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Pulling the warrants with options available is blackbelt level 3d chess by the company. This will have rocket fuel tomorrow.
They pulled the warrant offering to burn the Capybarra short attack. Epic squeeze tomorrow. SSR and no warrants to cover ...BOOM!
Hindenburg doesn't take take small short positions. They are good at what they do. I am well aware of the last few days price action. Also aware of shady past of NVOS ceo. This is a squeeze due to the announced buy back followed by the R/S to reduce float. Check mate for Hindendburg.
Looks like Hindenburg is caught in an epic squeeze.
Suggest every long read this section regarding the preferred shares very carefully. They control more than just 1:100 voting rights. They also control the destiny of all equity and assets on dissolution. The equity/assets of the company get distributed to the preferred shareholders at the same "pro rate" ( 1:100 ). This means any dissolution of AABB
(including a buyout) ......guess who gets to keep the equity/assets????????
This is straight from last quarterly filing page 4, item 2.
"2. For preferred stock, describe the dividend, voting, conversion, and liquidation rights as
well as redemption or sinking fund provisions.
Preferred Stock has voting rights, with each share being entitled to One Hundred (100) votes and the rights to receive dividends and the net assets of the Corporation upon dissolution, with each share vote participating on a pro rata basis with each share of Common Stock."
Got to give credit to these guys......they covered their six.
Wonder if mecrugroup allowed license of AABB to do this?
The video of the new processing plant that keeps circulating is here:
Cheer up longs. At least this company has an American entity that will be liable as they are complicit in this. You know........the IR company that sold you all the monkey pics. In the previous incarnations (SRGE, CRGP) the perps' disappeared without a trace and no monies were ever recovered by busted investors. They day the IR company decided they could make some easy cash selling monkey pics to you was the day they became an accomplice.
All provided by AABB. No audit by an independent 3rd party has ever been done. The lack of concession number for the Guerrero mine is a mistake they cant undo. Once several people began calling them out on it, concession numbers have been provided for every mine LOI or lease after Guerrero sale. I encourage you to keep asking Mike or requesting from the company directly. Without the concession number for Guerrero..........the cash and gold story falls apart.
There is an OG pumper group that has somehow gained control of the Stocktwits AABB Board. The convo you had with Mike is old news. Every time somebody posts Mikes responses (even with screenshots) they get suspended. My account was permanently banned. I (along with a few others) exposed the whitecastle note immediately after the spike to .60 when the very next set of financials showed the jumps in outstanding shares and allocations to whitecastle without any SEC form 13's. The only possible way so many contrarian AABB accounts are getting banned on Stocktwits for this ticker is if someone inside has become part of this scam. Several of us have even posted links to all the SEC filings to back up our posts. Whitecastle would without question be in total control of this company if they still owned all the shares they have been allocated. Don't you think they would have forced Torrez and the rest of the crappy board out for destroying all their equity if they were still a share holder with billions of shares? Nobody is shorting this ......its all about the note. Until a real audit is done, nothing this company has PR'd can be verified. The Guerrero mine that that started all this nonsense ( 30 million in bullion and 80 million cash ) likely never existed as they have never provided the concession number from the Mexican Mining Registry. Keep digging as what you are doing (real DD ) is helping to expose these guys.
There are no whales coming.
You are right about Eastern European origin. The Core State crew are Russian immigrants living in Canada.
I posted it on the GEMZ board. You can give this to Janice.
Read the preferred share conversion structure in the last filing. This is nothing but a never ending dillution scam in the early stages. Only 2 preferred shares are issued at the moment. They can issue up to 25 million. This is the conversion to common shares language from the last filing:
Conversion Right: Each holder of Preferred Stock may, from time to time, convert any or all of such holder's shares
of Preferred Stock into fully paid and non-assessable shares of Common Stock, for each Preferred Stock, in an
amount equal to one times the sum of (i) the total number of shares of Common Stock which are issued and
outstanding at the time of conversion plus (ii) the total number of shares of any other series of Preferred Stock which
are issued and outstanding at the time of conversion.
Made this connection to the Cheines about a year ago. The Dillution in GEMZ will come from the preferred share structure and issuance. Its worse than the Whitecastle note. At present only 2 preferred shares are issued to one person. This is the conversion to common share language from last filing:
Conversion Right: Each holder of Preferred Stock may, from time to time, convert any or all of such holder's shares
of Preferred Stock into fully paid and non-assessable shares of Common Stock, for each Preferred Stock, in an
amount equal to one times the sum of (i) the total number of shares of Common Stock which are issued and
outstanding at the time of conversion plus (ii) the total number of shares of any other series of Preferred Stock which
are issued and outstanding at the time of conversion.
They are allowed to issue up to 25 million preferred shares. The dillution will never end!
The "connection" is Core State Holdings. They are offering an Ammolite backed token for for this company. Guess what......drumroll ......GEMZ has an old obscure convertable note.
When a large public company builds facilities at a new site there are always signs on or near the property such as "future home of Walmart, Burger King, Mickey D's, Pizza Hut, etc." As much as these guys promote empty holes in the sides of mountains wearing all AABB swag accompanied with pickup trucks also bearing the same logo's ......why not one AABB reference in any photo to tie the processing plant building site to AABB?????
Anyone else notice the obvious absence of any ....cough ..."officers" in the new processing plant property/building photo's ??? Also cant seem to "connect the dots" on why it would be profitable to transport material off any mine site to be processed in the middle of a valley/sugarcane field. Likely AABB does not own this property or the buildings. This isnt the first time this group claimed and promoted ownership of properties not belonging to them. Seem to remember in the SRGE or CRGP promotions they went so far as to put their logos on mining equipment at a property they did not own.
Go look at Clives last conversion in Q4 2022 of 90 million @ .0004 on Oct 20, 2022. The price of the stock never reached the .05 "exercise" price in Q4 ( Oct 1, 2022 - Dec 31, 2022) til after he got the shares. Illegal much???????
Someone needs to ask Michael in IR how Clive converted 90 million shares on Oct 20 2022 @ .0004.....
This is the language of the note in the ER showing the conversion:
"On January 15, 2016, the Company received $311,000 from Whitecastle Capital Corp. for a
convertible note with an interest rate of 8% per annum and had a conversion price of $0.05,
after a 2 year period, and a 4 year term to maturity."
The daily price action for Oct. 20, 2022 never hit .05 ..... The high of the day was .041.....
So 90 mil shares illegally converted to Clive @.0004 then sold at an average price of .035 = a nice payday of around 3.1 million stolen from common shareholders. At what point are you dummies going to stop drinky Benny's evil MM nakeed koolaid and go after the real fraudsters?
Not even UPS, Fed Ex, DHL, or any shipper issues a "delivery confirmation" until the parcel is reported as delivered from the driver of the truck. This PR is completely suspect and illegal.
How stupid is a company to release a PR with a title:
"Asia Broadband Confirms Delivery of New Plant Site Equipment for Large-Scale Gold and Silver Ore Stockpile Processing"
when the title should read:
"Asia Broadband Confirms DELAY DUE TO SUPPLY CHAIN ISSUES of delivery of New Plant Site Equipment for Large-Scale Gold and Silver Ore Stockpile Processing"
Fixed it for you!
Lemme translate todays PR for the people in the back. According to the most recent financial report, no significant amount of money was used to purchase any 800 million dollar stockpile in 2022 even though they PR'd multiple times the deal was completed in early Dec 2022. The processing plant that is supposed to be built in the sugar cane field is coming from Asian suppliers and the ol "supply chain" excuse is pushing the delivery of the plant parts out 4 - 6 weeks..........no supply plant if ever. One million dollars of gold bullion exact to the nearest dollar jumped out of no where to back the NFT project. BTW that beeping noise you hear in the back ground is Clives dump truck backing up to unload more "cheapies" at .0004 for you to buy on todays news.
Hmmmmm:
"In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico."
Dont recall seeing this in the year end 2022 financials. Nothing in the expenses for q4 would lead you to believe any money was spent purchasing the "Stockpile". So which document is false......todays PR.....or the year end 2022 filing?
Yes an ID named Daniel Cheine was posting on stocktwits. Dummy used his real name and photo in his profile til he got busted. Then changed it to Flyingmonkey when it was pointed out to him that "shilling" with his obvious conflict of interest was illegal. He tried to deny it wasnt him after the change to flyingmonkey. He would trip himself up repeatedly in his posts leaving little doubt it was him. The Cheines are most likely behind the legal threats as they have used this shady tactic before on other projects when bears would provide solid evidence that went against their narrative.
And here I thought the circus left town......nope. There is still one paid promoter clown here. Can you make us some baboon faces out of those magic balloons?
Someone left their clown costume behind. Inevitable they had to come back to get it.
Gold mine scams have been around a long time. This wasnt the first and wontt be the last. Bre-x is worth looking into to see that even the pro's can be fooled. JPMorgan bought the Bre-x scam hook line and sinker. Lives were ruined and nobody went to jail. This is a less polished version of the same scam. Bre-x "salted" the samples in the mineral reports to fool investors. An independent eventually went the properties and found zero gold from their new drill samples. Remember when one of the mineral reports identified "chain of custody" of the AABB core samples as a problem? Now you know why.
Game over! 2 million share sale on level 2. Longs keep buying the dip only to see the price get crushed with sells.
Better read the "stockpile" PR again longs. It clearly does not say they bought the property. The PR states:
"The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point."
Also look up definition of the word ALLOW. You guys have been hoodwinked again. They have not purchased anything other than "permission to process at an economically feasible price point."
They have done nothing more than purchase an option to trick you guys into buying more of Clive's Bags.
Golden Buffoon wallet Mining Club. The only club where the company treats shareholders like monkeys. Then they sell you monkey pics just to see how stupid you really are.
Smoking gun evidence of the WC dillution fraud is in the financials. All financials from 2016 to present contain this sentence showing the WC acquisition of the converatable debt:
"On January 15, 2016, the
remaining outstanding debenture amount of $311,007 was acquired by Whitecastle Capital
Corp. and as of June 30, 2018, the total amount of the debt outstanding with accrued interest
was $328,144."
Investors repeatedly ask ,"why doesnt the company just buy out the note so common shareholders equity would be protected?"
The companies response has always been that they cant control the note holder and that WC has full control over the debt for equity conversions.
This is a fabricated lie!
The terms of the all original note(s) have redemption (buy out) language in all financials prior to 2016:
"The Company also has the right to redeem the debentures, upon 10
days’ written notice to the holder, by paying 105% of the outstanding principal amount plus
accrued and unpaid interest."
AABB could "redeem" WC note at any time for under a million dollars. Instead they have stolen over a hundred million dollars from common shareholders by dilluting and selling shares from the WC note scam. Its all there in Black and white if you know where to look.
Anyone else notice a strong lack of evidence in the year end 2022 financials supporting the "800 million stock pile" purchase? The details of the purchase agreement were released in a PR dated Dec 6, 2022 as being "completed". A purchase agreement of this size should have seen a significant expense bump in the financials. Exclusive rights to "lock down" the stockpile should have seen a pretty significant retainer or other monies in the financials. Likely never was any exclusive purchase of the stockpile.
Where is "Payroll" listed in the financials? Non existent.......?????? See "cost of mining production" for entire 2022 as $223,133.00.....So a million of gold produced for a couple hundred thousand in mining expenses????? Who are they trying to fool? Straight from the ol Googler:
"Current and historical gross margin, operating margin and net profit margin for Barrick Gold (GOLD) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Barrick Gold net profit margin as of December 31, 2022 is 3.92%."
Perhaps Barrick should hire AABB to take over their operation as they appear to be able to pull gold out of remote Cartel territory for a 75% profit margin lol.....!!!!!!
Token sales fell 90% 2022 compared to 2021....... They sure got us bashers "by the short and curlies"....lol
"Legal" fees for entire 2022 were only 70 thousand. What law firm did they hire to pursue litigation? BTW that figure was roughly half of 2021 figure. Thought they spent last 2 years building a case against Kenny G and Benny's basher hit list. Lawyers in Mexico must be vegetable pickers that moonlight to work that cheap.
Year end financials are out. Token sales fell off a cliff along with the exchange fees for 2022. Looks like they produced a nice perfect round number of 1 million gold bullion. Almost like they never had to leave the swivel chair to come up with that one. Even the fake "Gold Rush" on TV has more believable figures. Still don't see any insurance premiums in the expenses for the gold bullion. You know..... the gold that is in a super secret secure location deep in cartel territory.
Sorry.....all true. He forwarded me the SEC field office location. Trust me......I double checked his story.
A former long PM'd me over a year ago to apologize and inform me that he had reported this trash to an SEC field office in person. He was contacted by an investigator and interviewed. Also said he had direct communication with Cheryl at Turner Stone (last auditor) and the reason that AABB pulled the plug on the audit was that James Gilbert refused to produce the articles of incorporation for Mexico. The auditor did not know they were fired until the PR broke blaming shareholders. AABB has been under an active investigation for over a year if this former long is telling the truth.