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$AABB $AABBG.X
Looks like list of supported cryptos in the AABB wallet is growing and up to 230 now.
Under promise over deliver!
https://aabbexchange.com/list-of-supported-cryptocurrencies/
?What will it be on December 23rd. as Christmas Present for longs? Or will they wait for next week before exchange launch. Oh, the suspense…..
1. Share retirement/restructure? Will we be under 1Bill as were some rumors?
2. Audit?
(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/
3. El Salvador Chivo—>AABB wallet, official office opening, deal?
4. Additional mines/updates?
PS. Want to have additional conversation please don’t limit me to 1 post/day and expect a reply.
Goodbye Chivo, hello AABB wallet….
“However, while Chivo comes with some benefits for its users, Salvadorans can use any other BTC wallet to store, send, and receive bitcoin.”
https://cryptonews.com/news/us-could-hit-el-salvadors-chivo-bitcoin-wallet-with-sanctions-claims-ngo.htm
https://aabbgoldtoken.com/es/token-aabb-gold-aabbg/
Whatever the company promised they delivered. Stay tuned!
“AABB expects to retire additional shares to the Company treasury in the near future with the ongoing plans to continue the shareholder value initiative.”
https://finance.yahoo.com/amphtml/news/asia-broadband-completes-share-retirement-123000078.html
Meaning of numbers in Asia and AABB smoke Signals……”easy prosper”
“The number 2 (?, cardinal, pinyin: èr or ?, used with units, pinyin: liang) is most often considered a good number in Chinese culture. In Cantonese, 2 (? or ?, Cantonese Yale: yih or léuhng) is homophonous with the characters for "easy"
“The number 8 (?, pinyin: ba; Cantonese Yale: baat) sounds like "?" (pinyin: fa; Cantonese Yale: faat; lit.'to prosper').
The number 8 is viewed as such an auspicious number that even being assigned a number with several eights is considered very lucky.”
“28 (Cantonese Yale: yih baat) in Cantonese sounds like "easy prosper" (??, Cantonese Yale: yih faat).”
“Gold and silver-backed cryptos provide a real solution for inflation-wary investors.”
“Precious metals have long provided a safe haven for investors. Such assets experience consistent demand and have a proven track record of maintaining their value through periods of inflation. By linking the price of a cryptocurrency to gold or silver, investors enjoy the best of both worlds — from the reliability of precious metal investments to the flexibility, scarcity, and upside potential of cryptocurrency.
Take for instance Asia Broadband’s AABBG token. Asia Broadband is a resource company focused on the production, supply, and sale of precious metals in Asian countries……..”
https://tradingyourownway.com/using-crypto-to-hedge-against-inflation-be-careful-which-coins-you-use/
Gitin More exposure for $AABB
https://www.miningnewswire.com/metals-focus-forecasts-silver-shortage-moving-into-2022/
Will the more stable AABBG gold backed crypto token come to El Salvadorans rescue?
“Perhaps the biggest concern, however, is that it exposes a population with little financial education – for the most part, without an economic safety net – to the fate of the highly volatile cryptocurrency markets.”
“The people from Bitcoin Beach explained the benefits and disadvantages [of receiving crypto-payments],” she said. “It changed my mentality to investing, but I wouldn’t keep too much money in Bitcoin. The price has gone up and down a lot recently.”
https://www.theguardian.com/world/2021/aug/30/scepticism-grows-in-el-salvador-over-pioneering-bitcoin-gamble
Will be interesting to see how many of these El Salvadorans will be converting their Bitcoins to less volatile AABBG gold backed tokens with their Spanish version of wallet once Exchange is launched.
https://www.fool.com/investing/2021/07/01/why-el-salvador-is-giving-away-30-in-bitcoin-to-al/
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?
Could be interesting next 2 weeks leading to exchange launch on December 28th.
https://www.cnbc.com/2021/12/10/evergrande-slides-into-default-while-some-ratings-agencies-keep-quiet.html
1/day + iron
“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
$AABB—->AABBG.X—->AABBG.X
1/day
Could This Cryptocurrency Provide the Safety of Gold with the Innovation of Crypto?
$AABB——>$AABBG——->$AABBG.X
https://www.benzinga.com/markets/cryptocurrency/21/11/24034759/could-this-cryptocurrency-provide-the-safety-of-gold-with-the-innovation-of-crypto
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
“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/
“The future is digital. Of this, we are sure. And so for this reason, our AABB Gold Token is only one part of our plans to enter the world of crypto and the blockchain. Rather than simply test the waters, we have decided to go all-in and fully embrace the vast opportunities in this sphere.”
https://www.financemagnates.com/thought-leadership/an-unusual-year-is-about-to-end-on-a-high-for-asia-broadband-inc/
What is the significance of December 28th. AABB exchange launch date?
First the company historically likes to issue PR’r on Tuesday but this is not really big deal this time, the big deal in my opinion is that it’s 4 days before the end of the year and also end of Q4 2021 and I have a feeling that in these 4 days with the help of Spanish version of the wallet all remaining tokens will be sold giving company huge revenue growth for the year and Q4.
I also have a feeling that we will get more news before Christmas such as share retirement/restructure, could be also deal with El Salvador, maybe audit at least in El Salvador. There’s so many possibilities and let’s not forget that there just could be huge naked short position here as few suggested in the past.
Read again and this time between the lines:
“ And crypto knows it's Christmas soon and is getting ready for yet another winter super cycle.
The companies operating in these spheres have had to hold tight for the most part, but as 2022 comes into view, anybody positioned in gold and crypto looks like they are going to enjoy their New Year’s Eve celebrations.”
“ For a company like Asia Broadband, Inc.(OTC: AABB), which is well-positioned in both, we feel that this could be an end-of-year unlike no other.”
“ The future is digital. Of this, we are sure. And so for this reason, our AABB Gold Token is only one part of our plans to enter the world of crypto and the Blockchain . Rather than simply test the waters, we have decided to go all-in and fully embrace the vast opportunities in this sphere.”
https://www.financemagnates.com/thought-leadership/an-unusual-year-is-about-to-end-on-a-high-for-asia-broadband-inc/
Warren Buffet's "Three I" rule.
The Innovator, is followed by the Imitator, who is followed by the Idiot.
The Idiots get carried out.
Innovator——-> AABB
Imitator———> DSCR, NSAV
Idiot———-> GEMZ
DD from Soopersmart;
https://sites.google.com/view/soopersmart/home
GEMZ is shell risk R/S junk and Core State will take your project if you pay them. Business is Business. Don’t compare GEMZ to AABB.
https://www.otcmarkets.com/stock/GEMZ/security
Benny with AABB planning to do business in EL Salvador did they go through this process or planning on it. Do they need this and will it be like an audit?
Thanks for sharing all your DD.
How to Register a Company in El Salvador?
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/
Chivo wallet and AABBG wallet with Exchange launch soon to the El Salvadorans rescue…..
https://stocktwits.com/alidare/message/411590347
https://stocktwits.com/alidare/message/411606963
$AABB
Nice exposure, 42.5k subscribers, 15.4K views.
#AABBG #AABB #crypto
AABB GOLD TOKEN [AABBG] - Hybrid Cryptocurrency Backed by 100% Physical Gold
Worthy read on this quiet weekend in case you have missed before.
https://www.financemagnates.com/thought-leadership/an-unusual-year-is-about-to-end-on-a-high-for-asia-broadband-inc/
$AABB $AABBG
Short interest Up substantially for the latest reporting period and some claim no one is shorting this stock and this does not include naked shorting by these friendly MM’s “Providing Liquidity”
Short Interest
634,811
(21067.42%)
11/15/2021
https://www.otcmarkets.com/stock/AABB/security
$AABB $AABBG
Anything with Core State going public next year and all these private placements. Did you see it?
Interesting events in El Salvador lately
https://www.reuters.com/markets/rates-bonds/el-salvador-plans-first-bitcoin-city-backed-by-bitcoin-bonds-2021-11-21/
For these who are missing Benny just go and re read all his prior posts as he have laid out all what’s coming, no reason to keep on repeating it. DD is done and now we wait.
In the meantime…..
“Some were worried about the new digital currency’s instability and uncertainty around crypto, while other citizens viewed Bitcoin as a path to financial freedom.”
“ Right now, it’s illegal to pay employees or get paid in crypto (president Nayib Bukele has stated this himself), and businesses that pay in Bitcoin will be sanctioned. This was one of the major concerns of the population, as the price volatility of Bitcoin could damage many families’ financial situation. Many live on a tight budget and can’t wait for Bitcoin to rise if it’s low.”
“ “Cryptocurrency will help in the long term; the possibility of not relying on banks for transactions or saving money is great. For a small country with a small economy like El Salvador, financial entities might offer more competitive services or fees to stand out. Also, having a decentralized currency like Bitcoin might give more power to entrepreneurs and local businesses to grow without much hassle.”
“Why You Should Care?
Other countries might eventually follow El Salvador’s lead and adopt crypto as a legal tender.”
https://www.investing.com/news/cryptocurrency-news/life-with-bitcoin-in-el-salvador-through-the-eyes-of-a-local-2685982
“March 2021 introduced its AABBG token’s initial release to the market that is backed by $30 million in physical gold the Company currently holds. Further token releases will continue to be *****backed 100% by additional physical gold acquired from the Company’s future mining production, <gold purchased from cash reserves or credit>.”***** $GOLD
Strong hands gonna get laid, Huggy manage un. Git it?
$AABB $AABBG.X
It would be perfect timing to release exchange news this week!
*****TODAY - #Bitcoin Week in El Salvador begins ????*****
$AABB $AABBG.X
“ Asia Broadband Inc. (OTC:AABB) is an example of a company trying to reach both ends of the spectrum. It believes that investors are looking to enter the market but are wary of the wild swings crypto is prone to. Asia Broadband says that for those looking to protect their nest eggs, but see growth as well, an interesting option may be its AABB Gold Token (AABBG). The token, created by Asia Broadband, is backed by real gold, according to the company. The idea is that the minimum value of the token would be fixed to the spot price of gold, but the token’s valuation could increase from there. This would provide the stability of gold with the growth potential of crypto.
Asia Broadband mines the gold that the token is backed by. The company has been mining precious metals in Asia for a number of years and says this gives it credibility.
It believes that having a token backed by gold might be a great option for high-net-worth individuals and family offices looking for what the company hopes is a more stable investment.”
https://www.benzinga.com/markets/cryptocurrency/21/11/24034759/could-this-cryptocurrency-provide-the-safety-of-gold-with-the-innovation-of-crypto
$AABB $AABBG.X
With the exchange being launched any day now demand for tokens could be huge and supply limited as their mines might not be up to speed yet.
Could Nevada Gold Mines or one of the parents be helpful?
https://www.mining-technology.com/news/barrick-newmont-launch-nevada-mines/
AABBG exchange is build on Ethereum platform…..
Could Kenny finally see the light?
“ Ethereum can also be used to store almost any information securely and privately on a decentralized ledger. And this information can be tokenized and traded. This means that the Ethereum platform has the potential to become a large market for trusted information. We are seeing glimpses of that today with the sale of digital art and collectibles online through the use of NFTs. But this is a tiny peek at its actual practical uses.”
“ It's not just Goldman that has a preference for ethereum over bitcoin. Earlier today, comments from one of the most powerful people in all of finance, Citadel CEO Ken Griffin, about Ethereum’s dominance over Bitcoin are attracting even more attention to the second-largest cryptocurrency, which is outperforming many others this year by wide margins.”
“Griffin, who like Jamie Dimon was a noted crypto skeptic in the past, said Wednesday at a conference that the crypto space could be disrupted by Ethereum’s blockchain.”
"We’re going to see Bitcoin be replaced conceptually by the Ethereum’s blockchain", he said at the DealBook conference. “Replaced conceptually by the next generation of cryptocurrencies that will have the benefits of higher transaction speeds, lower cost per transaction. Perhaps people will start to think about how to deal with security and fraud prevention better.”
“Griffin added he isn’t worried he missed out on crypto. “The train is, in some sense, still in the station,” he said.”
https://www.zerohedge.com/markets/citadels-ken-griffin-sees-ethereum-surpassing-and-replacing-bitcoin
Wow, lousy deal for PVG shareholders, hope someone steps up.
https://seekingalpha.com/article/4467791-newcrest-mining-acquire-pretium-resources-ncmgf-pvg
If the company will successfully mine Bitcoin in El Salvador maybe eventually they’ll issue crypto token backed by 1000th of Bitcoin as larger denomination of gold blacked tokens.
Recent company comments:
“The future is digital. Of this, we are sure. And so for this reason, our AABB Gold Token is only one part of our plans to enter the world of crypto and the blockchain. Rather than simply test the waters, we have decided to go all-in and fully embrace the vast opportunities in this sphere.”
“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.financemagnates.com/thought-leadership/an-unusual-year-is-about-to-end-on-a-high-for-asia-broadband-inc/
If the company will successfully mine Bitcoin in El Salvador maybe eventually they’ll issue crypto token backed by 1000th of Bitcoin as larger denomination of gold backed tokens.
Recent company comments:
“The future is digital. Of this, we are sure. And so for this reason, our AABB Gold Token is only one part of our plans to enter the world of crypto and the blockchain. Rather than simply test the waters, we have decided to go all-in and fully embrace the vast opportunities in this sphere.”
“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.”
$AABB $AABBG.X
Just imagine if company will mine crypto in El Salvador and start issuing besides gold backed tokens also Bitcoin backed Tokens. ??
“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.stocktitan.net/news/AABB/asia-broadband-finalizes-el-salvador-operations-hub-for-latin-1ibsv6bg6tiu.html
Is this like low paid MM’s gofer mumbling all this nonsense here?
C’mon man, git real.
Poor dividend? For the stock that was trading so cheap to reward loyal shareholders it was great, just watch what these dividend shares be worth year from now. Maybe Chris can do the same for loyal shareholders.