Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

BobKS and HM, I'm sorry if I'm being repetitive here and the concept has already been rejected such that I should not bring it up again, but the CPA firm whose name is on the final 10K (Hall & Company) might be inspected by your lawyer to see if it might be a source of some relief for the shareholders:
1. The audit opinion letter is patently faulty - see the sentence "As discussed in Note 2 to the consolidated financial statements, the Company has no revenues..." Note 2 says nothing about the manufacturing mess, and of course VHUB had record revenues in its FY2015-16.

2. The opinion letter is dated October 13, 2016, and even the Subsequent Events section of the audit report is silent as regards the manufacturing mess.

I would imagine that, in the case of any finding against the CPA firm, the CPA firm's liability carrier would likely go after VHUB and/or its CFO and CEO for having misled the CPA firm.

As ever, I'm not a lawyer, I've been retired for more than four years, and I didn't supervise any financial function for the last nine years of my career when I was serving in an aspect of healthcare regulation. So please just take these thoughts as you would the first step of a brainstorming exercise.

In whatever way you proceed, I wish you only success and satisfaction.