Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

Good morning, makinezmoney, and I wonder which of two possible meanings you had in mind with your suggestion. To cancel any outstanding shares, VHUB would need to buy them up, and I think that the company's concentration as regards cash right now is to manage itself so that it won't take on any more debt, i.e. have enough money to just pay its bills on time.

However, the company want to cancel some of its Authorized (but not issued) shares, as the big leap in authorized shares was legally required when the company started to be financed via toxic debt - don't get me wrong here, PLY has the contingent right to convert its debt at 85% of the average price of the stock over some period of days, so authorized but not issued shares are still required to be out there.

Meanwhile, the piece of the puzzle that is still eluding me is why PLY isn't buying up shares to just under the SEC 5% reporting threshold (or perhaps they are, but I would imagine that their involvement would have driven the VHUB share price higher). Even in the potential reverse merger environment, getting into the old stock cheap is beneficial.