AB International Group Corp (ABQQ)

[doesitreallymatter]

Did you see the 8-K out today? It's a real doozy.. Get this. They sold 92K shares of Preferred C shares that converts into 73,969,849. The net proceeds are $70,380 after paying fees of $9,620 (12%). Doing some quick math, that comes out to $0.00095 per share. Congrats ABQQ. You've arrived at quads. (Pretty sweet deal if the stock were worth anything, but it's not).

Now here's the real question, if they had a revenue transaction for $2.1MM before and just had another for $1.2MM, why do they have to sell any shares? The 8-K says they need it for working capital. WTH? They had like $300K in cash on the last 10-Q.

Fully diluted, ABQQ has to be close to 3/4 of a billion shares. I have faith they will get a billion some day. That will be real cause for celebration.