Tearing up Pinkyland scams! Beware the wolves.
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Couple little facts for you.
I never gave a buy or sell recommendation. I leave that to the professionals<lol> and your personal judgement. I may express my personal opinion as to what I might do.
I only questioned pertinent things and asked the questions that others would not. The replies were venomous and vindictive yet few ever addressed the actual questions.
I always wished honest investors to be profitable yet was berated as a basher trying to short or get cheap shares.
Some day your eyes will open. Check back when the crew makes their exit and leaves your head spinning with that WTF look on your face. Don't forget to take a profit! When the crew leave it will be fast and ugly just like the last time.
Profit is never bad but over staying can kill your pocket.
Now delete it before people can read it. I would hate for anyone to get the right idea.
Really? One of your recent posts you said you were "ADDING a couple millions"
Did you write the ASYIE 10K too?
Hate to rain on the parade but I have another question
There seems to be allot of emphasis being put on the 10Q and the feeling that there is going to be some phenomenal news in there that will be a huge boost. The problem I have with that is .... Wouldn't it be criminal to put some much negative information in the 10K then turn around only a couple days later with something totally opposite? Dilution during Q1 was already in the 10K as well as the low sale price of jetEngine and the scary forward looking statements concerning the companies financial situation. Kool merger was left at still in negotiations. What could possibly be in the 10Q that wouldn't get them in trouble with the info in the 10K?
I never understood why people say it's hard to get filled. All you need to do is slap the ask. I mean what's the big deal of buying at a hundredth of a penny higher when you are convinced the share price is going to go up 400%?
Just curious
I agree. It's awful to have people label you when all you want to do is provide legitimate questions that concern the company, and there are many! Blind investing has hurt many small investors who are just trying to make a buck to survive on.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75184980
The reason for the negativity is because I don't see that much positive right now. Very little to be honest. What little positive there is has been more than covered so I don't waste the space rehashing that stuff. Almost nobody is willing to bring up the negatives in fear that it will hurt their investment. I don't play that game. I present what I see the way I see it.
The merger is pending, could be a good thing if they, Kool, are profitable and the terms are favorable. Other than that I don't see what else is good. The company is in dire straights and the merger is not a given until details are hammered out and documentation is signed. Without Kool this company most likely dies a slow death unless the owner steps up and flat out shuts the doors before milking more shareholders. Pure speculation at this point.
Scare, no, get people to question some of the DD and think, yes.
Please don't blindly trust my opinion or anyone elses. Look at the 10K and double check peoples posts against the facts that are on file.
About this pending merger ......
AISystems is supposed to be the one doing the buying. This alone kills the idea that Kool wants ASYIE as a shell. It's in the 10K, worded as them, ASYIE, acquiring Kool-Tel and using Kool-Tels revenues as their only income since the divestiture of jetEngine. <chuckles> The deal is supposed to get done via a share swap in which AISystems gets 100% of Kool-Tel shares for a yet undetermined amount of ASYI(E) shares. So, heres a big question .... how many shares will ASYIE have to print in order to cover a even swap, much less a swap at a premium to Kool-Tel if that's the way the deal were to come about? The DD on here has some pretty high valuations for Kool so at a 1/4 of a penny that is going to be one hefty chuck of dilution and it even states that in the 10K as far as the company possibly needing to do things that are not shareholder friendly.
Do your DD!
I'm not even yet. OOPS! Oh look! I am a shareholder and not short as I have been accused of. That's right kiddies. I own shares and still express a honest concern rather than pumping for gains. Still don't see any major retail interest just MMs running the show.
MMs playing checkers trying to jump each other. You are just the pawns.
Good luck to the honest investors. I hope you make big bucks but remember to trade it not marry it. Still many dangers here!
IF this POS runs today it will be limited because this broke company will sell like crazy in hopes to make a few bucks. People kept warning of dilution but were chastised over it. Now it's there for all to see in the 10K.
Unfortunately the dirty manipulators are the winners in these penny stocks.
.0015 bid on the board People dying to get in LOL
Short count DOWN so the short covering BS is just that.
10K was ugly
BLOOD BATH? JetEngine FAILED & Deals Canceled.
Kool-Tel merger IS NOT DONE(see below)
The Company held a licensing right to develop and market a proprietary business platform called jetEngine™ (“jetEngine”) for the airline industry and is in the process of building a software program while simultaneously creating an infrastructure for sustainable growth prepared to enter the commercial stage of its business life cycle.
The Company has received a Notice of non-renewal with regard to this technology license.
On September 7, 2011, Dynamic Intelligence Inc. (“Dynamic”) provided the Company with a Notice of Non-Renewal, pursuant to an Intellectual Property Agreement (the “Agreement”) entered into by the parties on December 9, 2005. Pursuant to the terms of the Agreement, the term of the Agreement would be automatically and continuously extended in one (1) year increments unless either party provided notice of non-renewal at least ninety (90) days before the end of the then-current term. Due to Dynamic’s Notice of Non-Renewal, the Agreement will not renew on December 9, 2011.
There is no assurance that the Company will be able to raise the necessary funds to continue operations as envisioned or that such funds can be raised on favorable terms to existing stockholders. This could result in significant dilution or a loss of investment to any current or future stockholders. If the Company is unable to raise sufficient funds on the required timelines its ability to implement its vision will be hindered and this could result in the entire loss of any investment in the Company. The Company has limited resources at this time, in the annual financial statements a reference to the Company’s ability to continue as a going concern assumption is rendered, see Liquidity and Capital Resources section below.
It is anticipated that the future activities of the Company will be derived from Kool Telecom Ltd., if the merger agreement is completed successfully.
At this time it is possible that, 1) The Company will not complete sales with potential customers, 2) that those sales will not be completed on terms favorable to the Company 3) that the Company will not have sufficient or the appropriate resources to complete the development of its products 4) that a competitive product will address the needs of the market before the Company is able to commercialize thereby significantly reducing the expected market opportunity, 5) the product as envisioned and developed by the Company will not meet the needs of customer and therefore never get deployed or achieve acceptance in the market place, 6) that the Company will potentially be unsuccessful in completing its acquisition of Kool Telecom Ltd.
INVESTING ON HOPE KILLS!!!
Yeah, now about this latest email.....
Another thing that bugs me is the website business address being a UPS Store. Andrew says it's just a mailing address and "we have an office close to it on Kingston Road". So why be so cryptic as to where this office is? Could you email him back and get a exact address of his business office? I would love to know if it is actually in a business area or his mothers basement.
I am BLOWN AWAY by that supposed email.
One line in particular has me reeling from the sheer magnitude of the statement. "we are small and growing telecom company based out of Toronto. We have customers in Canada and the United States" Then he offers to come install a system?
SHOCKED I tell you! After all the DD on the board making this sound like some global telecom company with huge amounts of money then to see that comment just boggles the mind.
Good grief! I hope I'm wrong for anybody that can't afford to lose their savings. Anybody in should be very wary just as they should with ANY of the pinkys. The 10K better come today and it better be damn good.
Looks like someone seen something that others missed.
"Unfortunately, there are plenty of people selling here in the low .002's."
When trend lines cross at a downward angle isn't that a bad thing? Is that what is refereed to as a death cross? TIA
I remember when .0025 was a strong base. LOL Ah, the memories are fading quickly.
Looks like the big boys have got their next load so they let it go for a little walk. Now they wait for the ask slappers who want to boost the price.
Imagine someone pulling in just 5M shares and flipping them for .0003. $1500 ain't too shabby for an hours work. Do that a few times a day and they have the bills covered. The rest of the month is gravy for them.
Explosions leave craters and debris. Could be a good analogy if the 10K doesn't come or doesn't have substantial content.
I suggest waiting until Tuesday and use a dull hatchet. You may have ALLOT of frustration to work out of your system if the filings don't come or don't come out positive.
Yep! Been trying to tell people that there is no real buying going on. It's mostly been MMs playing the flip for hundredths of a penny game. Sucker in enough to dump on then trigger stops and steal some more for the next flip. Ask is UNDER last sale! Absolutely no retail interest.
A great 10K filed TODAY is the only thing that can possibly help.
Scenario for today: Price increase either by steady walk up or sudden buying at the ask. This gets people starting to post "somebody must know something" and/or "10K leaked and it's great news" and a sudden increase of new members appears to push the excitement. By the end of the day if the 10K doesn't come during trading and have something really good the price may likely be below the close from yesterday.
Just one of a few possibilities. Be careful out there!
New names already popping in this morning :)
Anything but floundering would be nice at this point. ASYIE either needs to just throw in the towel and die or make a move. Still feeling a 10K flop. A company that takes so much time to word a document has to be trying to figure out a way to say as little as possible. Probably working the lawyers and accountant 24/7.
10K will be a yawner, some selling, more MM manipulation, more large sells. Friday more selling. Next week 10Q yawner, more selling. No PRs and the speculators will turn their sights to the drop dead date on the LOI. More grand posts about KoolTel and how wonderful they are a the share price dives.
Hope I'm wrong!
If the 10K doesn't come out the next hold and hope will be the 10Q. Sad but true
Yep, I think far too much emphasis has been put on the 10K for anything more than keeping them current in reporting. If it doesn't then the shift will be to the 10Q. If the 10Q doesn't produce much sought after info and positive financials I feel things will most likely get mighty ugly.
Upside? All depends the details when/if we get them.
One good thing about today, the steady selling isn't happening. The bad thing about the low volume is the last couple times it was followed up by days of much higher volume on a decrease in price.
A juicy 10K would be a welcome sight! A bland 10K could cause some pretty ugly action.
Here we go again! The Q1 10Q IS NOT required to mention ANYTHING concerning the LOI with KoolTel because the LOI came AFTER THE END OF Q1. Only a few people know exactly why the Q1 10Q is delayed and none of them are here unless there is some insider information floating around and that is highly illegal.
Please be careful in your decisions when using message board info for your DD!
Excellent post and based on current FACTS. Thank you.
"inevitable huge run" What is inevitable? The 10K IS NOT required to have anything more than a recap of last year which DOES NOT include anything to do with the supposed KoolTel LOI nor does the 10Q which is due in a couple days also.
IF anything is in there it MIGHT run the price up. There is NOTHING that has to be in there that would cause a huge run.
The REALITY is that the LOI involving KOOLTEL came AFTER the end of Q1 which leaves the door wide open for ASYIE to not mention a single word until mid JULY when Q2s 10Q is due and that is past the drop dead date on the LOI. People should realize the very real possibility that NOTHING happens and ASYIE fades away with everybodys money spilling out of their pockets.
Uh, NITE plowed the stock under and stole a ton of shares to flip for hundredths of a penny. Wash, rinse, repeat. They don't care if it's .0015 or .0005. With the number of shares that they flip the will make money at the expense of every hopeful buyer. They know well that people have a stop loss set at a predictable 10% or so. They knock it down, buy them up, buy a few at the ask to run it up, sell to all the chasers, sacrifice a few shares to sell at bid and drop it again and start all over. Nothing left but dead bodies in the path of the Mongol hoard.
WELL, Maybe not. The delayed 10Q is for the first quarter which ended prior to the LOI and 8K that had the KoolTel event in it. So, it could be yet another quarter before anything KoolTel hits a quarterly report then shortly after the end of the second quarter is the drop dead date on the LOI. The only probable event most likely to happen in the next couple days is the D getting dropped from the ticker then the 10Q getting filed to finally be up to date till end of Q2. Still a extremely dangerous situation right now.
Just being realistic.
Just be fully aware that the pending 10K MAY NOT and IS NOT required to contain anything concerning events after the end of 2011. It would be great if it answered all the questions that are floating in limbo but don't depend on anything involving KOOL-TEL being in there. COULD but not mandatory.
Tread lightly!
The ONLY positive spin I can see with the NT-10Q is that they didn't want to get slammed for not filing the form which MIGHT be a good sign that we get the 10K before deadline. Or it's just smoke and mirrors. LOL
"make additional disclosures" could easily mean something that isn't good also. People can't read too much into 3 very dangerous words. It would be nice to see this thing go parabolic but nobody, in my opinion, should be going all in on that unless they have the money to lose without it adversely affecting their life. Big time gamble here
Do you have a link to the SEC regulation that would support that?
Thanks in advance
Don't invest what you can't afford to lose. It's a shame what these penny stocks and the people that run them can do to people hoping for massive gains and only seeing their last savings go into some crooked CEOs pocket. Is ASYIE one of them? Few may know for sure but you won't find out here.
Good luck!
My issue is that even if the conversation took place and he spoke those words the whole thing is totally deniable and unprovable. Not saying that you aren't telling the truth but what if he wasn't. He could say anything and there is no documentation linking him to anything. I just couldn't trust someone who lets his companies shareholders lose so much capital. It wouldn't be the first time that a company exec. BSed his shareholders for personal gain. Only time will tell.
Have you found anything more than the initial LOI and 8K to confirm if this deal is actually still on? Would be nice if the company would at least drop a PR to support the share price instead of letting it backslide.
Please provide some documentation that the company sold the product either outright or to customers. How much was it sold for and what was the alleged profit? If there is a legal hold-up then it hasn't been sold yet, right?
Can you direct me to some information that says a 8K can be avoided by putting information in a 10K?
Thanks in advance. I am really curious and would appreciate your clarification in these issues.
If this is true then that would alleviate the negativity on this company. No doubt you would want to share this with everybody ASAP.
Thanks again.