Asia Broadband Inc (AABB)

[motleytool]

A long on ST emailed IR a question about Whitecastle and being a 5% shareholder. The response from IR stated that the terms of the note do not allow 5% shareholders so all shares are sold after being converted. Now we know why they illegally created the preferred shares with the 1:100 voting rights. Remember the board owned zero shares at the time so this was not their decision to make. Should have been voted on by a quorum of common shareholders.