Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

I'm wondering if any of the gang here can find something positive about the 10Q, as all I am seeing is on the negative side:
1. While sales in the first quarter were roughly 50% above the prior year's first quarter, sales in the second quarter are only about 15% above last year's second quarter.
2. The going concern footnote is on the emphatic side about how management does not believe that the latest round of financing will get them through the next 12 months.
3. Their interest expense, including the accounting entries related thereto, is what's really damaging the bottom line.

I think this company is going to be put up for sale, and given their leadership in their growing industry, I think there should be sufficient interest in the company such that it won't be a "distress sale." If not put up for sale, look for issuance of new stock - and I don't think some dilution would be any more damaging than these large interest expenses.

I'm curious what the investor relations letter is going to say, in other words what have I missed in my quick review of the 10Q. ...and of course I'm interested in the interpretations others on this board will offer.