Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Malvern, I don't want to derail the thread on a math technicality, but if you'll go back and take a look at Post #1620, you'll see (presuming that you're OK with my estimating)that the Annual Percentage Rate is a lot more like 150% than 40% per your post.

Personally, I think that the company is legitimate (real products, real stores, real customers, etc.) but is in trouble (when executives have to personally co-sign loans, the bank is not convinced that the company will survive). There was a pump and dump scheme last spring, as Kiplinger and others reported (and I even got the boiler room calls and the e-mails, which is why I follow this Board even though I'm not investing long or selling short), but I think what's going on now is more likely the honest enthusiasm of people on this Board getting to be "infectious" in the penny stock community.

Overall, I think that management needs to be honest in its PR about why it needs to borrow at enormous rates, coupled with doing something to explain how the company's stock got involved in a pump and dump some months ago.

Good luck in all your endeavors!