Asia Broadband Inc (AABB)

[motleytool]

Made this connection to the Cheines about a year ago. The Dillution in GEMZ will come from the preferred share structure and issuance. Its worse than the Whitecastle note. At present only 2 preferred shares are issued to one person. This is the conversion to common share language from last filing:


Conversion Right: Each holder of Preferred Stock may, from time to time, convert any or all of such holder's shares
of Preferred Stock into fully paid and non-assessable shares of Common Stock, for each Preferred Stock, in an
amount equal to one times the sum of (i) the total number of shares of Common Stock which are issued and
outstanding at the time of conversion plus (ii) the total number of shares of any other series of Preferred Stock which
are issued and outstanding at the time of conversion.


They are allowed to issue up to 25 million preferred shares. The dillution will never end!