Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Good evening, Gustavo, the 10K is due to be filed on Wednesday, September 28 (source: Non-Accelerated Filer with June 30 fiscal year).

However, last year the company got an extension, and the 10K was filed on October 13, 2015.

As regards your smelling a rat, there are three possibilities that I could imagine:
1. Dilution that has occurred which has been suppressing the stock price.
2. That troubling Facebook notation on Perlingos' page about his being "former" president of the company, despite evidence to the contrary.
3. My old point about how April and May sales were not announced when the company celebrated the June sales crossing $1 million.

But there are also roses that could be smelled:
1. It's about time for the company to say something about August sales. A third consecutive month of million dollar sales would be a really bullish indicator. To be fair, that rose turns into a rat if there's no press release before (you can pick the date).
2. Getting the ijoy situation under control would be helpful, and the company made a strong start in that direction with its letter to the dealership community.
3. Looking down the road towards the presidential election, a Trump victory infers that there'd be a cutback in regulations, particularly for small businesses.
4. If the company is generating sales at over $12 million per year, they should be able to secure non-toxic financing and get Typenex/Iliad/Fife out of the picture.

I guess we'll see soon enough as to what's going on with the company. The first thing I'm going to be reading when the 10K is issued is going to be the Subsequent Events section, as a lot of what we're interested in involves post-June 30 events.