I used to DESPISE everything about the ASYI team. I thought that they were liars and possibly even crooks.
But that kind of thinking was and is TOTALLY untrue. They are simply very clever businessmen who don’t want you (or me) to have a piece of what’s going to soon take place here. And that is understandable … because we are ALL greedy, by nature, aren’t we?.
And those very clever businessmen are also people who correctly assumed that very few (if any) of the traders here would ever take the time necessary to read what was officially filed about this trade; and understand the true meaning of those filings.
But for GCS, every single aspect of this TWO-FER trade is clearly layed-out in the SEC filings. Indeed, those same filings exist as a ROAD MAP to this trade.
On May 21, 2012, which was the very last time that its CEO, David Haines, spoke to his shareholders, by virtue of a 10Q filing, ASYI possessed the following ASSETS:
ONE: Almost $28,000,000.00 of available U.S.-generated NOLs … as a result of spending $76,000,000.00 to create, refine and market the JetEngine software over a 4 year period.
TWO: Two wholly-owned operating subsidiairies (and their $3,000,000.00 of Canadian-generated NOLs):
Airline Intelligence Systems Corp. (CANADA SUB#1); and AIS Canada Services Inc. (CANADA SUB#2)
ASYI had already divested itself of its American subsidiairy, Airline Intelligence Systems Inc. (AIS) on March 9, 2012. That was the company created by its former CEO, who resigned In September of 2011 … and shortly thereafter went to work as the founder of AERO-IQ.
THREE: And ASYI also possessed Its “core-assets”, which consisted of highly-valued intellectual property that included the JetEngine suite of complex mathematical algorithms that were invented by the brilliant mathmetican, Roy Miller … who also went to work for AERO-IQ after ASYI’s former CEO resigned in September of 2011. It’s important to remember that those “core-assets” were NEVER “owned” by AIS. They were always “owned” by AIS’s parent, ASYI. Therefore, when AIS was divested, the recipient of that divestment only received the STOCK of AIS … and NOT ASYI’s highly-valued intellectual property.
This can be clearly understood by READING this excerpt from ASYI’s March 17, 2012 10K:
“Divestment of AIS Subsidiary
It’s equally clear that the assets that ASYI started to sell-off after its CEO resigned were not “CORE-ASSETS”, but “NON-CORE” ASSETS (such as office furniture, computers, office leases, printers, and yes, even the damned coffee machine.
This is clearly indicated in the 10K, dated May 21, 2012, which states the following:
QUESTION FOR YOU: How in the hell are you going to “pursue other business opportunities” if you’ve been stupid enough to sell your CORE assets, hmmmmmm? SO ASYI SOLD-OFF ITS COFFEE MACHINE … BUT MADE CERTAIN TO KEEP THE JET-ENGINE SOFTWARE, EH?
YOU BET THEY DID!!!!!!!!!!!!!!
So this is presently how the asset side of ASYI’s balance sheet now looks:
1. $28,000,000.00 of U.S.-generated NOLs.
2. $3,000,000.00 of Candadian-generated NOLs.
3. Two wholly-owned, Candadian operating subsidiaries.
4. AERO-IQ, and any and all of AERO-IQ’s contracts and accounts receivables; and
5. 100% of the VALUE of the re-worked Jet-Engine, intellectual property.
Do you think that the VALUE of all of the above just MIGHT be worth more than ASYI’s $4 Million of note holder indebtedness?
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