Welcome to the Asher Board.
The purpose of this board is to discuss pennystocks that are funded by CONVERTIBLE NOTES
and the effects they can have of the price per share.
You decide whether or not you want to run away or stay and play.
you may also vent and tell stories of the last crAsher stock you were in, or are currently in. Asher Enterprises, Inc - toxic debt financier
Has Asher Enterprises Inc become the most common and most toxic of the penny stock financiers?
Over the past several months I have seen Asher Enterprises Inc show up in more and more penny stock filings.
Doing a search through SEC reporting companies brings up the name Asher Enterprises Inc almost 800 times since March of 2010
Asher Enterprises, Inc is a toxic debt financing company domiciled in Delaware, located in New York, and run by Curt Kramer.
ASHER ENTERPRISES, INC.
1 Linden Pl., Suite 207
Great Neck, NY. 11021
Curt Kramer, President
People may recognize the name Curt Kramer from Mazuma Holding Inc and Mazuma Funding Corp. Mazuma ran out of the same office as Asher Enterprises, Inc. While involved with Mazuma, Curt Kramer and his partner Charlie Mayo helped finance several penny stock scam companies.
Asher Enterprises Inc usually gets involved in smaller sized financing agreements that do not require S-1 filings. Common factors in Asher Enterprises Inc financing agreements are really high interest rates and especially ugly conversion ratios. The terms of most Asher Enterprises Inc Notes allow Asher to convert their debt into free trading shares at a 60% discount to the 3 worst closing prices over the previous 10 trading days. Taking the 3 worst closing prices over the previous 10 trading days can often translate into Asher Enterprises Inc getting their shares at well below half of the market price.
These kind of toxic debt arrangements are the most damaging type of financing arrangements because of the high amount of interest the Notes accumulate and the huge discounts given on the shares issued to the Note holder.
The lower the share price goes the more profitable these toxic debt agreements become for the Note holder like Asher Enterprises Inc. Because of this there is incentive for the Note holder to short the stock to drive down the price before converting the Note into free trading shares. After converting the Note into shares the interest changes to pumping the stock to attract buyers to try to sell those shares at as high a price as possible. The Note holder will often times pay for a promotion to facilitate the dumping of their shares. This brings in unsuspecting investors who have no idea they are about to get dumped on probably causing them great losses.
The dumping of these super discount shares drives down the share price of the stock. The lower the share price goes the harder it becomes for the company to raise capital forcing the company to seek out more toxic financing agreements. The lower the share price goes the more discounted shares have to be issued to settle these toxic debts in the future. The company is now trapped in a toxic death cycle. Once a company signs a toxic financing agreement like the type that Asher Enterprises Inc offers there is usually no escaping the inevitable toxic death cycle after that. The outstanding share count will continue to go up and the share price will continue to go down.
It is for this reason that all investors (whether short term flippers or long term investors) need to learn to read filings and recognize toxic financing agreements. Look for convertible debt Notes and look at the terms of those Notes.
Unfortunately not all penny stocks are fully reporting. For non-reporting companies there is usually no way to know if the company is involved in a toxic financing arrangement. This is one of the reasons that non-reporting companies are so risky. You never know when dilution is going to be a major factor in destroying the share price.
Not every toxic Note holder has an easily recognizable name like Asher Enterprises Inc or Lionheart Associates LLC or JMJ Financial or Tangiers Investors LP or NIR Group. Sometimes it is the insiders of the company (former officers/directors, current officers/directors, friends and relatives of former or current officers/directors, etc) that set up toxic convertible debt Notes for their own self enrichment.
Any time you see a convertible debt Note show up in a company filing you better be well aware of when the Note holder received that debt Note and when that Note can start being converted into discounted free trading shares. All convertible debt Notes are red flags for future dilution.
Hopefully some of the changes that come out of the recent SEC Roundtable on the Execution, Clearance and Settlement of Microcap Securities will help curve these self enrichment scams that involve insider owned Toxic debt Notes and also prevent the market manipulation that so often comes with all Toxic financing agreements like the ones offered by Asher Enterprises Inc.
i did not write this, here is where i got this from:
Generic info on Asher Enterprises http://asherenterprises.org/
Asher Enterprises: A privately owned investment company, Asher Enterprises is located in Great Neck, New York. As an investment company, this organization provides funds to small businesses. Small businesses often have limited access to funding, so private investments are important to their growth. Curt Kramer, sole shareholder, ensures that each investment, no matter how small, makes a large difference.
The Purpose of Asher Enterprises
Kramer has created a company that helps small businesses thrive. Through private investment, up and coming companies can access the funds they need to launch. These funds contribute to operations and development. As a result, small businesses can access capital without having to fight banks for it. For many small business owners, this is one of the most important perks of the company.
Our Firm vs. Big Banks
Banks have traditionally offered little to small businesses. They want to see growth and success before lending their money. But how can small businesses show growth before securing the funds necessary to achieve it? This is where privately owned investment companies come into play. These companies loan money to small businesses from their own assets.
How Our Company Operates
Our firm gives loans in exchange for Convertible Promissory Notes. The company can convert these notes into equity. By using equity instead of cash, the cash flow of the small businesses is left undisturbed. Borrowers often prefer this arrangement-another way in which private investment trumps business with banks.
Catering to the Needs of Small Businesses
Kramer understands the limitations that small businesses face with regard to funding. Capital and loans simply are not readily available for small businesses. To solve this issue, the company provides access to necessary funds. However, the organization takes this a step further than many other firms. Its approach reduces traditional obstacles that slow the business development process. This helps businesses grow faster.
A History of Success
Since first opening its doors, this investment company has worked with over 400 borrowers. Many of these borrowers have gone so far as to ask for advances. This trust, and willingness to work with the organization, proves that the company is successful. The investment structure it has put into place is appreciated by borrowers. As a result, it is beneficial to all parties involved.
The organization's business model entails providing convertible loans to small companies. This business structure is compliant with Securities Exchange Commission objectives. Additionally, the company's goals are common with those of the United States Securities and Exchange Commission.
Simply put, these goals are to improve the business environment for small organizations. The JOBS Act passed by the House of Representatives further echoes this objective.
An Ally to Small Businesses
In today's financial climate, banks do not take many risks on up and coming businesses. At the same time, the economy has prompted many entrepreneurs to start new ventures. The discrepancy between these two facts could prove ruinous for new business owners. Fortunately, private investment firms can provide funding that banks refuse to supply. This is, largely, why so many small businesses are growing despite a down economy.
Creating Value for Borrowers
Asher Enterprises Great Neck, NY understands what small business owners need to thrive. The company's structure allows it to lend to small organizations that banks will not approve. As a result, our firm creates value for its borrowers in several different forms. Most importantly, it provides the opportunity for businesses to grow.
Asher Enterprises Follows Guidance of Investment Guru
Asher Enterprises, of Great Neck, New York, is led by Curt Kramer. Family-oriented, Kramer is a successful private investor who understands the market. His leadership has created an organization that provides an invaluable service to small businesses.
But what makes Kramer so successful? Here are a few interesting facts about the man behind the business.
Kramer married his high school sweetheart and they have three children.
Kramer has called Nassau County, Long Island, home since the day he was born. He loves his community and works to improve it every day.
Kramer loves books and he shares his private collection with Asher Enterprises employees. Continually improving his understanding of the world around him contributes to his success.
He is a self-made professional who has helped countless employees. Through his guidance, they have gone on to create successful careers.
Kramer is a thoughtful expert in his field. His employees and vendors appreciate his approach to business. Additionally, they appreciate his personal attention.
Punctual, motivated, and hard working, Kramer often puts in fourteen hour days. Frequently, he works from 7:30 in the morning to 9:30 at night. He hates procrastinating; instead, he completes everything in a timely manner. This is one of the reasons his employees and clients enjoy working with him.
Kramer knows how to create a positive work environment. He does so by showing his appreciation to employees and clients. He believes that working relationships should prove uplifting, and as such he encourages positive interaction.
As a financial professional, he is a discerning consumer. Kramer's spending habits are well-balanced and responsible. When he has extra money, he enjoys helping people in need. This includes investing in new businesses and contributing to charities.
Philanthropy is very near and dear to Kramer's heart. He loves the fact that he can help children who are afflicted with serious illnesses. As a father, he understands the pain that other parents feel when their kids are sick. He has contributed to the following organizations:
North Shore LIJ
Kramer's Kidz Club at Cohen's Children's Hospital
Kramer's Kidz Club at Children's Medical Center
St. Jude Children's Hospital
Children's Medical Center
Make a Wish Foundation
In Great Neck, New York, Asher Enterprises is a beloved organization. The company has helped hundreds of people realize their entrepreneurial dreams. Asher Enterprises Great Neck, NY has become, in that way, a pivotal part of the business environment. Curt Kramer continues to lead Asher Enterprises to success.