Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Finally - and sorry for taking so long - I've read the 10K from front to back. I know I'll never understand the Derivative Liabilities discussion, and I'm not going to worry about that. But there's one WTF moment I'm having with the report and maybe somebody could figure this out for me.

Here's an excerpt from Page 38 taken from the auditor's letter:
As discussed in Note 2 to the consolidated financial statements, the Company has no revenues, a history of incurring net losses and net operating cash flow deficits and has limited cash.

I may be old and going a little (my wife would say "a lot") senile, but how can the auditor say that the company has no revenues when there are about 6.5 million reasons in the top line of the income statement to the contrary?

I know I'm the one missing something here, because the auditor's letter must have been reviewed "ten ways from Sunday" before it hit the press, but it's driving me batty trying to figure out where my brain has gone off the rails here.

Thanks for everybody's patience with me!