Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Good evening, Hostastock, my only reason for being pessimistic regarding the dilutive conversions is that the covenants of the loan had language reading something like that the conversion price would be 70% of the average of the three lowest end-of-day closing bids over the last month (I'm doing this from memory, so please cut me some slack). The stock dipped to something like .3 cents a few times, so even if we use closing price instead of closing bid, we're talking "give-away" shares at roughly .2 cents when we multiply by .7.

So let's say that only $10,000 in debt was involved. Let's do the math together. Every dollar of debt "costs" 5 shares, so $10,000 would be 50,000 shares.

I realize we're all pulling numbers out of our Tochases until the 10K arrives in a week, but I guess that's why discussion boards exist. Given your own bullishness on the stock, I would believe that you, especially, would think that just about the only person who'd be selling shares when we were getting news reports of million dollar sales months would be somebody who's just trying to get the principal back on his loan and could do so because he got shares for next to nothing.

I hope I've answered your question, and I'm wondering what your own beliefs and guesses might be. Thanks.