Tearing up Pinkyland scams! Beware the wolves.
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This channel may close out soon and go lower. Maybe like .0008-.0009 lower and .0011-.0012 upper
Must be nice!
Buy companies and restructure every two years like these guys do, pay yourself to ruin shareholders value, just print more shares when the bills come due, What a scam and apparently legal! Of coarse they are based in Nevada. Home of Harry Reid! LOL
NOPE! Last dilution from 300K to 750K was only mentioned a month and a half after it took place. Look at the Nevada web site and see that the increase to 750K was done in April but nothing to the SEC until the 10K/Q filings in May. Thse new 4.25 BILLION shares added are official in the Nevada filings. And don't be fooled by anybody stating exactly what they will be used for because NOBODY has any documentation to prove their statements. PURE SPECULATION.
The only fact that we do know is that they are out there and can be used however the company decides. The last shares used to pay debts were put out there without our knowledge and it could well be happening with any of the authorized shares.
Another one sees the light.
We'll have to see if the pop and drop team pays a visit later. Watch for increased chatter on the board. May be good for a few hundredths of a penny if you can sneak in a few sells before they get done.
Somebody gets it!
"ASYI is technically buying Kool Tel not the other way around; however it is pretty clear that the Kool Tel business will be the surviving entity"
If it goes through then we'll see if it turns out like the last two failed acquisitions in the past 4 years. So far they seem totally inept when it comes to running a business. So much for the Kool-Tel buying a shell for the tax write-off theory. lol Such a shame that we don't know if Kool-Tel is even a profitable company at this time. Just allot of guessing going on as to their financials.
Go check all the filings on the SEC site and see when Ullah was last mentioned in any of them. Bloomberg site states that the information is correct as of the last definitive proxy .... when was that? I repeat, nobody knows if Ullah is still associated with AISystems. And all that without a caps lock on. lol
Yep, you aren't going to answer that just keep making accusations. lol
Ullah was brought in on a advisory panel for jetEngine 2 years ago. Is he still around AISystems? Nobody knows for sure.
*YAWN* Still no PR, 4.25BILLION new shares authorized per filing in Nevada, still in debt, no income. Lower lows and lower highs has been the trend
In my opinion the only reason that this popped today was a group of flippers jumped in for a quickie. The board population and chatter picked up around 1:50 and the price followed soon after. Typical of what it did last time before it tanked for a week. If the momentum is there, play it but be careful holding too long.
Lower highs lower lows. The down trend is still going. Needed to break above .0018 from Friday but failed again despite the "source" LOL
Yep, the new 4.25 BILLION additional shares killed it Friday. Only the obvious pop and drop pushed it green this afternoon. See where it closes
Where are the PRs that were expected last week? Waiting for those got us down to .0013.
The charade being played on unsuspecting investors about a 8K announcing the A/S increase before it's valid will never happen either. The last increase to 750K on never showed up on any company forms until 05/17/2012 a month and a half after it was filed in the State of Nevada on 04/05/2012.
5 BILLION SHARES hanging around our neck and when they decide to push the knot up it may just choke us.
Sure would like to see some documentation showing KoolTels revenues that keep getting tossed out here. Any idea where we can see this fantastic revenue stream?
Didn't you attack me when I questioned the authenticity of said phone conversation yet now you say "we all know was a lie"? Does that mean that you were involved in propagating a lie?
You see kids. The curtains are being pulled back and the Wizards of Oz are being exposed.
Only 2 days left after today ....
to keep their record in tact. Looks like the owners have a thing for changes in May every 2 years. LOL
Formerly=Wolf Resources, Inc. until 5-2010
Formerly=Cantop Ventures, Inc. until 5-2008
Build'em and kill'em
Isn't ETRF ETrade? They are just the clearing broker, correct? Which would mean ETRF is just processing retail short positions if that is the case. Must mean ALLOT of people don't think much of this company.
Will we get another MULTI BILLION A/S increase today?
This from Friday A/S now 5 BILLION.
Was 750 Million. MASSIVE INCREASE
Link to Nevada site, Nevada is where this company is registered
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=AGsRuMnJ8g%252f1CZ4A213Mtw%253d%253d&CorpName=AISYSTEMS%2c+INC.
A "press release" on a site that anyone can create free "press releases" on and the "press release" was posted by a blog that just started 05/19/2012.
I think I'll pass on doing my investing based on that but thanks anyway. LOL
Why would KoolTel let ASYI buy it cheap when they can go buy a cheap shell and go public on their own?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76027001
WOW! 4.25 BILLION additional shares added Friday at a par value of .001 equals $4.25 million. So Kool is selling ASYI a company for a tiny fraction of what it the company takes in? LMAO! Somehow I just doubt it.
SEC filings follow. Is the State of Nevada lying? Don't be fooled people!
A/S 5 BILLION SHARES can be dumped into the O/S with the flick of a pen just like they did to shareholders in the first quarter of this year with the previous increase.
Funny you speak of speculation but never contradict positive speculation such as the fantasy guess of Kool having a $60M revenue stream. Why is that? Very curious.
Increasing O/S no matter how they do it is dilution of share value. No way around that. Even if they are restricted shares when issued they WILL dilute when sold. Can't beat FACTS.
The reply to this is out of context and false
Was a 8K filed when ASYI raised the A/S to 750,000,000 or did that number just magically appear in the 10Q/10K filing?
Is a official state of Nevada site lying about the company filing the increase?
5 BILLION SHARES = MASSIVE DILUTION
No answers? Thought so.
A/S INCREASED TO 5 BILLION SHARES as of this past Friday afternoon for those not aware of it. Did anyone happen to notice what the multiplier was from the previous amount? 6.6666666666 lol
Link to Nevada site, Nevada is where this company is registered
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=AGsRuMnJ8g%252f1CZ4A213Mtw%253d%253d&CorpName=AISYSTEMS%2c+INC.
I hope they don't start dumping these straight into the market!
Now that looks interesting even if it is just a notice that the LOI event happened. I took a shot and emailed them. I asked it there was any additional information available. See if they reply.
Another fishy KoolTel issue.
Go to their current Facebook page
http://www.facebook.com/pages/KoolTel-America/130070723708654?sk=info
Then click on the link provided for KooltelAmerica.com
http://www.kooltelamerica.com/
Look at the left side and notice the Special Offers and Latest Company News. The scrolling information is dated early 2008! LOL
And it won't be my fault. GO ASYI! lol
Yep! 100% sure that the A/S IS raised to 5 BILLION shares. I didn't trust the original post and I did go find it on the Nevada site since this company is registered in Nevada. I won't post a link, that has been done already. People should go see for themselves. That information IS verifiable for anybody that is actually interested in seeing facts.
Nope! Not going to call Andrew because I wouldn't know if it is actually him nor would I take anybodies word to be fact via a short phone conversation. As I said before, when it's documented I'll believe it. Anything else is hearsay and speculation.
Trade it don't marry it.
.0013 is the FACT
Considering the previous supposed conversation with Andrew resulted in a 50% haircut of the share price I don't think anyone should consider this one to be so great either.
A claimed conversation is more dangerous than silence.
And you are correct in the fact that giving out this supposed information would be quite the legal error on Andrews part. Would someone who is allegedly so intelligent actually do this?
Not getting hopes up that's for sure.
Yep. I couldn't in all honesty try to disprove that a conversation exactly as stated took place but I certainly will not believe any of it until such events take place and are on legal documents for all to see.
.15 would be awesome! Only time will tell.
WEBSITE DOWN FOR MONTHS Nothing new there! It was down before the Kool-Tel LOI was signed. Don't be fooled by the rhetoric.
What changed other than a massive increase in A/S hanging over our head? With a simple agreement by the people in charge every single one of those shares could be available to dump into the market. They did it to us in the first quarter and nobody seen it until the quarterly statement. Until they tell us where, when and in what form these shares get used it will be a very scary situation for true long shareholders.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75847717
Yeah, ok, seen that reposted numerous times and still don't see the point.
Nowhere to be found, yet, is a release of any kind stating what form these new shares will be issued in nor does anyone know how many are going to be put out, for what purpose and when they might hit the market.
Never the less dilution by any other name is still dilution. Even if they get used for the share swap to purchase Kool-Tel and even if they are issued as restricted the number issued will be dilutive to the current shares.
Other uses: Could be outright dumped into the market to raise cash, could be issued to creditors who dump them into the market for cash, could be for dumping during the rumored promo or given to the promoter as payment which would be dumped into the market.
Too many potentially share valuation destructive uses. If the merger goes through Kool-Tel better be well worth the cost or shareholder will yet again pay dearly for trusting the people running this time bomb
I guess it only stands to reason that people who are negative must be doing it for their own benefit, just like the people talking positive in the light of terrible filings must be trying to gain from it.
Or maybe the people that hate the negative comments are actually company shills trying to get the best price out of unwary investors because they work for the fund dumping shares.
Yeah, that's the ticket! Sound rational to you? LOL
Give it a rest.
If you wouldn't mind ... please list the people that are not shareholders that post on this board and where you derived the information from. Thanks Looking forward to learning more
You don't understand my question? Really? It's pretty clear. You said people who don't own the stock are bashing and you wonder why. I was asking who those people are since you know they are here.
Exactly the problem. The company filed the papers in Nevada yesterday and never put out a PR to let us know what was going on. Nothing new there!
Now the debate, rants, raves and accusations are flying as to if/how/when those shares will enter the market and in what form or terms.
Until then the slug fest rages on.
Nice dream I guess but nobody knows where it goes until it happens.
I was just trying to be reasonable concerning UNKNOWN valuations and the numbers that people are throwing out there like it's some factual DD. Heaven forbid anybody actually trying to have a sensible civil discussion.
You don't seem to understand what happens in a reverse split. The share count is decreased so the share price goes up accordingly but the shareholder value does not change.
If you have 100 shares @ $1 current trading price then your account reflects $100
If the company does a 1 for 100 R/S then you will have 1 share @ $100 value so your account will still be worth $100. Zero benefit for the shareholder as far as face value is concerned.
In bad pennyland this is usually a act of desperation. A thriving company may do this to get their price high enough to uplist onto a bigger exchange so funds can buy into them.
Yep, sure have. Price went to zero and it sat there for quite some time then one day I get a notice that the company is dead and my shares are gone. I never tried to sell them because the trade would have cost more than the return. lol The other thought was that maybe the shell would get picked up and BOOM. In the end I was nailed for a handling fee to close out those shares so it actually cost me more than dumping them at .0001
But still the price point is the question.
1) If this share swap is the entire 5 Billion at par .001 then Andrew at Kool-Tel accepts only $5 Million for his company. Is that a good thing?
2) If Kool-Tel is worth $50 Million as some have stated and ASYI has to come up with the balance for the share swap then will there be another 45 Billion shares added?
3) Even if any additional shares are added after a merger, if it happens, it's still going to dilute the share value. Dilution is dilution no matter how it's painted.
Looks to me that no matter how it happens the shareholders will get screwed.
About the only good thing that could come out of this would be for ASYI to get Kool-Tel under it's wing at a screaming price or at least a fair price with Kool-Tel having a great revenue stream.
Until any information is released to cover these questions the whole thing stinks of death in my opinion. It's all a guessing game right now.
Well the problem there is that the value of 5 Billion shares at a par of .001 is only $5 Million. Has Kool-Tels worth been overstated on here?