Thursday, June 02, 2022 9:05:00 AM
Asia Broadband, Inc.reports finding clearer sailing this year. The company currently holds over $100 million in assets, representing a record 500% increase from last year. Asia Broadband is also reportedly trading in consolidation mode and reached new highs earlier this year, leading to the year-to-date stock being up over 1,500%. The company offers its AABBG freshly minted mine-to-token gold-backed cryptocurrency and a proprietary digital exchange within its AABB Wallet.
Recently, the company announced it had received $2.8 million from four directors of AABB for the purchase of preferred shares.
Asia Broadband President and CEO Chris Torres, who purchased $2.4 million of that total, said, “Our entire management team is committed to the company’s growth and profitability, and we have emphatically demonstrated this with a substantial long-term investment to fuel the expansion of our gold production and digital asset divisions. Our determination to succeed in every area of the company’s business has intensified now with our capital contribution.”
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