Replies to post #3022 on Aisystems, Inc. (fka ASYI)

[apprenante]

ASYI was the winner? No, too much DEBT!!
This is a snippet from ASYI's last 10Q:

At September 30, 2011, the Company’s deficit accumulated during the development stage is approximately $72.0 million, and the Company had utilized cash in operating activities of approximately $29.2 million. The Company has funded these losses and cash flows through the sale of equity securities, the issuance of debt and from credit granted by vendors. The Company is also in arrears to certain creditors and in default under certain agreements which may have a material adverse effect on operations or lead to the ceasing of operations.

There is no assurance that the Company will be able to raise the necessary funds to continue operations as envisioned or that such funds can be raised on favorable terms to existing stockholders. This could result in significant dilution or a loss of investment to any current or future stockholders.