Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Sgreg, thank you for the kind words, and let me give it a shot as regards your thought of factors endemic to this sector that could hold up quarterly reporting.

One set of financial statement footnotes may involve "subsequent events," i.e. what's gone on since March 31 in this particular case. This industry sector, whether one includes marijuana in it or not, is very susceptive to subsequent events as regards legal usage, health and safety matters, and financing events (sometimes involving dilution, sometimes not).

So on the one hand, there's a need for the CPA firm partner involved in the audit to be careful in signing off as regards subsequent events, and on the other hand, I'm sure there's a push to get the quarterly material out before anything can happen.

Again, all of this is in the FWIW category, and our review of the quarterly material may or may not tell us what was going on in the days/weeks before the release of the reporting. The one aspect of the delay that pertains to stock pricing is that, if the old adage is true that the stock market hates uncertainty, the delay is a negative factor in the short run (which actually ties well to your conviction that the stock is currently under-priced).