this post has this, is it incorrect? NetINcome 2006 dilluted to include Class B shares = .035per share
(note previous comments of .05-.06 didn't account for class B)
Posted by: morcash
In reply to: None Date:4/17/2007 6:46:30 PM
Post #of 1825
IYSA - 10k Summary
Intelisys Aviation 10k Summary
Defined as a Shell Company per Rule 12b-2
As of 4/12 mkt value = 554,805
O/S 70,679,798
20,288,333 Class B shares exchangeable to common 1:1
Bankruptcy payments setteled in Sept 2006
Back taxes to Canada settled 90days later
Newco bought assets assumed liabilities blah blah blah
Now open to R/M candidate for Shell
Haven't selected one yet but will actively seek out candidate
Meets Definition of "Blank Check" company - could become anything!
Had a working capital loss from operations of 108,969. May need to issue shares in future to sustain operations until a R/M occurs as they have no source of revenue going forward.
Certification of Incorporation allows for : 10M preffered & 100M common
T/A American Stock Trans/Trust Co.
Could possible issue up to 26,775,788 if needed.
NetINcome 2006 dilluted to include Class B shares = .035per share
(note previous comments of .05-.06 didn't account for class B)
3/6/2007 issued a note for $160,000 for professional fees secured by all common shares held by IYSA.
Major holders:
Mohamed Juman 11M
Calif Securities 10M
Pacific Securitieis 11M
Raplh Eisenchmid 14M
Jock English 12M
Total about 58M
O/S 70 - 58 insider = FLOAT OF about 12Million.
This is not a reco to buy! Please do your DD!
