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Can any experts on this situation explain what is he talking about?
Is this like running nakkid?
"He who sells what isn't his'n, must buy it back or go to pris'n."
_ Daniel Drew
https://twitter.com/koryamc1/status/1534943247335825411?s=21
Condor, don’t worry about BTC and AABB if they deliver as we expect the future is Golden.
Check this out:
I been posting this for sometime now even before BOD preferred shares purchase.
We might experience this soon in real additional actions….
Will this what will happen here?
“What is a Dual-Class Share.”
“In fact, Class B shares are often referred to as the founders’ class because they are reserved for people who created a company. In turn, Class B have more voting power than Class A. It may also be the case that Class B shares are given to special partners and investors. As such, this category can also be referred to as “advisor class” shares.
Labelling them as “founder” and “advisor shares” is a good way to remember that they are reserved for a few influential figures within a company. Therefore, anyone within this category has more voting rights than people with Class A shares under a dual structure.”
Summary
Dual-class shares may be controversial, but they are used by several big companies. The main things to keep in mind about a multi-class share vehicle are:
That a dual-class share structure gives more power to one set of shareholders
Certain shares will be tradeable by the general public and have less voting power
Others will be restricted to certain people and have more voting power
That is the nature of a multi share class vehicle, which is an aspect of stocks and share structures that is worth being aware of.
https://www.etoro.com/stocks/dual-class-stocks/
Condor you might want to follow this one shareholders opinion…..
https://stocktwits.com/MrDayTraitor/message/464797289
PP interestingly you mentioned KYNC as it had huge volume and action movement today and next week they are releasing their Super App, could this have something to do with planned dividend and timing. Plot is thickening.
Yeah, and plotting is on both sides.
The plot is thickening…..
I would like to get some of these remaining 22mill Preferred shares as dividends if the big boys don’t take them.
Anyone watching last year’s darling Voyager lately?
More power to AABBG exchange.
Voyager Digital Plunges on Three Arrows Exposure, Analyst Downgrade
The crypto broker said it's on the hook for about $370 million of bitcoin and $350 million of USDC and has asked for a repayment installment by Friday.
https://www.coindesk.com/business/2022/06/22/voyager-digital-requests-loan-repayment-from-3ac-considers-issuing-default-notice/
Invest in Companies with Exposure to NFTs
"The final approach to consider if you’re wondering how to make money with NFTs is to invest in companies that have exposure to these assets. If you buy stocks in these companies, you will receive indirect exposure to the NFT market, which allows you to benefit from its growth.
Given that the market only really took off in 2021, there is a limited number of companies that provide services related to NFTs. Coinbase is perhaps the most prominent company involved with these digital assets and is developing its own NFT marketplace, set to launch soon."
How to Make Money with NFTs – Conclusion
"To summarize, this guide has discussed everything you need to know about how to make money with NFTs, highlighting ten of the most profitable approaches you can take in the market. With the NFT craze showing no signs of dying down, there’s tremendous returns potential for investors – providing a viable alternative to traditional asset classes."
https://www.business2community.com/nft/make-money-with-nfts
Will AABB eventually be one of these NFT stocks with their platform?
Could we see NFT dividend in the future?
"Put simply, NFT stocks are public companies that in one way, shape, or form are involved in the non-fungible token scene. And, for those unaware, non-fungible tokens are digital assets that operate on top of the blockchain protocol.
However, unlike traditional digital assets like Bitcoin or Ethereum, one NFT is unique from the next. And as such, this enables content creators to represent the value of a product or brand in digital format.
As a prime example, we mentioned earlier that Mcdonald’s has since released an NFT that allows token holders to own a virtual version of a McRib burger. Then you have Heineken and its Silver edition, which is a virtual beer NFT available in the Decentraland metaverse."
"The first thing to look at is how your chosen stocks are involved – or looking to get involved, with the NFT industry. At one end of the spectrum, you have platforms like Coinbase – which will enable content creators to mint their own NFTs. Coinbase will also host a marketplace that will enable buyers and sellers to trade NFTs from the comfort of home.”
"Another way to gain exposure to this industry is by investing in Cloudflare, which allows token holders to upload their NFT collections to the cloud. Ultimately, there are many angles that established companies can take to gain exposure to NFTs, so this is something to research thoroughly before proceeding.”
"Another way that you will make money from an NFT stock investment is if the firm pays dividends.”
"NFT Industry is Booming
Many market commentators argue that NFTs are nothing but a fad. However, this sentiment was also prominent many years after Bitcoin and other cryptocurrencies were first launched.
As such, if NFTs are anywhere near as successful as the digital currency industry, then this space could be huge.
And of course, stocks that are investing in NFTs right now are entering this industry early.
With that said, it should be noted that NFTs have already witnessed a huge amount of success – even though the phenomenon is still young.
For example, according to Reuters, total NFT sales in 2021 amounted to $25 billion.
This was up from just under $95 million from the prior year. As such, year-on-year growth in 2021 amounted to a remarkable 25,000%."
https://www.business2community.com/stocks/best-nft-stocks
$AABB Learn More about Asia Broadband's Gold-Backed Crypto Coin, Wallet and Exchange
Benny might be traveling or in quiet period news pending. Anyone missing him might want to re read some of his latest posts as no need to keep on repeating them.
“Asia Broadband, Inc. (OTC: AABB) is excited to launch in early July 2022 its PayAABB, an online crypto payment gateway for merchants…….”
https://www.americanewshour.com/2022/06/21/asia-broadband-inc-ready-to-launch-payaabb-crypto-payment-gateway/104323519/
Mixing Solidity With Innovation
Asia Broadband, Inc.
AABB built up its name on the back of decades working in all aspects of the production, supply, and sale of gold. The constant demand for gold meant things worked out well for the company in this sphere and they are now using their strong position to do something which may seem a little unwise given the current market conditions.
Instead of resting on their laurels after the big sale of one of their mining operations in Mexico, Asia Broadband decided to use this windfall to diversify and enter the crypto market.
In March 2021, Asia Broadband launched the AABB Gold Token which does something others in this sphere can’t come close to. Many projects have tried to merge crypto and gold, but none seem to have the know-how or resources to do it the way AABB did.
Its unique vertical integration of mine-to-token gold-backing means AABBG benefits from the upsides of both gold and cryptocurrency, delivering a built-in level of price stability without negating the potential for price appreciation from both markets.
To support and drive up the rate of adoption of AABBG, the company also released the AABB Wallet and a proprietary digital exchange called AABB Exchange.
These new additions to the company’s crypto offerings give AABBG token holders quick and easy access to liquidity and the ability to instantly exchange AABBG for other cryptocurrencies such as Bitcoin, Ethereum, or Solana.
https://www.benzinga.com/markets/cryptocurrency/22/05/27411804/crypto-crashes-while-gold-holds-but-the-bulls-are-waiting
Don’t think Directors were buying in plans of diluting their own shares in the near future.
Also this would not happen without Clive’s approval as he held majority of voting power till this event.
As Mexican Nationals in the control of the company now events might be moving forward faster.
I like these 45% discounts to the insiders buys.
Stay tuned!
“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
Just one attorney’s opinion…..
Heard he did meet with few “imaginary individuals” as claimed by few experts here.
https://www.otcmarkets.com/otcapi/company/financial-report/328552/content
17k followers already on Tweeter acct.
Busy and lots of good information for newbies.
https://twitter.com/AabbToken?s=21
Thanks for your investment advice, should I be selling all my shares tomorrow?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169188180
Blast from the past……
Metals & Mining industry cross border M&A deals total $300.26m globally in January 2021
“Total metals & mining industry cross border M&A deals worth $300.26m were announced globally in January 2021, led by Qiangda Investments & Economics &’s $82m asset transaction with Asia Metals, according to GlobalData’s deals database.”
“The top five metals & mining industry cross border M&A deals of January 2021 tracked by GlobalData were:
1) Qiangda Investments & Economics &’s $82m asset transaction with Asia Metals
2) The $76m asset transaction with Government of Henan ProvInce by Henan Found Mining
3) Allied Gold’s $63.36m asset transaction with Endeavour Mining
4) The $33.78m acquisition of Sky Pearl Exploration by JCHX Mining Management
5) Nemesia’s acquisition of Lundin Gold for $24.01m.”
https://www.mining-technology.com/deals-analysis/metals-mining-industry-cross-border-ma-deals-total-300-26m-globally-in-january-2021/
I don’t know anyone selling down here in .05’s yet many are adding including me.
Looks like shorty is protecting their shorts. Heard yesterday it was 67% shorted, can we get to 70% today?
Not much more to the downside yet huge upside potential if they perform like investors expecting.
Place your bets yet bet with your head not over it.
“In stocks and crypto, you will see companies that were sustained by cheap, easy money—but didn’t have valid business prospects—will disappear,” Cuban said. “Like [Warren] Buffett says, ‘When the tide goes out, you get to see who is swimming naked."
https://www.thestreet.com/investing/cryptocurrency/billionaire-mark-cuban-doesnt-mince-words-about-crypto
And then there’s this more recent event….
https://www.coindesk.com/markets/2022/06/15/three-arrows-faces-possible-insolvency-after-unforeseen-liquidations/
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
Git translation
Will this help China to get closer to have Gold Backed currency?
Dollar dominance threatened…..
Let’s see them GEO reports!
https://gsiexchange.com/12-8-trillion-in-gold-deposits-discovered-in-uganda/
Stagflation to Bring Gold Bulls Back as AABB Introduces New Crypto Payment Gateway
“The PayAABB digital asset payment processing solution allows businesses to accept digital assets from all around the world…….”
https://biztoc.com/p/kbhi8xkc
In not so related news but the timing worldwide might be perfect for AABBG as it’s coming to the theaters near you……
https://asia.nikkei.com/Business/Finance/Several-Chinese-local-banks-freeze-deposits-triggering-protests
“If you build they will come”
Company needs to execute as we are expecting by their promises in the past PR’s
Also let’s not forget that there might be some investors in the know who are enjoying picking up these cheap shares with all that “liquidity provided”
Only a waiting game now.
Not much to the downside yet huge upside potential if they execute the way longs are expecting.
“AABB Gold Token (AABG)
One of the most exciting aspects of AABBG is that its founders come directly from the gold mining industry. Asia Broadband Inc. (OTC: AABB) is the company that established AABB Gold (AABBG).
AABB is a precious and base metals producer, supplier, and distributor. Other gold-pegged tokens get their gold from a variety of sources. However, AABBG gets its gold entirely from the company’s mining operations.
As a result, investors receive a guarantee to receive their gold directly from the mine. In order to verify the gold assets of each token, the project employs a unique mine-to-token system. An official AABB Wallet is necessary to acquire the token. Furthermore, the project’s exchange platform offers over 400 tokens.”
https://cryptoadventure.com/five-gold-backed-crypto-to-consider-in-the-current-inflationary-economy/
“After delving deep into the business of tokenizing gold, Asia Broadband Inc.
AABB says it is now ready to launch PayAABB, which can be used as a payment gateway for merchants accepting crypto payments in-store and on their websites. The new offering is expected to launch this summer.”
https://www.benzinga.com/markets/cryptocurrency/22/06/27714911/is-new-technology-making-it-easier-to-use-cryptocurrencies-in-everyday-settings
Another good day of buying opportunity if still believe in this company. Buying here at 40% discount to BOD latest buys at .10
Also 65% discount to Bonanza mine seller.
I would think that they have much better vision of the future of this company.
"He who sells what isn't his'n, must buy it back or go to pris'n.
_Daniel Drew
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.
So now some biggies see the future.
AABB is there already.
NEWS
FINANCIAL BEHEMOTHS PARTNER FOR NEW BITCOIN, CRYPTO TRADING PLATFORM: REPORT
“The new trading platform from Fidelity, Citadel Securities, Virtu Financial and Charles Schwab will enable wide access to bitcoin and other cryptocurrencies.”
https://bitcoinmagazine.com/business/financial-services-giants-partner-for-bitcointrading-platform
Benny need to find out from Don Pepe, did Chris recently bought another mine.
There’s few rumors circulating.
Dig, dig, dig…..
and
“Share restructure”!!!!!
They might be concentrating on the mining while working on other developments. Q2 report due by 7-15-2022 might reveal more details. GEO reports and shares restructuring would be nice to see.
Slowly all pieces might be falling in place, no reason to rush now with all this bearishness around, “if you build they will come” , patience. PayAABB another piece to the puzzle ????
Adding here and strategizing future taxation issues.
Pain all over and pretty good place to be parked here if you still believe in success of this company.