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“Asia Broadband’s planned introduction of AABBG in El Salvador will ultimately include opening a satellite office in the country that will serve as a hub for business development and marketing in Latin America.”
“The recent adoption of Bitcoin as fiat currency by El Salvador has created a crypto-focused economy, and we believe that Asia Broadband is a tremendous growth opportunity for AABBG and its AABB wallet.”
https://illinoisnewstoday.com/introducing-aabbg-in-el-salvador-makes-asian-broadband-leap-into-cryptocurrency-adoption/269709/
September 7th. Just in time tor AABBG.X exchange launch, Viva EL Salvador
https://www.reddit.com/r/Bitcoin/comments/o8a1yq/buying_a_coffee_in_el_salvador_with_bitcoin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Bitcoin has 3 flaws — and that could set the stage for other alternatives, says Cornell economist
https://www.cnbc.com/2021/06/18/bitcoin-btc-flaws-set-stage-for-alternative-professor.html
Best if you try to get the answer from Benny as he been here much earlier than many of us and so far been right since the stock was in the trips.
These are good questions and best if you address this with IR on Monday and report to us. Could be public information and who knows we might find out on Tuesday in company’s PR as it’s starts to circulate all over. Enjoy rest of the weekend.
They did purchase these shares as it was part of the deal:
"The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company."
Read it again my post from yesterday and drew your own conclusions, does not say they got restricted shares but if they were could they have been restricted for limited time like one year as the shares many of us got few weeks ago?
I don’t know anything just speculating but you might reach different conclusion.
———
Now about that AABB share retirement…………..
Could this be the 500 Mill shares retirement we keep on hearing?
Could the 28% equity assignment back to the company be that about?
https://www.geekstrong.com.mx/la-mina-e-instalaciones-de-guerrero-gold-belt-en-mexico-acepta-negociaciones-en-etapa-avanzada-con-un-socio-de-empresa-conjunta-de-metales-asiaticos-otro-otc-aabb/
"En 2018, QIEC firmó una asignación de $ 34 millones durante un período de 3 años para obtener un máximo del 40% de participación en el capital social de la empresa. Los fondos de inversión se dedican a la expansión de las operaciones de exploración de activos y producción de oro de la empresa en Guerrero, México. Según el acuerdo, QIEC distribuyó 24 millones y ganó un 28% de participación en la empresa. AABB gestiona conjuntamente el comité de gestión con representantes de QIEC, supervisa, aprueba y decide sobre la presupuestación directa, los gastos de capital y los procesos y costos operativos.”
Translation:
In 2018, QIEC signed an allocation of $ 34 million over a period of 3 years to obtain a maximum of 40% participation in the capital stock of the company. The investment funds are dedicated to expanding the company's gold production and asset exploration operations in Guerrero, Mexico. Under the agreement, QIEC distributed 24 million and gained a 28% stake in the company. AABB jointly manages the management committee with QIEC representatives, supervises, approves and decides on direct budgeting, capital expenditures, and operational costs and processes.
https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html
I guess these are the shares company will be retiring.
"The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company."
Glad to see Ukrainians getting involved, few mentioned here before that this is Ukrainian fraud, well you never know the junkie might get the director’s position and the big guy, the Chairman will get the 10%, and you know man….. “The Thing”
Best if you call IR or wait for the company to eventually announce it. Anyway would you trust any anonymous poster on public board?
“Trust but verify”
_Ronald Reagan
Our friendly MM in the news.
Has been Robin in the Hood?
Pretty good explanation and let’s hope the 28% of share involved in the latest deal will be retired soon.
Oh, oh…..Ukrainians on board?
https://coinquora.com/ukraine-central-bank-speed-up-crypto-legislation/
$150 silver and $3k gold? Expect summer 'fireworks' from inflation, Basel III - Lobo Tiggre
https://www.kitco.com/news/2021-06-01/-150-silver-and-3k-gold-Expect-summer-fireworks-from-inflation-Basel-III-Lobo-Tiggre.html
Basel III to trigger 'liquidity squeeze,' gold price could be looking at $2,100 by year-end - Goldex CEO
https://www.kitco.com/news/2021-06-22/Basel-III-to-trigger-liquidity-squeeze-gold-price-could-be-looking-at-2-100-by-year-end-Goldex-CEO.html
Will the AABB Gold Token Save El Salvadorians Millions in Transactions Fees?
https://techbullion.com/will-the-aabb-gold-token-save-el-salvadorians-millions-in-transactions-fees/
Could gold backed tokens become safe currency of the poor?
$AABB—->$AABBG——>AABBG.X
AABBG Token: What Is It and How Do You Buy It?
https://que.com/aabbg-token-what-is-it-and-how-do-you-buy-it/
I think you’ll need to wait till the company announcement how many shares they have retired next. Hard to figure out now how they calculated 28% of shares, was it at the original signing of the deal or at the end or as their contributions trenches was going in. We should find out soon.
In 2018, QIEC signed an allocation of $ 34 million over a period of 3 years to obtain a maximum of 40% participation in the capital stock of the company. The investment funds are dedicated to expanding the company's gold production and asset exploration operations in Guerrero, Mexico. Under the agreement, *****QIEC distributed 24 million and gained a 28% stake in the company. *****AABB jointly manages the management committee with QIEC representatives, supervises, approves and decides on direct budgeting, capital expenditures, and operational costs and processes.
https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html
I guess these are the shares company will be retiring.
"The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an *****assignment of a 28% equity interest back to the Company."*****
Friends and Family discounts provided to you by our friendly MM’s.
Dig me a hole!
Now about that AABB share retirement…………..
Could this be the 500 Mill shares retirement we keep on hearing?
Could the 28% equity assignment back to the company be that about?
https://www.geekstrong.com.mx/la-mina-e-instalaciones-de-guerrero-gold-belt-en-mexico-acepta-negociaciones-en-etapa-avanzada-con-un-socio-de-empresa-conjunta-de-metales-asiaticos-otro-otc-aabb/
"En 2018, QIEC firmó una asignación de $ 34 millones durante un período de 3 años para obtener un máximo del 40% de participación en el capital social de la empresa. Los fondos de inversión se dedican a la expansión de las operaciones de exploración de activos y producción de oro de la empresa en Guerrero, México. Según el acuerdo, QIEC distribuyó 24 millones y ganó un 28% de participación en la empresa. AABB gestiona conjuntamente el comité de gestión con representantes de QIEC, supervisa, aprueba y decide sobre la presupuestación directa, los gastos de capital y los procesos y costos operativos.”
Translation:
In 2018, QIEC signed an allocation of $ 34 million over a period of 3 years to obtain a maximum of 40% participation in the capital stock of the company. The investment funds are dedicated to expanding the company's gold production and asset exploration operations in Guerrero, Mexico. Under the agreement, QIEC distributed 24 million and gained a 28% stake in the company. AABB jointly manages the management committee with QIEC representatives, supervises, approves and decides on direct budgeting, capital expenditures, and operational costs and processes.
https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html
I guess these are the shares company will be retiring.
"The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company."
Will they all be exchanging their $30 worth of Bitcoin for 5 AABBG tokens once exchange there opens? Get these Spanish wallets soon.
Good translation and most that we already know from company PR’s. There’s interesting stuff in Spanish but I am not going to post it here as think company will make the announcement soon.
Dig me a hole!
Few will tell you the company does not exist and just another "Looney Tunes" a little homework for the know it all:
https://finance.sina.com.cn/money/future/indu/2021-02-02/doc-ikftssap2437317.shtml
Have Fun Boyz!
"Qiangda Investments & Economics & Co., Ltd., is a holding company and facilitating subsidiary of a Chinese owned conglomerate entity. Its operational objective is to secure physical gold supplies for it affiliates’ manufacturing demand and to build an investment hedge that mitigates the risk of instabilities caused by fluctuations in markets and world economic conditions."
Doubledown75, getting warm…….??
Oh, look here, they are mentioned James Gilbert asia broadband, Many times I heard he never existed, what's up with this? I guess more " Looney Tunes"
"CEO James Gilbert shared that their management team is thankful for the Qiangda Investments group support financially and operationally."
"CEO Principal Financial Officer: I, JAMES GILBERT, CFO certify that: 1. Prior to becoming the President of Asia Broadband Inc., James Gilbert spent many years procuring and developing business relationships in Mexico, most … "
http://www.desertdecal.com.sa/assassin-s-iqmswp/james-gilbert-asia-broadband-2d7ea2
Are you talking about 125,000 shares trade 21 seconds after the close?
Must be MM accumulated shares for a buyer and transferred at the average price at the close. Might be accumulation for the shorty.
“Form T is an electronic form that FINRA requires brokers to use for reporting equity trades executed outside of normal market hours. Form T trades occur during extended hours, before the market opens and after it closes. ... The objective of the Form T report is to maintain market transparency and integrity.”
3 Popular Gold-Backed Crypto Projects in 2021
https://www.benzinga.com/markets/cryptocurrency/21/06/21511243/3-popular-gold-backed-crypto-projects-in-2021
Don’t have much information about convertibles but I think find the link to about 500mill shares being retired soon.
Max Keiser: China’s secret is gold-backed crypto to destroy USD
“China’s big move for the 21st century is to pull a “trap door” on the U.S. by launching a gold-backed crypto currency that will devalue the U.S. dollar to “zero,” this according to Max Keiser, host of the Keiser Report. ……”
https://www.kitco.com/news/video/show/Kitco-NEWS/2621/2019-11-26/RERUN-Max-Keis#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS
Top 3 Commodity-Backed Tokens in 2021
https://coinquora.com/top-3-commodity-backed-tokens-in-2021/
AABB Wallet Review: The Complete Guide
https://coinquora.com/aabb-wallet-review-the-complete-guide/
“Company is planning legal action against numerous misleading and defamatory Internet posts on various public platforms and websites over the past several months.”
https://www.globenewswire.com/en/news-release/2021/04/13/2209581/0/en/Asia-Broadband-Plans-Legal-Action-Against-Misleading-Internet-Posts.html
Any links to justify your comments?
Some posting here that there were never any gold mines so what’s up with this?
Top cross border deals in Q1 2021
The $82 million acquisition deal with Asia Metals by Qiangda Investments & Economics;
https://www.mining.com/na-mining-sector-saw-1-34bn-worth-of-cross-border-deals-in-q1-report/
$AABB lots of action in Asia
https://stocktwits.com/Lucky17/message/348581493