This is topic IYSA(.01) R/M ALERT- REVERSE MERGER PER CEO- LOOK INSIDE in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
IYSA(.01) R/M ALERT- REVERSE MERGER PER CEO- LOOK INSIDE Posted by: sonslong In reply to: None Date:4/17/2007 12:43:50 PM Post #of 44077
New shell - IYSA -clean! I verified with the the CEO of IYSA that this is a clean shell and they will be actively pursuing a RM candidate. The CEO also owns 12 million shares himself. The filing will be out today, just not sure if it will be before or after the bell. All filings will be kept current while actively pursuing a RM candidate.
Further 10k coming out today to show revenues which equates to around .06 pps with 4+million $ and OS is around 70 million for this
Posted by stocktrader22 on :
Oh what the hell.....havent played a true penny for a while, through some cash in for the hell of it.
Posted by stocktrader22 on :
Regardless of R/M
with this going to show a profit in the 10k coming its worth way more than a penny and some.
Posted by stocktrader22 on :
suprised no one else is potenitally interested.
Posted by tompom on :
i got some yesterday already still waiting for these filings to come out...
Posted by stocktrader22 on :
looks like you are ahead of the game...
Posted by stocktrader22 on :
by the way scottrade can't buy online cuz its restricted...just wait Posted by stocktrader22 on :
Really starting to take off here.....
Posted by jos_tul on :
Up 60% so far today. Waiting for the 10k by tonight. If it comes tonight and 4million$ income is in there and any mention of RM as CEO spoke earlier, there might be a gapper...GLA
Posted by stocktrader22 on :
I think the 10K comes out on the 20th IMO
Posted by jos_tul on :
Posted by: icu812 In reply to: Jim Bishop who wrote msg# 1793 Date:4/17/2007 4:29:14 PM Post #of 1805
In 2006 IYSA filed an NT-10K on 3/31/06. They then filed their 10KSB on 4/21/06. On 4/2/2007 IYSA filed an NT 10K What makes people think the 10KSB is being filed today instead of around 4/20/07? Wouldn't a 4/20 date be closer estimate based to their pattern of filings in 2006?
10KSB [html][text] 202 KB Optional form for annual and transition reports of small business issuers [Section 13 or 15(d), not S-B Item 405] Acc-no: 0001172665-06-000178 (34 Act) 2006-04-21 000-26777 06771102 NT 10-K [html][text] 13 KB Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 Acc-no: 0001137171-06-000780 (34 Act) 2006-03-31 000-26777 06727134
NT 10-K [html][text] 18 KB Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 Acc-no: 0001137171-07-000437 (34 Act) 2007-04-02 000-26777 07737179
Posted by: morcash In reply to: icu812 who wrote msg# 1803 Date: 4/17/2007 4:36:24 PM Post #
Someone talked to the company and was told it would be done by end of business today. I beleive the post was from Sonslong.
Posted by T e x on :
lol, *I* posted the 10ksb...was particularly mentioning imports from "other boards," but really it's just generally good policy... Posted by stocktrader22 on :
Would love to see .03 tomorrow!
Posted by jos_tul on :
Looks like it might gap ..lets see
Posted by jos_tul on :
Now open to R/M candidate for Shell Haven't selected one yet but will actively seek out candidate
Meets Definition of "Blank Check" company - could become anything!
Had a working capital loss from operations of 108,969. May need to issue shares in future to sustain operations until a R/M occurs as they have no source of revenue going forward.
Certification of Incorporation allows for : 10M preffered & 100M common
T/A American Stock Trans/Trust Co. Could possible issue up to 26,775,788 if needed.
NetINcome 2006 dilluted to include Class B shares = .035per share (note previous comments of .05-.06 didn't account for class B)
3/6/2007 issued a note for $160,000 for professional fees secured by all common shares held by IYSA.
Major holders: Mohamed Juman 11M Calif Securities 10M Pacific Securitieis 11M Raplh Eisenchmid 14M Jock English 12M
Total about 58M O/S 70 - 58 insider = FLOAT OF about 12Million.
Posted by tompom on :
quote:Originally posted by stocktrader22: Would love to see .03 tomorrow!
.03 is my target too
Posted by jos_tul on :
quote:Originally posted by stocktrader22: More info from ihub:
IYSA - 10k Summary
Intelisys Aviation 10k Summary
Defined as a Shell Company per Rule 12b-2
As of 4/12 mkt value = 554,805 O/S 70,679,798 20,288,333 Class B shares exchangeable to common 1:1
Bankruptcy payments setteled in Sept 2006 Back taxes to Canada settled 90days later
Now open to R/M candidate for Shell Haven't selected one yet but will actively seek out candidate
Meets Definition of "Blank Check" company - could become anything!
Had a working capital loss from operations of 108,969. May need to issue shares in future to sustain operations until a R/M occurs as they have no source of revenue going forward.
Certification of Incorporation allows for : 10M preffered & 100M common
T/A American Stock Trans/Trust Co. Could possible issue up to 26,775,788 if needed.
NetINcome 2006 dilluted to include Class B shares = .035per share (note previous comments of .05-.06 didn't account for class B)
3/6/2007 issued a note for $160,000 for professional fees secured by all common shares held by IYSA.
Major holders: Mohamed Juman 11M Calif Securities 10M Pacific Securitieis 11M Raplh Eisenchmid 14M Jock English 12M
Total about 58M O/S 70 - 58 insider = FLOAT OF about 12Million.
O/S 70 - 58 insider = FLOAT OF about 12Million.---Float is real tight...should run to .03 tomorrow...lets see
Posted by stocktrader22 on :
Excited for tomorrow.
Posted by jos_tul on :
R/M news spreading on Ihub. Float tight 12 Million
Posted by tompom on :
back in .0075
Posted by tmanfromtexas on :
Hey jos, did you mean .003? This is ugly. TMAN...
Posted by tompom on :
there is the bounce lol
Posted by tmanfromtexas on :
I doubled at .0095. Hope its not a dead cat bounce. TMAN...
Posted by stocktrader22 on :
lol now i remember why i hate most pennies...still got out even at least.
Posted by tompom on :
bouncing now
Posted by rivrwrat on :
this will fly back up alot of flippers took there profits today almost 1/3 of the float time to buy more for the next run
Posted by rivrwrat on :
got more at .0065 what the heck i lost money first time around have to wait this out till the news is in at least its not a scam like the pinks
Posted by tmanfromtexas on :
This one kills me. Its an OB. Its on the hunt for a RM candidate. It came out of bankruptsy clean. WTF??? Oh well. If it drops some more I will buy some more I guess. TMAN...
Posted by tmanfromtexas on :
Trying to add some more but they aint biting. I still think this has a chance. Maybe not today or tomorrow but I think it will run. TMAN...
Posted by kidpolio on :
reverse split scare caused the dip this one going to bang play the game and bank
Posted by tmanfromtexas on :
I dont know why this would even consider a RS. The OS is only 70mm with a AS of 100. I doubled down again today. Got any kid? TMAN...
Posted by tmanfromtexas on :
I cant win for losin. TMAN...
Posted by kidpolio on :
quote:Originally posted by tmanfromtexas: I cant win for losin. TMAN...
I went large at .003
INTELISYS AVIATION SYSTEMS OF AMERICA INC.
815 Bombardier Street, Shediac, New Brunswick
Canada, E4P, 1H9
NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
A special meeting of the shareholders of Intelisys Aviation Systems of America Inc. (the “Company”) will be held on June __, 2007, at 10:00 a.m., at 815 Bombardier Street, Shediac, New Brunswick, Canada, E4P, 1H9, for the following purposes:
1.
To grant discretionary authority to our board of directors to implement a reverse stock split of our common stock on the basis of one post-consolidation share for up to each [ten] pre-consolidation shares to occur at some time within twelve months of the date of the meeting, with the exact amount and time of the reverse split to be determined by the Board of Directors
I believe this is a scare tactic to shake shares and drive price down so the class b can be converted to shares at low price. When this is done they will spike the heck out of it.
(2) 20,288,333 issued and outstanding Special Class B “Exchangeable Shares” in the Company’s wholly owned subsidiary, InteliSys Acquisition Inc., are also included in the Voting Shares. Such shares are included in the Voting Shares because they have equal voting rights and economic value as the shares of the Company’s Common Stock, and they may be exchanged by the holder thereof at any time on a one for one basis for shares of the Company’s Common Stock.
Remember bro what they did with AGSI very similar with that rs scare. It still ran from .002 to .008
So I think we be ok here TMAN
Only three trades made lod last min ditch effort to scare shake.
Notice the double bottom at .0025 This is primed for run up i believe so.
Too far too fast rule comes into play here.
I hope lol
Posted by kidpolio on :
I made small fortune today on PXIT I will spank this puppy hard tomorrow if need be.
Posted by tmanfromtexas on :
I saw that kid. congrats on that one. It makes no sense to me why they want to RS. IF it runs I will make a little. TMAN...
Posted by jordanm on :
Kid...you maybe right...this is an interesting play. if you look at the 10-KSB, PRE 14A...70% of common + preferred held by owner/insiders; 23% by Californian Secirities and Pacific Continental...that means 93% is locked in....7% is the float...thats around 6.3 million shares of common stock at the max is the float...even if they reverse split it what do they gain ? maybe its the scare to get cheap shares and then take it up....i am in and plan to play it....could be a good gain....
The percentages below are calculated based on 90,967,531 shares issued and outstanding on May __, 2007. Such shares consist of the following: (a) 70,679,198 shares of Common Stock, par value $0.001 per share; and (b) 20,288,333 issued and outstanding Special Class B “Exchangeable Shares” in the Company’s wholly owned subsidiary, InteliSys Acquisition Inc., which are included because they have equal voting rights and economic value as the shares of the Company’s Common Stock, and they may be exchanged by the holder thereof at any time on a one for one basis for shares of the Company’s Common Stock, and if not exchanged prior to December 31, 2012, will be exchanged for shares of the Company’s Common Stock on that date. Unless indicated otherwise, all addresses below are c/o Intelisys Aviation Systems of America Inc., 815 Bombardier Street, Shediac, New Brunswick, Canada, E4P, 1H9.
Name and Address Amount and Nature of
Beneficial Ownership Percent Owners of More than 5%:
12,429,108 (2)(6)(7) 14% All directors and executive officers as a group (2 persons) 27,333,959 30%
____
Posted by tmanfromtexas on :
I sent an email to the company this morning regarding their desire to RS. This will be the second email I have sent in as many weeks. If I get a response I will let yall know. TMAN...
Posted by tmanfromtexas on :
I got a response...it was useless. They cant divulge any new info due to insider info. Oh well, it is up a little. TMAN...
Posted by jordanm on :
TMAN
Thanks for the update. It is an interesting play. - 3 MMs controlling it SBSH, SSGI and NITE - Its come down 80% in the last 1 week - Clean shell - Intent to RM and actively looking - 70 million common + 20 million preferred - 93% of common + preferred owned by insiders/pacific/californian - 7% float of less than 7 million shares - as per PRE 14A, looks like the reverse split will be after the conversion of preferred to common - that leaves it with 10 million o/s and a 600 k float - 10K correction of % held by main shareholder (Juman) revised from 12% to 40% interesting. never understood really why the reverse split is out there but looking at all the above, and considering the three edgar filings in the last 15 days, looks like this thing is definitely in play GLTY Posted by tmanfromtexas on :
jordanm, I agree its a play. WHAT is the reason for all this. Something doesnt make sense. If they wanted to reverse merger it would have cost a company 200g to buy ALL of the Authorized shares. That is NOTHING for a private company to go public. I asked specifically if they plan to do this just so they can dilute but I didnt get a response. I didnt expect one. lol. Has anyone here been through a RM like this with a shell with such a low share count? TMAN...
Posted by jordanm on :
TMAN...I doubt if they want to dilute. We will see. Its up today on low volume. Very tightly controlled by SBSH, NITE and SSGI. When the MMs decide it has to go up it will go up. Until then wait and watch Posted by kidpolio on :
OMG one left at .0035 this one going to feking lift off like rocket ship. She is thin and that makes me grin.
Posted by jordanm on :
yup...thin ask...can take off any time. watch it this week. GLTY
Posted by tmanfromtexas on :
up 40% on 10X daily volume. 10QSB out as well. TMAN...
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