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AABB PPS Ready To Explode On Report Of 1000% Gross Profit Growth To Over $3 Million
New York, NY -- January 15, 2019 -- InvestorsHub NewsWire -- The stock price per share of Asia Broadband Inc. (USOTC: AABB) is likely to explode when the company files its upcoming annual report. Last year the company reported $277,000 in gross profit on $882,000 in revenue. As of September 30, 2018, AABB has reported $2.7 million in gross profit just through the end of the third quarter. 2018 year-to-date (YTD) revenues through the third quarter have already exceeded total revenues for 2017 and the gross profit is up 1000%. AABB has quietly snuck into the mining business with a unique twist connecting mineral resources in Mexico to buyers in China. When the company files its annual report for 2018, there will be nothing quiet about this company any more. Put this one on your radar. AABB is trading at about $0.01 with a 52-week high of $0.10. A PPS retrace to the $0.10 52-week high even before the annual report would not be a surprise. With nearly $2 million in cash on the balance sheet now, a PPS much higher than the 52-week $0.10 high is well deserved
Two things of note:
The stock promotion flag on the OTCBB website was removed Friday.
The 20,000,000 increase in RS that hit last week was Qiangda's first Oct investment, priced at .25 a share.
Email him and find out. I don't work for you.
So Nick with Cervitude is back representing AABB which means good news right around the corner.
Agree Saints. Hope you are well and good to see you.
Where is .0001 and no bid like others said is coming? That block at .0068 sat there most of the week. Most are watching and waiting. Plus traders like Georgie are buying low when they can. This isn't dead yet.
I'm still a believer that this would be a rather elaborate con for the detail put into the Q releases, the LOI, and subsequent financing. Seems like a TON of trouble to me and James Gilbert has no history of being a serial con man like you see out here. Granted, he doesn't have much history period.
Also, they picked up another shareholder of record this week to the tune of 20,000,000 shares. Things are happening here. Just have to see how it plays out.
Gold price looking real good today. Hope it continues to go up.
Montezuma?
re·tain
/r?'tan/
verb
verb: retain; 3rd person present: retains; past tense: retained; past participle: retained; gerund or present participle: retaining
continue to have (something); keep possession of
They hired him, didn't they? People get let go and/or replaced all the time for many reasons. Doesn't mean he isn't an "official" IR guy. He has other clients.
What are you hearing BennyMojo, Mr. Insider!
Looks like there is enough belief that people are holding their shares? Not seeing any big sells which means most are waiting to see what happens this month.
You seem to forget that Qiangda Investments & Economics & Co., Ltd. is a real entity and they did do a placement with Asia Metals in October verified on Bloomberg. Wouldn't make any sense for Qiangda to bother with the Placement if they didn't feel there was something to invest in. They are invested and most of us want to see how this plays out.
Qiangda, in fact, may invest their next 9 million dollars on January 1st. You just never know. Glad you are along for the ride gitreal!
Nice close and thanks Georgie for getting this out to your Tribe.
What's next for you Georgie?
Two straight days of T-trades? Am I seeing that right on Level 2?
Wait until James pushes it down to the 52 week low or lower and then buy guys. He's done an outstanding job crashing the stock thus far.
Bids rising a little this morning.
Well, well I see ARCA popping up on Level 2 this morning. Haven't seen them in months.
MACD crossed at .01 Monday afternoon, and started ticking up signalling a modest BUY movement. RSI is at 34 this morning so far indicating OVERSOLD. Two good indicators to watch!
This looks like a great find Georgie. Love the SS.
Yet the company isn't selling hundreds of millions of shares each week to fund their extravagant lifestyles?
If there were, I might believe you.
Looks like NITE is going to be the blocker this morning.
I agree with #5 here Benyam. Not enough volume rolling to prove they are selling shares.
I know everyone is bummed right now. Are these guys doing everything right? Absolutely not. They are junior miners. I think they are doing all they can to get this going.
Plus this is still a low-floater. Could turn on a dime.
I'm expecting the new website this week. It's been a month, plenty of time for a good developer to put it together. And I am happy with the DD I did on the JV partner, too.
I got a PM from someone this morning with good advice...
leave you emotions out of trading...I get it...a stock goes down and nobody likes to see that except the traders that like to buy low when they can and watch it ride up down the road...Every single ticker on every single board goes up and down ...so when they go down you have to look at it as a buying opportunity..
Just remember all tickers have big runs from the bottom not one ticker on any exchange has a run from the top...
Now we get to look forward to the MMs selling $150 worth of shares.
Some good stuff about GGB in here...
https://issuu.com/mexicobusinesspublishing/docs/mmr_2018_book_complete_issuu
get all you can benyam. plenty of shares for sale.
If it is the same company, I think Qiangda Investments & Economics & Co., Ltd. is a subsidiary of Fujian Fengrong Investment Co Ltd. Maybe.
Just posting what I find out there Huggy...
It looks like Qiangda Limited spent $45 million in May of 2017 to acquire a 4.6% stake in a Hong Kong watch and jewelry seller called Citychamp.
https://www.conyersdill.com/publication-files/2017_08_CAY_ASIA_MA_REPORT_FINAL_WEB.pdf
Same company?
Morning Benyam! Let's make it a great day!
Everything will be revealed soon my friend. Do your homework and ask the right people and you will see.
These articles deal with china-based listings, not china-based investors gitreal. I think there is a difference.
No different than me approaching Asia Metals if I had 34 million dollars I wanted to invest. I could be from anywhere, but my money would spend, right?
For those of you questioning Qiangda Investments & Economics & Co., Ltd...I firmly think they are a JV partner of Asia Metals.
https://www.bloomberg.com/research//stocks/private/snapshot.asp?privcapId=588505377
NEWS NEWS NEWS!!!!
Asia Metals Inc. Eliminates Two Share Classes; Drill Results Expected In January
BY PR NEWSWIRE — 14 MINUTES AGO
LAS VEGAS, Dec. 3, 2018 /PRNewswire/ -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., has amended its capital structure by eliminating the Common B and Preferred share classes. The total authorized capital of the Company has been reduced from 1.1 Billion to 500 Million shares. The Company had not issued any common B or preferred shares to date and had no future intentions to use those share classes.
Additionally, the operations of the Company's 2018 Drill Program are currently on going. After taking into consideration the upcoming holiday season, the Company is estimating to have drill results available to be announced by the end of January 2019.
"We are all in very high spirits from the early indications of our drilling program. In the beginning, we experienced several delays to get things started and there is still much work to be done in carefully conducting our entire program to report comprehensive results," expressed James Gilbert, the Company President and CEO.
Thanks for your messages Larry.
Why do you think it will be next year instead of this year that the subsidiary and concessions will be named?
Yeah, it's all laid out TAZ. The plate is set and cheap shares are available for those who want to make some serious money. I cashed out quite a few of the shares i got cheap in July @ .0985 and have reloaded down here for the next big run!
AABB adding at .0265...
Why are you so hung-up on the rigs?
LAS VEGAS, July 24, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has confirmed the shipment of two fully equipped track carrier mounted drill rigs from China that will be utilized for the targeted drill program in close proximity to the Company's mine in Guerrero, Mexico. The drilling units and accessories are expected to be received by the Company FOB destination at the Port of Acapulco on July 30, 2018.
The lack of availability of drill rig equipment within a reasonable timeframe led the Company to source alternative suppliers. Through management's extensive network of contacts in Asia, surplus drill equipment was located in China and secured on a lease and purchase option basis. Additionally, the terms of the lease are expected to reduce drilling costs and allow for additional meters to be drilled within the Company's $745,000 budget. Prior to preparations for shipment, the drilling machinery and equipment was evaluated and tested by an experienced mining engineer and drill operator.