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$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.
At this time % wise you get better returns on AABB after taking profits at much higher levels you might switch it to tokens staying away from dying Fiat. JMHO.
They did this few month ago to AABB shareholders. They gave 1 share for every 45 shareholders hold. They are restricted for 1 year now but still nice gesture.
It’s just a matter of time…..
https://cointelegraph.com/news/latinx-communities-continue-to-rise-above-bitcoin-adoption-obstacles
$AABB
$AABBG.X
Why Do You Need A White Label Crypto Transaction Solution?
https://ptpwallet.com/ptpwallet-news/why-do-you-need-a-white-label-crypto-transaction-solution/
“White label products are products or services that are produced by one company that other companies rebrand to make it appear as if they had made it. They provide companies with an already functioning and refined product. This allows companies to easily introduce solutions that they otherwise would have to develop themselves, thus saving a lot of time and money. White label products essentially allow businesses to take advantage of third-party expert work at a fraction of the cost.”
An unusual year is about to end on a high for Asia Broadband Inc.
https://www.financemagnates.com/thought-leadership/an-unusual-year-is-about-to-end-on-a-high-for-asia-broadband-inc/
Don’t look gifted horse in the mouth.
If you did your DD the right way you know what’s in the future and vision of this company. In 10 years if not sooner you will not see much fiat out there and gold backed looks pretty, pretty, pretty good.
Just 9 years ago Bitcoin was .50, any of these holders from these days still hold. I remember some bought pizza with it.
Any news on additional share retirement?
I hear some are running nakid here?
$AABB $AABBG.X
AABBG gold backed crypto best of both worlds!
https://www.kitco.com/news/2021-10-20/The-U-S-dollar-as-we-know-it-will-be-dead-in-10-yrs-bitcoin-price-to-hit-2-million-in-5-yrs.html
Benny, 1000+ strong bAABBoons are with you all the way!
We have no fear, El Toro is near!
Mining’s Critical Role in the Fight Against Poverty
“One doesn’t usually associate mining with social development and poverty eradication, but mining is central in alleviating poverty and achieving many of the objectives of the United Nations Sustainable Development Goals. This role comes into sharper focus as the world works to curtail some of the worst impacts of the Covid-19 pandemic, which in less than two years has undone decades of progress in the fight against poverty and threatens to push up to a further 173 million people back below the poverty line.”
https://www.barrick.com/English/news/news-details/2021/minings-critical-role-in-the-fight-against-poverty/default.aspx
The sell of 275 shares at .0001 was just a message to Chris as the fee for the trade was much higher than the proceeds.
“Giddy up!”
Benny when trip to Toronto?
Visit $GOLD while there.
Hey Benny, good luck with your Business trip or will it it be Exchange launch celebration with CSHC? Will Clive be there? How about $GOLD?
Say hi to Canadians bAABBoons.
??????!
?
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."•••••
Have Chris Torres been talking to 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/
Just a speculation! Maybe one of this Fridays?
AABBG gold backed crypto tokens to the masses. Conversion to and from fiat via Chivo wallet.
“The Chivo numbers don’t tell the complete story. Salvadorans don’t have to use Chivo, the government’s officially sponsored bitcoin wallet, if they don’t want to. Any Lightning Network-enabled bitcoin wallet, such as the Bitcoin Beach Wallet or Jack Maller’s Strike can be used to interact with Salvadoran merchants.”
“And the Chivo wallet enables instantaneous conversion of bitcoin to and from dollars, obviating the need for consumers to spend or save in dollars if they don’t want to.”
“Most importantly, the impact of Chivo is likely greater among low-income Salvadorans who have access to smartphones but not banks. Among El Salvador’s two poorest quintiles, many of whom live in rural areas, only 6 percent have bank accounts. If El Salvador’s poorest can benefit from bitcoin, everyone can.”
https://www.forbes.com/sites/theapothecary/2021/10/07/in-el-salvador-more-people-have-bitcoin-wallets-than-traditional-bank-accounts/
https://www.otcmarkets.com/stock/CRXM/overview
Warning! This security is traded on the Expert Market
The Expert MarketSM serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public quoting. See additional information about the Expert Market
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
“If [small investors] were not paying attention to that rule change, they’d better be happy with what they own, because they may be stuck with it for a very long time,” says Robert Forster, a former hedge-fund portfolio manager who sometimes trades over the counter. “You owned a publicly traded security; now you’re a private-equity holder. Congratulations! You own it forever.”
“Warren Buffett often counsels investors to buy stocks they’d be happy owning if they couldn’t sell for years. Every once in a while the market turns that adage into reality.”
https://www.wsj.com/articles/an-sec-rule-was-meant-to-protect-individual-investors-chaos-ensued-11633705328
“If [small investors] were not paying attention to that rule change, they’d better be happy with what they own, because they may be stuck with it for a very long time,” says Robert Forster, a former hedge-fund portfolio manager who sometimes trades over the counter. “You owned a publicly traded security; now you’re a private-equity holder. Congratulations! You own it forever.”
“Warren Buffett often counsels investors to buy stocks they’d be happy owning if they couldn’t sell for years. Every once in a while the market turns that adage into reality.”
https://www.wsj.com/articles/an-sec-rule-was-meant-to-protect-individual-investors-chaos-ensued-11633705328