AISystems Inc. (OTC: ASYI) charged out of sub-penny land as the share price of this hot penny stock has gained over 1,300% during the last month. ASYI closed up 25.89% at $0.0141 on an insane amount of volume; 43.55 million. The hot penny stock actually came close to 2 cents during intraday trading topping out at $0.0183. Anyone who was lucky enough to own this at the mid-March levels and sold at that high gained 1,730%. But wait until you find out what this company has a revenue platform.
AISystems had no news reported or press releases to indicate why the penny stock has been so bullish over the last month. More specifically, if you converted each share traded into a dollar and designated it to help reduce ASYI‘s accumulated deficit (71,962,476), there would need to be another day of huge volume similar to Friday in order to get it to 0.
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ASYI Stock Snap Shot:
Market Cap: 2.29M
52 Week High
52 Week Low
Avg Vol (3 month): 110,385
Avg Vol (10 day): 36,200
Shares Outstanding5: 162.72M
Note Well: ASYI negotiated an exclusive licensing right to develop and market a proprietary business platform called jetEngine for the airline industry and
is was in the process of building a software program while simultaneously creating an infrastructure for sustainable growth prepared to enter the commercial stage of its business life cycle.
ASYI received a Notice of non-renewal with regard to this technology license.
On September 7, 2011, Dynamic Intelligence Inc. provided ASYI with a Notice of Non-Renewal, pursuant to an Intellectual Property Agreement entered into by the parties on December 9, 2005. Pursuant to the terms of the Agreement, the term of the Agreement would be automatically and continuously extended in one (1) year increments unless either party provided notice of non-renewal at least ninety (90) days before the end of the then-current term.
Due to Dynamic’s Notice of Non-Renewal, the Agreement will not renew on December 9, 2011.
On December 9, 2011, ASYI entered into a LOI with Birthday Slam Corp. (BSC). Pursuant to the LOI, BSC and ASYI will commence the negotiation and preparation of a share exchange agreement whereby ASYI will acquire 100% of the shares of BSC for a certain number of shares of ASYI’s common stock. The LOI may be terminated at the earlier of: (a) mutual written consent of both the Company and BSC, or (b) at 5:00 pm EST on January 15, 2012.
Birthday Slam is an internet start-up dedicated to helping people have and host remarkable Birthdays. Birthday Slam’s online platform, available at www.BirthdaySlam.com and also on the Facebook platform, will encompass multiple tools and applications that allow users to send e-cards, create wish lists, purchase group-gifts, receive notifications of approaching Birthdays, store details of past greetings and gifts (sent and received) and conduct other, similar activities related to Birthdays. Birthday Slam is currently in the final development stage and expects to launch in multiple languages in Europe and North America in early 2012.
You just can’t make this stuff up. To view the SEC filings for ASYI, click here.
Bottom Line: If you owned the hottest penny stock of the last month, ASYI, and made money, a Birthday Slam to you from us here at AimHighProfits. AISystems is hemorrhaging money like a bleeding pig. The company’s new appointment of Jeff Coe as COO is quite fitting.
Jeff Coe apparently won a startup competition while attending Tiegtens Business College. He used his winning to do his first startup which ironicly is named what you would need to be in order to buy this penny stock: Halfahead.com.Share