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Curios what is the spin off event? The only things I can find are similar to this from previous post.
Analysts are watching for these stock spinoffs.
The closest thing to a buy one, get one free deal on Wall Street is a stock spinoff. A spinoff occurs when one public company separates one of its subsidiaries into a separate public company. PayPal Holdings (ticker: PYPL) wa
From TD Ameritrade:
Thank you for your inquiry.
I can confirm that ASIA BROADBAND INC. (AABB) has a stock dividends with a pay date of 05/04/2021.
Unfortunately, we have not allocated the shares from the spin off event yet and that is why you are not seeing it reflected in your account at this time.
This is an OTC security and may not allocate on the pay date. We do not front the shares at TD Ameritrade, meaning we do not reflect them in the account, before we have received them. As soon as we receive allocation, it will automatically be updated and reflected in your account.
This process may take a few days or a few weeks, we appreciate your patience. There is nothing you have to do, this is a mandatory reorganization and will happen automatically as soon as we allocate the stock dividends. Please note allocation can happen throughout the day as well.
First you have to own a mine or mines, letter of intent does not count. Core drilling several holes on property at various depths and then do what this article details, at least this is what the big boys do: https://www.mining.com/web/heres-how-you-value-any-gold-project/
I have been a little tough on Benny this last week. But just to be clear I first bought this stock back in January 2019 when it was in the twos. I have traded in and out of it at least six times since then. I have made money, and the current shares I have today are paid with house money. I bought this stock after receiving a push notification from iHub that the stock would go to $.25. I have owned several gold companies mostly juniors for the last 25 years and I bought this as a total crapshoot. Just like putting your money on the pass line in a game of craps. I viewed it as high risk high reward because it is an OTC pink sheet stock. All of the so-called due diligence and information about the stock comes from the company, They are not an SEC reporting stock, at the current time there is no third-party verification regarding their mines or essay results. A video of a few guys wandering around in a mineshaft picking up rocks is not due diligence. In my view one should not be invested in the stock unless they are comfortable in losing their entire investment because at this time it’s very unproven and risky. It may be the real deal and only time will tell.
I think Bmojo and the infamous Mr. Daniels noses grew a little longer this week.
You said it all “or so he says”. If your going to hype it, back it up with real data. Anything else is just cheerleading.
Lordy, Lordy you and Mr Daniels are buying. Such a ringing endorsement. I have been is since .02 have held a core position and a trading position. Love your post for entertainment valuing, sound investment advice not so much.
Anybody investing on just what Benny is saying is a fool, naive or both. I am not saying don’t invest but due your own DD. Do you ever notice how some brag they have done extraordinary DD but never post specifics that can be verified. It’s gonna be great just trust me.
They need to start providing prs that have independent third part verification. Let’s face it doubt has been sown justified or not. Puffery prs which can neither be proven true or false don’t help when their is a good amount of skepticism concerning the stock. Long 100,000 shares since .02. Bullish trust but verify.
So I did download the wallet but did not purchase coins at this time because it is not yet a fully functioning exchange . As I understand this I can purchase the coin/token but until there is a functioning exchange their is no way to monetize the coin. Is this correct or am I not understanding the process?
A little clarifying info concerning the mysterious t trade:
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Just downloaded the app.
It amazes me what passes foe DD here. A poster will make a post regurgitating all of the past PR’s. Then another poster says wow look at all this amazing due diligence, BS that is not due diligence all it is is copy and paste.
Don’t know about you guys, but instead of another PR where they’re doing a letter of intent. Why don’t we execute on past PR‘s. For God sake‘s where is the crypto coin, we have several PR‘s that it’s going to be ready the end of February no not until March well it’s March no crypto coin yet. What about the audited financials, how many PR’s did we have that it’s coming soon. Well haven’t seen that yet have we. This company is got a reputation of crying wolf everything’s gonna happen in just a little bit but it never happens
It’s a simple question, AABB likes to tout they are a transparent company - what is or are the concession numbers? This should be incredibly easy to provide -what are you afraid of?
Yes what are their proven and probable estimates regarding grams per tonne, like the technical report summary which is included in the SEC new rules. This is similar to Canadian report 43-101. AABB needs to be transparent in reporting their gold reservoirs, not prs but real mining technical reports which include essay reports per tonne. Without this info prs are just puffery which can neither be proven true or false,
This is a year old.
Sold my trading shares purchased @ .02 sold @.30 a 1350 percent gain.
Still have my core position bought at .02, plenty of cash to add to position - it appears a correction is in process, future catalysts on the horizon.
Nothing wrong with taking profits. I bet many here hold a core position and hold until their exit point is reached, plus a portion to swing trade. If you bought around two your pushing a 900 per cent return. I am currently playing this one on house $ not mine. Peace of mind when your trading a volatile pinkie. Everyone should have exit and entry points, as the saying goes, pigs get fat - hogs get slaughtered
Up 953 percent, this has been a crazy few days.
For those interested a bit of info.
https://www.profitconfidential.com/cryptocurrency/gold-backed-cryptocurrency-8-facts-to-know-right-now/
Saying something is real does not make it real
I always like what folks show as PROOF - reposting of fluffy PRs is not proof. Proof is filing with the SEC and financials audited by reputable 3rd parties. I would love to see an estimated gram per ton report on any past mine or future operation - samples verified and published by independent 3rd parties. Don’t recall seeing any real proof just puffery.
Well let’s get the Reddit crowd involved. Would be as good as any puffery filled PR.
With a new SEC director, flood him with fraud complaints concerning AABB. Get this pump and dump con delisted.
Please list some of the institutional and hedge fund ownership - not!
It would be nice if the PSN interview included the name and title of the person interviewed not just Asia Broadband - need more transparency.
Yes, first thing this AM up 171 percent. Sold 1/2 position. What I have left is on house money. Until we get third party audited financials, of the pinks and more verifiable transparency around operations AABB is prone to the pump and dump-extreme volatility. Nothing wrong with playing the game and booking a profit. Like the old saying goes, pigs get fat - hogs get slaughtered.
I agree, how about they actually complete with third party independent verification a PR promise. All we see is puffery but never audited completion or real verification.
This report is like all previous reports. A very good read but nothing here is verified or proven by a qualified independent third party. Big boy mining companies provide detailed technical reports. Estimated and proven reserves are detailed, qualified third parties provide verification. Asia metals not their yet.
This company will have the scam and pump and dump moniker hanging around their neck until they publish a detailed technical report from a qualified person similar to the ni 43-101 used in Canada to detail a company’s mining operations. All we see in the prs is puffery - it cannot be proven or disproven. The information is not being verified by qualified independent third parties.
AABB needs to provide independent third party financial audits. Until they do all their glowing PR releases are just puffery. Can’t be proven factual. IMO this is a speculative pump and dump play. They also need to name their partner and provide real verifiable drilling results. If they are for real they need to respond to shareholder inquiries. Currently none of this is done.
Looking at active trader on td Ameritrade, see an ask of 25000 at .0210 see it closed at .0215 without the .0210 be filled. Curious or mm hanky panky
Dies any body know the exact date for Q4 reporting?
Since this company is on the otc it may or may not file periodic (quarterly) reports and audited financials with the sec. At the current time aabb is not filing periodic or audited financials with the sec. They file the minim required by the otc - just like the majority of stocks on the otc. Everything else we see are puffery prs which contains positive spin that can not be proven one way or another. They are speculative and high risk - volatile as hell. I like many here see them as trading vehicles not long term investments.
When they start filing with the sec or meet up list requirements it may turn into something more than a speculative short term momentum play.
Nope never shorted, actually have a small position of 50,000 shares - totally speculative playing on house money. Yes you can short penny stocks articles all over the net. Very risky because your losses could be large.
http://shortvolume.com/, short volume ratio has been spiking up and down, it appears some have been shorting at times.