Anybody that has has ever watched a REAL merger in progress KNOWS that the listed company's delinquent documents are brought up to date BEFORE a merger actually happens. Filing the documents when they are delinquent COSTS MORE than doing them on time, so, why would ASYI let them lapse?
No doubt the argument would be that ASYI is broke so the FANTASY MERGER company will pay up later. Does that make sense to ANYBODY? If the FANTASY COMPANY has a financially competent CFO then the 10Q would have been posted ON TIME with a simple loan written into a agreement to merge! The 10Q would have been posted ON TIME and include the merger agreement if they were REALLY going to do anything.
Lets go one step further. Why wouldn't Beatty and his Trinity Capital or Ullah and his Merus Capital be more than gracious enough to slip ASYI another 100K or so to stay current since OBVIOUSLY THEY KNOW what's going on! Merus already loaned money and probably wouldn't send another penny down the ASYI toilet. And we know that Beatty and Trinity are in litigation with a charity donation tax write-off scandal so he's probably in deep doo-doo. I sometimes wonder if there is a ponzi scheme going on there.
So, why is ASYI delinquent in their filings? The FANTASY MERGER scenarios are NOT holding much water.