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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?
Benny, any news on share retirement?
Could something like this be happening?
“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/
$KYNC $AABB I’ve confirmed with company that we should see integration of $AABB GOLD backed wallet/exchange this week as promised in recent PR! Look for updates to start this weekend. @PayHowApp @kyncap @KYNHomeServices @SolomonWilliams pic.twitter.com/4UTLGqEami
— Cornerstone Marketing Inc. (@jeff_lien) February 10, 2022
In process of liquidating all other stock holdings and moving all here. It’s to cheap to pass it up. Hope your DD is good and don’t disappoint us. Keep up the DD coming.
AABBG gold backed crypto could come to the rescue.
“Fitch lowers El Salvador’s rating due to Bitcoin adoption.”
https://www.investing.com/news/cryptocurrency-news/fitch-lowers-el-salvadors-rating-due-to-bitcoin-adoption-2761196
What’s coming, tickets buying with AABB wallet? Will AMC also implement?
https://pay.how/tickets.aspx
Looks like they will be updating there’s website this week to reflect AABB Wallet
https://pay.how/
Just imagine how many more companies will be getting on board and news could be coming daily and weekly. We need to stay patient and hungry while the shorty “providing liquidity”.
Russian Billionaire Potanin Says Tokens Can Displace Crypto
https://www.bloomberg.com/news/articles/2022-02-07/russian-billionaire-potanin-says-tokens-can-displace-crypto
What does Peter Thiel know?
“Palantir buys gold bars as hedge against ‘black swan event’”
https://www.mining.com/web/palantir-buys-gold-bars-as-hedge-against-black-swan-event/
Wow, Wow, Wow, only 42% liquidity provided today.
DoJ Crackdown On Activist Short-Sellers Has Expanded To Target More Than 30 Firms
https://www.nationandstate.com/2022/02/05/doj-crackdown-on-activist-short-sellers-has-expanded-to-target-more-than-30-firms/
“Trust but verify”
_Ronald Reagan
Could something like this 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/
https://asiabroadbandinc.com/chris-torres/
Chris Torres – President, CEO, COO & Director
Mr. Torres is a finance and business administration professional and brings with him more than a decade of corporate, operations, manufacturing management experience, *****most recently from several long-term leadership positions with Flex Mexico.*****His ability to coordinate and integrate individuals’ strengths to maximize productivity has been demonstrated consistently throughout his career and will be a key asset to Asia Broadband’s operations. *****Along with his Bachelor of Arts Degree in Economics and a Master’s Degree in Finance from TEC de Monterrey, Mr. Torres possesses a flare for technology and has extensive cryptocurrency investment knowledge.*****
“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/
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
Ha hah, as the market ready to go to the cropper on the soon to be started rates hikes they going long. Contrary indicator.