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Micro Penny Stocks, Penny Stocks $0.10 & Under
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IYSA(.01) R/M ALERT- REVERSE MERGER PER CEO- LOOK INSIDE
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[QUOTE]Originally posted by jos_tul: [QB] [QUOTE]Originally posted by stocktrader22: [qb] 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 Newco bought assets assumed liabilities blah blah blah 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. [/qb][/QUOTE][b]O/S 70 - 58 insider = FLOAT OF about 12Million.[/b]---Float is real tight...should run to .03 tomorrow...lets see [/QB][/QUOTE]
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