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CGardener

06/17/13 10:14 AM

#63112 RE: Clutch Cargo #63110

"PROCEEDING AHEAD WITH THE DEVELOPMENT OF THE JETENGINE SOFTWARE" -- Really? And how was it paying for that?

"At March 31, 2012, the Company had no cash and negative working capital of 8,087,704."
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WarMachine

06/17/13 9:24 PM

#63120 RE: Clutch Cargo #63110

Oh here we go again. It's fun with words and context time again.

Let us examine the ENTIRE thing as a whole

from Pages 14-15

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.(AS WITNESSED IN THE MASSIVE SHARE INCREASE AND DILUTION) This could result in significant dilution(SEE! TOLD YA) or a loss of investment to any current or future stockholders. If the Company is unable to raise sufficient funds on the required timelines its ability to implement its vision will be hindered and this could result in the entire loss of any investment in the Company.(STILL HANGING OVER YOUR HEAD LIKE A SWORD) The Company has limited resources at this time, in the annual financial statements a reference to the Company’s ability to continue as a going concern assumption is rendered, see Liquidity and Capital Resources section below.

It is anticipated that the future activities of the Company will be derived from Kool Telecom Ltd., if the merger agreement is completed successfully.(OOPS! NOW YOU'RE IN TROUBLE!)

At this time it is possible that, 1) The Company will not complete sales with potential customers(OF WHAT? Just before this in the 10Q they said jetEngine was GONE so that leaves the KOOLTEL deal that NEVER HAPPENED), 2) that those sales will not be completed on terms favorable to the Company(MOOT since they have NOTHING to sell) 3) that the Company will not have sufficient or the appropriate resources to complete the development of its products(MOOT already BROKE and NOTHING TO SELL) 4) that a competitive product will address the needs of the market before the Company is able to commercialize thereby significantly reducing the expected market opportunity(MOOT duh! They already said they HAVE NOTHING), 5) the product as envisioned and developed by the Company will not meet the needs of customer and therefore never get deployed or achieve acceptance in the market place(DAMN they know how to ramble on about NOTHING), 6) that the Company will potentially be unsuccessful in completing its acquisition of Kool Telecom Ltd.(THERE IT IS! The entire paragraph was BETTING ON AND MAKING EXCUSES FOR KOOLTEL)

DD FOLKS! Reality is that ASYI was 100% dependent on the KoolTel acquisition to stay alive.