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They might be being watched lately ….
I see there’s some talk about videos here today.
Let’s see if gold backed AABBG tokens and NFTs are in the future of America.
AABB Enters High Growth NFT Market.
AABB’s addition of NFT is the move in the right direction…..
https://techstory.in/3701544-users-signed-up-on-the-coinbase-nft-waitlist/
“You have to look at investing at crypto the same way you look at investing in anything. Do you think there’s a value proposition there that consumers or businesses are going to use? If you think the answer is yes and you think it provides enough growth, then you invest. If the answer is no, then you don’t.”
https://dailyhodl.com/2022/02/23/billionaire-mark-cuban-assesses-future-of-crypto-says-traders-must-separate-signal-from-noise/
Benny, Anything lately on share retirement the company mentioned in the past?
Mexican senator to propose crypto law: ‘We need Bitcoin as legal tender
“Amid El Salvador reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s example on Bitcoin.
Indira Kempis, a senator representing Nuevo León state, is confident that Bitcoin should be legal tender in Mexico because its adoption can potentially drive global financial inclusion.
The senator is now developing a cryptocurrency bill based on El Salvador’s “Bitcoin Law.” She expects to introduce the bill to the Mexican Congress this year, Kempis said in an interview with El Salvador In English publication after visiting El Salvador a few weeks ago.”
https://cointelegraph.com/news/mexican-senator-to-propose-crypto-law-we-need-bitcoin-as-legal-tender/amp
It looks like few wales are loading up on the cheap compliments of nakkid short sellers. No long bulls in the right mind selling down here. “Liquidity” is being provided. Benny knows!
Could this have any connections to AABB planned geothermal Bitcoin mining in EL Salvador?
Interesting name they have chosen…….
“The giant chipmaker will present “Bonanza Mine,” an “ultra-low-voltage energy-efficient bitcoin mining ASIC” at the upcoming ISSCC conference on February 23.”
https://bitcoinmagazine.com/business/intel-to-share-new-bitcoin-mining-asic
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.”
https://www.etoro.com/stocks/dual-class-stocks/
I would not be surprised if these Big Whales were accumulating while the news slowed down and the “Liquidity” was provided. I know of some who added 7 figures of shares.
The stick has 2 ends.
More from Mark Bristow……
“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
There’s more from Mark Bristow…..
“The lack of trust in fiat is the main reason, Bristow noted, saying:
“No one believes in fiat currencies anymore and everyone’s desperate [to find alternatives].”
“The whole issue here is that everyone wants instant gratification, everyone’s already concerned about how you store your [wealth] that you’ve seen grow in the developed worlds,” Bristow said. “The emerging and developing world’s economies are in dire straits,” the Barrick Gold CEO added. Bristow further said:”
https://news.bitcoin.com/barrick-gold-ceo-says-no-one-believes-in-fiat-currencies-anymore/
Naked shorting and trading between themselves to walk the price down.
Just digging that hole deeper.
“Providing Liquidity” to eventually be Liquidated.
Maybe soon will get to the bottom of all of this with G-man’s help.
“In time, federal agents may be able to use people like Liebeskind as informants on the managers of their funds, such as Ken Griffin. People will do a lot to avoid punishment.
I’m excited to see where this investigation goes.”
https://tremendous.blog/2022/02/18/citadel-under-federal-investigation/amp/
There was not much trading in AABB in the last few days. Not much liquidity provided. Could this be the issue. I just don’t git it.
Could something like this happen 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/
We did hear of AABB plans crypto mining in El Salvador…..
“Latin American countries have been expending considerable effort to attract miners, with El Salvador, in particular, showing a favorable attitude toward mining. The country was the first in the world to recognize Bitcoin as legal tender. The Salvadoran government has not hesitated to directly invest in Bitcoin and even plans to build a city dedicated to the preeminent cryptocurrency where electricity to mine BTC will reportedly come from volcano-fired geothermal plants.”
https://cointelegraph.com/news/mining-worldwide-where-should-crypto-miners-go-in-a-changing-landscape
Yeah feels firm and let’s hope the indicators will be pointing up when we wake up on Tuesday morning. Listening this weekend to Kenny G “Songbird”.
Benny will Kenny be “Providing Liquidity” or be Liquidated by all that “Liquidity”?
This might have nothing to do with AABB but many posts here are same but nevertheless interesting read.
“Among the activities the Justice Department is investigating is whether funds conspired to perpetrate a so-called "short and distort scheme," sources have previously told Reuters.”
“U.S. prosecutors in 2019 charged then-current and former JPMorgan Chase & Co (JPM.N) executives with racketeering and manipulating prices of precious metals.”
https://www.reuters.com/world/us/us-prosecutors-explore-racketeering-charges-short-seller-probe-sources-2022-02-18/
$AABB $AABBG.X
“For those who know as much about history and math as they do about currencies and debt bubbles, the daily gold price is never a concern, as the long-term play is always clear and always the same: Gold is the ultimate insurance against currencies and systems already burning to the ground.”
https://goldswitzerland.com/how-markets-tank-gold-rises/
Highly recommended movie on Amazon Prime “Cryptopia”. Must see! Many Shitcoins there, not the gold backed.
Just like dot com bust many will be gone in the future.
No wonder trading is quiet last few days, maybe until slap on the wrist. Heard lots of news lately on KYC front.
Spring is coming, mid March should be much warmer.
Egon von Greyerz - Huge Debt Will Crash The Bond Market, Gold & Silver To Soar
https://goldseek.com/article/egon-von-greyerz-huge-debt-will-crash-bond-market-gold-silver-soar
Look what they promised and did already more, need to be patient here. 9 years ago what was it Bitcoin @ .50
“The AABB Exchange will feature at least 20 trading pairs. All these major Cryptocurrencies are paired with the AABB Gold (AABBG) token.”
https://www.financemagnates.com/thought-leadership/an-unusual-year-is-about-to-end-on-a-high-for-asia-broadband-inc/amp/
Pay attention here as they originally said:
“Therefore, the *****Exchange will be launched in a staged implementation roll-out over the coming weeks.*****AABB management and the development team are thrilled to have reached this advanced point of the Exchange project in anticipation of the forthcoming launch.”
https://www.globenewswire.com/news-release/2021/09/20/2299981/0/en/Asia-Broadband-Reaches-Final-Stages-of-Development-to-Launch-the-Proprietary-Cryptocurrency-Exchange-Within-Its-AABB-Wallet.html
Slim picking today, it will play itself out in last few minutes.
They are loaning shares out of your accounts to accommodate shorts at low barrow rate of 1.71% , it was never this low. If you keep your shares on the margin side of your account even tho the stock is not marginable they can lent it out.
https://fintel.io/ss/us/aabb
DOJ Targets Short-Sellers in ‘Spoofing’ and ‘Scalping’ Probe: WSJ
https://www.thedailybeast.com/doj-targets-short-sellers-carson-block-and-andrew-left-in-spoofing-and-scalping-probe-wsj
Check my message to you.
“I think we have [reached peak gold]. I think that anything below $3,000 [an ounce] we have found most of the gold we’re going to find, maybe all the gold we’re going to find. If you look at the exploration successes over the last 20 years, they’ve been declining steadily for that period of time and it’s not because people haven’t spent money or they don’t want to find gold, it’s because, I think, all the deposits that can make money below $3,000 have been found,” Telfer said.
Telfer said that even at current price levels, mergers and acquisitions would be profitable, but he projects the gold price to go even higher.
His outlook for gold is “$2,400, $2,500” an ounce.
“I’d say we’re at peak gold and for that reason I think the price of gold is going to do extremely well going forward,” he said.
https://www.kitco.com/news/2022-02-15/Will-gold-price-go-back-to-1-200-Mining-legend-Ian-Telfer-says-peak-gold-already-reached.html
Justice Department Targets ‘Spoofing’ and ‘Scalping’ in Short-Seller Investigation
https://www.wsj.com/articles/justice-department-is-pursuing-wide-ranging-investigation-of-short-sellers-sources-say-11645019122?mod=Searchresults_pos1&page=1
“Some of the funds that have received subpoenas act as “liquidity providers” to Wall Street firms, according to some of the people, standing by to purchase slugs of stock or other securities, including those that have few interested buyers (which makes on wonder if a certain firm that rhymes with bitterwell may be involved).”
https://www.zerohedge.com/markets/sec-subpoenas-morgan-stanley-goldman-probe-block-trading-practices
Company does not report Q4 by 2-15 but based on prior reporting history they report Annual report due 3-31 so don’t expect anything different this year.
Mark Cuban should look in to AABB crypto app……
https://markets.businessinsider.com/news/currencies/mark-cuban-crypto-app-investment-instagram-bitcoin-ethereum-polygon-portfolio-2022-2?amp
Moving up…
Getting interesting
Where did I mansion MMs? I don’t see share count increasing non the authorize amount, so we are near the end of the road with Clive selling story. Soon will know who’s the real sellers are.
Falling volume is that not many sellers and the Melvins being watched lately so the hole diggers will need to work harder if you know what I mean. Did you notice PAUL left the building?