ASYI – Quite excellent WarMachine! You’ve solved this riddle!!!
The answer to ASYI’s seemingly bizarre actions during the past 16 months was right in front of our eyes all along … but only YOU saw it! You didn’t “connect the dots”… but it was enough for you to SEE them!!!
IN YOUR PREVIOUS POSTINGS, YOU’VE RELENTLESSLY REMINDED US OF THE FOLLOWING:
1. That ASYI has no employees
2. That it terminated all of its executives except one.
3. That it canceled its office lease.
4. That it sold-off its non-core assets.
5. That it sold-off its office machines and furniture.
6. That it got booted from doing business in Delaware and Nevada because it didn’t pay certain fees.
7. And that it no longer has an active website, nor a telephone line that it answers.
ALL OF THESE ACTIONS ARE ABSOLUTELY TRUE AND STRONGLY SUGGESTS THAT ASYI IS DEAD.
BUT ALL OF THE ABOVE RAISES ONE IMPORTANT QUESTION THAT MUST BE ANSWERED:
If you were one of the two controlling shareholders of ASYI, and both of you got together and decided to do a spin-off, and legally create a brand new subsidiary called AERO IQ, Inc., that would be wholly-owned and 100% controlled by all of the ASYI shareholders … into which you’d immediately begin to TRANSFER all of the valuable assets of ASYI (which only consisted of an older version of its aviation-related software that was now being upgraded by lowly-paid, independent software contractors, working in various 3rd-World countries) …
WHAT WOULD YOU DO NEXT?
THE ANSWER: 10 things:
1. Since you don’t need their services anymore, terminate all of the previous ASYI full-time employees and administrative staff members;
2. Ask your CEO to resign from ASYI, and then make him the CEO of the new subsidiary called AERO IQ, Inc. That will be no problem for him, since he’s also the CEO of ASYI’s two other Canadian subsidiaries;
3. Since you don’t need them anymore, obtain the resignations of all of ASYI’s senior executives … except the one that will take the place of the former CEO (and for a much lower salary);
4. Divest the old and totally useless company known as Airline Intelligence Systems, since it now has no business, or assets, or revenues, or employees.
5. Cancel all of ASYI’s office leases, since all administrative and management matters can be handled by the people who used to handle all of those administrative and management matters anyway … the two wholly-owned Canadian subsidiaries that are still in existence … and for which AERO’s new CEO has also conveniently been the CEO of those subsidiaries as well;
6. Sell-off all remaining ASYI “non-core assets”, such as office machines, equipment and furnishings. Again, you don’t need this stuff. The two Canadian subsidiaries have all the stuff you need in order to run AERO;
7. Disable the ASYI web site … since there’s no reason for anyone to go there anymore; and besides, it’s going to be replaced by the brand new web site that AERO’s CEO registered … just 3 days after you asked him to resign from ASYI;
8. Rig an answering machine to ASYI’s phone line … because there’s not going to be anyone present to take any calls anyway. And besides, the folks at the two Canadian subsidiaries can always monitor any incoming calls and quickly respond to the really “important” ones;
9. Stop paying ANY administrative fees, charges or franchise taxes to any states or municipalities for the right to transact business there … since you’re no longer interested in ASYI transacting business there anyway; and lastly …
10. Do nothing, ABSOLUTELY NOTHING to harm the $37,000,000.00 of NOLs that now sit on the ASYI balance sheet and can be used later on to entice a reverse-merger partner. And that means no bankruptcy; and no going out of business for good; and no reverse split; and no transfer of ASYI”s stock to anyone having a beneficial interest of 5% or more; and no getting rid of ASYI’s other two Canadian subsidiaries, since they also have almost $7,000,000.00 of valuable NOLs on their books that can also be used later on to entice a reverse-merger partner.
AND GUESS WHAT, OLD BOY?
That’s EXACTLY what ASYI has already done … each of the 10 actions listed above! ASYI has clearly shown us EXACTLY (and publicly) what it intends to do: close up active shop, and SPIN-OFF AERO as a brand new, independent, publicly-traded company!
Indeed, had it NOT publicly told us that it had done each of the 10 actions listed above, then a case could be made that it NEVER intended to engage in any spin-off … and I’d be sweating bullets as a result of that silence.
So for all the Peeps who are using their NOODLE in this trade … don’t sweat it!!! ASYI has restructured itself into AERO IQ Inc. that is soon going public … at 80 to 95 cents per share! And the only way that you can own a piece of that bad-boy … is to own a piece of ASYI.
AND YOU CAN TAKE THAT TO THE “BANK!!!!!!!!!!!!!!
