Asia Broadband Inc (AABB)

[alidare]

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.
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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."