Aisystems, Inc. (fka ASYI)

[Penny_God]

Caveat Emptor soon IMHO "CAN YOU SAY DILUTION and more DEBT 1/1/2012 to 5/9/2012, the Company issued a total of 300,512,263 shares of its common stock to three convertible note holders in satisfaction of debt totaling approximately $430,000."

The Company has yet to fully commercialize its technologies and consequently has incurred significant losses since its inception.
The Company has executed a Letter of Intent(no merger yet) with Kool Telecom Ltd. and we expect that this will represent our future business activities IF the merger is successful. NOTE:Birthdayslam back out because of all that debtand ASYI being on the NBB come Monday they will no longer have to report. I would not be looking for a 10Q any time soon. Maybe a Q like ASYIQ

Company's deficit accumulated during the development stage was approximately $71,962,476 and the Company had utilized cash in operating activities of $29,199,495. The Company has funded these losses and cash flows through the sale of equity securities, the issuance of debt and from credit granted by vendors. The Company is also in arrears to certain creditors and in default under certain agreements which may have a material adverse effect on operations.

These factors raise substantial doubt about the ability of the Company to continue as a going concern. There can be no assurance that the Company will have adequate capital resources to fund planned operations or that any additional funds will be available to the Company.

http://biz.yahoo.com/e/120517/asyie.ob10-k.html