Alternative Investment Corp (AIKO)

[Big Brother]

For anyone who follows shells I think this is a good one to keep an eye on, especially since there are some cheap shares available. It has a nice share structure w/ large insider ownership.

Not entirely sure why it is still classified as a shell as the website does show some assets that do not show up in the filings. However, they do mention Basil and Barns which looks interesting. also not sure why they say Basil and Barns has no assets as the 110 acres of land in Bethel, NY would certainly be an asset as the land is worth about $600K.



Note 3 – Acquisition Deposit

Effective April 1, 2016, the Company entered into a Shareholders’ Agreement (the “Agreement”) with Basil and Barns, Inc., a New York corporation incorporated on February 2, 2016, (“B&B Inc.”), Fess Holdings LLC, Basil and Barns LLC and JIF Holdings LLC to acquire 55% of the outstanding common shares of B&B Inc. Under the Agreement, the Company is to invest $1,400,000 including a $600,000 capital contribution for its 55% interest in B&B Inc., a $500,000 3 year loan at 7% interest per annum, and $300,000 line of credit. The Company has also agreed to provide up to an additional $1,800,000 of asset based loans for purchases of new assets as required. B&B Inc. is to acquire 110 acres of land in Bethel, NY which is to be developed into a hotel property. Financial statements are pro-forma financial statements have not been provided herein as B&B Inc. was formed on February 2, 2016 and has no assets or liabilities.

http://aikocapital.com/

http://basilandbarns.com/#basilandbarns

http://www.zillow.com/homedetails/37-John-Bishop-Rd-Swan-Lake-NY-12783/84117477_zpid/