Global Convergence Solutions (GCS)

[FORTY-8]

Please note that August 15th is NOT the "drop-dead" date in this trade.

THE DROP-DEAD DATE IN THIS TRADE IS: midnight, Thursday, August 21st.

ASYI’s 2nd quarter ended on June 30th. It has 45 days from that date to file its 10-Q. That deadline date is therefore midnight, Rocky Mountain Time (as it’s incorporated in Nevada), on August 14th, which is 3:00AM, Eastern Standard Time on August 15th. Assuming that ASYI cannot obtain an extension to file (i.e., an NT 10-Q), due to the fact that’s its already received one such extension earlier this year, the August 15th date is truly a ‘drop-dead’ filing date. Even if it should manage to obtain such an extension (i.e., 5 additional days), we would still have an EXACT fix on its remaining time.

It must, however, be remembered that ASYI is NOT required to file a 10-Q if it is indeed going to merge with MKHD/Global Convergence Solutions, as it will be Global Convergence Solutions who will be required to make a filing in the place of ASYI (but more about that below). So don’t expect ASYI to file that 10-Q and incur the needless $25,000.00 to $35,000.00 cost of doing so … when such a filing would only be superfluous at this late stage in the merger transaction. Instead, ignore ASYI and fully expect a filing by GCS instead.

That particular filing (which will consist of a extraordinarily detailed 8K by GCS) is due within 4 business days of the “effective date” of the reverse merger.

http://www.littmankrooks.com/pdf/NYLJ%207-25-05%20-%20Reverse%20Mergers.pdf

Let’s then fully expect that Beatty and GCS will want to play more ‘mind-games’ with us and delay the announcement to the very last possible moment. So traders should take note that ASYI and GCS may seek to tinker with just what the “effective date” of the merger will be. Since the GCS 8K will TAKE THE PLACE OF the ASYI 10-Q, Beatty may attempt to fool us with a further delay, however short it might be. The ONLY possible additional delay (beyond the early hours of August 15th) that he might be able to achieve is by designating August 15th as the “effective date” of the merger and then obtaining permission from the SEC to delay the filing of GCS’s 8K until 4 business days AFTER that date … which would mean that the ABSOLUTE outside drop-dead date for this entire transaction would be midnight, Eastern Standard Time (as GCS is incorporated in New Jersey) on Thursday, August 2lst. While I do not think that Beatty could obtain such a delay, we should be very aware that he may well seek to get it.


If Beatty manages to pull-off this further delay, it will then look as if (on August 15th) that (1) ASYI elected not to file its 10-Q and (2) would therefore suffer the loss of its OTCBB trading tier status, AND (3) that the merger is not going to take place. Clearly, this ploy will utterly crush the hopes of uninformed traders (of which there are many; far too many in fact in this trade). Therefore, look for Beatty to try and do this. I would try to do it if I were him … and so would you if you really think about it.

AND FINALLY; EXPECT SOMETHING WEIRD IN THIS VERY WEIRD TRADE. SOME FINAL 'SUPRISE' ... SUCH AS A TRADING HALT IN ORDER TO CHANGE THE TICKER AND INCINERATE THE SHORT SELLERS.

Go $GCS!