Aisystems, Inc. (fka ASYI)

[apprenante]

July 19, 2012 deadline? It will come and go!
Many investors eagerly await the July 19 "deadline" in the sincere hope that a merger will be accomplished and ASYI's stock price will then improve. Apparently, they have forgotten similar expectations for the LOI with Birthday Slam:

On December 9, 2011, AISystems, Inc. (the "Company") entered into a letter of intent with Birthday Slam Corporation, an Ontario Corporation ("BSC") (the "Letter of Intent"). Pursuant to the Letter of Intent, BSC and the Company will commence the negotiation and preparation of a share exchange agreement whereby we will acquire 100% of the shares of BSC for a certain number of shares of the Company's common stock. The Letter of Intent may be terminated at the earlier of: (a) mutual written consent of both the Company and BSC, or (b) at 5:00 pm EST on January 15, 2012.

Here is a link to the 8K, which is the source of this text:
http://biz.yahoo.com/e/111214/asyi.ob8-k_a.html

Then, more than THREE months AFTER the January 15 "termination date," ASYI filed another 8K:

Termination of Birthday Slam Corporation Letter of Intent
On April 19, 2012 AISystems, Inc. (the "Company") terminated the Letter of Intent executed with Birthday Slam Corporation. The Letter of Intent with Birthday Slam Corporation was executed on December 9, 2011 and was reported on December 13, 2011 in the Company's Current Report on Form 8-K.

Here is a link to the second 8K:
http://biz.yahoo.com/e/120420/asyi8-k.html

Did anyone -- anyone at all -- see an 8K amending the original agreement to extend the first agreement past January? I certainly did not see such an amendment.

It seems obvious that the high expectations of ASYI's management are sadly misplaced. It also seems reasonable to believe that retail investors in ASYI could easily wait 3 or 4 months AFTER the July 14 deadline before "something" happens (possibly a rescission of the Kool LOI and yet another "candidate" for a reverse merger.

The other possibility -- in fact the other likelihood -- is that ASYI won't last 3 or 4 months after the July "deadline." It seems even more reasonable to expect that after the deadline, ASYI will be at .0001 and no bid.