Aisystems, Inc. (fka ASYI)

[Clutch Cargo]

Peeps, you've got to READ, because if you do, you'll UNDERSTAND, and then people can't frighten you.

The SEC clearly states that IF a company will file a Form 12B-25 and then, within 5 calendar days, files its 10Q, then it will be DEEMED to have TIMELY filed. In other words, its RETROACTIVE.


Therefore, that filing will not be viewed as late, or untimely or anything but TIMELY filed.

GEEEZZZZZ, how much more clear can that be? The SEC is clearly giving companies a means by which they can AVOID the probationary period for a late filing. Indeed, ASYI has taken advantage of that during the course of the previous 2 years, and has, on each of those occasions, been DEEMED to have timely filed.


THIS SINGLE time however, they have NOT elected to go that route, and because they have not done so, IS OF THE UTMOST SIGNIFICANCE.


So read the 2nd paragraph of this line, AND BE NOT AFRAID.

http://www.chadbourne.com/files/Publication/8c793188-13cd-4b5c-8894-981185b4d15a/Presentation/PublicationAttachment/2a46a74c-d333-46a4-991e-9a3bc2c378f0/WhatLateSECFilersNeedtoKnow_BloomLaw102005.pdf