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I get 3 posts per day. This is my last one.
Pursuant to SEC and IRS regulations, in order for a SPIN-OFF to be a TAX-FREE event (as opposed to a dreaded SALE of ASYI's assets to AERO), at least 80% of the then existing shares of ASYI would have to STAY with the ASYI shareholders. The other 20% would would be available to be SPUN-Off to the new owners of AERO.
Therefore, when the dust cleared on the transaction, ASYI shareholders would hold 80% of their ASYI holdings and the balance (20%) in AERO shares.
Nothing will have changed ... except HOW the ownership interest in the two companies was divided.
ASYI would trade under its own ticker (or be merged into GCS's new ticker), and AERO would also trade, but under its own ticker.
Do as you like of course ... but when the "News" hits, it will be too late to buy anymore ... unless you want to pay $1.52, or a $1.65, or a $1.88 per share (in pre-conversion dollars).
The announcement of the "news" will be the announcement of the END of this trade as we now understand it.
A brand new ERA in the life of ASYI and AERO (and GCS) will then take place.
ASYI – The “NEWS” that I’m waiting on …
and “WHEN” I expect it to arrive.
It’s a DRAG to wait for something, and not know exactly what it is that you’re waiting for. Just like you, I’m waiting on NEWS … but a PARTICULAR kind of news. I don’t necessarily have to hear that a reverse merger has taken place … because there is OTHER news that can cause ASYI’s PPS to go ballistic.
AND WHAT IS THAT KIND OF “NEWS”? …
Well, THAT’S what this post is all about. And you too can wait for that PARTICULAR kind of news if you will read and UNDERSTAND what is written below. After having done so, you will then know exactly what has been going on behind the curtain of this trade for the last 22 months … and when its all coming to an end..
No more “guessing”. No more “hopeing”. YOU WILL HAVE THE TOOLS TO “KNOW”!
The following brief summary is why I now own 114+ Million shares of ASYI … and add to those holdings each week, as funds permit. I do not care in the least what YOU may decide to do, or not to do. The following is simply a summary of MY own due diligence here … due diligence that I have acted on … and with a vengeance:
1. THE “OLD” NEWS:
We all now know that ASYI was working on the creation and marketing of software that would help the airline industry. That software was offered to airlines on a one-year lease basis, for $1,000,000.00 per year. ASYI only managed to sell TWO such leases during its entire corporate history (one in 2009, and the other in 2010). So the “Old” news is that although ASYI had invented a revolutionary product … it was having great difficulty in selling that very expensive product to airlines … ESPECIALLY during the “Great Recession” of 2008 to 2011..
2. THE “AARP” NEWS:
We are all familiar with AARP; the huge private company that seeks to represent the interests of seniors. In order for a doctor, or a hospital, or a drug company to access AARP’s huge membership, AARP must first certify that doctor, or hospital, or drug company as being AARP-approved. AARP will then recommend that entity’s services or products to its membership (and take a small transactional fee in the process).
THE VERY SAME THING TAKES PLACE IN THE AVIATION INDUSTRY … only AARP is replaced by a huge, worldwide, international information and technology company known as SITA, which was founded in France, many years ago to support, assist, and promote the international airline industry.
Almost 100% of the world’s airlines and airports are members of SITA (which stands for the “Society of International Air Transportation”). Over the course of many years these airlines and airports have come to trust SITA, and they now rely on SITA to recommend only the best products and services for airlines and airports (just like AARP does for its members). And SITA now has THOUSANDS of employees, worldwide, to make certain that such trust and reliance is very well-placed.
http://en.wikipedia.org/wiki/SITA
3. THE “BAD” NEWS:
In early March of 2011, SITA announced (world-wide) that its many hundreds of airline members were being ripped-off by having to pay huge prices for the expensive LEASING of airline-related services … and that SITA was going to create a special WORLDWIDE CLOUD-BASED PLATFORM where its members could go to RENT, on an AS-NEEDED basis, that same software that ASYI (and others) were leasing for an obscene amount of money. The SITA cloud would be comprised of 9 gigantic cloud-based network facilities situated across the globe. The one in America is located in Atlanta, Georgia.
SITA also announced that any companies who could create software (like the ASYI software) and offer it to its members on an AS-NEEDED RENTAL basis, could apply for space on SITA’s cloud and begin to sell access to that software to SITA’s airline membership base.
That SITA announcement took place on April 6, 2011 … and the cloud was called the “Air Transport Community Cloud”.
http://www.sita.aero/content/sita-launches-dedicated-air-transport-industry-ati-cloud
That announcement was also a final nail in the coffin of ASYI’s dreams of LEASING (on a long-term basis) its software at $1,000,000.00 a pop to airlines … ANY airline!.
And that is why, just one week later, on April 12, 2011, ASYI created AERO IQ and asked the former V.P. of Oracle Corporation (Helman Gosain), who was in charge of developing software as an ON DEMAND SERVICE, to join the new AERO project and help ASYI to re-work its old software … that was NEVER going to be purchased by any of SITA’s membership of airlines in the future.
IN SHORT, ASYI HAD TO SHIFT TO THE NEW BUSINESS MODEL … OR DIE! IT BEGAN THAT PROCESS IN APRIL OF 2011 … LONG BEFORE ANY OF US APPEARED ON THIS BOARD.
Shortly thereafter --- and continuing for a period of some 22 months --- ASYI retained the professional services of 9 to 10 experts to be a part of AERO’s “Advisory Board” to guide its decisions regarding how to best market the new software. Two of those “Advisors” included the founder of WestJet Airlines, and the former CEO of American Eagle Airlines.
ASYI also assigned 25 to 30 software contractors (worldwide) to re-engineer the old ASYI software into something that AERO could use and market on the new SITA Community Cloud.
Back in 2011, ASYI knew that it would take a considerable amount of time to completely re-engineer the old ASYI software. So it needed undisturbed TIME to make all that happen. And so it pushed the divestment deception in front of us; and then the long-winded, five-month Birthday Slam deal … and then followed it with the even longer-running KoolTel deal; and then all of the crazy antics any zany machinations of a company that was hopelessly going out of business … with things so bad that it couldn’t even pay Nevada $2800 to retain its corporate status ... while it had no problem paying its former CEO $6,400,000.00.
IT WAS ALL DONE TO BUY TIME TO RE-ENGINEER THE OLD AYSI SOFTWARE INTO NEW AERO SOFTWARE FOR UPLOAD TO THE NEW SITA AIR TRANSPORT COMMUNITY CLOUD!!!!!!!!!!!
ISN’T THIS “OBVIOUS” TO YOU BY NOW?????????????
On June 1, 2012, SITA formally announced (world-wide) that its brand new cloud was then officially in operation … and it began accepting applications for membership in the cloud by interested software developers … one of which was AERO IQ.
The ABSOLUTE PROOF of AERO’s desire to be a part of the SITA Community Cloud is this statement from a SITA article, dated October 1, 2012:
“Already an initial stream of Internet Service Vendor’s has been on-boarded, among them Aero-IQ, Mxi, Zetes, Gael and Safegate. Others are in the pipeline. First customer proposals are taking place with Mxi with others to follow, for delivery [to our members] during 2013.”
You've got it wrong. AERO has no INTENTION of "merging back into ASYI". AERO's going to do its OWN thing, as its OWN publicly-traded company. Hundreds of companies "SPIN-OFF" portions of their companies each year. Nothing "illegal" about it. In fact, it's become all the rage in the M & A world. Just ask CEO-Haines, who is an expert on restructuring and spin-offs (that's why ASYI made him the CEO and not Beatty).
The only entity that's going to "merge back into ASYI" is a private company that you've come to know and love: Global Convergence Solutions.
Oh, and by the way ... ASYI now has NO debt ... AND $30 Million of NOLs.
There are a GROWING group of initial flippers, both in this trade as well as outside this trade who have at long last come to believe that their holdings are REALLY INVESTMENTS as opposed to "lotto tickets". They are ADDING to those INVESTMENTS ... not to make a 300% or 500% ROI ... but a 3000% to 5,000% ROI.
They understand the ABSOLUTE connection between AERO and ASYI ... and they now know where the money and the assets and the future went.
THEY ARE NOW SAVVY INVESTORS, BECAUSE THEY KNOW THE VALUE OF WHAT THEY ARE HOLDING ... AND THAT CAUSES THEM TO BE ABLE TO CALMLY AWAIT THE ONLY POSSIBLE OUTCOME THAT THIS TRADE CAN HAVE ... VICTORY!
ASYI – AERO IQ is going to go PUBLIC…
I haven't been posting because I don't want to be a kill-joy. As you know by now, I don't believe (and have NEVER believed) that ASYI would "run". I believe that it will simply (and instantly) be TRANSFORMED into another stock, having a wildly different PPS.
But if people want to hope for a run ... then who am I to try and destroy that HOPE.
Be that as it may, however, I now FIRMLY believe the following:
The corporate restructuring of ASYI is now complete. Within days from now AERO IQ is going to be officially (and LEGALLY) spun-off from ASYI as a separate, stand-alone company that wlll begin to issue its very own BRAND-NEW, PUBLICLY-TRADED STOCK.
STOP AND TRY TO WRAP YOUR HEAD AROUND THE IMPORTANCE OF WHAT I JUST SAID …
ASYI … (all by itself) can MAKE AERO IQ a publicly-traded company … having its own, brand-new, publicly-traded shares … all by itself! AERO IQ doesn’t have to do an IPO, or reverse merge with some other publicly-traded company; nor does it have to be acquired by some other publicly-traded company.
IT CAN BECOME A BRAND-NEW, PUBLICLY-TRADED COMPANY, WITH ITS OWN BRAND-NEW, PUBLICLY-TRADED AERO-IQ SHARES … ALL BY ITSELF … AND ITS PARENT COMPANY, ASYI.
All ASYI has to do to make this happen Is to provide “adequate information” about the AERO spin-off to its shareholders and the public markets!
That’s all it has to do … and then AERO IQ and ASYI go their own separate ways … and we then own a pro-rata interest in the stock of EACH company. AND THIS IS JUST “ICING ON THE CAKE” … BEFORE ANY REVERSE MERGER INVOLVING ASYI takes place!
The SEC is absolutely clear on EVERY SINGLE WORD THAT I’VE JUST WRITTEN:
If the subsidiary that’s to be spun-off [i.e., AERO IQ] is a non-reporting issuer [and it is], then ASYI can satisfy the SEC’s disclosure requirement by simply providing the same information that would be found in a proxy statement under the Securities Exchange Act. This information must be provided prior to or contemporaneously with the spun-off shares of AERO IQ.
Additionally, a non-reporting subsidiary [such as AERO] must file a Form 10 registration statement. The Form 10 may be filed after the spin-off but must occur prior to the AERO’s securities trading.
So we’d all get the brand new shares of AERO IQ … but not be able to trade them until ASYI files a registration statement regarding their issuance. We would all hold restricted shares of AERO … until that Form 10 is filed with the SEC. This restriction would not, however, involve any ASYI stock that we held.
AS I’VE SAID BEFORE IN AN EARLIER POST … NOT SO MUCH AS ONE MORE DAMN THING NEEDS TO HAPPEN BEFORE ASYI’s PPS IS FREE TO EXPLODE AND/OR “TRANSFORM” INTO THE PPS OF GCS. ASYI NOW HAS NO DEBT … AND IT IS ABOUT TO SPIN-OFF AERO IQ WHICH CONTAINS ALL OF ITS CORE ASSETS. IT’S ALL NOW DONE … AND ONLY AWAITS AN ANNOUNCEMENT OF THE NEWS.
SO GET ABOARD … OR STAND ASIDE. BECAUSE NO ONE CARES WHAT YOU DO FROM THIS POINT ON!
For documentation on all of the above, see the following link, which contains a host of associated supportive links:
http://www.securitieslawyer101.com/spinoff/
P.S.: A final question for those who are already placing their sell stops:
What will happen to your $0.0005 and $0.0008 sell stops when the “transformation” announcement is made and the post-conversion PPS suddenly appears on your monitor as $1.36, or $1.52, or even $1.88?
What do you think the MMs will do with your $0.0005 and $0.0008 sell stops? Will they gleefully fill them … or will they ignore them and let the value of your shares be $1.36, or $1.52, or even $1.88?
Will they be that kind, and that fair, and that generous to you?
Wowee! That 21M just torpedoed my previous post. GO ASYI!!!!!
The end is about to begin!
No news for a year and she does 21Million in the first hour of trading.
Not one of my DAILY test-buys has been filled this week. First time that's ever happened. Kinda discouraging ...
But kinda hopeful in a strange sort of way.
The MMs are changing their tune. ASYI shares are more valuable to them now then they've EVER been before.
This trade is heading around the bend toward the end-point.
Await the approaching NEWS with cool and calm CONVICTION!
ASYI – So who is AERO’s “Sugar-Daddy”, eh?
And exactly WHAT is AERO going to give that “Sugar-Daddy” in exchange for all the money it’s been receiving … during the course of the last 2 YEARS and 5 months in order to have created AERO and complete the build-out its new product-set?
In early 2011, ASYI sold a one-year lease of the old verson of its JetEngine software to Turkish Airlines for $1,000,000. That was the very last money it EVER earned in its entire corporate existence.
And then, in September of 2011, ASYI’s software license was terminated and it then “presumably” began the task of going out of business (selling certain assets, cancelling leases, terminating certain employees, etc., etc.).
So ASYI was broke, busted and going down the tubes … not to mention that it then still owed its 3 note holders more than $5 Million.
BUT WHAT ABOUT AERO IQ … THAT WAS CREATED BY CEO-JOHNSTON DURING THE FIRST QUARTER OF 2011?
We now KNOW the following about little AERO IQ:
1. ASYI’s former CEO, Stephen Johnston (who earned $470,000.00 per year) started “officially” working at AERO (as its “founder”) sometime during September of 2011.
2. Roy Miller, who is the brilliant guy who INVENTED the JetEngine Software for ASYI, joined Johnston and started working at AERO IQ in September of 2011. Although I don’t know what Miller was earning at ASYI, I would guess it to have been a damned decent salary … after all, the JetEngine Software was Miller’s idea.
3. AERO IQ has at least NINE American and Canadian corporate professionals on its Advisory Board, including the FOUNDER of JetWest and the former CEO of American Eagle Airlines.
4. AERO IQ has had at least 23 different professional software contractors laboring on its new product set, world-wide.
IT’S A VERY SAFE-BET TO ASSUME THAT DURING THE ENTIRE 2 YEARS AND 5 MONTHS OF AERO’S SECRET EXISTENCE, NOT SO MUCH AS ONE SINGLE PERSON LISTED ABOVE HAS EVER WORKED ON THE AERO PROJECT FOR “FREE”.
IN FACT, EACH AND EVERY ONE OF THEM HAS BEEN GETTING A SALARY … WEEK AFTER WEEK AFTER WEEK … FOR 2 YEARS AND 5 MONTHS NOW.
SO WHO IS THE “SUGAR-DADDY” THAT’S BEEN “FRONTING” ALL THESE STAGGERING ON-GOING COSTS AND EXPENSES … AND EXACTLY WHAT IS THAT “SUGAR-DADY” GOING TO BE GIVEN BY AERO?
It’s painfully obvious (ISN’T IT) that WHOEVER the Sugar-Daddy is, it is going to get the opportunity to ACQUIRE (for some of its publicly-traded stock) complete ownership and control of AERO IQ and ALL of its absolutely unique, re-worked, airline-related, software product set. That Sugar-Daddy will then get to turn around and begin to charge THE ENTIRE WORLD-WIDE AVIATION INDUSTRY for the use of its one-of-a-kind product set.
But WHO is the likely Sugar-Daddy that’s going to ACQUIRE such an incredible, one-of-its-kind, profit-making opportunity?
We now KNOW the following:
1. We can IMMEDIATELY eliminate ASYI from our list of would-be Sugar-Daddies. It hasn’t earned (nor saved) so much as a nickel since early 2011. It couldn’t even pay its former employees … much less all the Super-Stars listed above who have been laboring on the AERO “VENTURE” for the last 2 years and 5 months.
2. The Sugar-Daddy’s got to be someone or something with virtually unlimited funds … able to sustain huge outflows for 2 years and 5 months now. This means that we can also immediately eliminate ASYI’s two controlling shareholders, Merus Capital and Dynamic Intelligence from our list of would-be Sugar-Daddies … as they simply don’t have the kind of cold, raw, “Super-Cash” to keep throwing into a VENTURE as expensive, complicated and long-winded as AERO IQ.
3. The Sugar-Daddy’s got to have agreed to INVEST its money in AERO … as opposed to simply LOANING AERO the money; as a LOAN of such magnitude would equal a “MATERIAL EVENT” with the SEC … and require ASYI to 8K the specifics of that LOAN. Because we haven’t seen any such 8K filed, that then means that the Sugar-Daddy’s money has been an on-going INVESTMENT in the AERO VENTURE.
What Sugar-Daddy could possibly invest the staggering amounts of money thus far poured into the AERO VENTURE … across a 2 year, 5 month timeframe?
There are ONLY three possible candidates:
1. WestJet Airlines (Canada’s LARGEST airline … even bigger than Air Canada). It tried to create a similar version of JetEngine software several years ago, but failed after having hired 150 people to work on the project, and after having spent $38,000,000.00 in the attempt to do so. Mr. Tim Morgan, the FOUNDER of WestJet Airlines, presently sits on AERO’s Advisory Board … as well as ASYI’s Advisory Board. BIG-MONEY DOESN’T WASTE ITS TIME SITTING ON STUPID ADVISORY BOARDS … UNLESS THERE’S A MONETARY REASON FOR DOING SO. I’d then certainly view him and WestJet as a likely Sugar-Daddy.
2. American Airlines. It is presently one of the world’s largest airlines and could sorely use the software systems that AERO has created in order to add more revenue to its bottom-line. Mr. Peter Bowler, the former CEO of American Eagle Airlines (a division of American Airlines) presently sits on the Advisory Boards of both AERO and ASYI. AGAIN, BIG-MONEY DOESN’T WASTE ITS TIME SITTING ON STUPID ADVISORY BOARDS … UNLESS THERE’S A MONETARY REASON FOR DOING SO. I’d therefore certainly view him and American Airlines as a likely Sugar-Daddy.
3. A “Wild-Card”. A New York hedge fund (not Merus Capital) … like Black Rock Capital who acquired the company that attempted to produce the similar version of JetEngine software for WestJet several years ago. It purchased that software developer for $2.3 BILLION dollars. There is an OBSCENE amount of profit that will flow to the owners of the wholly-owned company that can ultimately create and market the exact same product set that AERO has been laboring on for the past 2 years and 5 months. It would be ludicrous to assume that huge, acquisition-minded hedge funds are not aware of that opportunity. I’d therefore certainly view such hedge funds as a likely Sugar-Daddy.
AND NOW …
AFTER HAVING READ THIS POST …
IF YOU DON’T BELIEVE ANY OF THE FOREGOING …
THEN ASK YOURSELF THIS SIMPLE QUESTION ….
WHO IS AERO’s SUGAR-DADDY?
BECAUSE IT CERTAINLY HAS ONE …
AND JUST ASK ANY SUGAR-DADDY …
THEY ALL FULLY EXPECT TO RECEIVE SOMETHING BACK FOR THEIR MONEY!
Go ASYI!
Go AERO IQ!
Go GCS!
Go SUGAR-DADDY!
P.S.: My daughter says that there's great speculation at TD Ameritrade about this issue. That's because the Sugar-Daddy will ACQUIRE AERO will its (the Sugar-Daddy's) publicly-traded stock. Therefore, anyone then holding ASYI shares will also receive some Sugar-Daddy shares. This is the TWO-FER that I (and someone else) has been talking about.
I SORELY do HATE to needlessly waste one of my 3 permitted daily posts ... but sometimes, you gotta do what you gotta do:
This is what the ASYI 10Q, dated May 21st says:
"Appointment of Jeff Coe
On March 23, 2012 the board of directors of the Company approved the appointment of Jeff Coe as the Chief Operating Officer of the Company ..."
Does ANYONE here not know and understand that if your Chief Operating Officer resigns or is fired, then the SEC REQUIRES that company to file an 8K within 4 calendar days of such a MATERIAL event?
Clearly, we have NEVER received such a filing in Jeff's case ... nor in ANY of the OTHER 12 people who are laboring away at ASYI.
PLEASANT WEEKEND TO ALL!
As to the issue of whether or not any of these creeps may have resigned ... I could give 3 monkeys about. The CRUCIAL issue to be focused upon is IF they do resign or get fired, then ASYI must make that news known in the form of an 8K.
ASYI – knock-knock. Who’s home?
“There isn't anybody running the ship anymore, all [are] gone,all unaccountable.”
ASYI – Yes! NEWS is coming. NEWS about AERO-IQ…….
NEWS is coming … because there’s now NOTHING else to be done here. NOTHING. Everything is now DONE.
My daughter recently informed me of the FACT that NEWS regarding AERO will be dropping very shortly. As you know, she’s employed by TD Ameritrade in its research department. You should ALSO know that she tried to warn you --- 8 MONTHS ago --- that her company had not placed any DTC Chill on the purchase of ASYI stock. Many of you didn’t believe her, and as a consequence decided that you could not purchase any more ASYI stock
So then … you sat on your hands while people like me accumulated tens of millions of additional shares. Will you continue to sit on your hands now
As I proved on this board several long weeks ago, ASYI once had THREE wholly-owned operating subsidiaries. And that back in March of 2012, it only divested itself of ONE of those THREE subsidiaries; Airline Intelligence Systems (the company that we used to refer to as“AIS). The other TWO wholly-owned CANADIAN subsidiaries were NEVER divested, but CONTINUE to exist and to operate; up to this very day.
The most important of those two CANADIAN subsidiaries (for purposes of this discussion) is Airline Intelligence Systems Corp. It was originally created to handle ALL management aspects of the operation of AIS. When AIS was divested (back in March of 2012), you’d think that there would then be no need for a wholly-owned subsidiary created only to “manage its operations”, eh?
But you’d be wrong … because ASYI kept Airline Intelligence Systems Corp operating … as opposed to divesting it.
BUT WHY? WHAT’S SO IMPORTANT ABOUT THIS LITTLE CANADIAN SUB, EH?
First off, the President, CEO and Board Member of that Canadian sub is none other than Stephen Johnston, the former President and CEO of ASYI (before he resigned in September of 2011). Click on the link below and scroll down to find a reference to Johnston:
http://www.manta.com/ic/mt6172z/ca/airline-intelligence-systems-corp
The Canadian sub was created in 2006 … so for the two short years that he was President and CEO of ASYI (i.e., February 2010 through September 2011), he was ALSO the President and CEO (and Board Member) of the Canadian sub as well … a sub that ASYI elected NOT to divest itself of back in March of 2012.
So when he “resigned” from ASYI in September of 2011, he really DIDN’T resign, eh? He just went back to another room in the very large house that was owned (and paid for) by ASYI. He briefly came out of that room in late September 2011 in order to register AERO’s domain name … and then again a year later when the posters LeCorb and Keech caught him in the act of removing his name from that registration.
BUT THAT’S NOT IMPORTANT … BECAUSE WHAT HE DOES OR DOESN’T DO IS NOT IMPORTANT. ONLY AERO-IQ IS IMPORTANT NOW.
A stream of “Advisors” and “Contractors” have been laboring on the creation and build-out of AERO for TWO FULL YEARS NOW (since Mr. Helman Gosain, the former Vice President of Software-as-a-Service Development (“SaaS”), at Oracle Corporation, first joined ASYI’s “Advisory Board” in the first quarter of 2011, and then joined ASYI’s Advisory Board in September of 2011. He STILL remains on BOTH “Advisory Boards” … however, he has STRANGELY scrubbed his continuing relationship with AERO-IQ … such that there is now no reference whatsoever that he’s been working (and is STILL working) on the AERO IQ project.
It’s equally STRANGE that other software contractors have also scrubbed their affiliation with AERO IQ from their LinkedIn web site pages.
And lastly, it’s strange that Merus Capital has continued --- for 9 long months --- to disable any link to AERO, one of its vaunted “iEnterprise Companies” … the ONLY one of 12 such companies whose link has been disabled.
BUT THAT’S NOT IMPORTANT … BECAUSE WHAT THEY DO OR DON’T DO AT MERUS CAPITAL IS NOT IMPORTANT. ONLY AERO-IQ IS IMPORTANT NOW.
So then … when everyone seems to be STRANGELY now SCRUBBING their LinkedIn pages and their web sites of any meaningful affiliation with AERO IQ … let’s find someone who CAN’T be ordered to do such a deceptive thing. Let’s find someone who is MORE concerned with their INTEGRITY…..
You need look no further than Mr. Peter M. Bowler, the former President and CEO of American Eagle Airlines … who has been, and STILL IS, a member of AERO’s Advisory Board. His LinkedIn web page is very forthright. In it, it clearly indicates the following:
Member of Advisory Board
Aero IQ
January 2012 – Present (1 year 5 months) Toronto, Canada
Advise founder on marketing and growth strategies.
News is coming.
You've got until TODAY'S closing bell to climb aboard this monster for tomorrow morning's earnings call!
I'M IN ... AND THANK YOU WILLIAM48
DANG IS NOW UP 10% GOING INTO TOMORROW MORNING'S EARNINGS CALL!
Come on ASYI. The market's BOOMING. It's SHOWTIME!
ASYI - RIGHT ON Keech!
ASYI was NEVER on any stupid DTC Chill listing. My daughter (who works at TDA) confirmed all that crap MANY, MANY MONTHS AGOS!
And just now think how many would-be traders have been sitting here ... all along ... ASSUMING that they couldn't purchase ASYI. THEY WERE BAMBOOZLED by a completely unsupported RUMOR. And any link that was inserted on this board in defense of the so-called 'Chill, NEVER, EVER, EVER contained any authorized signature from ANY TDA employee supporting the allegation of that so-called "chill".
THE PEEPS WERE STIFFED and HAD!
It's almost as pathetic as it is STUPID.
Somewhere .... true EVIL is giggling.
ASYI - Man-o-man! It's going to be just ...
sooooooooooo WONDERDFUL when the RE-STRUCTURING of this bad-boy is announced!!!
Everything will then immediately fade to black.
Fresh posters will suddenly appear.
Fresh money will be 'up in the house'.
New ideas will then sparkle and glisten ...
As tired accounts become flush with great green STACKS of new money.
And it can ALL now happen ... at any INSTANT going forward ... the way you might turn a light switch on and off. Only in our case, that light switch is going to be in the hand of Merus Capital.
Go ASYI
Go AERO-IQ
Go TWO-FER!!!!!!!!!!!
ASYI - Funny, I hear an AIRPLANE buzzing around...
Several years ago Canada's LARGEST airline (WestJet) tried to create a software program very similar to the JetEngine program designed by ASYI. After pumping $38,000,000.00 into the effort, and with further delays on the horizon, WestJet said it was suspending all work on the project. At the time, WestJet had an internal technology team of over 150 people working on the project as well as about 50 outside "consultants".
They had PARTNERED with the folks who claimed they could design the software. WestJet sat on that company's "Advisory Board".
They invested MILLIONS of dollars into the effort.
Only to walk away in failure.
And guess what?
One of the three FOUNDERS of WestJet is now on AERO-IQ's "Advisory Board" ... and has been for the last two years.
STRANGE. BUT I KEEP ON HEARING THE D@MNDEST "BUZZING" SOUND.
Perhaps it has something to do with the FACT that WestJet is a Canadian publicly-traded company; and Beatty is Canadian; and CEO Stephen Johnston is Canadian; and the inventor of the JetEngine software (Roy Miller) is Canadian.
ASYI - T minus 15 ...
and Beatty gets another shot at a moving target.
Will 'ol 'Dead-Eye-Dick' score this time?
Only the dancing girls know.
Go ASYI and AERO-IQ!!!!!!!!!!
ASYI - Maggie Maggie, Maggie ...
So ASYI's CEO departed ...
And its CFO departed
And it last remaining BOD member departed
And all three of its Advisory Board members departed
And its investor, Merus Capital departed (without his investment)
And its very excellent law firm quit
And its accountancy firm quit
And we, as investors, received not one single 8K filing about any of these dramatic events????
This is America dear ... not the Congo.
Go ASYI!
ASYI - Take the "SCAMMER-TEST"!!!!!!!
We've heard, ad-nauseum, over the course of one full year, how the evil scammers have sucked us dry ... and moved on ... leaving ASYI for dead.
Did you ever once COLLECTIVELY consider who those evil scammers used to carry-out their foul acts?
They used the following people (EACH of whom are STILL involved in this trade):
1. The former Google Vice President for World-Wide Acquisitions.
2. The former Vice President of SaaS Development at Oracle Corporation.
3. The former CEO of American Eagle Airlines.
4. The founder of WestJet Airlines.
5. The brilliant mathemetician, and inventor of the JetEngine software.
Man-o-Man! Those were some REAL GOOD SCAMMERS to fool these people!
LOL!
ASYI –The clock is ticking on Merus Capital…
They want OUT of this trade!
And your suspecions are correct littlebrother1492… Merus Capital NEVER invested $5,000,000.00 in ASYI.
They instead invested that $5,000,000.00 in the privately-held, Washington State company, Airline Intelligence Systems (AIS) and its two co-founders, Stephen Johnston and Roy Miller (who created the JetEngine software).
AIS was founded in December of 2005, and It did not merge into ASYI until March 17, 2010. The company that it reverse-merged into was not ASYI, but a mining company known as Wolf Resources Inc., who changed its name to ASYI immediately after the reverse merger took place.
In william48’s Esquire Magazine article about Merus Capital, that was published on September 30, 2008, the author clearly states that
“Merus Capital has invested $5 million in Airline Intelligence Systems (AIS), which uses proprietary algorithms to improve airline flight scheduling and routing efficiency.”
“Salman Ullah, PhD, Managing Director of Merus Capital, a leading venture capital firm based in Palo Alto, CA, and a key investor in [AIS] commented,
"AISystems has groundbreaking technology with a mathematical foundation that redefines resource planning and scheduling. We are excited to be associated with [ASYI]."
ASYI - Hey Merus, where's AERO-IQ????
Click below ... and be amazed:
http://www.crunchbase.com/financial-organization/merus-capital
Then compare what you've just looked at with what's on the link below:
http://www.meruscap.com/portfolio/
HEY ... YOU'RE DOING SOME DD.
WOW!
ASYI –It's all about “Value” stupid...
I used to DESPISE everything about the ASYI team. I thought that they were liars and possibly even crooks.
But that kind of thinking was and is TOTALLY untrue. They are simply very clever businessmen who don’t want you (or me) to have a piece of what’s going to soon take place here. And that is understandable … because we are ALL greedy, by nature, aren’t we?.
And those very clever businessmen are also people who correctly assumed that very few (if any) of the traders here would ever take the time necessary to read what was officially filed about this trade; and understand the true meaning of those filings.
But for GCS, every single aspect of this TWO-FER trade is clearly layed-out in the SEC filings. Indeed, those same filings exist as a ROAD MAP to this trade.
On May 21, 2012, which was the very last time that its CEO, David Haines, spoke to his shareholders, by virtue of a 10Q filing, ASYI possessed the following ASSETS:
ONE: Almost $28,000,000.00 of available U.S.-generated NOLs … as a result of spending $76,000,000.00 to create, refine and market the JetEngine software over a 4 year period.
TWO: Two wholly-owned operating subsidiairies (and their $3,000,000.00 of Canadian-generated NOLs):
Airline Intelligence Systems Corp. (CANADA SUB#1); and
AIS Canada Services Inc. (CANADA SUB#2)
ASYI had already divested itself of its American subsidiairy, Airline Intelligence Systems Inc. (AIS) on March 9, 2012. That was the company created by its former CEO, who resigned In September of 2011 … and shortly thereafter went to work as the founder of AERO-IQ.
THREE: And ASYI also possessed Its “core-assets”, which consisted of highly-valued intellectual property that included the JetEngine suite of complex mathematical algorithms that were invented by the brilliant mathmetican, Roy Miller … who also went to work for AERO-IQ after ASYI’s former CEO resigned in September of 2011.
It’s important to remember that those “core-assets” were NEVER “owned” by AIS. They were always “owned” by AIS’s parent, ASYI. Therefore, when AIS was divested, the recipient of that divestment only received the STOCK of AIS … and NOT ASYI’s highly-valued intellectual property.
This can be clearly understood by READING this excerpt from ASYI’s March 17, 2012 10K:
“Divestment of AIS Subsidiary
On March 13, 2012, the Company (ASYI) divested its subsidiary AIS pursuant to a Stock Transfer Agreement (the “STA”) with Rocmar Farms Limited (“Rocmar”). The STA provided for the Company’s delivery of all of its AIS shares to Rocmar in exchange for Rocmar’s delivery of a promissory note payable to the Company in the amount of $100,000.”
No where in the above does it say nor even suggest that ASYI delivered its very valuable JetEngine software, that took $76,000,000.00 and over 4 years to create … in order to receive a promissory note in the amount of $100,000 stinking dollars.
“On November 9, 2011 [ONE MONTH AFTER ITS CEO RESIGNED], ASYI entered into an agreement to assign its last remaining office lease commitment to a third party, and is looking for purchasers of various non-core assets in an attempt to raise capital in order to satisfy its commitments. At that point the Company was focused on maintaining low operating costs, examining avenues to reduce its debt load and pursuing other business opportunities.
ASYI - The apparent 'stupidity' of a hedgefund?
In 2009, Merus Capital invested $5,000,000.00 in the ASYI/JetEngine software start-up. Thus far, it has not received one single dime of returns on that investment. Nor has it sold any portion of that investment, or triggered the liquidation clause for that investment.
On the home page of the Merus Capital website, this is what it says about its investment philosophy:
"We invest in teams that have a clear sense of purpose"
WHO & WHAT WE INVEST IN
Together with that vision, the team must have an exceptionally strong technical foundation and the long-term drive to turn an idea into a world-class business. Our focus is real software solving real problems - we believe that solving problems is of value irrespective of fad or trend and that solving such problems in a scalable manner will lead to the creation of valuable businesses. We call this iEnterprise. In addition to the market and technology assessment, in evaluating each investment, we ask ourselves: “Is it an exciting problem to solve?” and “Is this a team of talented, ambitious people that we would love to work with?”
ASYI - Go to the Merus Capital web site...
and click on the logo of AERO IQ at the top of the page. The following words will appear:
"BIG DATA SCHEDULING SOLUTIONS FOR THE AIRLINE INDUSTRY".
Then think a moment about all the CHAOS that the new Federal budget cuts have caused to the airline industry; throwing their scheduling into a ball of almost DAILY confusion that continues to result in the loss of hundreds of thousands of dollars in bookings, etc.
Then read what those words on the AERO IQ logo say again.
Then smile ... because you own a company that's going to be a SOLUTION.
And then think: is there any OTHER company that you're GOING to own ... that just might be ANOTHER "solution"?
And now a joke: click on your trading platform's "Market Capitalization" icon and run ASYI through it. You'll see that ASYI is presently deemed to have a Market Cap of $66,370.
LOL
ASYI - Now ready for some “RAZZLE-DAZZLE”!
1. ASYI has been completely “restructured” by CEO-Haines. It’s taken him (and ASYI’s two controlling shareholders) over 20 months to accomplish.
2. ASYI’s intellectual property has been transferred to AERO-IQ, which is one of the two Canadian subsidiariies stilled owned by ASYi.
3. ASYI’s 4+ million in debt has been transferred to either AERO-IQ or the second Canadian sub (acting as a “bad bank”) ... and additional stock in either of those entities will be issued to the note holders as additional security for the repayment of their debts, which were originally incurred by the parent company, ASYI.
4. AERO-IQ will be “spun-off” from ASYI, and immediately reverse merge into a shell corporation that we have not yet heard of. It’s publicly traded shares will trade independent of those of ASYI. We will receive a portion of those shares based on how many shares of ASYI we own when the “spin-off” is publicly announced. AERO-IQ will be a BRAND NEW TICKER SYMBOL in our account … and have NOTHING to do with ASYI thereafter. It will trade INDEPENDENTLY of whatever happens to ASYI. It will be the “TWO-FER” I mentioned yesterday … and having this brand new stock will certainly make you smile … as the Big Event will then be about to take place (if not done concurrently).
5. ASYI will then be --- for all practical purposes --- “a squeaky-clean shell”, with no debt, and millions of dollars of tax deferred assets sitting on its balance sheet, awaiting a merger partner; GCS.
6. GCS will then reverse merge into ASYI for its NOLs and the right to issue its own publicly-traded shares. Our accounts will immediately reflect the TRANSFORMATION of our old ASYI shares into the brand new shares of GCS. GCS will then begin to trade in its own right … and ASYI, its corporate name, its officers and BOD members will be terminated and exist no more.
7. GCS will (subsequent to the reverse merger with ASYI) then ACQUIRE a portion of the assets of Forum Mobile Israel, that will then be owned by MKHD. It will acquire those assets with a small portion of GCS’s newly-printed, publicly-traded stock and perhaps a bit of cash. MKHD and Forum Mobile Israel (as well as FRMB) will then exit this trade and not be heard from again.
So then … we are going to be given two entirely separate opportunities to be very happy traders here: we are going to own BOTH the brand new, publicly-traded stock of AERO-IQ (a company that will have a revolutionary new product-set), as well as the brand new, publicly-traded stock of GCS (a company that already has a revolutionary new product set).
We are all going to participate in something that (to my knowledge) has never before taken place in PennyLand. We are going to be the proud owners of a “TWO-FER” … involving two separate companies that will begin their publicly-traded existence having absolutely no debt, and absolutely no competition in their respective niches of the marketplace!
I can wait for that.
I have absolutely no problem waiting for that!
Please! It was YOUR comment that started it!
You said this:
“But nobody knows WHAT’S in the OS”!!!"
You made that precious little comment at a time when EVERYBODY (including me) firmly believed there to be 5 Billion shares in the OS.
As I publicly stated at the time, the sheer naked honestly of your comment hit me like a ton of bricks and caused me to devote over two weeks of research into the issue … ultimately requiring me to read each and every filing ever made by WOLF and ASYI on the EDGAR portal; as well as requiring me to have an excellent understanding of the workings of Schedule 13 of SEC regulations and how they impacted the ASYI trade, and its “FAKE”-dump.
I then wrote a VERY long and highly-detailed post (replete with many links) which set forth my findings … and would now invite you to RE-read it at your leisure (as you no doubt have before).
It’s VERY easy to locate … as it’s the ONLY post I’ve EVER written that contained a public compliment to YOU for the inquisitive power of your thinking (on that day at least).
So look in your “archived postings” tab. I’m SURE you kept of copy (or two) of THAT little baby!
LOL!
Why be "hopeful" when you can KNOW ... by virtue of reading, and reading and reading and reading ... and THEN begin to assemble facts together. It's an ON-GOING process ... with many fits and starts ... many blind alleyways, and moments of great failure. But you begin to reach a point in time when the pieces begin to fall into place ... because there IS no other place for them to fall.
I was "hopeful" until I discovered the $30,000,000.00 of NOLs.
I was "hopeful" until I discovered that the KoolTel deal was fake.
I was "hopeful" until I discovered that the "Dump" was fake.
I was "hopeful" until I discovered that the OS contained no more than 1.25Billion shares (as opposed to 5 Billion shares).
I was "hopeful" until I discovered that ASYI only got rid of ONE of its subsidiaries, and is still hanging onto the OTHER two.
SCREW "HOPE". Trust ONLY that which you personally know by virtue of what you've personally unearthed.
It's a very painful process ... but it brings the relief of KNOWING what you hold.
ASYI - We're getting a "TWO-FER"
AERO is the RESTRUCTURED version of the old ASYI. AERO is a "spin-out" company that took the assets (intellectual property)
from its parent, ASYI. But it's not yet been "spun-out".
The shareholders of ASYI will receive equivalent shares of AERO in order to compensate them for their loss of equity in ASYI. Since AERO is not yet a PUBLICLY-held company, there is no equity stake (i.e., stock) for us to now be given. And nor will we receive any such stock in AERO UNTIL it becomes a publicly-traded company. And THAT is why its presently being protected and NURTURED by Merus Capital, as one of its 12 "Portfolio' Companies.
The NOLs, however, cannot be SPUN-OFF ... and must remain with ASYI.
And this is good, as it GUARANTEES that ASYI has value (in its own right) to a merger candidate.
As does the "TWO-FER" effect: (1) your present shares in ASYI; and (2) "NEW" shares of the "new corporation", AERO IQ.
So it's not "dead".
Hell no.
The damned thing's GROWING!
So tell us then --- in your OWN words, supported by your OWN DD, just what you think might involve "the very bad things" that could happen to ASYI's shares.
We're listening.
You've got our attention.
Now TELL us.
ASYI – You’ve got to REMEMBER that….
1. ASYI has been completely “RESTRUCTURED” by CEO-Haines, whose corporate expertise is “divestiture and corporate restructuring strategies”. He divested the AIS shell a year ago and then began the work of moving ASYI’s “core-assets” over to AERO-IQ, which is a D/B/A name for one of ASYI’s two remaining wholly-owned subs.
2. Any “restructuring strategy” also INCLUDES a “restructuring” of all outstanding DEBT. Do you ever wonder why ASYI’s 4 note holders have managed to remain so quiet … for so long … without having been paid the estimated $4,000,000.00 (plus accumulated interest) that they are owed? This too, was the work of CEO-Haines, and no doubt involved countless meetings, approvals and the sign-off on numerous documents.
3. And all the while, CEO-Haines had to accommodate the concerns of GCS and GCS’s products-launching schedule.
4. So ASYI is now completely dead. In all respects --- except a legal one --- as a result of over a year’s work, it is now no more than a spotlessly-clean shell. It doesn’t even have any debt. It only has $30,000,000.00 of Tax Deferred Assets on its books … and is awaiting GCS to reverse merge into it … which will happen before June 1, 2013.
WILL YOU BE READY FOR THAT EVENT?
ASYI – A Monday Morning Memo to the peeps…
Look at this. This is what they want the peeps to believe:
1. That in September, ASYI had its JetEngline software license yanked, and had to shut down all of its operations.
2. And shortly after that, ASYI’s CEO resigned.
3. And shortly after that, all other corporate officers and employees of ASYI either resigned or were terminated.
4. And shortly after that, ASYI sold-off all of its “NON-CORE” assets.
5. And shortly after that, ASYI sold the remaining period of its office lease.
6. And shortly after that, it divested itself of its Airline Intelligence Systems Inc. subsidiary (AIS).
7. And now our poor little POS lies dead and cellar-boxed … with “nobody home”.
BUT THIS IS WHAT THEY “FORGOT” TO TELL YOU:
1. ASYI only sold-off its “non-core” assets, and not its money-making “core” assets” (i.e., its intellectual property).
2. And ASYI only divested itself of ONE of its THREE operating subsidiaries.
3. And ASYI presently still has TWO of those THREE operating subsidiaries.
4. And ASYI has NEVER sold those remaining TWO operating subsidiaries, because it has never filed an 8K that says that it did.
5. And it just so happens that the two operating subsidiaries that ASYI decided NOT to sell are responsible for doing the following:
From the May 17, 2012 10K:
“providing management services and corporate services to the parent company (ASYI)”
Income tax expense
The Company has net operating loss carry-forwards, including from its Canadian subsidiaries, which are available to offset future taxable income.
From the ASYI 10K, dated May 17, 2012:
“David Haines , President, Chief Executive Officer and Chief Financial Officer
Mr. Haines has extensive experience in the technology sector … and [w]as Vice President Corporate Development for Allied Riser Corporation where he provided strategic advisory services in relation to divestitures and corporate restructuring strategies
ASYI --- A SUNDAY MORNING “BOMB-SHAKER”!!!!!!!!!!!
A VERY BIG SECRET IS NOW EXPOSED:
ASYI STILL owns TWO operating subsidiaries that were not divested back on March 13, 2012. That then means that WE, the shareholders of ASYI ALSO own those two operating subsidiaries! ASYI IS VERY MUCH ALIVE, AND HAS BEEN SECRETLY OPERATING VIA ITS TWO REMAINING WHOLLY-OWNED SUBSIDIARIES!!!!
It was the poster Ahhala who knew this and tried to post proof a couple of days ago. But I (and others) laughed at and scorned his post.. We wondered why he was putting up information about JetEngine when that entire issue had been put to rest well over over a year ago when --- presumably --- the JetEngine software had been divested to Rocmar Farms on March 13, 2012.BUT IT NEVER HAPPENED. IT NEVER GOT DIVESTED, ONLY THE VALUELESS SHELL OF AIS GOT DIVESTED.
Ahhala’s posting caused a COLD, COLD shiver to strick me, and I KNEW that he was onto to something GIGANTIC … something that the “DD-Detectives” here (including me, and william48) missed by a MILE!!!
His post revealed the “end-direction” of this trade … and its final piece of deception … which involves AERO IQ. I got so excited by his find that I spent the next two days druging through the EDGAR filings and associated links.
AHHALA HAS KNOCKED THE SPOTS OFF THIS TRADE!
But first, a little background material so that the unread peeps here can come to fully understand what was uncovered in his post of Saturday:
On December 2005 --- Airline Intelligence Systems Inc. was incorporated in Delaware to further create, support and market the Jet Engine Software. The person who desIgned the software was one of the founders, Roy Miller. The other founder was Stephen Johnston, who acted as its CEO. All of the filing documents refer to this company as being “AIS”.
AIS had two wholly owned private Canadian subsidiaries: Airline Intelligence Systems Corp. and AIS Services Canada Inc. The subsidiaries provided management services and corporate services to the parent company, AIS.
On March 19, 2010 --- Wolf Resources Inc. acquired AIS in a reverse merger. It also acquired the two Canadian subsidiaries.
On March 19, 2010 --- Wolf Resources Inc. changed its name to AISystems, Inc., and its ticker started trading under the symbol that it does so today: “ASYI”.
On March 19, 2010 --- Stephen Johnston left AIS to become the CEO of ASYI.
On May 17, 2012 --- which was the date of the last public filing made by ASYI, it stated that it (ASYI) had THREE wholly-owned subsidiaries:
1. Airline Intelligence Systems Inc. (AIS)
2. Airline Intelligence Systems Corp. (CANADA SUB#1)
3. AIS Canada Services Inc. (CANADA SUB#2)
This is where, in the 10K, that it acknowledges that fact:
“Principles of consolidation
The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, and include the accounts of the Company and its wholly owned subsidiaries, namely Airline Intelligence Systems Inc. (AIS), Airline Intelligence Systems Corp. and AIS Canada Services Inc. All inter-company accounts and transactions have been eliminated on consolidation”
“13. Subsequent events
On March 13, 2012, the Company (ASYI) divested its subsidiary AIS pursuant to a Stock Transfer Agreement with Rocmar Farms Limited The Company expects to recognize a gain from this disposition of AIS.”
ASYI - Think BIG and you're then BIG, longmike...
Think small and you'll be hopelessly caught-up in small-time problems that really don't exist ... LIKE HAVING YOUR CORPORATE STATUS INSTANTLY RENEWED BY THE USE OF THE INTERNET AND A WIRE-TRANSFER OF "SAME-DAY" FUNDS.
But you've been doing a lot of writing about this so-called boog-ga-boo ... so maybe it's a worth a moment or two to discuss it:
When GCS merges into ASYI, it has several options with respect to “curing” that little BS, pip-squeek problem that you raise:
1. It can do what MKHD did and simply pay the $2,745.88 presently owed to Nevada, and be reinstated on the same day of payment; or
2. It can elect to avoid Nevada all together. Indeed, I think that this will be the option it will chooses. Nevada has the taint of “start-up” and “development company” and “penny-scam” and “no revenues” and “shysterism” attached to it. GCS’s interests are located along the energetic Eastern Seaboard (where the NASDAQ is booming), and not the deserts of Nevada; or
3. It can simply ignore any need to have ASYI reinstated ANYWHERE. Why spend money to reinstate something that isn’t going to exist the moment that you merge into it and create your brand new ticker and newly-issued stock for a NEW JERSEY COMPANY THAT IS PRESENTLY IN EXCELLENT STANDING?
As I’ve posted here before (WITH proof), ASYI is NOT a shell company. Therefore, it is NOT required to have duly authorized corporate standing in order to merge with a company that does. It’s entirely up to the company that merges with it. If it’s OK with GCS, then who are we to complain about that decision … a decision better left to its legal, tax, and accounting professionals.
I feel like a mother-hen here. I keep counseling you to “keep your eye on the ball” longmike so that when Mister-Money arrives, he'll stop at YOUR house with some money too.
GCS DOES NOT WANT ASYI.
ASYI IS DEAD.
GCS WANTS ASYI’S NOLS, WHICH ARE VERY MUCH ALIVE.
THAT SIMPLE, 3-PART REALITY, HAS ABSOLUTELY NOTHING TO DO WITH WHETHER OR NOT ASYI IS “DULY REGISTERED” IN RENO, NEVADA … OR EVEN IN WEST BUMFOOK, ANARTICA FOR THAT MATTER. NOTHING TO DO AT ALL.
So then … bottom-line … it’s a DAMNED good way to save $2,745 on GCS’s part.
A SLIGHT CORRECTION TO MY PREVIOUS POST...
The bottom portion of it should have read:
AND HERE'S THE KICKER ...
The MKHD shares in the Claw Back account stay there, available to "compensate" FRMB, IF DURING THE NEXT 24 MONTHS MKHD DOES NOT COMPLETE A MYSTERIOUS " SUBSEQUENT FINANCING".
ANY IDEAS WHO MIGHT BE INVOLVED IN THAT "SUBSEQUENT FINANCING"?????
MKHD - YES Keech, but there's something MORE..;.
I'm probably the only trader here who has taken the 4 to 5 hours needed to crawl through (and understand) the terribly written and obscenely confusing "Definitive Agreement", dated March 19th, between FRMB and MKHD. And I'm sooooooooo glad that I did ... because it contains a couple of BOMB-SHAKERS!
First and foremost, the deal is DEFINITELY going forward this time. Both parties have paid for, and received, the very expensive legal opinions of their respective law firms as to the "kosher" nature of the transaction. That was never required before.
Also --- and even more importantly --- is the fact that the Definitive Agreement uses two separate dates: the "Effective Date", which is March 19, 2014, and the "Closing Date", which is May 14, 2013.
Under the terms of the Definitive Agreement, on the "Effective Date" (March 19, 2013), MKHD was required to
"deposit [with the Escrow Agent, who is MKHD's law firm, Anslow & Jaclin ALL "cash obtained from MKHD's INTERIM FINANCING EFFORTS not ALREADY held by the Escrow Agent."
It's a federal crime to alter a wire-service communication from your broker in order to achieve some gain, when the rest of us are not privy to the original text of that communication.
Perhaps someone at TDA should be alerted about YOU?
Just saying, dear.
Suit yourself dear ... but daughter ALSO said that YOU, in particular, should buy AS MUCH AS YOU CAN AFFORD ... AND AS SOON AS POSSIBLE.
Just relaying a message between two gals, that's all.
That, and the fact that there's no DTC Chill BS. Never was in fact. Just some bumkus rumor designed to confuse the peeps.
You now owe daughter a big apology.