Aisystems, Inc. (fka ASYI)

[my2Mustangs]

ASYI had to PAY Rocmar Farms $100,000 to accept the AIS shares?!?!?

Quote:
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On March 13, 2012, the Company divested its subsidiary AIS pursuant to a Stock Transfer Agreement (the “STA”) with Rocmar Farms Limited (“Rocmar”). The STA provided for the Company’s delivery of all of its AIS shares to Rocmar in exchange for the Company’s delivery of a promissory note payable to Rocmar in the amount of $100,000. The STA also provided that the Company agreed to be responsible for certain liabilities (approximately $3,130,000 of notes and loans payable, including approximately $1,976,000 due to the controlling stockholder of the Company, and approximately $2,004,000 of accrued compensation) of AIS.
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Here is a link:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8630548

ASYI admits their "product" was such a disaster that they had to PAY someone to take it off their hands -- AND they had to retain all of the debt that was associated with its purchase and "development"! Sounds as if ASYI not only paid Rocmar to receive the AIS stock, but ASYI also continues to be responsible for ALL of the preceding debt! That doesn't sound like as good deal for the investors at all, but it helps me understand the reasons for the HUGE A/S increase, the devastating dilution, and ASYI's totally tanked stock price, which has occurred in such a short time.