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If you build they will come….
“Get Paid with Crypto Easily
Attract more customers by diversifying your payment options with our upcoming online payment processing solution for crypto transactions. Easily integrate PayAABB with your online shop and get paid in your preferred digital asset.”
https://payaabb.com/merchant-tools/
https://payaabb.com/cryptocurrency-shopping-cart-plugins-2/
Shopify Payments
Take advantage of seamless payment features, included in all Shopify plans.
Additional payments
*****Accept popular payment methods so you never miss a sale.*****
https://www.shopify.com/pos/features
So now the Mexican Nationals are in control of the company.
https://resourcehub.bakermckenzie.com/en/resources/global-mining-guide/latin-america/mexico/topics/global-mining-guide
Restrictions on foreign investment
The Foreign Investment Law allows full foreign participation in mining activities. Foreign investors may wholly own Mexican mining companies. *****No authorization is required from any governmental authority.*****
In Mexico, Mining Concessions over ore deposits may be granted only to Mexican nationals, Mexican companies, ejidos (land granted by the government to individuals for agricultural and ranching purposes), agrarian communities, townships and indigenous communities. In the case of companies, they must be domiciled in Mexico, and their bylaws shall cover the exploration or exploitation of minerals and substances subject to the Mining Law. Foreign participation in the ownership of such companies must comply with provisions of the Foreign Investment Law, which currently does not impose any limitations with respect to mining, except for radioactive materials.
In addition, the Constitution provides that *****only Mexicans by birth and Mexican companies are entitled to obtain Mining Concessions, ***** but the Mexican Government may grant such concessions to foreigners upon condition, since foreigners must agree before the Ministry of Foreign Relations to consider themselves nationals with respect to such concessions, and not to invoke the protection of their governments in relation to such concessions, upon penalty of losing the concession to the Mexican Government for breaching this agreement. Accordingly, the Foreign Investment Law provides that the authorization from the Mexican Government for the acquisition of a mining concession must be deemed granted should the Ministry of Foreign Affairs not publish its rejection in the Mexican Federal Official Gazette, within five business days following the submission date of the concession claim/application.
Little AABB history on Guerrero Gold Belt Mine than some here keep on questioning.
“Asia Metals Inc., announced today that it has received the second installment of $9 Million, per its joint venture agreement with Qiangda Investments & Economics & Co., Ltd., for the large scale expansion of the Company's mining operations in the state of Guerrero, Mexico. The agreement guarantees a $34 million capital commitment allocated over a 3 year period on a time-lined payment schedule to earn-in a maximum 40% equity interest in the Company. The schedule consists of a $5 million initial payment that was received in October 2018 earning a 6% equity interest in the Company, a $9 million minimum payment in 2019 to earn a further 10% interest, a $10 million minimum payment in 2020 to earn a further 12% interest and a $10 million minimum payment in 2021 to earn a further 12% interest. The joint venture capital has been allocated specifically to expand the identified resources within the Asia Broadband properties and build out a new production processing facility with greater efficiency and capacity, but also includes provisions for new exploration expenditures.”
https://www.prnewswire.com/news-releases/asia-metals-inc-receives-9-million-second-tranche-of-34-million-joint-venture-funding-300971749.html
“QIEC is a holding company and facilitating subsidiary of an Asian conglomerate. Its operational objective is to secure physical gold supplies for it affiliates’ manufacturing demand and to build an investment hedge that mitigates the risk of instabilities caused by fluctuations in markets and world economic conditions. In 2018, QIEC signed an agreement committing $34 million allocated over a 3-year period to earn-in a maximum 40% equity interest in the Company. The investment funds were dedicated to the expansion of the Company’s gold production and property exploration operations in Guerrero, Mexico. To date per the agreement, QIEC has disbursed $24 million and earned a 28% interest in the Company. AABB jointly operates a management committee with representatives of QIEC to oversee, approve and direct budgeting, capital expenditures and decision-making regarding operational processes and expenditures.”
https://apnews.com/press-release/globe-newswire/business-corporate-news-latin-america-and-caribbean-north-america-mexico-19dc25d15f0b734b7488d8f286978b80
“Asia Metals Inc., announced today that the Company has completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt (GGB), Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. (QIEC). The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company. Additionally, all of the operational controls and authorities of the property and facilities have been transferred to the new ownership’s designated management personnel.”
https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html
PP congratulations on becoming moderator here. Good we have one more good DD voice here. Keep up good stuff coming. Cheers!
Davis 2023 “Crypto payment systems”
43:00 minute…..
Both of mine are separated but heard from Canadian friends that they were commingled already but they did not get dividend on last year dividend distributed.
Same here.
Could you have more shares now than in May of 2021?
Last year distribution was 1:45 and now as of September 15th. 1:100
My distribution looked OK. No dividends on restricted shares from last year.
https://asiabroadbandinc.com/bernard-velez/
Bernard Velez – CFO, Secretary, Treasurer & Director
For the past 14 years of his career experience, Mr. Valez has continued to develop his diverse skill set as a *****professional consultant in areas of finance, accounting, business administration and operations management. *****Mr. Valez has held tenured positions in various consulting roles across numerous business sectors with BGO GOPA BUSINESS CONSULTING SC, HLB VARGAS GRAF Y CIA S.C. and GRUPO ZETA. One of the primary strengths that Mr. Valez brings to the Company is his broad network of resource consultants available to engage as required. Combined with his extensive educational background holding degrees in Economics, Occupation Health & Safety Management *****and Tax from the University of Guadalajara, *****Mr. Valez will lead Asia Broadband’s business administration and consultancy group to elevate operations to the next level.
Could there be some tax planning here?
https://www.steptoe.com/a/web/2630/4358.pdf
Spin-off with restricted shares?
https://stocktwits.com/OverseasInvestor/message/492745870
There’s some chatter that some got their dividends as some kind of spin off.
Not sure is happening here nevertheless very interesting.
“Spinoffs are a corporate action in which a company releases value to shareholders by separating two or more divisions currently existing within the larger entity and listing them separately. You might think this sounds like an IPO, but shares of the newly listed company(ies) are given to shareholders of the parent company whether they want them or not. This last point throws up a whole heap of dynamics in terms of value, which we will go into shortly.”
https://www.forbes.com/sites/jimosman/2022/09/14/ipos-are-dead-new-companies-via-spinoff-offer-extreme-value-here-are-3-situations-to-watch/amp/
Chris and BOD just got 280k of these dividends, you think they’ll make them worthless?
Dream on.
“A total of 28 million non-convertible, preferred shares were issued at the par value of $0.10 per share with each share having 100 voting rights *****and equal participation with common shares for all future dividends.*****The Company President and CEO, Chris Torres, purchased $2.4 million of the total preferred share issuance. The entire $2.8 million share sale proceeds will be allocated to the Company’s capital expansion programs.”
https://www.globenewswire.com/en/news-release/2022/04/26/2429000/0/en/Asia-Broadband-Completes-2-8-Million-Directors-Investment-To-Advance-Expansion-Programs.html
I see some noise about SHOP connections to AABB.
https://stocktwits.com/alidare/message/492588081
Who knows while spoofing price here and already destroying VYGVQ…..
https://bitcoinist.com/why-schwab-citadel-fidelity-launch-crypto-exchange/amp/
Why some friends getting this symbol next to their dividend at TDA?
https://stocktwits.com/awizardinasock/message/492559173
These were his last words.
Let’s see what’s next.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170256459
TD just distributed the Dividend.
Now on to the next Dividend.
What will it be ……..
TicTok TicTok
Goodbye PYPL and Hello PayAABB…..
https://viewfromthewing.com/paypals-objectionable-terms-are-back-2500-fines-for-content-they-dont-like/
Who?…..
“The exchange will be led by CEO Jamil Nazarali, formerly a senior executive at Citadel Securities, billionaire Ken Griffin's massive trading operation. Other high-profile EDX backers include trading firm Virtu Financial (VIRT) and venture-capital firms Sequoia Capital and Paradigm.”
https://www.coindesk.com/business/2022/09/13/charles-schwab-citadel-fidelity-and-others-start-crypto-exchange-edx-markets/?outputType=amp
Q4 and Annual reports that’s when we find out what was really happening this days.
Might be mid to the end of March.
Why don’t you give Benny credit sometime as for him saying “Cowboy Clive have the bull by the horns”.
Guess will find out more in mid March.
Restricted Dividends received at Charles Schwab and eTrade, TD and Fidelity not yet.
Should be anytime now.
Dividends are starting to show up in some accounts. My contacts from Canada and Europe got them first and today showed up at Charles Schwab.
More reports on the way.
Stay tuned.
I know, I know they are restricted for 2 years.
NFT Dividend ——> The case study….
“With a share price of $3.50, that means anyone who has put more than $350 into EV Biologics will be getting a $300 NFT. Not a bad trade-off.”
https://www.nftqt.com/nft-dividends-the-first-corporate-issued-nft-dividend/
The smoke signals were here b4.
Who know what’s up with this.?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170256459
Still mulling over the situation here? They chasing Benny away then they are missing him. Make up your mind. He’ll be back as always.
PS. 2.06 reversal mulling somewhere.
What are Some of the Benefits of Owning an NFT Monkey Art?
https://theninehertz.com/blog/most-expensive-nft-monkey-bored-ape
“Our entire management team is committed to the Company’s growth and profitability and we have emphatically demonstrated this with a substantial long-term investment to fuel the expansion of our gold production and digital asset divisions. Our focus and determination to succeed in every area of the Company’s business has intensified now with our capital contribution", affirmed Chris Torres, AABB President and CEO.
AABB continues to implement its mining production and acquisition strategy to optimize capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise available for accelerated expansion and duplication of the Company’s previous gold production success. Additionally, the Company’s digital asset division that includes the AABBG cryptocurrency token, AABB Wallet, AABB Exchange and NFT’s continues to develop and expand rapidly into 2022.”
https://www.globenewswire.com/en/news-release/2022/04/26/2429000/0/en/Asia-Broadband-Completes-2-8-Million-Directors-Investment-To-Advance-Expansion-Programs.html
The dividends are very important part of the future for this company, first dividend still restricted for 9 months, second dividend for 2 years but the 3rd. Surprise dividend might be very interesting.
Company directors can’t do much with their restricted preferred shares except for voting power and future dividends they are counting on.
“If they’ll build they will come”
“A total of 28 million non-convertible, preferred shares were issued at the par value of $0.10 per share with each share having 100 voting rights ****and equal participation with common shares for all future dividends.*****The Company President and CEO, Chris Torres, purchased $2.4 million of the total preferred share issuance. The entire $2.8 million share sale proceeds will be allocated to the Company’s capital expansion programs.”
https://www.globenewswire.com/en/news-release/2022/04/26/2429000/0/en/Asia-Broadband-Completes-2-8-Million-Directors-Investment-To-Advance-Expansion-Programs.html
PS. 3rd dividend should be fun.
Lots accounting as who owns these dividends to whom. I think I got some of them air shares from whoever needs to cough up these divis to me.
Dig that hole deeper!
“Last Monday, Walmart Global Chief of Technology Suresh Kamar said the company plans to create NFTs inside a metaverse.”
“Walmart is in the early stages of adopting crypto for its payment systems… and will be testing its products and transaction systems to be as efficient as possible for its shoppers.”
“Fidelity will let its institutional customers trade and invest in Ethereum starting October 28.”
https://www.curzioresearch.com/walmart-sets-the-stage-for-crypto-payments/
11:00 min mark….
Digitizing gold will unlock a door to new investors – World Gold Council CEO
“Every token will be fractional. All gold will be fractionalized. The token will be a representation of gold, literally. I'm asking for the entire ecosystem, the gold ecosystem, all the banks, all the repositories, to convert that gold into a token taxonomy agreed on across the universe.”
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/digitizing-gold-will-unlock-a-door-to-new-investors-8211-world-gold-council-ceo-72411140
Why crypto remittance companies are flocking to Mexico
“The benefits derived from digital currencies have made Mexicans see how exploitative banks have been thus far with their charges, and the general comparative inefficiency has made them distrust traditional financial institutions in general. With a little more regulatory push, the country’s remittance inflow may be dominated by cryptocurrencies.”
https://cointelegraph.com/news/why-crypto-remittance-companies-are-flocking-to-mexico
Right time at the right place…..
Hope we will find out soon about the 3rd. secret dividend , sure looks like NFT might be it. The technology is much better this days.
“While blockchain is a disruptive force in the capital markets, there haven’t been many IR use-cases identified yet – but Overstock could be paving the way
Overstock, the Nasdaq-listed online retailer and technology company, made history last spring by offering a digital dividend, also known as an 'airdrop' in blockchain parlance, to its 40 mn shareholders. One digital share of the OSTKO blockchain-based security token was offered for every 10 shares owned of Overstock.”
“The token debuted at $10 in May 2020 and was trading at $73.50 by early February.”
https://www.irmagazine.com/technology-social-media/how-overstock-used-blockchain-distribute-its-digital-dividend
Little AABB history on Guerrero Gold Belt Mine than some here keep on questioning.
“Asia Metals Inc., announced today that it has received the second installment of $9 Million, per its joint venture agreement with Qiangda Investments & Economics & Co., Ltd., for the large scale expansion of the Company's mining operations in the state of Guerrero, Mexico. The agreement guarantees a $34 million capital commitment allocated over a 3 year period on a time-lined payment schedule to earn-in a maximum 40% equity interest in the Company. The schedule consists of a $5 million initial payment that was received in October 2018 earning a 6% equity interest in the Company, a $9 million minimum payment in 2019 to earn a further 10% interest, a $10 millionminimum payment in 2020 to earn a further 12% interest and a $10 million minimum payment in 2021 to earn a further 12% interest. The joint venture capital has been allocated specifically to expand the identified resources within the Asia Broadband properties and build out a new production processing facility with greater efficiency and capacity, but also includes provisions for new exploration expenditures.”
https://www.prnewswire.com/news-releases/asia-metals-inc-receives-9-million-second-tranche-of-34-million-joint-venture-funding-300971749.html
“QIEC is a holding company and facilitating subsidiary of an Asian conglomerate. Its operational objective is to secure physical gold supplies for it affiliates’ manufacturing demand and to build an investment hedge that mitigates the risk of instabilities caused by fluctuations in markets and world economic conditions. In 2018, QIEC signed an agreement committing $34 million allocated over a 3-year period to earn-in a maximum 40% equity interest in the Company. The investment funds were dedicated to the expansion of the Company’s gold production and property exploration operations in Guerrero, Mexico. To date per the agreement, QIEC has disbursed $24 million and earned a 28% interest in the Company. AABB jointly operates a management committee with representatives of QIEC to oversee, approve and direct budgeting, capital expenditures and decision-making regarding operational processes and expenditures.”
https://apnews.com/press-release/globe-newswire/business-corporate-news-latin-america-and-caribbean-north-america-mexico-19dc25d15f0b734b7488d8f286978b80
“Asia Metals Inc., announced today that the Company has completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt (GGB), Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. (QIEC). The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company. Additionally, all of the operational controls and authorities of the property and facilities have been transferred to the new ownership’s designated management personnel.”
https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html
Not so sure about it as some claimed can’t be done if shares trading under .05
We will find out in Annual and Q4 report due by March 30th.