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Looks to me like a lot of the token sales and exchange traffic are being shilled by the company. "Digital Currencies" show up as "other assets:" for the first time in any of the filings in the March 31, 2021 q1 filing right after the wallet launch. The number keeps growing and does not reconcile. If I didnt know better, the filings show the company is the biggest user of the wallet, desktop exchange, and mobil app.
Too funny....IR getting hammered with tax questions, marketing campaign, and etc...........Cue the PR "AABB has terminated the arrangement with current IR team due to excessive call volume from nervous investors".......Memba when they said this about last auditor??????
The lack of reinvesting any significant part of the 100 million profit from Guerrero in the 2021 year end filing to avoid capital gains is smoking gun evidence that it (sale of Guerrero) is a complete farce. You try showing a 100 million dollar profit from a 600 thousand investment on your personal tax return. IRS and SEC will suspend this soon just like SRGE and CRGP.
Benny Madoff, You keep stating "What part about joint venture dont you understand" like it some how negates the fact that company PR'd last Oct. the following:
LAS VEGAS, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a definitive joint venture agreement to secure a 75% interest in the Tequila Gold Mine Project and 100% of the current and future gold production from the property.
and:
The Tequila property is currently producing gold, silver and base metals from its 25 ton per day (tpd) processing facility and all efforts are underway to significantly increase daily production capacity with a mill facilities expansion installation in the first quarter of 2022.
PR clearly states owning 100% of current and future gold production and that Tequila is currently operating producing.
The 2021 year end financials and Feb Corporate Update verified this as false as no gold was produced/sold entire 2021. This is a lie they cant undo end of story.
Nice try Condor...not what was PR'd.
LAS VEGAS, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a definitive joint venture agreement to secure a 75% interest in the Tequila Gold Mine Project and 100% of the current and future gold production from the property.
What is your definition of "current"......Means immediate after signing the agreement. They lied ...end of story.
If they release a PR now after my last post, with a CFO/CEO quote, and forward looking statement, would indicate they are spending more time reading the message boards than being a legit company.
Also pretty obvious company does not want too many eyeballs on the ER as it was released very late after hours with no PR and zero quotes from CFO. They are trying too hard to keep it on the "down low". If the numbers were real no way it would not have been released with a PR, Quote from CFO or CEO and a "forward looking statement".
I think some of the "perps" are the Russians running Corestate. Late 2020 early 2021 Daniel Cheine created an account on Stocktwits to pump AABB. Dummy used a real photo of himself and his real name. Tried to change it after getting busted but the "internet never forgets". Then Daniel releases a PR last fall from Corestate on the progress of the AABB Exchange with the following quote in the PR for the stock,..."to the moon". He completely bypassed the AABB board and IR firm.......oooopsie. The scrambling after that goof was hilarious to watch.
Yes, and as you have mentioned previously..... stock suspension will be upon this soon as the three letter agencies get a copy of that 2021 year end financials.
When a company makes a 100 million dollar capital gain in a calendar year, 1 of 2 things happen. Capital gains taxes are paid or the money is reinvested same calendar year to avoid the tax (legit companies always re-invest). Show me where either happened in 2021 Year end filing. Its not there. I will say it again ...smoking gun evidence Guerrero sale was a farce. If you showed a gain like this on your tax return,...........how long do you think it would take for IRS to come knocking?
If you made 100 million from a 600 thousand dollar investment, You would immediately re-invest same calendar year to avoid massive Capital Gains. So would every other legit company. Smoking gun evidence in year end 2021 filing that the 100 million from Guerrero is a complete farce.
I dont believe the Digital Assets are from the IPO as the figure they provide does not reconcile. It is from something else.
Been saying for a long time that retail owns 100% control of this company. In fact, replacing the officers last year was not legal as there was no vote by shareholders. That is another reason Benny keeps peddling the lie that Clive is still holding. They dont want to lose control of the company.
From Oct 21, 2021 PR : "The Tequila property is currently producing gold, silver and base metals from its 25 ton per day (tpd) processing facility" . Youtube vids were also posted of Tequila processing plant "in operation"
From Feb 2, 2022 Corporate Update: "In 2021, the Company acquired two high potential gold property interests in Mexico, the Bonanza Gold Mine Project and the Tequila Gold Mine Joint Venture. Both properties are expected to have geological reports available in late February and gold production from the Tequila property is expected in March."
From 2021 year end ER page 9 all columns for 2021
Mineral Production Sales $ -
Cost of Mining Production -
Net Production Revenue -
Brokered Mineral Sales
Blank! What about this dont you understand Benny! Its called fraud.
Grab that cash is right. Traffic could be fabricated on the wallet/exchange. How else did the company come to own $2,765,812 in "Digital Currencies" as an asset on page 8 of the financials?
My "source" for Tequila processing plant video being fake is the companies own "corporate update" . In Oct 2021 they PR'd Tequila to be "currently operating/producing". Then the Tequila processing plant "in operation" video was PR'd shortly after. The "corporate update" in January 2022 specifically states no gold was produced to date from Tequila. The video was a fraud.
Notice the 2,765,812 in "Digital Currencies" listed as "Other Assets" on page 8 of year end 2021 filing? Could they be "shilling" the exchange traffic by purchasing other crypto? Could they be buying their own tokens to pad sales? Hmmmm
WOW! WOW! WOW!...975 MILLION DEBT CONVERTED SHARES TO WHITECASTLE CAPITAL IN 2021. DEF WORHTY OF ALL CAPS AND BOLD. LOL SEEMS TO BE THE NEW THING! ZERO GOLD PRODUCED SOLD IN ALL OF 2021 IN SPITE OF COMPANY FALSE CLAIMS BACKED UP BY FAKE VIDEOS IN OCT PR FOR TEQUILLA MINE.
Only one "RAT ON A SINKING SHIP" here Benny Madoff.................Guess who it is?
Gains from Guerrero sale were never re-invesrted. Should have been a significant reduction shown on balance for capital gains tax as that is how it works. Legit business's dont do this as they know the Tax bite on 100 million dollar profit from 600 thousand dollar investment would wipe out huge chunk of the "Capital Gain". The reinvestment would need to be made in the same calendar year as the Capital Gain. This without question is smoking gun evidence that there was no 100 million dollar sale of Guerrero. IRS and SEC will shut this down soon "MARK MY WORDS".
There is no 1.49 billion share buyback in the filing. That number is the total shares issued as of Dec 31, 2020....Go look at 2020 year end filing to verify. You think Benny Madoff would be able to keep his pie hole shut on news like that if it were the case???? No buybacks and we are back to the "Clive pulling certs" lie. Clive no longer owns the shares.......and cue the "skinned cats" posts.
Where are the Capital gains taxes for Guerrero sale in the filing? Cant declare it as "income from asset sale" without it subject to capital gains tax unless reinvested. Company is sitting on over 100 million in profit from the sale yet the new "purchases" in 2021 are tiny. They are spending like they dont have the cash and gold.
Some real Einsteins over at ST. One guy claiming to be an accountant convulsing over the 300% EPS increase. Take out the 67million that they show as income from Guerrero sale and "OOOOOPSIE" ......Several others struggling with page 8
Common A stock, 2,500,000,000 $0.0001 par value shares
Authorized, 2,393,944,690 and 1,495,125,509 Issued
They think the 1.495 billion number is treasury shares to be retired. Idiots dont understand that the 1.495 billion was shares issued as of Jan 1,2020 and the 2.393 billion is shares issued as of Dec 31, 2021.......Like I said true Einsteins...lol
William Snyder is required to file S4 with SEC if he acquired more shares as he is a more than 5% owner. Searched EDGAR database.......no S4 for AABB on any William Snyder. Something is rotten in Denmark.
All true Allison....sorry. Read the damn filing!
Look at page 21 and 22....Notice Clive is not listed as a 5% shareholder????? That means he no longer owns his debt converted shares. He still got another 100 mil last Oct. that got dumped on the desktop launch in Dec. Guarantee he got another batch that he is unloading that you will see on Q1 2022 ER. Zero gold produced/ sold in all of 2021. Remember the Oct PR for Tequila?? You know...with video of the processing plant "currently operating producing"...30 million bullion again. Funny how that number never changes with the fluctuating value of gold. This is gonna tank hard tomorrow......Thats why they released it "on the down low"...lol
Remember, they already told you in the "corporate update" that there was zero mining/production/sales of gold for all of 2021 so it will be in the March 31 Q4/year end filing.
Benny madoff is all out of "Mojo"...wait til the real March madness is revealed on March 31.
Are you longs glad you took Benny Madoffs advice to "Sell every asset you own and buy more AABB" ?????? Pay attention to the class action going on at Coinbase. They could be on the hook for massive losses for being an unlicensed broker/dealer not registered with the SEC.
Only in your "imaginationland" . lol ...You see any "disclosures" in my posts? Not part of any group.
WHAT'S THE RUSH Benny Madoff? ARE YOU A FLIPPER, GAMBLER OR PIKER, or just full of crap???
BTW Jim Chanos announced yesterday he is shorting Coinbase as he believes it to be a "bubble stock".......Also class action against coinbase as some of the tokens are listed as securities by SEC and Coinbase is not registered with the SEC as a broker/dealer.....hmmmmm
BTW Benny Madoff....havent seen any pics or video of any processing plant at the Jalisco warehouse leased space. Cant do assay results without one. Must be a "new way to mine". Never seen cores not processed onsite. When "prospecting" via drilling, a processing plant is moved to the prospect site to leave the tailings and wastewater behind. If Tequila and Bonanza were really close to "Activley producing/operating", The cores would not be transported offsite to a remote warehouse. The warehouse pics with the coresplitting vids fooled nobody with real mining experience.
I looked at level 2 and sales in real time Benny Madoff. MM's are not the bad guys here. Its Clive's note.....but you say "skinned cats" tho am I right? March 31, .........
Watching the orders in real time.....Clive is havin a real payday.
bUt BuT bUt tHe ApP.....
Say hello to Clive.
Talk to me March 31, when the Q4 filing comes out.
Einstein......where do you think the "updated info" comes from??????