AI
Thursday, September 20, 2012 9:13:44 AM
Excellent points! NOLs worth $800K NOT face value.
And verified with someone IN MERGERS and ACQUISITIONS which is exactly the people we are needing to hear from. Not just third hand guessing and FANTASY SCENARIOS that fail time after time.
The IRS doesn't allow 100% write-off so the highly touted $28M in reality is only worth a small fraction. Tack on the company DEBT and the company is worth even less.
It's going to be very difficult to find a buyer to keep this GARBAGE company intact for two years just for that write-off and that is also the reason that ASYI IS NOT A SHELL. It clearly states NOT A SHELL in the 10Q from first quarter. Plenty of CLEAN SHELLS out there that are perfect for any company that wants to go public rather than spending a small fortune to get this NASTY JUNK TICKER SYMBOL back in compliance with the SEC.
As for the KoolTel acquisition ... It wasn't a ruse, IT WAS A FAILURE. Andrew Wells probably got inundated with phone calls then started finding out what a wreck ASYI really is. Beatty probably tried to sell Wells on this painted pig but the make-up melted and the ugly sow was right there for all to see.
And verified with someone IN MERGERS and ACQUISITIONS which is exactly the people we are needing to hear from. Not just third hand guessing and FANTASY SCENARIOS that fail time after time.
The IRS doesn't allow 100% write-off so the highly touted $28M in reality is only worth a small fraction. Tack on the company DEBT and the company is worth even less.
It's going to be very difficult to find a buyer to keep this GARBAGE company intact for two years just for that write-off and that is also the reason that ASYI IS NOT A SHELL. It clearly states NOT A SHELL in the 10Q from first quarter. Plenty of CLEAN SHELLS out there that are perfect for any company that wants to go public rather than spending a small fortune to get this NASTY JUNK TICKER SYMBOL back in compliance with the SEC.
As for the KoolTel acquisition ... It wasn't a ruse, IT WAS A FAILURE. Andrew Wells probably got inundated with phone calls then started finding out what a wreck ASYI really is. Beatty probably tried to sell Wells on this painted pig but the make-up melted and the ugly sow was right there for all to see.
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