Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

I've reread the 10Q, and I'll offer three more thoughts:

First, I do believe that Iliad/Fife no longer has any of the company's debt, per the following excerpt from the 10Q:
"As of November 14, 2016, the outstanding balance on the Second Exchange Note was $0."

Second, right at the beginning of the 10Q, the statement is made that as of the release date of the document, the number of outstanding common shares is the same number that existed at September 30. So we don't need to worry that further dilution took place between the end of the first fiscal quarter and today.

Third, I don't think I've been smoking any funny cigarettes, but I'm pretty sure I remember that the annual 10K told us that the seasonality in sales translated to the third fiscal quarter being the weak quarter, while today's 10Q tells us that the second fiscal quarter, yeah the one we're in now, is the slow quarter. This is one of those WTF moments that in the end isn't really all that consequential, sort of like that goofed-up CPA opinion letter in the annual audited statements that said the company has never had any revenues (I'm really amazed that this hasn't been corrected by now).

I do believe that some good times are ahead for those very patient shareholders who've stuck it out until now.