Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Excellent observation, diannedawn - I've noted in earlier posts that the effective annual interest rates on some of these loans has been in excess of 100% per annum. Of course, the rate needs to be so high as to compensate for the frequency of default on these loans. ...and that takes us back to my observation that the company's first order of financial business is to refinance lots of this short term debt into longer term instruments.

Again thanks and have a good day!