Asberry 22 Holdings Inc (ASHI)

[cashbyers]

Here was the response from my Investor Inquiry:

Mr. Byers: In May the FDA announced its intention to regulate the e-cig/vaping sectors. Since new products would need to pass through FDA clearance procedures, which cost millions of dollars, essentially (imho) what the FDA was saying was go away, little companies. Only big companies, like the tobacco industry, can afford the FDA rules when they go fully into effect.

The FDA is being challenged on its authority to do this. It used its power over the tobacco industry and some lawsuits claim it was not proper for the FDA to regulate these new sectors. We shall see. Also the new Administration has said it is much less interested in regulation so there may be change from that front.

My point is that VHUB stock had some momentum prior to this FDA announcement and it dipped significantly afterward. The fact that uncertainty now exists is never a favorable sign for investors. I believe this, much more than the debt issue which, as you pointed out, is improving is the factor responsible for the current stock price.
The company has been working diligently to rid itself of toxic debt which is, of course, the bane of most small public companies.
VHUB is planning an annual meeting (no announcement as yet) which will allow all shareholders to participate.

Paul Knopick


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Thoughts?