Asberry 22 Holdings Inc (ASHI)

[cashbyers]

The Board of Directors believes that the proposals are in the best interests of the Company and its stockholders

LMAO

If you fail to vote by proxy and fail to vote in person, it will have the same effect as a vote against the Asset Sale and the Plan of Liquidation.

So we don't have to do anything if we want to reject this scam.

BUT THEN WE ARE STUCK WITH THIS

A: If the Asset Sale is not completed, under that certain Senior Secured Credit Facility Agreement entered into by the Buyer and the Company on December 23, 2016 (the “Loan Agreement”), the payment and performance of all the Company’s indebtedness and other obligations to the Buyer under the Loan Agreement and related agreements are secured by first priority liens on substantially all of the Company’s assets. Upon the occurrence and during the continuance of an event of default under the loan documents (which defaults include the Company’s failure to repay its debt obligations by the maturity date, March 30, 2017), the Buyer may, at its option, exercise a number of remedies as a secured lender including selling, leasing or disposing all or a portion of the Company’s assets (including the Purchased Assets) or retaining all or a portion of the Company’s assets (including the Purchased Assets) in satisfaction of the Company’s obligations to the Buyer. Therefore, in the event the Asset Sale is not consummated, the Company’s stockholders may receive less consideration than they otherwise may if the Asset Sale closes.

ROYALLY SCREWED.

NICE JOB MANAGEMENT !! Sounds like they want to give up and get out of all debt and leave Shareholder that valued the business a going concern left holding the bag.. unbelievable