Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

I feel like the star of one of those Snickers "want to get away" ads given my earlier post of the day, as I really am amazed that I just read the following sentence from the 8K:
"The aggregate purchase price for the Purchased Assets is $1,000,000..."

If Kyle and family have a stock selling for around two cents per share, why would they be selling out for what looks like barely half of that based upon 90 million outstanding shares? The insiders own about 40% of the outstanding shares, so there's a lot of incentive to negotiate a good deal.

The proxy material is really going to be interesting. Meanwhile, sales growth just flatlined from half-year to half-year, which seems to suggest that management was devoting their energies to the $25,000 consulting agreement with PLY rather than to running the existing business.

Somewhere, somehow there's something I/we have missed along the way during these six weeks from December 30. Cerp, for those who may remember him, got the last laugh after all.