Aisystems, Inc. (fka ASYI)

[FORTY-8]

ASYI’s looking even SEXIER for the New Year…

You’ll recall that ASYI spent quite a lot of borrowed money this year on things such as payments to creditors. Much (if not all) of the two previous increases in its authorized shares (from 350M to 550M, and then from 550M to 750M) were earmarked to pay debt holders; as was a much smaller portion of the massive 4.2B AS increase. It also spent a small fortune on professional fees to the lawyers and accountants who were engaged to (1) handle the divestment of JetEngine LLC; and (2) prepare and file the 10-K; and (3) prepare and file the 10-Q. ASYI also tendered its $100,000.00 promissory note to RocMar Farms in the divestment transaction.

The bottom line is that 2012 was yet another miserable year for ASYI’s balance sheet; all those liabilities and absolutely no revenue whatsoever

The ONLY bright spot in such a dark picture is the FACT that ASYI’s net operating losses (NOLs) continued to grow in 2012 even as its day-to-day operations drew to a close. Thus, ASYI now has even MORE available NOLs to offset revenue than it did at the beginning of this year … substantially more!

So then … in a weird and perverse sort of way, ASYI is going to be an even sexier merger candidate in the New Year.

Global Convergence Solutions is DROOLING!