Asia Broadband Inc (AABB)

[alidare]

If you still believe in this company and vision they are on path too you might find bargain in todays price.

Many have complained last year that they have missed the 1/45 dividend. When they issued the dividend the stock price was around .16 so at todays price you are getting 50% discount to the price at the dividend time.

I would think that Martin Augusto Vallejo Lujambio of Bonanza mine did really good DD before accepting $4mill in AABB restricted shares.

“The property’s total purchase price was $6 million, split into $ 2 million cash and $ 4 million in restricted shares of Asia Broadband.”

On the day of the closing of the deal November 30th. 2021 the stock price was @ .18 so this should give him around 22mill shares.

At today’s price you are getting about 60% discount to his restricted shares.

On April 26th. 2022 "the Company has received a total of $2.8 million from the four directors of the Company for the purchase of preferred shares. A total of 28 million non-convertible, preferred shares were issued at the par value of $0.10 per share with each share having 100 voting rights and equal participation with common shares for all future dividends. The Company President and CEO, Chris Torres, purchased $2.4 million of the total preferred share issuance. The entire $2.8 million share sale proceeds will be allocated to the Company’s capital expansion programs."

At today’s price you are getting 20-25% discount to their purchase price.

Do your own DD and invest based on your comfort level.