AB International Group Corp (ABQQ): Does it make any sense..at all..for the...

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AB International Group Corp (ABQQ)

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Re: Viewmont post# 20354

Thursday, 08/22/2024 5:47:23 PM

Thursday, August 22, 2024 5:47:23 PM

Does it make any sense..at all..for the company enter into a credit line where dilution is massive...and then turn around and burn cash to retire shares? If the ceo had said that with the $800,000+ was coming in and the year end was going to be a profit of $250,000...and announce the RS at the same time it would go up. A RS only reflects the direction of the company. The stock dropped to 1 when the loan agreement was announced...because it is a thoroughly shitty and ruinous deal. The RS was announced a while back. I held 15 million shares at an avg of 4. I sold 10 to get my cost back and bank $4,000 profit. Holding 5 million shares cost free because the potential of the company is enormous...if they smarten up it can happen.

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