Home > Boards > US OTC > Miscellaneous > Asia Broadband, Inc. (AABB)

I will give it a shot Taz.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (4) | Next 10 | Previous | Next
Robert Johnson II Member Profile
Member Level 
Followed By 89
Posts 15,821
Boards Moderated 5
Alias Born 10/07/10
160x600 placeholder
AABB - Asia Metals Inc. On Track To Acquire New Gold Mine Properties By Year End 2019 InvestorsHub NewsWire - 9/19/2019 9:07:14 AM
AABB - Asia Metals Publishes $0.24 PPS Peer Valuation Analysis InvestorsHub NewsWire - 9/13/2019 10:22:37 AM
AABB Gold Mining Op Gets $0.24 PPS Analyst Target - 2400 Percent ROI Potential InvestorsHub NewsWire - 9/12/2019 10:32:35 AM
AABB- Asia Metals Analyst Report Speculates $0.24 PPS Over 12 Months Based On Peer Valuations And $0.09 PPS Over 4-6 Months InvestorsHub NewsWire - 9/12/2019 9:24:49 AM
AABB - Asia Metals Increases Gross Profit Target 20% To $6M As Gold Mine Operations Continue To Expand InvestorsHub NewsWire - 9/5/2019 8:32:10 AM
ALYI Could See $0.07 Soon Running From Current Sub-Penny PPS On Anticipated News InvestorsHub NewsWire - 9/4/2019 1:59:15 PM
AABB - Asia Metals Inc. Announces Candidate Gold Mine Acquisition Site Visits InvestorsHub NewsWire - 9/3/2019 9:00:00 AM
AABB - Asia Metals Confirms Management Update On Existing Gold Mine And Acquisition Pipeline InvestorsHub NewsWire - 8/29/2019 9:19:21 AM
AABB - Asia Metals Inc Announces Gold Mining Operations Expansion Launching Acquisition Campaign InvestorsHub NewsWire - 8/28/2019 9:10:00 AM
AABB - Expects To Publish Gold Mine Core Sample Assay Soon - Gold Price Remains Near 6 Year High InvestorsHub NewsWire - 8/22/2019 9:54:59 AM
AABB - Asia Metals Gold Mine Valuation Potential Validated By Goldman Sachs' Upgraded 2019 Gold Forecast InvestorsHub NewsWire - 8/15/2019 9:38:30 AM
AABB - Asia Metals Confirms $5 Million 2019 Annual Gross Profit Target On Track InvestorsHub NewsWire - 8/13/2019 10:55:02 AM
AABB - Asia Metals Reports 61 Percent Gross Profit Increase To $2.75 Million For Six Months Ending June 30, 2019 InvestorsHub NewsWire - 8/7/2019 11:13:33 AM
AABB Break Out Alert On Gold Prices, OTCQB Move And $5 Million Gross Margin News InvestorsHub NewsWire - 8/2/2019 9:00:00 AM
AABB Initiates Audit Firm Selection for OTCQB Up-List InvestorsHub NewsWire - 7/31/2019 1:20:05 PM
AABB Reversal With 1000% ROI Potential On BULLISH Rating And Short Squeeze; ALYI, HEMP and PURA Also Rated BULLISH InvestorsHub NewsWire - 7/22/2019 1:18:30 PM
AABB Confirms 2019 $5 Million Minimum Gross Profit Projection InvestorsHub NewsWire - 7/17/2019 8:56:37 AM
AABB - Asia Metals Trends To $5 Million Annual Gross Profit Validating Mining Operations Expansion InvestorsHub NewsWire - 7/10/2019 8:37:51 AM
AABB PPS Set To Rise From $0.01 To $0.10 And Beyond With Gold Heading To $2000 InvestorsHub NewsWire - 7/8/2019 9:39:31 AM
AABB BUY REC - $0.01 W/Potential To $0.10 After 1000% Revenue Growth To $3.8 Million InvestorsHub NewsWire - 6/27/2019 11:37:48 AM
AmericanBulls Reports BULLISH Indicators For PURA KALY AABB GDET InvestorsHub NewsWire - 6/24/2019 9:00:00 AM
AABB - Asia Metals Expands Gold Mining Operations As Goldman Sachs Raises 2019 Gold Forecast InvestorsHub NewsWire - 2/7/2019 9:00:00 AM
Load Up On AABB Before 1000% Gross Profit Report Drives $0.02 PPS To $0.10 InvestorsHub NewsWire - 2/4/2019 11:22:50 AM
USMJ BREAKOUT ALERT - PPS UP 30% ON HIGH VOL - $0.0008 X $0.0009 HEADING OVER $0.01 - ALYI KALY and AABB ALSO TOP PERFORMERS InvestorsHub NewsWire - 1/30/2019 12:28:31 PM
Robert Johnson II Member Level  Wednesday, 09/04/19 09:30:46 PM
Re: TAZMANS post# 4578
Post # of 4924 
I will give it a shot Taz.
The first payment for the 20,443,586 shares shows up in the filings and also the shares issued for it. However the shares were valued at .028 as opposed to the .244 you show in your post. Which is only worth $572,420 and they checked “no” where the form asks if the shares were discounted. Yet they claimed they received a $5 million payment. So that math doesn’t add up.

The other 3 share costs for 2019, 2020, and 2021 are estimates based on a cost per share that may or may not be realized at that time , so I can’t speak to that.

As far as the share structure, the current. Outstanding shares are at 456,647,054 with Authorized being 500 million as of 08/30/2019. I don’t see another class of shares listed for AABB.

There are only 43,352,946 shares left to issue, so there are not enough shares left to issue that 57 mill for the 2019 payment, at the .244 price, but would work at a .20 cost per share for the $9 million equity investment. However .20 would make one hell of a payday, but it is a long way from where we are now under .01, and that would still max out the share count.

I would hazard a guess that the Authorized shares will be raised soon to a range between 750K - 1 Billion.
The other option is to do a reverse split. Better for us to raise Authorized. Most of the shares issued over the past 4-6 months have been for debt conversion according to the filings. They show 7.6 million in cash and equivalents so why not pay off the debt and keep the shares for the equity investor? They could easily pay it off.
They issued approx 30 million shares in August but I cannot say for sure why until the next filing, but the recent history has been debt conversion.

Maybe they will shed some light on things tomorrow, with the main one being a verifiable location of the mine.

© Redistribution of this material in whole or in part,without express and
written permission from this post’s author, is strictly prohibited"
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (4) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist