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It’s important, will never get of the pinks, even to move up the OTC higherarchy more stringent financial reporting will be required. They call them the stinky pinkies for a reason.
Jokers to the left If me, clowns to the right. Benny the fool fits both- just a paid promoter or some nit wit looking for attention.
Wonder what this guy thinks of AABBG:
https://www.yahoo.com/finance/news/bitcoin-whale-michael-saylor-urges-123024945.html
I think we need a proven and verified source a revenue, to get there the mines need to show proven and estimated gold over years, an exchange, wallet and payment system that works 99 percent of the time and used by many more than now - market it, share reduction, stop the endless dilution. The horror, an audit of all assets and liabilities. The list can go on you get the picture.
Musk on the allure of wishful thinking, luckily my investment here is paid for from last run into .60s. Some of this is probably going on.
“One of the biggest mistakes people generally make, and I’m guilty of it too, is wishful thinking. You know, like you want something to be true, even if it isn’t true. You ignore the real truth, because of what you want to be true. This is a very difficult trap to avoid.
Wishful thinking is like the thrill of a lottery ticket. During a window of time (whether it’s one day or one lifetime), rational thinking is replaced with a beat of a heart and a hope that something important will happen. Whether it’s plausible or not is irrelevant.”
BTC is $30,053 on KITCO
Always with the weasel wording, like expecting to receive. They should be saying the company will receive the geo report. If the samples have been collected and the essay firm is doing it’s analysis they will be receiving results not expecting to receive. Good grief.
Another PR, as Foghorn Leghorn would say - “ a lot of chopping but no wood chips are flying.”
Yes requirements to be on OTC pinks are slim to almost none. It’s the Wild West cess pool trading exchange. To many cons and Charleston’s reside there. What most investors want in transparency with independent third party audits of all assets and regular filings with the SEC. Pump and dumpers like the puff PRs, penny flippers and gamblers swarm to it like flies to an out house. Benny is way of base as he tries to rationalize staying on the OTC pinks - just a side show barker.
I would sure like to see a screen shot of what you claim. There is no demand for the tokens when trying to sell - thus no liquidity. Currently it’s dead money if you can’t find buyers.
Like the saying goes - there is a sucker born every minute for those believing this hogwash.
Pathetic, people have bought the coin but can’t exit their position - no liquidity. So they are selling a so called asset that is not fungible. The company need to address this or investors should band together and file a class action if SEC does not step in.
No he and others talk about cutting certificates which is a whole different kettle of fish vs share by back to retire. That theory my have potential only time will tell .
Gold stocks that are quality are on the move. Ones that have proven estimated and actual reserves. AABB is not there yet.
Well ya, the price of gold is going up token tied to the price of gold. Don’t need to be Sherlock to surmise the obvious. What would be news if people were paying a premium in addition to gold price increase. No premium here still have million of the original released tokens to sell . I will just buy real gold, so far this is a real stinker.
They also believe in unicorns.
Hogwash, just another puff PR LEADING investors to think information will be provided. What is the purpose of providing such info if they don’t follow up. It’s the kind of stuff flimflam entities do - you no conmen. Start walking the talk. I see a lot of chopping going on but no wood chips flying.
Lately it’s been anything less than power hour. Currently the market is not buying the AABB story. Their financials have zip credibility in the retail market. Are there charlatans afoot- many think so.
The power hours of old had significant volume - 100 to 200 million of volume in a day. There is nothing powerful about the current volume. Get the dam mobile app up and running and finish the exchange.
Well finally we here the truth, they may take years to deliver - doesn’t quite match up with projection of 1 and 5 dollar sp predictions. By the way please share the SEC rules regarding cut certs to retire shares . Bet you can’t or won’t.
What a ridiculous answer. All you do is pump and deflect. The company gave guidance on the mobile app, full exchange launch, global marketing initiative and further mining operations. They need to deliver now you need to quit making excuses for lack of execution.
Explain how he is going to retire these shares without the company having to buy them back which will cost a ton.
Will the NFT announcement be part of the liquidity improvement:
Liquidity. The fact that non-fungible tokens can be traded instantly increases their liquidity. The target audience on different NFT marketplaces may vary from rookie players to hardcore traders. It means that digital assets are exposed to a greater pool of buyers.
Tend to agree, the theories floated around out their about so called friendly note holder seems a bit dubious. I don’t think anyone can donate their shares back to the company, they have to be bought back to retire. People need to start living and thinking real world not a world of unicorns.
Token is at 5.82 a gram of gold is around 6.10 wTF
Yes they said that and we are approaching the 5 month anniversary of that guidance. How about we get it done with the liquidity that allows one to move in and out of AABBG with ease. And of course the mobile app.
https://www.investopedia.com/biden-preparing-executive-order-on-cryptocurrencies-5216814
Nothing specific to AABB just crypto related.
I would like someone explain in detail how shares will be retired. My understanding is shares restricted or not have to be in the company’s treasury account. If shares are not in treasury account they have to be purchased in some fashion like a tender offer. For example 1billion shares at .10 would require $100 million, the company currently does not have that kind of cash for a share buy back. Is there some accounting magic or other scenario that allows retirement of shares without spending a ton of cash?
If so, put your money where your mouth is. Post the links detailing the info. Walk the talk Benny!
The points has nothing to do with what the law requires. It’s about financial transparency and sharing that transparency with current and future investors. It provides credibility and removes the stigma that follows this company around concerning fraud and pump/dump mentality. It allows us to get of the cess pool otc pink market exchange. You should only be afraid of an independent audit if you are trying to hide financial assets and liabilities on purpose . What would that purpose be?
Checked in, nothing new here. Sam the sky is falling group, the same it’s coming - just around the corner group.
Once again irrational exuberance displayed by some members of this board. These claims of $5.10 dollars $100 in the coming days or weeks are silly. I would hope for a slow and steady climb as the company and the exchange mature. I have traded junior gold miners stocks for 35 years, swings of 25 to 35% are common in that space. Since this is an OTC pink sheet stock and has some maturing to do it’s going to be volatile swings like this are probably going to be common. The sky is not falling nor are millionaires gonna be made in a day or a week
It’s one of the known unknowns.
The only action that will prove weather penny is right in his claims or get real is full of it, is a full blown audit of their books including all claimed assets including mines owned, all gold and cash claimed. This audit needs to be completed be a respected and credible independent third part accounting group. Until this is done imo AABB will continue to have a credibility problem with investors. Pink sheet otc are pink sheets primarily because they are not transparent regarding their financial status. AABB claims 80 million cash and could afford to take audit actions. If it walks and talks like a pump and dump it just might be that. Not saying you can’t make a descent profit here but you need to be very nimble and attentive. Falling in love with an otc pink sheet stock and not recognizing its inherent risk can be a dangerous game.
Yes E*Trade is incorrect, TDAmeritrade shows the 2 billion Plus outstanding also.
Yep on the last run into the .60s sold 1/3 of my position. Paid for my current investment and rolled a few bucks into PFE that has done well. Much less stressful playing with house money.
Someone explain to mr how Bonanza is a top 10 mine when it sold for 6 million, that’s cheap even for a Junior gold miner. If it’s that hot and known about wouldn’t it be worth more than 6 million - explain it to me with some real facts and data from an independent party.
Totally agree being on the lowest tier of the OTC is not the greatest place to be for attracting new investors. When you read the otc requirements for the pinks - sketchy at best. Not for the faint of hart, very high risk.
To retire shares it is my understanding the company is required to by them back - that is the only option. So to retire 500 million shares fir example the company would need to pay 100 million. So how is the company to retire significant shares when total declared not verified assets are approx 100 million. Someone enlighten me.