As far as the "Letter of Intent" thing goes:
- Most OTC's do it this way.
- Many stocks run, yes, even before the deal is official, on speculation and the potential of what a deal "could" mean IF it DID came to fruition.
As for ASYI not yet "closing" one of their letters of intent, you could look at it two ways:
1) Either they have no intention of ever actually closing one, and are a scam as a few seeming basher sorts are claiming,
OR,
2) Their number is about to come up, they're finally about to hit on one, and it VERY WELL might be Kooltel!
No one knows for sure, so go ahead and plce your bets.
(Personally, I'm gambling on number two.)