week, the stock tried to secure its market position by promotions.The campaign started yesterday, when ASYI was promoted by Penny Players Club and OTC Market Bulls and today the campaign continues. Each of the promoters was paid $100.000 for the campaign, however, the paying party was not revealed. In this way, the total compensation for the promotions hit $300.000 so far and now it is interesting if they will continue. On the other hand, the second question is will the campaign bring the heavy gain to AISYSTEMS?
In any case, the company decided to re-ensure its stock position by producing some hot news on its business. This morning, ASYI reported it was inviting selected airlines, airline industry planners, executives, management consultants and financial analysts to take part in its jetEngineTM BPS Beta Customer Program. According to the announcement, the company believes that when the airlines begin to use the jetEngineTM software, its commercial launch will be successful.
Successful or not, it is yet too soon to be determined, however, the positive news along with the ongoing promotions could pump up ASYI stock price, unless investors are too suspicious to buy it.
AISystems, Inc., formerly Wolf Resources Inc., is a designer and developer of software that offers solutions for strategic airline management. The company began the year with higher prices, though currently the stock has been in a downtrend.[BANNER]
On March 31, ASYI filed a notification for late filing regarding its annual results, while the quarterly ones don’t inspire anyone. According to the 10-Q, as of end-September, 2010 liabilities of AISYSTEMS were about seven times higher than its total assets and the stockholders’ deficit went over $10 million. At the same time, the deficit accumulated during the development stage period has increased to $67 million, excluding the other losses by the company.
The management team claims that AISYSTEMS aims to complete a $5 – $10 million equity financing in early 2011. However, there is no assurance they will be able to raise the necessary funds to continue operations as this could result in significant dilution or a loss of investment to stockholders.
It seems that now it is only the promotions that can push up ASYI stock price, though if the company does not ensure additional capital for its operations its continuation will be placed under a substantial doubt.
