InvestorsHub Logo
Followers 215
Posts 22563
Boards Moderated 2
Alias Born 05/19/2010

Re: China fan post# 74637

Saturday, 10/18/2014 1:21:17 AM

Saturday, October 18, 2014 1:21:17 AM

Post# of 74729
Nope. The commission already made the OFFICIAL DECISION to revoke ASYI. There is no "waiting for a date" anymore. The order was made and the sec just needs to issue its pending order of "FINALITY." 2 of the 7 suspended in that bulk suspension have already been wiped out. 1 of the 7 did respond to the sec and only 4 remain pending final revocation, ASYI being one of those 4.

Per the SEC's August administrative hearing:
"... It is FURTHER ORDERED that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registration of each class of registered securities of AISystems, Inc. (a/k/a Airline Intelligence Systems, Inc.) ... is hereby REVOKED"

" ... If a motion to correct a manifest error of fact is filed by a party, then that party shall have twenty-one days to file a petition for review from the date of the order resolving such motion to correct a manifest error of fact. The Initial Decision will not become final until the Commission enters an order of finality. ..."

http://www.sec.gov/alj/aljdec/2014/id655bpm.pdf

The decision shall not become final until the Commision issue a final decision "today is October 17,2014

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.