Replies to post #1862 on Systems America, Inc.(fka SYAI)

[tomvearer]

well we all will have to just wait and see im keeping my shares they acquisition of Bartronics America a year ago so why not s & t only time will tell.

[tomvearer]

read this

http://globenewswire.com/news-release/2012/12/11/510774/10015226/en/Systems-America-Has-Completed-the-Acquisition-of-Bartronics-America-One-of-North-America-s-Fastest-Growing-Data-Warehousing-and-Enterprise-Solutions-Companies.html

[srm4u]

last Interim Financial Report Published: Oct 21, 2012

As of September 30,2012 the Company was authorized to issue
25,000,000 shares of preferred stock.
There are no shares issued and outstanding as of September 30,2012.
The rights,preferences and privileges of preferred stock are as follows

http://www.otcmarkets.com/financialReportViewer?symbol=SYAI&id=92834


Systems America is in Discussions with Several Banks and Debt Funds for Senior and Mezzanine Debt to Finance its Acquisitions
http://article.wn.com/view/2012/08/01/Systems_America_is_in_Discussions_with_Several_Banks_and_Deb/#/related_news

yup, this is why i don't add anymore to my portfolio.
it looks like a hale marry to me, but if they pull this off (merge into 1 company) it could be a large company imo.