Yes and no, more no. The "company" filed amendments with NVSOS to raise their authorized to 750 mil and then 5 billion. That's a requirement necessary to print those shares WHICH THEY HAVE PRINTED (at least some - probably most).
More important, asyi is disclosed as an sec filer. The fact that they are delinquent for well over a year only means that they are late. It does not mean that they needed a bullhorn to alert shareholders that the dilution presses were turned on. The debt left behind was around 8 million dollars and that certainly does not coincide with closing the business doors with far fetched dreams of having a future "acquisition." If there was any remote long shot for an acquisition, asyi would NEVER have let themselves become so grossly delinquent with the sec filings. After all, a sec 12k sec suspension would pretty much end the possibility of an acquisition. Since ASYI is in dire jeopardy of an sec suspension, I would say that it's pretty safe to take an "acquisition" off of the table. If all else asyi belief fail, one just has to look at the last filing from 2012 which clearly states that asyi folded and ended. The defunct asyi has merely become a shareholders' "musical shares" game with no functional company behind the dormant shell.