the same time balancing the demands of compliance with GAAP, GAAS, PCAOB, FASB & AICPA requirements.

* Lastly, I'm confident the 8/31 merger completion date will be met. I believe the auditors were asked to provide a date they could comfortably meet.

[QTRADERQ]

WOW ...

... The potential of a friendly to buy up the old toxic notes ... what does that tell me? Parsons could have easily let those notes convert on us and not have spent the extra $40,000 but he had absolutely no intention of jacking up the O/S on us.. i think the real magic happened from 5/31 to now.. with the issuance of shares to Eagle equities i believe that signaled the completion of the old notes clean up and more than likely the end of toxic note dilution.

$OMVS

[QTRADERQ]

Exactly. My numbers as well

... even using a conservative PE multiple of 20 or 25 and a conservative profit margin of 20% every $100 mil in contracts in worth $9.00 per share at our current 87mil OS..

$OMVS