Aisystems, Inc. (fka ASYI)

[Clutch Cargo]

ASYI – “Show me the MONEY”: The Reverse Merger…

This is the scenario that I have been using in order to give me a very rough estimation as to what sort of return I might expect to receive as a result of a reverse merger happening here.

My scenario STILL maintains that the reverse merger partner will be Global Convergence Solutions because only Global Convergence Solutions has the earnings necessary to make full use of ASYI’s $35,000,000.00 within a certain period of time.

My scenario also STILL maintains that there is no more than 1.25 Billion shares in the O/S. I continue to believe this due to the fact that if there are more than 1.25 Billion shares in the O/S then ASYI will not have the necessary 75% of outstanding stock that must be transferred to ANY merger partner in order to transact a tax-free merger.

MY COMPUTATION:

This computation does not take into account any pre- or post- conversion ratios.

1. Take Global Convergence Solutions’s estimated earnings for 2012, which I believe to be in the neighborhood of $4.5 Million.

2. Add to those earnings ASYI’s $35 Million of NOLs that would appear on Global Convergence Solutions balance sheet as a Tax Deferred Asset.

3. Add $4.5 Million + $35 Million = $39.5 Million.

4. Then divide $39.5 Million by the O/S of 1.25 Billion shares.

5. The result is a PPS of $0.0316 (or a whopping 3160% of what it is right now).

As I’ve noted in prior postings, I would be entirely satisfied (and exit immediately) if the PPS would simply achieve ½ or so of what it achieved when the news was announced about a possible merger with with the SLIME called Birthday Slam … which would be in the neighborhood of $0.015.

Good luck to us all!