Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

I see that the quarterly financials have just appeared, and I have just a few immediate reactions:
1. That sales number for the quarter is nearly $2 million which infers annual sales of nearly $8 million - and that is very impressive indeed.

2. There is a positive "net income from operations"! If you take into account what I'd consider to be the cash aspects of interest expense (the first two items of the four-item list, as contrasted to what I'd consider to be accounting kinds of adjustments), a small positive net income still remains. That too is impressive.

3. Approximately 650K in short terms loans is not a lot for a company with $8 million in annual sales. Nonetheless, the balance sheet will look significantly better when some/much of these loans will have been refinanced to longer term debt, or even to equity (priced reasonably so as not to be overly dilutive).

I still need to go through the notes to the financial statements, as you'll generally find "lots of useful stuff" there. But, for whatever it's worth until the notes have been read, I think that this company has demonstrated "staying power" and deserves a valuation higher than the approximately $2 million (72 million shares at 3 cents would be $2.16 million) at which it is currently valued.

I'm sure that the readership will have much to add to this very rough first impression. Good day to all!