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And the next tweet of really awesome news:
$ABQQ Introduces consulting for AI-Arranged Cinema Screenings
— ABQQ (@ABIntlGroup) September 19, 2024
ABQQ has already received a consulting fee of $93,000 from first client, a prominent app developer. This collaboration marks a significant milestone, validating our approach and the potential of AI in transforming the…
Looks like we have been had. No explanation from the ceo for the loan when millions are flowing in to the company....and he knew the money was coming. Seems Alumni is being used as a middle man to transfer the majority of the stock, control or the company, and diversion of money to them....whoever in China is them...probably corrupt officials in their government.
Glad I played this one down the middle, got my stoke back plus a small profit, and hang onto the rest to see if this eventually unlocks for the retail investors.
Block buster rev news:
$ABQQ wishes to inform the Shareholders that based on the information currently available to the Company, it is expected that the Company may record an increase in the Revenue ranging from 350% to 400%, and the Profit ranging from $600,000 to $1 million for the 4th Quarter ended…
— ABQQ (@ABIntlGroup) September 13, 2024
Now that they are doing this dilution these loans will create...it is not really a smart move to RS. These loans will effectively give 75% ownership to Alumni. If Deng...who knew the licensing revs were coming and the streaming on ABQQ. TV....would have RS at 1/2000 it would have put the OS at 1.15 million with a year end profit of 250K...that would be .22/share. Yes you would have less shares but the price would adjust up to equal. For example if he had executed when pps was .001 it would go to 2.00. What comes next? Well if you take the .22/share x a normal 16x P/E the price would adjust up to 3.20...and even more looking at the 150-250k revs projected to BEGIN the streaming in Nov and only to "significantly" grow as movies are added. Then the company could have floated 1 million shares and ask 4.00 and funded the capital needed for the movie distro subsidiary so necessary to do biz in China. We would have been set up perfectly...and so would Deng. But he screwed it all up.
Nice 4.5 million will go a long way. Hopefully the good news keeps coming!
short sellers moving on this stock most likely
Looks like they are committed to this ridiculous loan
$ABQQ NEW FILING! https://t.co/eNu23IvEAc
— Imay Noko (@ImayNoko) September 5, 2024
Chinese new year in Jan 29, 2025
https://x.com/ABIntlGroup/status/1831711226201780452/photo/1
Man this ceo is working this business like a boss...but the loan is the suck.
I guess to do business in China you have to have some connection to the government...this seems to be a way to do it. Huaxia is a government owned entity...so having a joint venture with them will open it up. Complicated... wonder how much of the money will be allowed to flow out of country.
While reducing shares is great...we have burned $150,000 to retire 150 million shares. He still has not explained what the loan money will be used for. Plus these were purchased from individuals who seem to be on the inside as the ceo is communicating with them. He will not be able to purchase shares from the open market...because the share price is being artificially held down by the loan warrant clause of .00128/share. I believe he would be open to being sued for manipulation. So what is the strategy here that represents the shareholders?
I asked them on x/twitter to explain why they need to loan money in the first place.
Wow. This is awesome, from the last pr. It means the company will no longer pay for movie rights as they can upload directly to the streaming service provided by abqq.tv. Seems that the 150-250 thousand per month revenues will be nearly all profit ...initially and grows from there...and the embedded advertising on top of that. Starts in November 2 months away.
The Company will open ABQQ.tv for industry learnings to allow the film’s owner to upload to the website. This empowerment service called “Cinematic Language Immersion” Partnering is a feature where viewers can watch a movie or series, and through an interactive overlay, learn the language or cultural nuances in real-time. Think of it as educational entertainment where you're not just watching, you're learning. ABQQ.tv has constructed an official launch, taking place in November. This service is working with the broadcasting rights owners of more than 1000 movies. This greatly alleviates the financial pressure on the purchase of streaming movie rights.
https://ml.globenewswire.com/Resource/Download/e8caedaf-abce-46bd-b12a-0c2e494a3eab/abqqtv.jpg
https://ml.globenewswire.com/Resource/Download/afb8e4a3-d0c9-491e-8dea-a43f3081657b/abqqtv-1.jpg
https://ml.globenewswire.com/Resource/Download/0ac270d0-4445-4b5f-af36-2f9fb61d56fd/abqqtv-3.jpg
This unique video streaming service could imply opportunities for product placement or embedded marketing within their content, especially given our focus on movie licensing and streaming. This service could be leveraged for embedded marketing, where brands or products are integrated into the movies.
There's a noted trend towards embedded marketing, especially in content that can be streamed or viewed online, which ABQQ.tv's service model would fit into. This includes product placements that are relevant to the storyline or context, ensuring authenticity and integration.
Some discussions around embedded marketing highlight that it's not always about cash exchange but can involve barter trades. ABQQ.tv, with its focus on content, might engage in similar practices where brands could be featured in exchange for services or products. ABQQ.tv could allow brands to place their products within the movies, aligning with the content's narrative for authenticity.
Brands might be integrated into the broader content strategy of ABQQ.tv, not just in movies but potentially in promotional content, trailers, or special features.
ABQQ.tv might engage in partnerships where marketing involves more than just placement, like co-branded content or events tied to movie releases.
“The initial launch of the business is based on the number of films participated, with an expected monthly revenue of $150,000 to $250,000, with revenues set to increase significantly as the number of new films come online,” Chiyuan Deng, ABQQ’s CEO, stated.
I guess. But there was heavy shorting Friday and Monday...and you see the drop today as the shorts are moving to cover. And who can blame them...with the 1.5 billion warrants at .00128 they have no price rise risk. They are going to short this to death until the situation changes. I don't like shorting and have never and won't ever do it....but it is a reality of trading and I'm trying to break this trap so us longs are in control. Need us all to get on the ceo to get us out of the dumb loan if not a RS...
I believe strongly in what I am saying. The goods are there on this one. Should argue it. This stock should be running and running big. Just an enormous mistake made by this ceo that I would like to have reversed.
You cannot assume that. Agreed it doesn't make sense...in whose interest is it to hold it down? Why would anyone hold it down?
If they do the 1/2000 I will be buying every share I can get immediately after. CEO can work this business like a maestro, market is huge, full of people who love movies, have money, and love technology.
The only thing stale here is the pps...stuck because of a huge os and warrant of 1.5 billion shares at.00128. Every other trip I have ever seen...even with billions of OS who have this kind of info and prospects runs...on catalysts that are sketchy...this one is real and awesome potential. Don't you agree the potential here is strong?
If the ceo had issued this last pr expecting 150-250 g a month revs and the cinematic innovation and the platform that will vastly reduce costs to acquire movie rights in BOLD letters....before all this other RS cancel and loan agreement I would have not a sold a single share. But I played it based upon the info I had at that time.. 5x bagger on this stock as it is now is NOTHING. If they RS and clean up the loan this could be a thousand dollar stock someday IMO. The upside is enormous.
Good reasoned point but...you can always sell your shares...the institutional investors will certainly take them...because there would be institutional holders all over this.... with that low OS it would be prime for a quarterly divvy based on strong earnings per share. But there are 2 factors that you always want1. high as possible earnings and low as possible OS. RS gets you there quick and painless...slogging it out repurchasing a minimum of 3.7 billion shares as of now with the warrants will burn all profits and take a long time.
Go to otcshortreports.com. Type in abqq. The shorts are high the last frew days since the RS was cancelled. That's because they know this stock locked down by 1.5 billion warrants at .00128...they have no risk it will run. Start using your brain here guys. At 2.3 billion OS the profit per share is basically zero. If there is a 1/2000...the earnings per share is .22/share...and with a OS of 1.15 million who exactly would sell there shares low enough for a short to cover? They know that too.
Doesn't matter where I am in at. I sold enough to get all my downstroke back....the smart way to play a sub penny....plus a couple thousand profit. So the shares I hold are freeriding so it doesn't matter what I am in at. I have no risk. My reasoning for wanting the RS is to maximze all of ours returns. if you think the stock will go up with 2.3 billion shares because the company is rapidly rising....why would it not go up after a RS? Who would shart a stock that is posting .22/share profit and has indicated monthly revs are skyrocketing
yes my shares are 2's. But we have all the information we need to know this company is a gigantic financial gem. I have been hit several times with RS's and wiped out. But it is because the companies were crap. This company is in an emerging industry and has a niche market that is largest population in the world..and the wealthiest as well. I love the action in the sub pennies. The circumstances here are unique...everything is pointing due north man...we want to OS to be a little as possible... this is one of the rare instances where a RS magnifies the current shareholders investments.
Unreal. Can you imagine if we did the 1/2000 RS. Today you would have an OS of 1.15 million shares. Yearly income of $250g. And now a pr that the company will bring in between 150 - 250 thousand in revs each month...to begin with...and it will grow as new movies are added. Saying it again....all on 1.15 million shares.This stock would be making us all strong strong gains. We have got to get the ceo to clean this loan mess up and execute the RS.
Of course they...what else is there to look at?
Every 10Q and 10K say that...even for companies doing well. It is boiler plate language included to cover their asses if something bad happens and a stockholder suit is initiated. Besides the number and future is burning white hot for the stock....now if only the ceo wasn't ruining it with bad loan agreements.
Yes the credit line works like that. But the warrants are given to the lender at their option. It is what you have to do to get a loan from a loan shark lender. But again...why set up a credit line with dilutive terms...and then burn earned cash to retire debt at basically the same rate? It is beyond belief. too many people here just assumed a RS would destroy their positions...but once this phoenix began rising...and rising so fast...the RS is the magnifying move for shareholders benefit.
Thank you mustang. But a RS would be the best thing for the current shareholders. If they executed it the OS would be 1.15 million shares. That is incredibly low on a profit of .22/share for the year end this stock would skyrocket. This is biggest blown opportunity I have ever seen.
Are you stupid is the real question. This ceo just agreed to give the Alumni lender 1.5 billion warrants at .00128. It will take years for the stock price to rise over that...why would anyone buy a share for more than that price...because they would execute the warrants and dilute the shit out of OS. Again...and think...does it make any sense to set up a credit line that can dilute a total of 4.5 billion shares...but now just after committing to it...use the cash flow generated from operations to buy back stock at .001? If freakin' doesn't.
For the love of god...do the 1/2000 RS. When a company is in bad shape with no path forward a RS magnifies the loss for the stockholders. But when a company has been down and diluted but begins positive cash flow...and this one has huge upside and potential...then a RS magnifies that positive. Cancel the equity line and that ridiculous Warrant of 1.5 billion shares at .00128 and execute the 1/2000 and lets watch it fly. Today's pr with 100,000 income monthly this thing should be running...but the warrants at .00128 will keep the lid on it FOREVER. I wish the people on here would see this and suggest to the ceo to straighten this out.
Anybody got a link to the interview Brian did yesterday on Benzinga? I can't seem to find it. Thanks
They did not know that $800,000 was coming in and the ceo would say the yearly 10k would show a profit of $250,000. If he announces both at the same time the reaction would be much different.
Does it make any sense..at all..for the company enter into a credit line where dilution is massive...and then turn around and burn cash to retire shares? If the ceo had said that with the $800,000+ was coming in and the year end was going to be a profit of $250,000...and announce the RS at the same time it would go up. A RS only reflects the direction of the company. The stock dropped to 1 when the loan agreement was announced...because it is a thoroughly shitty and ruinous deal. The RS was announced a while back. I held 15 million shares at an avg of 4. I sold 10 to get my cost back and bank $4,000 profit. Holding 5 million shares cost free because the potential of the company is enormous...if they smarten up it can happen.
You are looking at this wrong. If they had done the 1/2000. The total shares outstanding after would have been 1,150,000. That is insanely low. Then say the share price had been .0005 on the day of the RS...it would now be 1.00. Same day they publish the year end 10k that shows a profit of $250,000. That will show on the bottom line as earnings of .22/share. Do you understand the frenzy that would occur for new investors wanting in? A stock at 1.00 earning 22% , no debt, and only 1.15 million shares, with a company that is on track to establishing a niche in a gigantic market. It would go to 4.00 easy if not a lot higher. You would quadruple your money on day one. And as the company grows you ride it all the way up. A RS usually is done with a failed company where management had to sell shares to keep working capital...and the new managers/investors wipe out the existing stockholders. But if the company is organically coming out of a hole...and in this case spectacularly...it can be a huge magnifier. Seems the ceo and his advisers don't understand it. The opportunity missed doesn't seem to be fully comprehended here. We just have to hope they don't actually tap into this credit line and that the loan shark doesn't now have 1.5 billion shares on a warrant they can execute at .00128. Because if either happens, instead of retiring on this stock in a few years, you may realize a modest gain... because why would anyone buy into this stock as long as that warrant is looming.
To buy shares in the open market for retirement 50 million shares at .001 = $50,000. There goes the money to reduce the shares by 50,000,000/2,300,000,000 by 2%. The 1/2000 RS was the way to go. The price after would have gone UP...not down. So frustrating. An RS for a company that is profitable and has monstrous potential is a very good thing...what a huge opportunity squandered. Does it make sense that a company that makes enough money to pay back a ceo loan and buy back shares needs to agree to a line of credit with such horrendous terms and cost? How can this be happening? This is not representing the interest of the shareholders.
Now that the RS is no longer...and the loan agreement provides the Alumni the ability to acquire 4.5 billion shares at .00128. Why would anyone buy any shares in the open market paying more that .00128? Seems this ceo has listened to some really bad advice in the area of finance.
So I played this down the middle. I had 15 million shares but sold 10 of them at.001. I pocket an overall profit of $4,000 and still hold 5 million shares free. My reason is this whole loan and RS scenario is nonsensical. You know you are becoming profitable...a RS is the smart play. The big fear is always after the RS the price dives and you get wiped out...we have all been there. But...if a company is making money and has very promising prospects...the price after the RS should go up. Here he says that after the 3 licenses the company will make $250g. So if they did the 1/2000 the total OS would be 1,150,000. Take the 250,000/1,150,000 shares =.22 / share. With a P/E of 16 the stock should go up to $3.50 range. THEN...you can sell some minimum diluting shares but at market premium...and off you go with lots of cash and a low low low share count. But instead they enter into a totally crap shark loan agreement that if executed triples the OS and dooms the company any chance of making money for stockholders. For the life of me I wonder who is advising the ceo...who otherwise seems like a very sharp guy.
So I played this down the middle. I had 15 million shares but sold 10 of them at.001. I pocket an overall profit of $4,000 and still hold 5 million shares free. My reason is this whole loan and RS scenario is nonsensical. You know you are becoming profitable...a RS is the smart play. The big fear is always after the RS the price dives and you get wiped out...we have all been there. But...if a company is making money and has very promising prospects...the price after the RS should go up. Here he says that after the 3 licenses the company will make $250g. So if they did the 1/2000 the total OS would be 1,150,000. Take the 250,000/1,150,000 shares =.22 / share. With a P/E of 16 the stock should go up to $3.50 range. THEN...you can sell some minimum diluting shares but at market premium...and off you go with lots of cash and a low low low share count. But instead they enter into a totally crap shark loan agreement that if executed triples the OS and dooms the company any chance of making money for stockholders. For the life of me I wonder who is advising the ceo...who otherwise seems like a very sharp guy.
The company made a profit per their last fin report. How many 1's show a profit? Granted it isn't audited nor a 10q...but still they have action and the 2 movies could be the catalyst they need to real growth. Worth the chance and risk.
I just went ahead and bought 80 million to add to my 20 I already had. But you have to play bigger when odds seem good. There are some solid and very respected and successful industry people involved...I mean Ron Howard has never made a bad movie and Jennifer Lawrence I think has the tude' to play this role. Getting in at 1 on such a promising catalyst was something I just couldn't resist lol. Of course it could all fall flat.....who knows for sure.