Aisystems, Inc. (fka ASYI)

[Clutch Cargo]

ASYI – That so-called $70,000 convertible note...

for that so-called $70,000 “loan” that ASYI received last year.

We’ve been repeatedly told that the “chief scammer” here is Dynamic Intelligence Ltd., ASYI’s controlling shareholder … and that it planned this whole caper.

Look at this clause that’s taken from the 10K dated March 21, 2012:

On April 20, 2012, [ASYI] received proceeds of $70,000 from the issuance of a $70,000 convertible promissory note to Dynamic, the Company’s controlling stockholder. The note bears interest at 5%, is due April 20, 2013, and is convertible into ASYI’s common stock at a variable conversion price equal to 80% of the market price (as defined) for the ten trading days prior to the conversion date.

Since the “market price” on the “due date” (April 20, 2013) of ASYI stock was $0.0001, that then means that the note was convertible into 700,000,000 shares.

QUESTION: So why didn’t the “chief scammer” dump those 700,000,000 shares into the market?

ANSWER: ASYI never had those 700,000,000 shares available to it to begin with on April 20, 2012 … because those shares, together with 3 Billion more shares, continue to sit in the A/S … where they will be used to satisfy the requirement that ASYI transfer at least 75% to 80% of its outstanding common stock to Global Convergence Solutions in order to complete the reverse merger.

By virtue of having “loaned” ASYI that $70,000 over a year ago (that was convertible into into a whopping 700 Million shares of ASYI common stock more than two months ago … but never actually converted), the insiders have, once again, showed us the UTTER STUPIDITY of the so-called “scam-scenario”.

The truth is that the so-called $70,000 “loan” was merely a gimmick used to make us believe that ASYI was going to use that money in order to complete its 10K and 10Q filings. A stinking $70,000 loan … when ASYI had no problem raising an additional $4,000,000.00 to give to its former CEO, and an additional $400,000.00 to give to its present CE0.

A $70,000 convertible “loan”? Yeah. Right ……………….