Since the conversation was in relation to a Public filing I will post it here, everyone can determine the validity of their response for themselves.

Message: I was hoping that you would explain the $10m revenue miss in your press release, but unsurprisingly there was nothing. No mention of YOLO, or the Taylor Swift Eras tour that you had been so prominently Tweeting about. This can only lead investors to one conclusion, your company is a scam and your name should forever be associated with that.

Reply: The $10.8m estimate revenue is based on an investment of $10m. Because the company still needs to raise US$10 million to participate in distribution investment in the Chinese film market, this quarter's revenue won’t to reflect related performance.

The box office settlement will take up to 9 months to complete, and the income of investment companies outside China must go through legal transfers to outside before they can be included in operating income.

All investments need to be implemented in accordance with regulations to receive income.

The company is going through the procedures to enter the Chinese market. Once the funds are raised, it will be able to show the previously predicted performance in future reports.

Sincerely,

Corp affair | AB International Group Corp.

I submitted my comments/questions through their website https://www.abqqs.com/ ; scroll down to the management section.

They didn't reply to my first submission but the second one must have gotten their attention and they replied the following day.

All the best,

Knife

I also recieved a reply to one of my messages to the company. I found the explanation given for the quarterly miss to be unnacceptable and raised as many quesitons as it tried to answer. I have exited my non-taxable account holdings in ABQQ, but will continue holding my taxable account shares for the time being due to Wash Sale rules. Once I have cleared the Wash Sale rule requirements I plan to exit my remaining holdings.

If the explanation given from the company is actually accurate, which I doubt, then I can always initiate a new position at a later date.

I will not post the company's reply here for at least two reasons; 1. As a general rule I don't post private communications in a public forum. and 2. If the company's response to my questions is legitimate then they should put it out as an official PR and therefore incur legal liability if it turns out to be just another misleading statement.

All the best,

Knife

And to actually do it, such nerve..lol.

https://www.otcmarkets.com/filing/html?id=17235436&guid=d7Q-kWx4mSIqJth

Knife

Their filings are up to date.

Knife

Bid support at .0006 seems quite solid, just need it to move up. Resistance doesn't seem particularly strong but needs to be hit to test it. We'll see what happens soon enough. In the meantime I am going to fire off another round of questions to IR. I don't expect any response but want to keep the pressure on for now.

All the best,

Knife

I vented to IR and don't expect a reply.

All the best,

Knife

It is quite possible that there is a good reason for it, but he should have expressed it in an accompanying PR. Investors have been left in the dark and cannot be faulted for believing the whole thing was a scam. It is up to Deng to prove otherwise.

All the best,

Knife

Ignored after one post, congratulations.

I am looking forward to the PR that should accompany the Q2 report, particularly on any progress towards retiring additional shares, either through buy backs or as mentioned before by exchanging for an equity stake in the streaming service.

All the best,

Knife

I've been steadily adding shares ahead of the quarterly report. If revenues are anywhere near what is forecast, the share price will spike quickly, next week will be a lot of fun.

All the best,

Knife

Market makers are having a little fun today. Retail's fun is coming very soon.

All the best,

Knife

Thanks for the update,

All the best,

Knife

The only reliable short volume data is posted by FINRA on a bi-weekly basis. The data for daily short volume sites such as you posted is derived from FINRA's volume numbers, but due to how it is calculated it is misleading at best. Once you understand this you will never use daily short report numbers again. The link provided is an article written several years ago by R. Cromwell Coulson, President, CEO and a Director of OTC Markets Group.

https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/

For SHMN, the latest numbers from FINRA were posted on 03/15/2024 with 8,249 shares short.

All the best,

Knife

Lol, nonsense. Shorts are just an easy foil to blame when people are looking for excuses. They exist, but are not nearly as prevelant as "everyone" thinks.

Knife

Thanks for the update, looks like we have some Bidders showing up.

All the best,

Knife

Yet here you are, interesting.

Agreed, licensing deals are basically all profit, having no "cost of goods sold", and would be a huge catalyst for the company as well as the stock.

All the best,

Knife

The company is actively working to reduce their share structure.

https://www.otcmarkets.com/filing/html?id=17235436&guid=Yad-kacHN5wfJth

They are also anticipating a huge revenue increase (over $10m) in their Q2 numbers, due out in two weeks. Compared to only $800k in Q1.

https://www.otcmarkets.com/stock/ABQQ/news/story?e&id=2785001

The profits from the projected quarterly numbers will give them ample $$ to buy back more shares if they desire to. Its possible that todays large volume spike was caused by Market Maker manipulation in order to buy back shares, but there is no way to verify that at this time.

All the best,

Knife

I see that as likely but it cannot be confirmed until the Form 4 or 8K comes out.

Added some 9's this AM,

All the best,

Knife

Seems prior management left a bag of carrots for new management to use, pretty sad. Quit telling us that you are going to tell us something and just do it already.

Knife

The cancellation of the 235m shares has been updated on the OTC Markets website, something I was looking for. Company tweets are nice but I dont consider it official until updated by the Transfer Agent. The removal of the shares also reduces the current Market Cap of the company making it an even better buy IMO. We are only a few weeks away from them reporting what is already known to be a blow out quarter. I did the basic math on a previous post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173983806

The opportunity is obvious, all the best,

Knife

Form 4,

I beleive we should see another form 4 coming soon as well. I am curious about the 20m volume spike toward the close yesterday, I didn't see it play out but am under the impression that is was likely an insider transaction.

All the best,

Knife

Most of the companies on the OTC are poorly run dillutive garbage, but there are exceptions. IMO ABQQ looks to be one of those exceptions, and if correct, will be very profitable for both traders and investors alike.

Welcome aboard, enjoy the ride.

Knife

Its nice to see the 13's getting hit, last time it broke that level (early December) it ran to 21 rather quickly. I expect that to happen again but only time will tell.

All the best,

Knife

Looking forward to the share cancellation being updated on the OTC Market site. In the meantime I hope some of the recent volume has been the company or CEO buying back shares again. Find out soon enough.

All the best,

Knife

Superb, thank you.

Knife

Nice, could you link it for those of us who don't subscribe?

Thanks,

Knife

My how one's position changes when they are looking to reload their position.

What happened to your prediction from just a few months ago?

We are talking about re-instating the previous 235m cancellation which was added back on due to a paperwork error.

Knife

Thanks for the post, good to see them working on the cancellation.

All the best,

Knife

The company has an odd fiscal year ending 8/31. This makes their Q1 Sept - Nov and Q2 runs Dec - Feb. We are waiting on the Q2 report which is due 45 days after the reporting period. This makes it around April 15th. Last year they reported on April 14th. Not much longer to wait.

The Year over Year quarterly comparison will be something to see. 2023's Q2 had only $300k in Revenue and lost over $1m on the bottom line. This year we are looking at $10m in revenue and ?? bottom line. From the March 4th PR.

The churning 12's are interesting, still surprised anyone is selling down here but to each their own.

All the best,

Knife

Adding blocks of shares during this sleepy time. Q2's report will be out in roughly 30 days and if the numbers are even close to projections a great run is in our future. The Market Makers can do what they want and there has never been a significant short postion in ABQQ, discussion about them is irrelevant. The company is dictating its own future and I like the path that they are on.

It's just math,

Knife

When people cant support their positions with actual facts or logic they resort to name calling etc. its a sign of failure on their part.

Knife

Pretty anemic volume overall. When the company gives a material update it should bring in volume and move rather quickly IMO. I have reached my desired position in here but will likely add to it on news.

All the best,

Knife

The pullback from the 3s was initially just a chart consolidation and to be expected. The revenue guidance came out monday so it wasn't fully known until now. There was only speculation of revenues based upon the company's Tweets before then.

https://www.otcmarkets.com/stock/ABQQ/news/story?e&id=2785001

The short term chart had already started to break down when the company PR'd their LOI with Metatron on the 27th.

https://www.otcmarkets.com/stock/ABQQ/news/story?e&id=2778817

Apparently Metatron is considered a scam by many and it precipitated a sell off into a short term chart that was already struggling. That brought us to the Trips. The company reversed their decision and abandoned the arrangement with Metatron. It seems the company listened to shareholders like myself who wrote to them and expressed our concerns. Then the revenue guidance came out and made traders/investors realize how undervalued they are. Now they are getting back in, as is evident by todays bounce.

I have a short term bounce target of .002 - .0021 but only time will tell. Longer term my target is much, much higher but let's not get ahead of ourselves.

All the best,

Knife

When enough people figure out how well ABQQ is performing the share price will move up, significantly. It's not for me to make the call when.

Last quarter the company basically broke even on $800k in Revenue. There are no Cost of Goods Sold or Gross Margins to calculate since Revenues are generated by licensing fees, etc. The only expenses are Operational and shouldn't change significantly from quarter to quarter, they were $830K in Q1. The company is currently estimating Q2 revenues at $10.8m but let's assume they overshot the estimate and use $10m instead. I'll also assume that for some reason Operational Expenses doubled to $1.6m in Q2.

A bit of basic math: $10m - $1.6m = $8.4m in guess-timated Net Profit for Q2. The current Market Cap of the company is roughly $2.7m. This means the company is currently valued at less than 1/3 of the guess-timated earning for Q2 alone. They have also forecast annual revenues to be $33m.

Yes, I am continuing to accumulate shares.

It's just math,

Knife

You do you, makes no difference to me.

Knife