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Zero pressure on the buying side right now.
Hope you all are right. L2 looks terrible to start the day.
Still not enough shares being tossed around to validate that. Nobody is getting rich. Not enough volume.
We never saw 100 million days when this was trading at .0050.
They should be reporting drilling results on the new property any day...
Hate seeing you go though!
You went from being Long and Strong with 500,000 shares at Noon on Friday to selling them before the Close? Surely you are joking?
Yep. And the Mexican subsidiary will be called ASIA METALS MEXICO, S.A. de C.V.
Sunny,
They have had two drill rigs on site since last August; they are drilling.
One important distinction here Mert. They have been mining an existing property for over a year to make the money they are currently reporting. The drill results expected come from an adjacent property that supposedly has not been mined yet.
Drilling results would be good, too!
I have never talked to him. Would like to.
What's BS? That I sent an email to IR and have talked to others on here TODAY who did the same thing?
I talk to IR several times a week dude. None of your concern.
And sell volume overtook buy volume for the third day in a row.
That trend has got to change if we are going to move up.
Several of us have emailed IR to find out when they are going to stop the on-going promotion. The people who they wanted to make money did by dumping their shares already. Hopefully most of them have.
Very bad look for James and Co. to just continue this for a full week instead of updating us on the mine location, drilling results, expansion plans, next JV installment, etc.
Exactly. Everyone just see what happened? No Friday doldrums. That's all James and the Machine at work.
No kidding SAINTS. Unrelenting and the PPS will just keep going down, down, down. James has it figured out!
The Promotion worked just fine for the note converters. They all made their 50 to 75 percent. Textbook!
Gonna be a day of low .02s unfortunately.
You should have a good opp at .03 this morning JMC. NITE is camping out again early courtesy of our fearless leader James. Think you'lol do fine.
Thanks Whip. Good day to you!
Think you are right on the money here HORST.
Not so simple. Why were sells 3 to 1 over buys the last two days if this thing is days away from being .25? That's the question you need to be asking yourself.
And talk to any Long on here who knows the SS numbers backwards and forwards over the last year and they will be thinking the same thing.
With respect Baxy, there were almost 10 million shares the company used to pay of debt by offering at XX price about 10 days ago to someone or an entity. So while the numbers don't look different to you, they do to me since the Promotion coincided with the offering.
So "dilution" has been occurring to some degree on the 10 million since they are unrestricted. Do I have proof No. Maybe some day traders flipping, yes, or some longs getting out. But the volume of shares traded is a pretty good indicator and the actual sells themselves, with the ASK staying at 10K while shares are just flying off the shelf at a stalled price. If this is such a hot potato right now, there would be way more buys than sells unless someone got shares super cheap (the 10 million) and are cashing them in over the last few days. Hopefully the selling will subside some and the buy side can start taking over. I think once this entity liquidates their position, we'll be good. The last few months have shown very little action compared to what we've seen the last week.
Not trying to rain on anyone's parade here because I have a sizable chunk of this stock and have since June. I do want it succeeded as much as new traders do. So let's just hold on for the ride!
Gotta hand it to them, they are hitting a ton of available outlets with guns blazing. Hope it trickles down to us as far as a higher PPS with some staying power.
There are 265,000 on .03 for you all to grab!
Nice ASK. It will climb to over a million before mid-afternoon.
Company just killed any kind of run over the last week dumping all those shares into the Promotion.
Hopefully all the selling is done now. THANKS JAMES.
Let's watch .0320s and see how many get sold at this price. ASK is 80K shares. 31,500 have gone so far with no change in the 80K.
Yesterday over a million shares were sold on 10K Asks at 330, 340, and 350.
Good job WHIP. Yep, almost 10 million shares to drop on the market and they are going to SELLLL them until they are done.
Buy vol: 273,919
Sell vol: 441,408
Sells outpacing buys just like yesterday so far. Hope the tide turns.
AABB - Asia Metals $3 Million Gross Profit Validates Mining Operations Expansion Plans
Las Vegas, NV -- January 24, 2019 -- InvestorsHub NewsWire -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., today announced the continued acceleration of its mining operations expansion activities in 2019. Last year, through the third quarter of 2018, AABB reported $2.7 million in gross profit and management has confirmed it will report over $3 million in gross profit for the full year. The Company only reported $277,000 in gross profit on $882,000 in revenue in 2017 prior to the implementation of its operations expansion plans in 2018. The additional operations resulted in a 1000% increase to AABB’s gross profit through the 3rd quarter of 2018 compared to the entire previous year. In addition to the dramatic increase in gross profit, the Company reported $1.8 million in cash on the balance sheet at September 30, 2018. Asia Metal’s strategic growth focus has allowed the Company to capitalize on a unique ability to connect mineral resources in Mexico with a high demand for such resources in Asia. In conjunction with the upcoming annual report, management plans to publish a number of strategic updates regarding the Company’s comprehensive expansion throughout 2019.
You all need to start watching Level 2 early in the session. Upward movement started getting blocked like 10 minutes in by NITE who put up a 10K block at .0350, then .0340, then .0330. What should have been 30K turned into over a million shares sold at those three prices.
Can't go up 50% when that is happening!
I'm hoping whoever was liquidating is done for the week so we can move up big.
Where is Benyam in all this craziness?
It's not. Asked and answered in early January. Besides, a PR would have been put out 21 seconds after it was received. Lol
Nice JMC!
Then why did the Restricted Share numbers jump 20 million from 12/3 to 1/9? Nick told me it was from the October 5 million investment from Qiangda?
Are there other Chinese investors we don't know about?
The Chinese investors have Restricted shares so don't factor that number into the float.
Thanks Killion. Stick around for the real fun that is about to begin!
IMO it was coordinated. A good friend on here mentioned to me that the company didn't add 10 million shares to the float just for fun; those 10 million shares got let go cheap and the promotion(s) helps sell them. At least we stayed green.
Just my opinion.
Now we just need to real news!