AB International Group Corp (ABQQ)

[Ping70]

Here's a few post from Stockfan100 that might help. Others have provided a ton of DD as well.

CEO paid $320,000 out of his own pocket to buy 20,000 series B shares.

Each Series B shares will be converted to certain number of common shares when the owner of Series B wishes (after any restricted time, if any) to have common shares.

We don't know what the CEO's conversion rate is yet but I am sure he will convert the B shares when price is much higher. How do I think that way?

Well, if he had any intention of selling them below the market price, our CEO could just legally pay as low as $20 (0.001 per share) for those shares.

BUT, our CEO paid $320,000 for his 20,000 B shares!

That is how fair and confident our CEO is when it comes to the future success of our company and to protect the shareholders's share values.


"AB INTL GROUP Announces the Prepayment of Convertible Notes Holds by EMA and CBP

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced the repayment of convertible notes, issued on July 17, 2020 and January 8, 2020 ( the " EMA Note and CBP Notes"). The Company made a $145,300 prepayment of principal and interest on EMA Note and CBP Notes and, in connection with this prepayment, EMA Note and CBP Notes were terminated. And there released 313,659,990 they reserved shares to the Company treasury.

Chiyuan Deng, AB’s Chief Executive Officer, stated, "In continuation of the previously announced transactions canceled all warrants, we are pleased to announce the full repayment and termination of EMA Note and CBP Notes. The repayment creates financial flexibility for the Company as we manage our capital requirements and seek to maximize shareholder value."

About AB International Group Corp.
AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged to acquisition and distribution of movies. The Company has a Patent License to a video synthesis and release system for mobile communications equipment, in which the technology is the subject of a utility model patent in the People's Republic of China. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model.

For additional information visit www.abqqs.com"

Also.....

ABQQ CEO bought 500,000 shares @ 0.085 per share on 2/3/21
This ticker is getting very interesting again! Price was $20+ before COVID!

10:02 AM · Feb 4, 2021
https://sec.gov/Archives/edgar/data/1605331/000166357721000044/xslF345X03/ownership.xml

CEO Bought 500,000 shares @ 0.085 on 2/3/2021!