Asia Broadband Inc (AABB)

[mert]

I would like someone explain in detail how shares will be retired. My understanding is shares restricted or not have to be in the company’s treasury account. If shares are not in treasury account they have to be purchased in some fashion like a tender offer. For example 1billion shares at .10 would require $100 million, the company currently does not have that kind of cash for a share buy back. Is there some accounting magic or other scenario that allows retirement of shares without spending a ton of cash?