Replies to post #37799 on Aisystems, Inc. (fka ASYI)

[CarloRoberts]

Just another typical share selling Pinky ASYI scam.

[Power of Emouna]

Execution of Letter of Intent with Kool Telecom Ltd.


Quote:
On April 19, 2012, the Company entered into a letter of intent with Kool Telecom Ltd. (" Kool ") (the " Letter of Intent "). Pursuant to the Letter of Intent, Kool and the Company will commence the negotiation and preparation of a share exchange agreement whereby we will acquire 100% of the shares of Kool for a certain number of shares of the Company's common stock. The Letter of Intent may be terminated at the earlier of: (a) mutual written consent of both the Company and Kool, or (b) at 5:00 pm EST on July 19, 2012.

My understanding is that the LOI can be terminated:

a)Before July 19, 2012 by a mutual written consent.

Or

b) At 5:00pm EST on July 19, 2012.

The only way it could extend pas July 19, 2012 @ 5pm is, if they amend to the original agreement. Otherwise, it will automatically expire by July 19 @ 5pm.