Replies to post #47937 on Aisystems, Inc. (fka ASYI)

[tob999]

I think you'll agree that ASYI, after divesting it's Airline Systems software is now a 'shell'??? Also an audit for previous 2 year's financials can be undertaken by an Audit firm during the RM process?

In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure

http://uk.ask.com/wiki/Reverse_takeover