Artificial Intelligence Technology Solutions Inc (AITX)

[saladbar]

OMVS DD - START HERE

An 8K was filed on February 22nd with little fanfare on a stock with less than 60 followers on iHub, so it went somewhat unnoticed, but it spoke volumes…

Robert Wilson resigned as CEO. Garett Parsons took control of the ticker with 66.67% of ownership and voting rights. He’s been with three other publicly traded companies and this time he will be the lead dog. Here’s to hoping that past experience serves him well.

Click here to read the 8K…

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11873798

On February 27, 2017, Mr. Parson's name appeared on the updated filing with the Nevada Secretary of State's office.

Now, per the 8K… “Effective upon the 10th day after the filing and mailing of an Information Statement required by Rule 14f-1 under the Securities Exchange Act of 1934, as amended (“Appointment Date”), Mr. Wilson will automatically resign as sole director. On such Appointment Date, Mr. Parsons will be appointed as the Company’s director.”

That filing was completed on Friday, May 3rd. You can access via the link here…

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11908203

As of March 08, 2017 the stock is trading at .03 with a total of 17,656,844 shares outstanding, equating to a very small $529,705 market cap prior to any substantive moves by the new CEO. Just to reach a market cap of 1M, this stock will be trading at .0566.

Background of Mr. Garett Parsons

With over 10 years of financial consulting for both private and public equity markets, Mr. Parsons has much experience in the field of asset valuation, funding structures and public release document generation. His education includes a Bachelor of Arts in Political Science/ Economics from California State University Sacramento, Sacramento, Ca. and Associate of Arts in Liberal Studies/ Business San Joaquin Delta College and West Hills College, Stockton/ Coalinga Ca.

Now this is pure speculation, but new CEOs don't typically clean up a ticker and take majority control for no reason. There has to be a plan of some sort coming, otherwise the recent 8K would have been a waste of time. Based on this very small float, below is a chart showing the potential of what could happen with this ticker and the resulting price per share. Again, this is speculation, but it is based on factual data as of March 08, 2017...



On March 07, 2017 the OTC Markets board was wiped clean. The 14f-1 filing indicates a period of ten days before the new CEO becomes officially in place. Look for an update next week at the appropriate time.

Another telling point is that there were convertibles that were due and yet the stock has done nothing but go up with little resistance leading some to speculate that some cleanup has been done to go along with all of the other recent activity.

Regardless, what we have here is a clean, fully reporting company with only 17M shares outstanding that’s being cleaned up nicely for what could be something significant. Invest what you can afford, but definitely consider grabbing what shares you can of this one because if you refer back to the chart above, you’ll see that this could be a monster play for 2017. GLTA