AB International Group Corp (ABQQ)

[Ping70]

Cash Coming in...The Company acquired a movie copyright of “Too Simple” from Guang Dong Honor Pictures Ltd in July 2021 at a price of $1,271,680, which was to be paid in installments. As of November 30, 2021 and August 31, 2021, $1,184,385 and $644,785 was paid and recorded in long-term prepayment. On December 31, 2021, the Company entered into a termination contract with Guang Dong Honor Pictures Ltd to cancel the purchase of this movie copyright and will receive a full refund before May 31, 2022.

Plus,

Jan. 24, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces entry into an agreement with the buyer in Hong Kong to sell its 3 films' “Love Over The World”, “Our Treasures” and “Confusion” broadcast rights of mainland China for a consideration of $1.8 million in cash. AB continues to own all copyrights & broadcast rights excluding mainland China.

So 2.5 million coming in and not including almost 7 million in revenue from the movies.

$ABQQ