Asyst Technologies, Inc. (fka ASYTQ)

[trader53]

ASYTQ's shares are NOT permanently deleted !!


ASYTQ is now considered a "Public Shell"


You haven't seen the last of ASYTQ >>>

The recent deletion of ASYTQ from the OTC Pink Sheet market, is more than likely a strategy employeed to benefit the "Reverse Merger" between Crossing Automation and ASYTQ.

Finra has said that someone initiated a request to have the stock deleted.

That someone could have been someone connected to the plan of this R/M.

Finra has also said, that the shares could easily be relisted by the filing a Form 211.

Once this happens, Market Makers will jump on it, and again make a market in these shares.

Crossing Automation could file this form, especially if they own the shares of ASYTQ, by way of a behind the scenes "Asset/Share Purchase Agreement" that very well may have taken place behind closed doors.


The Reason for a "Reverse Merger" with Crossing Automation


ASYTQ A "public shell"

The shareholders of these companies have often purchased their shares at a cost far in excess of the current market.

Shareholders often find it necessary to initiate the "reverse merger" process as the directors and managers usually leave the company. Since prior management has often caused the problems, they are usually not in a position to negotiate settlements with the creditors which are necessary to clean up the "shell." Shareholders are left with their shares which are worthless unless they take the initiative, call a shareholders meeting, elect a new board of directors, and look for a merger candidate which will enable them to recoup some if not all of their original investment.


A "reverse merger" is one where at least 51% of the ownership interests of the private company (Crossing Automation)is acquired by the shell company (ASYTQ) in a transaction where at least 51% and sometimes up to 90% or more of the shell companies stock(ASYTQ) ends up in the hands of the shareholders of the private company (Crossing Automation) at the conclusion of the transaction. The "shell" company (ASYTQ) is the survivor because only its shares have the right to trade in the public market but the shareholders of the private company(Crossing Automatio) are now in control. They can then change the name of the company to the name of their company and elect their nominees to the board of directors.

Sometimes companies have cash remaining as an asset(ASYTQ has $18 Million dollars in cash) when the other assets or business has been sold and on occasion the issue less than 50% of their shares to acquire all of the stock of the private company. These are not "shell" transactions but mergers or acquisitions depending upon the structure.


Nearly half of the U.S. companies listed as public over the last five years, did so through "reverse mergers".

The below listed links will supply you with the ability to keep an eye on the news events as they unfold.

Also, the Operating Report by the Trustee, is still due around October 22nd.

ASYTQ is still in CH.11 protection.
They have not emerged yet.
Lots can happen between now and when that time comes.


http://www.canb.uscourts.gov/judges/lafferty/calendar

http://dm.epiq11.com/ATI/docket/Default.aspx?rc=1

http://www.scouler.com/?s=asyst+technologies

http://www.crossinginc.com/

http://reversemerger.dealflow.com/

http://www.investorpoint.com/news/MERGERAC/



These ASYTQ Insiders own the most common shares

Top Insider Holders

Name >Position >Reported >Total Holdings

Bonora, Anthony C Officers -------------------- 716,393
Schwartz, Stephen S Officers ------------------ 714,456
Joy, Ken E Beneficial Owners ------------------ 610,216
Oleary, D Beneficial Owners ------------------- 610,216
Menlo, Venture Partners Beneficial Owners ----- 610,216
Montgomery, Henry Dubose Directors ------------ 610,216
Menlo, Management Partners Beneficial Owners -- 610,216
Bredt, Thomas H Beneficial Owners ------------- 610,216
Carlisle, Douglas C Beneficial Owners --------- 610,216


Asyst Technologies Inc: Insider Trading http://www.secform4.com/insider-trading/909326.htm