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Not what the company PR'd Benny .....AABB said it was due to the auditor being bombarded with inquiries from investors..Shall I repost?
BS on the "exchange generating revenue"....$2,765,812 in "Digitsal Currencies" listed as assets on page 8 of the 2021 year end filings. Guess we now know where the exchange traffic is coming from.
Story time with Benny....get your popcorn.
Questions get asked about the growing "digital currencies" listed as assets in the year end filings and now the exchange volume disappears. Cant make this up.
I also believe the reason the whole board was replaced with persons of Mexican citizenship was to act as a firewall for any future "mining concession" questions raised due the Guerrero concession fiasco. I think the last auditor was close to exposing this and the audit was terminated. Immediately after audit termination, the board was replaced.
I know he didnt prepare them. Also know he didnt review them. Yet he signed the disclosure/review on page 24 proving he is a figurehead only. That is why he needs to be replaced.
Benny Madoff, Bernard Velez needs to be replaced. There is a 10 million dollar error on page 8 of the filings. Simple math. If the CFO cant even do simple math addition of the companies own fraudulent figures, he is unqualified to be CFO.
Benny Madoff, Why has the "Digital Currencies" assets on page 8 of the filing grown to $2,765,812 in 2021 from 0 in 2020? Looks to me like AABB is the biggest user of the exchange to fool investors. The company is supposed to be "selling" digital currencies. This number in the asset column should be a decreasing number quarter to quarter, not growing. This is proof that the exchange traffic is being "spoofed" by the company. No one is really using it.
End of year financials were not good. Zero mining revenue for all of 2021. Increasing "digital currency" assets every quarter since wallet released meaning the company is padding the exchange traffic. Mistakes in simple math (10 million dollars alone on page 8). Zero significant reinvestment of the massive Guerrero mine sale "capital gain" can only mean the gain was false. Value of 30 million gold bullion in filing every quarter since Guerrero sale does not fluctuate yet price of gold has significantly since sale. people are starting to figure this out. Over 900 million shares converted to Whitecastle Capital at .0004 and dumped. Pumps are not working anymore......truth is out........fraud!
Could certainly be a fraud. No way to explain "digital currency" assets in the financials than the company shilling (outright purchasing crypto to pad illusion of liquidity) the wallet, desktop, and now app.
Funny how its 30 million quarter after quarter while value of gold since Guerrero sale has had significant swings.
Cant seem to figure where the "par values" of issued stock came from on same page as the 10 million dollar error. When you start crunching the numbers, you realize how bogus the whole report is.
Financials have errors and will have to be resubmitted. If it doesn't get done before March 31.........Flagged as "not current" by OTC.
Bernard Velez signed the financials with a 10 million dollar error on page 8 lol......Too funny. He sure looks good pointing at signs in El Salvador tho....lol
Page 8 of the Year end 2021 financials are pretty simple. Some folks are really confused on the shares outstanding and the "additional paid in capital". The 2 columns represent year end 2021 vs year end 2020. The share numbers are not a dollar figure so they are not put in the columns. That is what is confusing many. There are 2.5 billion Authorized shares. Year end 2021 issued was 2,393,944,690. Year end 2020 issued was 1,495,125,509. The dollar values to the immediate right same line are the "par values" year end 2021 of $1,405,007 and year end 2020 of $1,315,125
"Additional paid in capital" is its own line item dollar figure and has nothing to do with the share issued numbers.
Dec 31, 2021 Dec 31, 2020
Additional paid in capital: $ 26,549,383 $ 25,611,294
There are not repeat not "1.49 billion shares additional paid in capital. The company has the reigns to reduce the float by 500% to 300M shares. "
This quote is a false statement
Also need to point out that the dollar values on page 8 are not to be believed as there is a 10 million dollar error adding the "liabilities" column for year end 2020. These idiots cant even run a calculator adding their own fraudulent figures.
The reason this looks to be true as the "digital currencies" as an asset should be a decreasing dollar figure per quarter not increasing.
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