Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Go back and read the PR history on the sale with the 2020 financials. The payments for Guerrero were structured over time. A significant portion of Guerrero payments occurred in 2020 also reflected in filings. No capital gains tax is reflected in entire of 2021 as the cash and gold values from 2020 never changed and were carried over into all 2021 filings. Again the evidence is there in plain sight. Stop drinking the koolaid.
Want evidence this is a scam?? Look in the year end 2021 financials. They reinvested little to none of the mountain of cash and gold from Guerrero sale. Due to this fact as a US company, the "capital gain" tax liability would have been massive. The 2021 year end financials continue to claim they are sitting on the same amount of cash and gold a full year after the sale. Face it ..........it doesnt exist.
Too bad all the token sales and exchange traffic are as fake as the 30 million in gold. Look at "Revenues" on page 9.......only 120K!!!!!!! for first quarter 2022!!!!!! WOW, WOW, WOW,...!
Are we "dining like kings" on the 120k of revenue for the entire q1 2022 ??????? .........lol. I said many times the "recurring fees" and token sales were all smoke and mirrors..............easily manipulated to look like a ton of exchange traffic was taking place. Kinda like when they PR' millions of tokens "preregistered" before wallet release. ..........Mark Twain quote, "Esier to fool people than to convince them they have been fooled".....Twain was an OG!
Fire sale has begun. Game over!
This is going sub penny
And for the record, I dont believe Torres and the others bought a single preferred share. All about awarding undisputed voting rights to the board so shareholders wont question what's coming with massive bump to Authorized Shares. They couldn't just award themselves the voting rights as it would set off too many red flags (also illegal btw). The "purchase" is all a smoke screen. Guarantee zero cash was involved in the bogus purchase.
At this point if you still think there is going to be a shortsqueeze, moass, or Kenny G BS................might as well put all your hard earned money in a pile and set it on fire.
Only reason any of us contrarians saw this coming is (speaking only for myself) the experience of "paying tuition" to previous P&D's.....We have all been there. Just make sure you don't repeat the mistake. Called learning......gotta fall a few times before you learn to walk.
When Torres increases the authorized shares by several billion with his new 1:100 voting rights are you gonna continue "buying the dip"?????????
Blah...Blah ...Blah....MEGA NEWS....Blah...Blah...Kenny G...Blah...BONAZA IS BIGGER THAN ANYONE CAN IMAGINE....Blah...Blah..... Oh look, Yep, Stock price still going down. Game over........the kool-aid drinkers are starting to figure this out.
The all caps and bold fanboys are starting to see the correlation between the "MEGA NEWS" and price falling (Clive dumping). Wont be long now before huge rug pull.
The non convertible preferred shares with 1:100 voting rights are a dead giveaway that something really bad is coming. This was a move to give sole control of the company to the board of directors to act without current shareholder consent. The "purchase" is a smoke screen to cover its real intent. The shares technically have no value as "non-convertable". This is also smoking gun evidence that Clive has dumped all his shares. If he was still holding like the scammer that posts in all caps bold claims, he alone as the sole majority shareholder could vote to raise the AS. Guessing a ton of calls and emails to the company about the note got them a little nervous and this is the plan to make sure no one questions the next MEGA NEWS.
Reverse Merger, R/S, massive AS bump. Which is looking like a frontrunner now? The non convertible preferred share is a "tell". Who benefits?????? Learn to think outside the box. They are trying desperately to get out of the AS maxed out without cratering the price. There are only three ways to do this.
Pretty clear to me the preferred share hocus pocus was a means to firewall the board from the obvious onslaught of future unhappy common shareholders. Something is mos def on the way that is not going to be friendly to current shareholders.
"given or awarded" is a matter of shareholder vote. The board cannot do this. Again....not legal. Only a matter of time before class actions start flying. The board owned no common shares prior to this sale so no voting rights. No effing way this was legal. Got nothing to do with the definitions of the different classes of shares you posted.
Who or whom approved the sale of preferred's??????? Anyone else see the gross conflict of interest here? The board cannot approve a sale to themselves of nonconvertible preferred shares with enough voting rights to control the entire company. Not even close to legal........You dont need to be a 1,000 dollar an hour lawyer to know this. This may very well be the final nail in the coffin.
Last time daily 20 and 50 sma's "death crossed" share price dropped 50%........20 and 50 death crossed again on April 25.
What was share price March 31?.......Oh look.........Still going down.
You are not critical of Clives toxic note Benny so whats next? He cant get his next "nut" without a solution to the Authorized Shares being maxed out. Soo.........R/S.....Reverse Merger into another empty shell......Massive AS bump.....?????? The next Clive conversion is going to trigger an avalanche of selling and everyone knows it.
Price drop is going to be "BIGGER THAN ANYONE CAN IMAGINE".
BTW Benny. How did Clive exercise an "option at his discretion" to increase the note when he was not the original note holder? Not even legal. Like saying a third party bank can increase the principal on your home mortgage "at their discretion". .......WOW....WOW....WOW...Price going lower.
Blah..Blah..Blah...Benny. Oh look!.......price is still going down! What is your next pump job? Some of us want in early.
Anyone else find it strange Benny has never once criticized Clive's convertable debt? The dillution affects Benny's investment too.............or does it?
Toxic note and the all caps/bold BS is "BIGGER THAN ANYONE CAN IMAGINE"!
You suppose Timothylw is lawyering up along with others?
"Benny I sold my house. Getting cold outside. When can we see the billions share retirement and $5"
Remember this post Benny? "Wanna Bet Benny?......The fact that I know Clive has sold and the company refuses to do an audit means I am the one holding aces. Yes the price will go down ......on this you are most certainly wrong. 2 Billion future Whitecastle dilluted shares says I will get another ace or 2 on the flop, turn, or the river. Game over!"
The "sale" of preferred shares which effectively changed controlling interest (ownership) in the company without current shareholder approval is not legal. The board cant take any action such as this without a vote as they were not shareholders at the time of sale. I smell massive litigation in the future.
You do realize that these preferred shares could be converted into common shares in the future dont you? Happens all the time in pinky land. Guess who can vote on this by majority vote? This smells a lot like Clives note.....Could be 2.8 billion new bags to unload for "El Torro" and crew if converted at the voting rights ratio.
Yes the new preferred shares are "weighted" with 100 voting rights for 1 share. This gives them complete control of the company.
The weighted preferred share hocus pocus is a way to to frontload something they know shareholders will not be happy about. Mega bad news coming.
You now have solid evidence that Clive has sold. Issuing preferred shares with 100 for 1 voting rights was a way to maintain control of the company. They must have been bombarded with angry shareholders threatening to take control. There was no preferred shares in the registration statement. They just invented them out of thin air.
Try this again......spamming all caps and bold = liar pumper
They suspended SRGE.
Bullshit starman! Whole Scam is based on Guerrero mine sale. No proof of mine existence has ever been provided. Without the fake assets from the sale.....financials will crater stock price back to trips or lower. Several have reached out to AABB on concession number(s) for Guerrero and not once have they provided the info. Nor has AABB or Qiangda ever been registered in Mexico during the Guerrero time frame. The token wallet/exchange narrative comes unraveled when the gold from Guerrero doesn't exist.
DD has revealed Marc Applebaum has had his law license suspended by the state of California more than once. Where do you find these losers Benny?
Other "Captain Obvious" observation........Marc Applebaum is a California attorney who got his license suspended for 30 days and a year of probation. AABB is registered in the state of Nevada ........not California!!!!!!! The homeless bum sleeping behind the circle K closest to the Nevada "home office" has more legal credibility than Marc Applebaum!
There is a 10 million dollar error in the last filing but Marc Applebaum ( Lawyer who has had his license suspended at least once) rubber stamps all 2021 filings as "accurate"???????????......lol .....AABB is getting pummeled with questions about refusal to do an audit and this is the best they can do??????? Looks like panic is setting in. Now we got "hall monitors" taking names to sensor any contrarians. Looking more and more like game over for AABB.
Third party Audit = AABB kryptonite? Maybe retail shareholders (since they now own majority of stock) could force a vote and demand this be number one priority.
Do us all a favor Benny and let us know what your next pump and future ID will be. We all want to get in early.