Asia Broadband Inc (AABB)

[alidare]

Don’t think Directors were buying in plans of diluting their own shares in the near future.
Also this would not happen without Clive’s approval as he held majority of voting power till this event.

As Mexican Nationals in the control of the company now events might be moving forward faster.

I like these 45% discounts to the insiders buys.

Stay tuned!

“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.”

https://www.globenewswire.com/en/news-release/2022/04/26/2429000/0/en/Asia-Broadband-Completes-2-8-Million-Directors-Investment-To-Advance-Expansion-Programs.html