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It started happening already and it might continue……
“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/
Would be nice to see next dividend by the company payable in AABBG tokens and nakkid shorty would have to come up with these tokens, remaining of 5.4 million of tokens would be gone quick.
I am willing to trust management more than anonymous poster on iHub board.
But thanks for your concern.
I still feel confident after seeing BOD having skin in the game with $2.8 mill investment at .10
They know what they are doing and control of the company transferred to Mexican Nationals.
Viva la Mexico!
Looks like William Snyder could have been Bennys Mr. Daniels coming with 10 big ones many times to the tune of 46mill shares.
Could Snyder be Bennys Mr. Daniels with 10 big ones?
Benny was right that the negativity will surge on all boards.
Nakkid being dressed up. Cesar shopping for fashion.
5. Convertible Notes Payable
On January 15, 2016, the Company received $311,000 from Whitecastle Capital Corp. for a convertible note with an interest rate of 8% per annum and *****has conversion price of $0.05, *****after a 2 year period, and a 4 year term to maturity. At the option of the holder, the note was increased by $600,000 in 2020. As of March 31, 2022, the total amount of the debt outstanding with accrued interest was $685,444.
Benny keep that DD coming, driving few here crazy but few appreciate.
Q1 due by 5-16 so let’s hope will see few positive surprises.
Adding here.
Gold Backed such as AABBG could be the future….
“He added that the problem with UST is that it’s largely “backed by faith.”
“It’s not fully guaranteed, it’s certainly not fully backed by reserves,” he told CNBC. “It was really just backed by faith in the issuer effectively.”
Bitcoin investors are panicking as a controversial crypto experiment unravels
https://www.cnbc.com/2022/05/10/bitcoin-btc-investors-panic-as-terrausd-ust-sinks-below-1-peg.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Any day now and by May 16th. company will release Q1 report with updates of latest developments. Waiting patiently to hear it from the company. Let’s see some good news after insiders buying all these shares at .10 and being already 25% under water. I think they’ll knew what they were doing and now with these preferred shares have control of the company.
If you still believe in this company and vision they are on path too you might find bargain in todays price.
Many have complained last year that they have missed the 1/45 dividend. When they issued the dividend the stock price was around .16 so at todays price you are getting 50% discount to the price at the dividend time.
I would think that Martin Augusto Vallejo Lujambio of Bonanza mine did really good DD before accepting $4mill in AABB restricted shares.
“The property’s total purchase price was $6 million, split into $ 2 million cash and $ 4 million in restricted shares of Asia Broadband.”
On the day of the closing of the deal November 30th. 2021 the stock price was @ .18 so this should give him around 22mill shares.
At today’s price you are getting about 60% discount to his restricted shares.
On April 26th. 2022 "the Company has received a total of $2.8 million from the four directors of the Company for the purchase of preferred shares. 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."
At today’s price you are getting 20-25% discount to their purchase price.
Do your own DD and invest based on your comfort level.
Did you happen to notice where COIN is trading today? This crash will take everything down as more will get margin calls and need to sell all other assets including crypto to cough up the cash.
AABB is not marginable but many might be holding it in margin accounts and might need to sell to provide cash needed for margin calls elsewhere.
Printing….
24/7/365
AABB exchange fees
https://aabbexchange.com/fees/
AABB Wallet payment gateway offers a solution for processing online payments in cryptocurrency. This allows you to accept cryptocurrencies all over the world on your website or mobile app. Start accepting crypto payments on your website with the ability to accept major cryptocurrencies and start selling products online in minutes. Your site will receive complete information about the payment immediately after payment – you can even process it automatically!
https://aabbgoldtoken.com/aabb-wallet-merchant-api/
24/7/365
Mexican Nationals in control of the company as per latest preferred shares purchase and 1/100 voting power should speed up the process.
Benny you busy this evening, get few mango margaritas and let’s have some fun next week. Cheers!
Anyone who is interested in AABB for any reason and is not on company email list could easy find information from company releases here:
https://www.otcmarkets.com/stock/AABB/news
Latest updates:
TGIF! Here’s what’s new with us. Check out these updates:
The AABBG is no longer available to be purchased through the Convert. All AABBG need to be purchased through the AABB Exchange found in 'Trade'. This was done in order to increase the liquidity of the exchange.
The AABBG/BTC, AABBG/ETH, and AABBG/LTC - among others - have been added to the exchange.
AABB set a production expansion timeline for the Tequila Gold Mine project.
We completed a $2.8 million Director’s investment to fuel expansion of gold production and digital asset divisions.
We’ve been busy preparing for the launch of our payment gateway – PayAABB.
“And why would the board take over all voting control in a type of takeover?”
Mexico wants to be in full control before anything major can happen there.
Let’s see the Geologist report on these mines.
https://asiabroadbandinc.com/luis-roman/
Luis Roman – Director
Mr. Roman *****spent his entire 32 year career in various municipal government service positions. During that time, he developed a vast network of government and industry contacts, which he continues to be engaged with providing consulting services. Mr. Roman’s network integration will be a significant asset to Company operations.*****
Goodbye Chivo and Hello AABB Wallet
https://restofworld.org/2022/el-salvador-chivo-bitcoin-wallet/
We have no fear as Senior Luis us here
https://asiabroadbandinc.com/luis-roman/
Luis Roman – Director
Mr. Roman *****spent his entire 32 year career in various municipal government service positions. During that time, he developed a vast network of government and industry contacts, which he continues to be engaged with providing consulting services. Mr. Roman’s network integration will be a significant asset to Company operations.*****
Worthy DD post someone posted on Reddit
https://www.reddit.com/r/aabbstock/comments/ty3h36/aabb_aabbg_key_press_releases_links_research/?utm_medium=android_app&utm_source=share
Also we need to keep an eye on Geological reports, what else in them hills besides gold, how big?
We might find out soon ether way.
Wall Street Isn’t Ready for the Crackdown Coming Its Way
https://www.bloomberg.com/news/articles/2022-05-04/is-stock-market-rigged-bill-hwang-arrest-is-start-of-trading-crackdown
By May 16th. We should see Q1 results let’s review any updated financials by then plus any new updates accompanied the report.
Someone needed coffee money this morning
Would be crazy for them to sell now knowing what’s coming. Guess we will find out soon.
Nah, main Gringo might be caught nakkid with JANE while PAUL left the building but might be back for the curtains.
This last PR says allot and if you read carefully you’ll understand why Benny is so bullish on the company. It will be huge success. It’s mind blowing what is really happening.
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/
“Never in my wildest dreams would I have thought that the U.S. Government would be afraid of what we are doing here,” Bukele tweeted on Wednesday afternoon. “The U.S. Government DOES NOT stand for freedom and that is a proven fact,” he later added. “So we will stand for freedom … Game on!”
https://www.coindesk.com/business/2022/03/24/el-salvadors-bukele-shoots-down-fud-on-bitcoin-bond-takes-issue-with-us-lawmakers/
This is where AABBG tokens with exchange comes in with their mines or others mines need be……
“Like it's done in the past, Bristow said gold has to innovate.”
"Gold is still too hard to own [and] to trade. The ETFs were a big boon to our industry. A lot of miners felt that it would negatively impact the equities. It was completely the opposite. It grew the industry. It made it more transparent. It allowed people to trade," said Bristow.
"The cryptocurrencies and the other competing options have forced us to realize we need to work harder to create a fungible [option that] •••••allows every person in the world to...use it to pay for things."•••••
https://www.kitco.com/news/2021-05-06/Barrick-Gold-s-Mark-Bristow-on-how-to-out-flank-bitcoin.html
Top 8 Gold Backed Cryptocurrency Tokens & Where to Buy (2022)
“Unlike other gold-pegged tokens in which the gold comes from a range of sources, 100% of the gold purchased using AABBG comes directly from the company’s mining project. This cuts out the middleman, and ensures investors get their gold directly from the source. It then uses a unique mine-to-token gold-backing format that verifies gold assets displayed by each token.”
https://coincentral.com/top-gold-backed-cryptocurrency-tokens/
$AABB $AABBG.X
“If your currency is as devalued as the bolivar or the peso, you’d look for protection – there was gold, now there is crypto,”
“Just seeing the appetite for virtual assets and tokens would justify us developing a safe virtual coin,” said Fabio Araújo, head of the Central Bank’s Real Digital project. But he said the main challenge is to develop global standards. “A virtual coin doesn’t see borders. We need a level of coordination that has never happened before,” he said.”
“I would compare to sending an email in 1994. It was possible, but not many people could receive it. Now look at where we are.”
AABBG gold backed crypto, best of both worlds.
https://www.americasquarterly.org/article/is-crypto-the-path-to-financial-inclusion-in-latin-america/
The note, the certs, the real deal that might be happening 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/
Yes we did hear allot about “no chance” in the last year such as , no dividend , no tokens, no gold mines, no wallet, no exchange, well guess the time will tell.
Ideas create wealth.
Top 8 Gold Backed Cryptocurrency Tokens & Where to Buy (2022)
“Unlike other gold-pegged tokens in which the gold comes from a range of sources, 100% of the gold purchased using AABBG comes directly from the company’s mining project. This cuts out the middleman, and ensures investors get their gold directly from the source. It then uses a unique mine-to-token gold-backing format that verifies gold assets displayed by each token.”
https://coincentral.com/top-gold-backed-cryptocurrency-tokens/
I don’t think company is doing anything without legal advice and this was discussed here many months ago. Stay tuned as more surprises to come. Watch Q1 and Q2 reports. TicTok TicTok….
This is what might be happening 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/
Will the El Salvadorans convert their bitcoins eventually to AABBG gold backed tokens for less volatility with gold backed and how about these environmental issues that world bank is worried about.
El Salvador made bitcoin a legal currency. Now it gets interesting
https://www.cnbc.com/video/2021/07/26/el-salvador-made-bitcoin-a-legal-currency-now-it-gets-interesting.html?
Closing price.0898
Asian numerology
8- prosperity
9- longevity
8- prosperity
smoke signals and maybe BOD not worried about being under water from their $2.8mill investment at .10
Bonanza owner got his $4mill worth of share at the sale price around .18
They should be making good money on their shares in not to distant future.
Should I say JIMHO.