Asia Broadband Inc (AABB)

[alidare]

The dividends are very important part of the future for this company, first dividend still restricted for 9 months, second dividend for 2 years but the 3rd. Surprise dividend might be very interesting.

Company directors can’t do much with their restricted preferred shares except for voting power and future dividends they are counting on.

“If they’ll build they will come”

“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