Aisystems, Inc. (fka ASYI)

[linc2money]

In default with creditors, under certain agreements (that's in Black and White too)

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