DD FOR bAABBoons
Ownership
______
William Snyder -
successful architect, partner of TSK architects, has done deals with Chinese and HK before. Honorary Board of Trustees at Mccaw School of mining. Said place is sponsored by Barrick, employees of Barrick on board. Wife is an artist and he seems pretty into art, hand in hand with architecture presumably.
Clive | Mendenhall - 2 people (Doing Business As (DBA))
Clive Massey -
multiple mine companies. Uses lawyer James Barker for his work with multiple successful companies
Mendenhall Family -
Bob and
Marc Mendenhall of Las Vegas Paving and more. Use James Barker as lawyer
Bob is very $$$ multiple patents from asphalt to car antennas and mobile data
Example; Donated $13M for Mendenhall Center at UNLV. FATHER OF GREENING OF AMERICA MOVEMENT in UNLV profile. Description of movement is below
Mendenhalls and Snyder are both Henderson residents
Mendenhalls are LDS and LDS has a history of having currencies outside the purview of the USG
References to the Greening of America Movement, the libertarian movement, are in relation to the boom by Reich, dividing America into 3 consciousness
I: Whiners and losers
II: people who buy into corporate state to profit and feed consumption
III: people who see the problems and want to fix things
Reich also states that cultural change must come before libertarian political change
Unknown Factor: convertible note holder from Time Call NA, Luis Vega converted a total 877M shares. Does Luis Vega still own these shares? I think so. As user @SooperSmart pointed out on stocktwits, he came on in the same time as Snyder who was at one time.
Problem is with Luis Vega is that we do not know his identity and possible motivations with conviction.
———
future plans
———-
How does AABB go to 1000s+? Gradually and then Suddenly
Share Restructuring
Clive and Mendenhalls will shift their share positions to be in line with Snyder. Potentially Vega too. Hopefully they will be less than Snyder since it seems he was the start of this. See spreadsheet below for an MM outstanding short position estimate and potential share retirement. A more thorough description is located in the footer.
Big $GOLD player, thinking Barrick based on Snyder connections, comes in either buys shares from company that they have from qiandaga to add even more cash to balance sheet or from Clive and Mendenhalls. Or they hold some for the next mentioned offsets
IR has stated no share buybacks, to me indicating they already have shares and will do big share restructuring/retirement when a major player comes in to entice them even more, I wouldn’t be surprised to see a retirement of the convertible note either. I believe the convertible note was bait for the MM to get very naked.
A big player will then have AABB equity stake on balance sheet. That raises the big player’s borrowing power so they can take part in more m&a’s in their core competency, gold mining, while agreeing to sell any gold for a price under market value to AABB to supply any excess demand we cannot handle based on current production and ramped up once bonanza is developed. They may even partner to help with production.
Let’s see how big of a chunk a major player gets. I wonder if an El Salvador “Vision Fund” will also want some.
Operations
this is going to be the prime contractor for the main source of revenue, gold backed crypto, for all of the gold industry
Arbitrary example: You know how a $BA
puts together a bunch of stuff from other contractors like $LMT and $RTN
to put together... let’s say a fighter jet?
That’s what aabb will be. They will manage the end product of gold backed crypto currency while spreading the love to gold industry on storage depot contracts, supply contracts, foreign offset projects, you name it, anything involved
Speculating on recent Benny comments regarding Chivo Wallet:
By industry doing business together, and leveraging their contacts and current structures, they significantly can increase their collective revenues via a system of subcontracting to each other
As AABB already has experience, I would argue they will prove their core competency as a final integrator for asset backed token management within an exchange and wallet ecosystem
If the prime, AABB, receives a contract from El Salvador to manage a new iteration of their wallet and exchange for all citizens to country provided by tax dollars, they will receive blended cost from different cost elements/cost centers ranging from Core State for technicals, and cost respective of proportions of gold owned by individual miners within the AABBG ecosystem to total supply. These are just two examples of potential cost elements, but there are a lot more moving parts then just these two.
We needed a working mine and promising prospects to go into negotiations with an advantage and guide them to the creative solution that we showed them, portrayed above. This is while we maintained our ground and shareholder value by having a viable path and probable competition in the gold backed token space to be 1st or at least associated/invested in the 1st. We are migrating risk by connecting ourselves with big players. We are the most accessible due to us having our own exchange and wallet with many pairs.
The above is the way we are able to create the player’s want to get in this moment on our terms since the deal is symbiotic in nature
In my humble opinion after that partnership step
If we get something going in El Salvador, and countries see it working well for them, potentially taking a large amount of markets in Latin America by partnering with each respective country and having a subsidiary that partners with respectively domestic miners in each country, this is headed to $1000s
Like it or not we would increase our growth by providing value and getting the backing of respective local businesses
the term for the potential partnering with the industrial base or community in each respective country and providing value and incentive for the country to do business with us is called an “offset”
This is how we create value for our customer, the customer being the governments/countries/populations that partner with us
We would partner with the industrial base in the respective countries and bring together adding the gold from a mining company or precious metals company from their country. We then cut them in on % of transactions within the country or help them develop gold mines in their country to contribute to overall AABBG gold reserves if the demand of gold is too much for AABB and partners to handle. This will happen if more countries then just El Salvador adopt AABBG and bitcoin/eth etc mix and move away from fiat
This will allow for the subject of currency to be taken out of government hands and I think the population will see the value of keeping their currency in denominations of AABBG and other crypto. A small government that can focus on its core responsibilities/competencies is most effective imo, follows same logic as business.
I have explained Gold backed currency and the problem of fiat to a myriad of people from all walks of life and they think
$AABBG.X
is a great idea that can save their purchasing power and give them a fair opportunity to build wealth
_______________________
description of spreadsheet
This spreadsheet goes over the total volume of each of the past months since our large rise
For conservatism’s sake I take off 25% of the total volume from the months above resulting in the number, so said number is 75% of total volume between the past few months.
Next it takes an estimate of 45% short volume to the 75% of total volume to show the shorts. This is about what we have been seeing consistently on some of these websites such as fintel, but most are of the opinion these do not include naked shorts. Also, the MM most likely did not fully cover on the last rocket, just up to needed margin requirement and then short again
Using that 45% times the 75% we get ~2.35B shares that the MM is short
Q shares returned is the 28% equity stake returned to company by old jv partner. I got the number of shares, in millions, by multiplying 28% at time of announcement by the OS. 20m shares are the shares already listed as retired by filings
Next we see the 2q status of the Clive + Mendenhall group of the accumulated shares, plus in the cell below the other increases to OS we have had this quarter
William Snyder retired 100m of his own shares per last filings, bringing him to a total of 175m shares. I am creating 3 equal parts to represent each interest in Clive/Mendenhall group described in ihub DD (Robert Mendenhall is dead though, so that is why statement of Barrick and its ties with Snyder, this is also assuming all parties are equal partners)
This 4 equal parts, fourths equal to Snyder stake shows shares amount to retire if everything is per the DD above. Compare resulting OS to estimated cumulative short total
As an added bonus see Luis Vega Shares for the first note holder since Snyder took over the company. I bet he is still holding his shares. See resulting OS and Float if Vega was reduced to 175M.
Conclusion:
Ideologically, I think this was a huge play by Snyder and people involved who seem to be conscious III’s of the previously stated greening of America movement. They want to enact change and give honest money to honest people via AABBG, as we know honest people, saver’s, money is devalued at a rapid rate due to inflation due to irresponsible monetary and fiscal policy at our central bank and government respectively.
The founders also want to screw with MMs.
They do not need capital, why take capital at expense of normal people via ipo with bankers?
Why not take over a penny stock ticker that they know has been naked shorted to the ground, and make a bang, as the people’s currency by giving money back to the people truly when they invest in it from the ground up?
AABBG actually could save a lot of people if the atrocities that are our current monetary and fiscal policies continue.
AI
