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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
SEC Chief to Wall Street: The Everything Crackdown Is Coming
https://www.bloomberg.com/news/articles/2021-10-08/sec-chief-to-wall-street-the-everything-crackdown-is-coming
Asia Broadband (AABB) Forays into the Crypto Domain
https://cryptomode.com/asia-broadband-aabb-forays-into-the-crypto-domain/
Not trying to pump anything, told you do your own DD and decide. Both on the pinks and risky stuff so don’t bet your baby’s milk money. Let’s compare notes in January. Good Luck.
India loves that Gold. Should be interesting to see these AABBG gold backed crypto tokens sold to Asian markets.
https://www.nasdaq.com/articles/indias-sept-gold-imports-surge-nearly-8-times-as-prices-drop-govt-source-2021-10-04?amp
Benny maybe for our 2022 celebration you might want to consider E11even Miami
https://11miami.com/about
https://specialevents.11miami.com
And they do accept Bitcoin and maybe by the celebration time will accept AABBG
https://www.prnewswire.com/news-releases/e11even-miami-becomes-the-first-major-nightlife-venue-in-the-united-states-to-accept-bitcoin-301267440.html
Good explanation of what is going on now and was known way in advance.
Will CRXM need to file now new 15c 211 before resume trading?
https://www.jdsupra.com/legalnews/the-lights-could-go-out-on-over-the-8944648/
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
Hope you all while waiting here making money on other stocks and if this don’t start trading by the end of the year you can get no value letter and write it off against your gains. Been in similar situation with a stock many years ago, stock got delisted, did not trade for 3 years and then in hot IPO marked, IPOed again, run nicely and I got out, eventually stock got shot down for good to never hear from again. Yes it was in medical field. Good luck to all.
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
So based on the latest token sales AABB is holding $1.5 million worth of Bitcoin and once exchange is launched they should be able to sell rest of their 5.4 million of tokens for a total of approximately $30mill worth of Bitcoin. Just calculate on their plans to sell total of 500 million of these tokens backed by gold from their mines or others mines, maybe even by buying gold futures…… mind bugling opportunities, “ideas create wealth”
https://bitcoinmagazine.com/markets/twitter-drives-300000-bitcoin-price
China is making room for their own gold backed Yuan but can you trust the commies to get the audit and just not to have another weapon to spy and have control over their citizens?
Asia is big and AABBG don’t need China.
So I think many here missing a point of the larger picture. I can only post 1/day due to generosity of the moderators here. Pay attention. They have sold so far 277,500 tokens, let’s say at the average at $5.74 that’s around $1.5mill of crypto could they make a deal with Clive for his reminder of the note for crypto? Also soon after exchange is launched they might sell fast the reminder of these 5.4miill of tokens and that’s all inclusive around $30mill of crypto, can they make a deal with Clive for part of it then if not having enough gold buy some gold futures and keep on selling tokens….what if they might be talking to Mark Bristow of Barrick Gold and Newmont and the new Nevada Mining, remember Bristow said Gold needs to innovate, …….. well think big. Mind bugling opportunities here. That’s all I have to say for now.
Asset-Backed Tokens May Be Your Ideal Entry Point to the Crypto World
The beauty of asset-backed cryptos is that they are tied to a tangible real-world asset.
“One project that counters all these issues is the AABB Gold Token (AABBG), launched by Asia Broadband, Inc. (OTC:AABB). A unique aspect of AABBG is its vertical integration of Mine-to-Token gold-backing, making it unlike any of the other gold-backed cryptos out there. This unique feature means AABB holds verifiable physical gold assets that back the AABBG token 100% from the company’s mining production segment.”
https://www.financemagnates.com/thought-leadership/asset-backed-tokens-may-be-your-ideal-entry-point-to-the-crypto-world/
Chris, c’mon man 5 days to go…..
https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf
Benny keep up the good information coming, it’s the only post allowed for me today. Thanks!
For many months in the past there were days with very large volume in this stock even tho some claimed that the float was very small so who was selling?
Was this what was going on here?
https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist
Could el Presidente be buying all these Bitcoins to eventually exchange them for Gold Backed AABBG Crypto tokens on Fiat Free Exchange?
https://coinquora.com/150-more-btc-acquired-by-nayib-bukele-will-violence-erupt-in-el-salvador/
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 news this week was that biggie needed few more days to accumulate while allowing shorty to dig that hole deeper.
Git it?
Make Kenny G and his pals Evergrande again…..
Citadel might be “To big to fail” getting away with anything and might be helping G man in this case to protect Fiat.
What makes you so sure they are not doing it?
“Tell the world what you intend to do but first show it”
Their just might be an Ace up their sleeve or maybe a joker.
Providing liquidity?
From Reddit poster on GME…….
Citadel's naked shorting is the fuel to the moon.
**Firstly: Naked shorting is legal. Yep, this shit which let's apes moon is legal - thank you SEC :)**
**Read this to understand naked shorting:**
>\[...\] **“naked” short selling contributes to market liquidity**. For example, broker-dealers that make a market in a security[\[4\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn4) generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. **Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security**, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time.Source: [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm)
**Read this, something sounds similar?:**
>The trading in the stock of Boston Chicken Inc. (BOSTQ) on the OTCBB during 1999 was very similar to Iridium. Boston Chicken is another bankrupt company, which was delisted from the Nasdaq National Market on December 10, 1998\*\*. Throughout 1999 almost all stock analysts valued the company as nearly worthless\*\*, **yet the stock was being touted by public investors through the use of Internet chat rooms**. Therefore, buyers continued to enter the market. BOSTQ began 1999 at a price of 30 cents per share and rose to 90 cents by late January 1999. The stock continued in the 60-70 cents range through July and then slowly dropped to a low of 10 cents by the end of December 1999. **Hill Thompson continued to fill the steady flow of buyers during the first part of the year by selling short. At one point Hill Thompson was at risk for an extremely large short position. However, Hill Thompson did not try to cover its position by buying into the market for this would have added to what Hill Thompson believed was an already overvalued price**. As the public investors began to sell, Hill Thompson slowly covered its short position. Hill Thompson believes that it maintained an orderly market in the face of unfair attempts by some public investors to raise the price of BOSTQ and saved some public customers from potentially greater losses than they may have already suffered.
>
>Source: [https://www.sec.gov/rules/concept/s72499/broy1.htm](https://www.sec.gov/rules/concept/s72499/broy1.htm)
So uhm. We have a float of only **70M shares,** of which in a conservative calculation around **100%** is "locked" by insiders or institutions ([https://www.reddit.com/r/GME/comments/mevufb/ownership\_summary\_available\_on\_gamestops\_website/](https://www.reddit.com/r/GME/comments/mevufb/ownership_summary_available_on_gamestops_website/)).
**Why is this a problem?** Well, as long as noone is interested in Gamestop, all is cool. But if now retail or new institutions want to buy shares, there is **NO SHARES TO BUY**. However, funnily, the market regulations got the them - for this our favourite market maker (Citadel) comes in play. But oh no, Citadel also doesn't have a share! **So Citadel puts up his magic hat and creates a** ***Phantom Share*** **from nothing which he uses to fill the order.**
# If the buy demand exceeds the shares available on the market, the MM takes a (naked) short position to keep the market liquid.
This whole thing wouldn't be a problem, because usually people will sell again when they made some profits or when the share price drops, letting the MM to cover. But well, if **THE WHOLE WORLD STARTS BUYING SHARES OF A STOCK WITH NO AVAILABLE FLOAT, DIAMOND HANDS AND CONSTANTLY BUYS MORE THAN IT SELLS (4:1 or higher order ratio) OVER 3 MONTHS** (see [Dejiro](https://www.degiro.ie/knowledge/blog/most-traded-stocks-march-2021) statistics for Europe, see Fidelity statistics posted in this sub, see [RBC](https://www6.royalbank.com/en/di/hubs/investing-academy/article/top-10-traded-stocks-in-march/kkr40d4p) statistics for canada, see [comsec](https://www.commsec.com.au/mosttradedinternationalshares) statistics for australia), **CITADEL CONTINUES TO PRINT SHARES AND CAN NOT COVER THEM**.
These shares are similar to "normal shorts", however don't need to be borrowed (NO FEE), **are not reported into the SI** but need, of course, also be covered at some point.
**FTDs:**
Naked shorts usually end up as FTD (and FTR), however, can be hidden through noise (HFTs or Day-traders) which can be used to reset the FTD timer. But, if the buy demand exceeds what the noise can hide (ie. buy volume increases), we see a high amount of FTDs. Also, if shares can be located through the NTCC borrower program, MMs can use these shares freely as a borrowable. ([Read this: Naked Short Sales and Fails to Deliver: An Overview of Clearing and Settlement Procedures for Stock Trades in the US](https://www.researchgate.net/publication/228260887_Naked_Short_Sales_and_Fails_to_Deliver_An_Overview_of_Clearing_and_Settlement_Procedures_for_Stock_Trades_in_the_US))
# TLDR: If we assume that institutions and current retail holders aren't selling more than retail, whales or other institutions buy, Citadel (or other MMs) continues to naked short everyday (which is not reported into SI) to provide Liquidity, increasing the lovely floor price.
This shit is huge. It only needs a catalyst which forces MMs to cover and it’s at the moon boys and girls. **Maybe this week, but if not, it doesn't matter - because if apes continue diamond handing, each day will just add fuel to the rocket.**
**I like the stock, this is not financial advice.**