Replies to post #7348 on Asberry 22 Holdings Inc (ASHI)

[cashbyers]

Thank you for bringing this to my attention! From my reading and your analysis of inventory, I feel the vaguely worded sentence is in favor of inventory & rewards from Magnavape to VHUB.

I don't believe the sentence following purchased asset is defining "purchase assets" but defining what is not included in the agreement.

Maybe there is some hope for some value here

Thank you Bernard, your unbiased posts have been extremely valuable to me & this board

GLTA
Cash

[Fallingknife75]

Bernarnsamuel, I have been struggling with that paragraph as well however I am encouraged by a sentence in the first paragraph.

On February 10, 2017, Vapor Hub International Inc. (the “Company”) and PLY Technology, a California corporation (the “Buyer”), entered into an asset purchase agreement (the “Purchase Agreement”). Pursuant to the terms and conditions of the Purchase Agreement, the Company agreed, subject to the approval of its stockholders, to sell all of the Company’s right, title and interest in and to the Company’s proprietary rights, and all goodwill associated with such proprietary rights, owned or used by the Company in connection with its business, which collectively constitute substantially all of the Company’s assets (collectively, the “Purchased Assets”). The Company will retain all assets that are not Purchased Assets, including inventory. The Buyer is not assuming any liabilities of the Company in connection with the sale of the Purchased Assets by the Company.

This leads me to believe the Inventory and potential gains from the lawsuit still belong to shareholders.

All the best,

Knife

[nathanial]

Interesting read.

[HombreMuerto]

You have to read the comma as disjunctive, so that what they are not purchasing is inventory and the lawsuit rights. Interesting?

I won't turn this into a primer on legal draftsmanship or interpretation but it is a monumentally poorly crafted sentence, one that could be interpreted against your side one day because because the judge is late for his golf game. Seriously. Lack of clarity is generally held against the draftsman.