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ASYI is a classic Pump and Dump ...

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mortalmyth   Wednesday, 04/23/14 06:41:59 PM
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ASYI is a classic Pump and Dump ... worthy of being mentioned in this fine forum. Below is a brief summary of the ASYI latest pumped and dumped saga.

In mid-2012, the company issued a PR stating it was no more. They had divested their aircraft engine software efforts, and were now ceasing all their leases and the CEO moved on to another job. It had approx. $8M in debt at the time, so as they were closing the doors they evidently decided to raise the authorized share limit to 5 Billion and enable the debtors to obtain and sell ASYI common shares to get some of their owed monies back.

Over the last two years since then, there have been several observed high volume trading spurt periods. During these periods much conjecture was present to pump up the message boards regarding stories/rumors of potential triple reverse mergers, buyouts and even resurrection. However, few evidently believed in such potential as the share price remained trading in the triple zeros, even on days where over 100 million shares were traded. The stock was and continues to be treated like lottery ticket plays where their is insufficient conviction to bid up the shares. After each of the multiple spurts the stock always arrives at its intrinsic value of No-BID by $0.0001 ASK.

Of course, there's talk of some mysterious entity out there "soaking up" the $0.0001s and slapping the $0.0002s, but that pump job never amounts to anything tangible in actually increasing the share price for any length of time. That's because most fail to realize the entity (or entities) out there isn't doing the buying, they are the previous debtors doing the selling to try and get some of their money back. And, almost all buying is apparently being done by those hoping to score a quick double by buying at $0.0001 and selling at $0.0002. Little do most realize the wall of the debtors ready and willing to sell their shares to meet any and all pump sessions. As that fact is slowly realized, many then decide to sell and break even and move on, only to sell those shares to other hopefuls, who in turn go through the same cycling over time. This phenomenon has been coined by the term "musical shares", and likely speaks much to the amount of traded shares, along with the debtors sells, making up the spurt volume periods over the last two years. So, lots of pumping and dumping going on in this security.

It also has been interesting to watch the board lately, since the ASYI company business license was revoked three weeks ago by the NV SOS, and the SEC is expected to come in at any time and suspend the trading as they haven't been reporting and providing the investing public with material information for the last two years. This is all bringing in an urgency to the "musical shares" game before the clock and music stops. Who will be the remaining bagholders, that is the final question.

Anyway, good day to all.

I am NOT a Financial Adviser. Nothing I post should be considered financial advice. I may be holding a long, short or no position. I am NOT compensated to post on here.
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