Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.**
“The founder of a gold-backed cryptocurrency breaks down why now is the perfect time for investors to buy stablecoins - and explains his prediction that inflation could become "even worse than the 1970s"
http://web.archive.org/web/20210912031648/https://www.businessinsider.com/crypto-investing-strategy-altcoins-bitcoin-stablecoins-gold-inflation-2021-9
Getting ready for next week….
https://aabbgoldtoken.com/latest-news/review-of-cryptocurrency-market/2021/09/10/
Updated version of yesterday’s release and October no longer mentioned.
Shake and Bake! Benny!
https://corestateholdings.com/news/exciting-updates-on-the-aabb-wallet-exchange/2021/09/07/
“Most believe that this event is bound to take the coin’s value higher. The government in El Salvador went a step even further to promote the cryptocurrency’s useby giving $30 worth of free bitcoins to citizens signing up for its digital wallet, known as “Chivo”, or “cool” in English. Along with this, they have also announced that foreigners who invest three bitcoins in the country, about $150,000 at the moment, will be given residency.”
https://coinquora.com/with-el-salvadors-legal-tender-plans-in-sight-will-bitcoin-break-60k/
?
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/
Asia Broadband’s AABBG Token is Bringing Stability to the Crypto Market
“A Novel Crypto Exchange
After achieving substantial success with its AABBG token, Asia Broadband has been working towards the development of a proprietary crypto exchange that has now reached the final stages. Once launched, the crypto exchange will allow users of AABB wallet to make quick two-way exchanges of AABBG tokens for other cryptocurrencies like Bitcoin and Ethereum.
It will also come with an advanced exchange feature that will allow users to manually set buy and sell orders at a selected price. The exchange is expected to have at least 20 trading pairs, with AABBG being paired with all the major cryptocurrencies.
This is undoubtedly poised to facilitate the easy transfer of assets within the market. But apart from this, it is also positioned to add significantly to the transaction fees revenue that could result in appreciation of the value of AABBG.
*****After completing rigorous development and testing, the wallet is expected to launch in September this year.*****”
https://btcmanager.com/asia-broadband-aabbg-token-crypto-market/
Check this out and if only NAK would get approved and concentrate going that direction as this might be the future that even Barrick was talking about gold miners need to be creative…..
https://btcmanager.com/asia-broadband-aabbg-token-crypto-market/
September 7th. Tuesday might be the day to watch for.
“El Salvador is throwing a Bitcoin party, and everyone's invited”
“The most recent step includes giving away $30 in Bitcoin to all adult citizens.”
Will they be holding these Bitcoins or convert them to AABBG gold backed tokens with less volatility?
https://www.fool.com/investing/2021/07/01/why-el-salvador-is-giving-away-30-in-bitcoin-to-al/
Interesting to watch what’s might be happening and why things are happening the way they are. How this might effect NAK future…
?
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/
Will the more stable AABBG gold backed crypto token come to El Salvadorans rescue?
Was Chris Torres spotted on Bitcoin Beach lately?
“ 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
Peter Schiff , this is the only cryptocurrency that makes sense:
Start at 11:30 minutes
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