Replies to post #62627 on Aisystems, Inc. (fka ASYI)

[Clutch Cargo]

I get 3 posts per day. This is my last one.

Pursuant to SEC and IRS regulations, in order for a SPIN-OFF to be a TAX-FREE event (as opposed to a dreaded SALE of ASYI's assets to AERO), at least 80% of the then existing shares of ASYI would have to STAY with the ASYI shareholders. The other 20% would would be available to be SPUN-Off to the new owners of AERO.

Therefore, when the dust cleared on the transaction, ASYI shareholders would hold 80% of their ASYI holdings and the balance (20%) in AERO shares.

Nothing will have changed ... except HOW the ownership interest in the two companies was divided.

ASYI would trade under its own ticker (or be merged into GCS's new ticker), and AERO would also trade, but under its own ticker.