Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Maddstacker, welcome to this board; your enthusiasm is a gift.

Regarding your comment about VHUB's debt load, let me copy into this post some relevant pieces of the liabilities section of the balance sheet as of March 31 per the 10Q:
Notes payable - short term 291,723
Current portion of convertible notes payable, net of unamortized debt discount 154,628
Notes payable- long term 24,673
Convertible notes payable, net of current portion and unamortized debt discount 190,161

While all that totals up to nearly 600K more than the 87K of debt per your post, that's still not a whole lot of debt for a company that has the revenues VHUB is running (even if the $1 million for June were a one-time good time).

The real questions for right now are how many, if any, additional common shares were issued related to debt due for repayment on June 15 (i.e. have the common shares grown beyond 81 million per the last SEC filing?) and what are Mr. Fife's intentions (i.e. Typenex, Iliad, etc. which are his companies) regarding his most recently reported 8 million shares held. The other questions, to be answered later, namely is the June revenue the new normal and why didn't the company tell us about all of the fourth fiscal quarter sales instead of just the last month of the quarter, will determine the direction of the stock in the autumn.

Again, welcome to this board.