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“Recently, the Company registered a subsidiary in El Salvador, AABBG Exchange Sociedad Anonima De Capital Variable, to form the foundation of the new business development and marketing facility. An initial team of support staff has been assembled to continue building demand for the AABBG token and Exchange in Latin America.”
Accountability Legalization For Firms in El Salvador
“After all of the registrations have been completed, your company must legalize its accounting system, accounting books and tax books. This has to be done by an authorized local public accountant and registered with the Ministry of Finance (which will authorize you to produce the fiscal stationery).”
https://www.bizlatinhub.com/register-create-company-el-salvador/
Let’s not forget this also as much might be happening behind the scenes.
“Recently, the Company registered a subsidiary in El Salvador, AABBG Exchange Sociedad Anonima De Capital Variable, to form the foundation of the new business development and marketing facility. An initial team of support staff has been assembled to continue building demand for the AABBG token and Exchange in Latin America.”
The missing link here might be soon to be released #PayAABB
“In recent months, the AABB management team has been traveling regularly to El Salvador to complete the setup of the new subsidiary, office and communications center. During this time, the AABB wallet and Exchange has continued to be very well received by the local business community in El Salvador, validating the Company’s business plans within the country and expansion into the Latin American market. The Company is diligently targeting major Salvadoran retailers to engage in acceptance and processing agreements for customer purchases with AABBG and expand Exchange awareness. The ongoing business development program is designed with substantial commission and discount incentives for retailers and customers to fulfill transactions with AABBG, facilitate circulation expansion and use of the Exchange”
How about the developments in Geothermal Mining that El Salvador continues to develop….
“In other related developments, the Company is also in discussions to explore the creation of a cryptocurrency mining facility in El Salvador powered by geothermal energy.”
https://www.globenewswire.com/news-release/2021/11/03/2326605/0/en/Asia-Broadband-Finalizes-El-Salvador-Operations-Hub-For-Latin-America-Prior-to-Launch-of-Proprietary-Cryptocurrency-Exchange.html
Some posting here that there were never any gold mines so what’s up with this?
Top cross border deals in Q1 2021
The $82 million acquisition deal with Asia Metals by Qiangda Investments & Economics;
https://www.mining.com/na-mining-sector-saw-1-34bn-worth-of-cross-border-deals-in-q1-report/
http://mnamexico.com/wp-content/uploads/2021/02/Reporte-Mensual-01-2021-ENG.pdf
TRANSACTIONS IN MEXICO IN JANUARY 2021
Transaction Summary
Buyer
Target
Qiangda Investments & Economics & Co., Ltd., a Chinese holding company that focuses on the mining sector, announced the acquisition of an additional 50.0% stake in the Guerrero Gold Belt Mine and Facilities in Mexico from Asia Metals Inc., an American mining company, for US$82.0 million
Qiangda Investments & Economics & Co, Ltd.
Guerrero Gold Belt Mine and Facilities in Mexico
from Asia Metals.
Now easy way to own gold in this inflationary environment.
https://aabbgoldtoken.com/
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
Unfortunately debate is very limited here for various reasons.
There could be many reasons on the war of deception.
Maybe Bonanza seller that got $4mill worth of shares at .18 might want to invest the other $2mill in to the stock @ .06’s while liquidity being provided. His DD might be better than ours.
Some here think this could be the best investment of our lifetimes others the biggest Ponzi skim ever created.
Place your bets.
As an investor you can address your issues with IR, they pretty fast with responding this days and limited what they can say.
Even the company very limited what they are saying so not to seem like a fluff.
Tell the world what you intend to do but first show it.
Someone is providing liquidity here.
Caveat venditor!
I guess time will tell.
Apple started with Apple-1 46 years ago…….
I know, I know should not be comparing this to AAPL but even them started with few dollars in the garage.
Just give them chance without intentionally trying to destroy it.
Look what happened to NAK that could have been the biggest gold, Cooper etc. mine in the world.
One thing is certain that one of the betting sides might be BK in the future.
The funniest thing here it that the loudest mouths are not even invested in this company or so they say. (Blink, blink)
Ideas create wealth.
10/4
$AABB $AABBG.X
AABB might be in the right place at the right time….
“In the end, the ninth Summit of the Americas may be remembered as a squandered opportunity at a critical time.”
https://www.aljazeera.com/amp/news/2022/6/9/summit-of-the-americas-a-squandered-opportunity-at-critical-time
Let’s not forget this also as much might be happening behind the scenes.
“Recently, the Company registered a subsidiary in El Salvador, AABBG Exchange Sociedad Anonima De Capital Variable, to form the foundation of the new business development and marketing facility. An initial team of support staff has been assembled to continue building demand for the AABBG token and Exchange in Latin America.”
The missing link here might be soon to be released #PayAABB
“In recent months, the AABB management team has been traveling regularly to El Salvador to complete the setup of the new subsidiary, office and communications center. During this time, the AABB wallet and Exchange has continued to be very well received by the local business community in El Salvador, validating the Company’s business plans within the country and expansion into the Latin American market. The Company is diligently targeting major Salvadoran retailers to engage in acceptance and processing agreements for customer purchases with AABBG and expand Exchange awareness. The ongoing business development program is designed with substantial commission and discount incentives for retailers and customers to fulfill transactions with AABBG, facilitate circulation expansion and use of the Exchange”
How about the developments in Geothermal Mining that El Salvador continues to develop….
“In other related developments, the Company is also in discussions to explore the creation of a cryptocurrency mining facility in El Salvador powered by geothermal energy.”
https://www.globenewswire.com/news-release/2021/11/03/2326605/0/en/Asia-Broadband-Finalizes-El-Salvador-Operations-Hub-For-Latin-America-Prior-to-Launch-of-Proprietary-Cryptocurrency-Exchange.html
Maybe they need to switch to more safer Gold Backed AABBG crypto…..
“For now, the country has options. They're not great options, but they’re options. All this leads me to conclude that El Salvador probably won’t default in 2023.”
This could turn out to be the Best never expiring LEAP option play of the lifetime.
Where else can you see this .06 option like play.
Confidence in the whole market is very low, everything is being sold as the margin calls are coming in. Many baboons might be holding shares in the margin accounts and even tho stock is not marginable holding in margin accounts and selling releases 100% cash.
Company is being built and after this bear market is over new starts will be born.
Remember dot.con bust? Pet.com anyone?
As OS nearing AS amounts could this money also be used to buy back reminder of Clive’s note?
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 35% 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
PP, there’s no way they can cover from investors selling! There’s only hope is that the company increase AS amount and Clive will keep on converting and selling. I don’t think this will happen as the insiders bought recently at .10 preferred shares and now have the voting power. So Clive no longer in voting control but he must have allowed to happen when he had control.
Stay Tuned!
“Lastly, AABB management anticipates revisiting the audit process for the Company later this year. The general corporate goals are to realize increased revenues in all segments of operations to the sufficient levels required to qualify and apply for a major exchange uplisting.”
https://www.globenewswire.com/en/news-release/2022/02/02/2377912/0/en/Asia-Broadband-Corporate-Update.html
Don’t be so cheerful here, bet you all feeling some pain in this great economy and market conditions. It’s not over yet.
Even the fat boys will feel the pain.
What’s in your wallet, oopsie portfolio?
Some here complain that Benny posting to much, don’t want him to post, few missing him and want him to post, he’s been here 4 years and way before me so in case you miss him and he lives in few heads here rent free just re read his prior posts as there’s no reason for him to keep on repeating them.
Here’s latest sample.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169074240
PS. How’s your latest portfolio doing?
AABBG the real Gold Backed Crypto not on this list….
Cryptos Backed by Gold? Caution!
“These six cryptocurrencies sound like they are cryptos backed by gold. But buyer beware. They only sound like they are, and, in reality, this is not the case. They are not 100% backed by physical gold, if at all.”
https://investorplace.com/2022/06/cryptos-backed-by-gold-caution-these-6-coins-only-sound-like-they-are/
https://aabbgoldtoken.com/latest-news/the-4-safest-crypto-wallets-to-keep-your-cryptocurrency-secure/2022/06/09/
Recap
“Any of the wallets above are highly secure, and unless you carelessly expose yourself, it is hard for someone to steal your crypto. That said, they all have their weaknesses, especially in the number of coins and tokens they support.
Overall, the AABB wallet is the best wallet to use. Besides a reputation for top-notch security, this wallet supports more than 400 cryptocurrencies and has a user interface that even a crypto newbie can understand. This makes it the perfect wallet for investors who want to buy and hold multiple cryptocurrencies, even the low-cap ones.”
??BREAKING??
The new SEC rules would mandate that market makers disclose more data around payment for order flow fees, and the timing of trades.
The Art of Deception.
“Tell the world what you intend to do, but first show it.”
_Napoleon Hill
Did they just discovered that Voyager exchange is fake? Ouch, stock down from $30 to $2’s. How’s that MARA and RIOT doing lately? Shorty cleaning up there.
Patience amigos.
Worthy paying attention here.
“Lastly, AABB management anticipates revisiting the audit process for the Company later this year. The general corporate goals are to realize increased revenues in all segments of operations to the sufficient levels required to qualify and apply for a major exchange uplisting.”
https://www.globenewswire.com/en/news-release/2022/02/02/2377912/0/en/Asia-Broadband-Corporate-Update.html
“Shorts are not selling....because.....there are no shorts.”
I heard the same last year about GME and AMC.
GME on!
Some here will claim it’s Clive selling, some will claim shorts, I know many investors and none are selling here but adding daily. Getting now about 30% discount to BOD recent buys at .10 and 60% discount to Bonanza mine seller.
It just might be by following level 2 that it’s net short covering going on. Long way to go. Good luck with whatever it’s your game plan.
Read here before that some HF getting involved with crypto trading. Looks like the trend.
“One of the company’s latest announcements is the imminent launch of the PayAABB system.”
https://coindoo.com/investing-in-gold-backed-crypto-discovering-the-aabb-gold-token/
“It was great to see that there were many exciting mineral resource indications throughout the process of data gathering for the report. In a similar scenario to Bonanza, we are also expecting the Tequila property report in the weeks to follow receiving the Bonanza assessment,” expressed Chris Torres, AABB President and CEO.”
Could be allowing shorty to dig deeper and longs get more bargains.
Works both ways.
Time will tell but not much more to the downside yet huge upside potential.
If all works as they are planning we have a buyer here to the tune of few billions shares and bet they hoping that Clive will provide them these shares, could be big mistake.
News!
Asia Broadband Awaits Completion of Geological Technical Report for High-Grade Bonanza Gold Mine Project in Acaponeta Mexico
https://finance.yahoo.com/news/asia-broadband-awaits-completion-geological-120000527.html
Looks like Kenny and JANE……
"o te chingas o te jodes"
Sister Virginia used to say, ‘You’ll be known by the company you keep.’
https://www.centralamericalink.com/noticia/carlos-slim-bets-on-gold
I likes.
Giddy up!
“Asia Broadband (OTCMKTS: AABB) Coiled Tight at $0.07 as Crypto Innovator Completes Large Scale Expansion at Tequila Property & Waits on Geological Assessment Report”
https://microcapdaily.com/asia-broadband-otcmkts-aabb-crypto-innovator-completes-large-scale-expansion-at-tequila-property-geological-assessment-report/
So much chat here about this .07 stock and mostly by posters who are not even invested in the company. Lots of plotting on both sides and looks like one of the sides will be BK in the future. Let these dominoes fall.
Place your bets, don’t crop out.
Playing the come line but all should do their own DD.
I plays with my money, I takes my chances.
“Under current rules, brokers have to perform “reasonable diligence” to determine the likely best market for executing a trade. Many brokers route orders to big electronic trading firms called wholesalers, including Citadel Securities or Virtu Financial, which of course have been accused for over a decade that their entire business model is frontrunning retail orders, rather than to exchanges such as IEX and the Nasdaq, arguing that the wholesalers provide the best prices (spoiler alert: they don't, but that's the lie they spread for popular consumption, and instead by collecting tens of millions of risk free pennies every day, the profits such "internalization" creates allows Ken Griffin to buy a new massive mansion every quarter).”
https://www.zerohedge.com/markets/sec-preparing-historic-overhaul-market-structure-making-retail-frontrunning-virtually
Could they be of help as some claim we have this problem and some claim we don’t have it here.
Wonder what they charge? $1000/hr?
https://stocktwits.com/alidare/message/464145561
Could not find anything on it. You guys here so good with finding out stuff that I’m counting on you to provide some more on this issue. Hire Bennys $1000/hr lawyer maybe he’ll help you out.