News from FY2011-Q2
Quarterly Report
Posted by eleitner on March 31, 2011
ÆSIR closed out FY11-Q2 within 4.6% of last year's Q2 record quarter. Perhaps even better news is that the company has already made over 70% of FY2010's gross revenue figure, meaning that at the same operating costs, all the gross revenues from this point forward may be considered as nearly clear net profits to the company.
Preference Share Redemption
Posted by eleitner on February 1, 2011
ÆSIR announces that it will begin preference share redemption early in Q3 of this year. The move is being made to increase common share value and to position the company to issue larger common share dividends at the end of the fiscal year. Redemption is expected to be on a voluntary basis only, with no forced calls expected. The ÆSIR Board of Directors was reduced to four members early in Q2. It is possible that additional seats may be re-opened at the FY2012 Annual General Meeting.
NCA-Ops Project Extension
Posted by eleitner on January 1, 2011
ÆSIR received an extension to the NCA-Operations Library project through PS Online early in Q2. The company is also bidding two undisclosed long-term projects, either of which may significantly impact revenues to the company over the next two or more quarters.
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