Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

BobKS, let me copy into this reply the relevant section of the 10K from last September:
The principal amount of the note is convertible at any time, in whole or in part, at the Company’s election or the election of the holder into shares of the Company’s common stock at a price equal to the greater of $0.15 or 90% of the average closing prices of the Company’s common stock for the ten trading days immediately preceding the applicable conversion date.

I've disagreed with a number of other posters on this matter (people whose opinions I've come to generally take as being more valid than my own most of the time), but I would still maintain that a literal reading of the above paragraph, focusing on the word "or" on the second line, means right now that VHUB forced this conversion into equity and that the lender is not a happy camper at this moment. Remember that the stock traded as high as $2.01 on an intraday basis so that 15 cents was probably not expected to be experienced on the downside. Also, I'd point out that the phrasing on the fourth line of the quoted clause is "the greater of" rather than "the lesser of."

Accordingly, I would have no reason to believe that Gotama expects to see 15 cents on this stock any time soon.

But please listen to other opinions you'll get on this board, and make up your own mind. Finally and having nothing to do with the topic at hand, congratulations upon the exquisite Yiddish pun that is your screen name!