Asia Broadband Inc (AABB)

[pothen]

PENNY, That PR was almost a year ago. A share buyback doesn't take a year to complete, and it said they were finalizing the debt resolution. This, too, doesn't take a year. Stop the BS. You love to talk about what was PR'd. Be honest and call them out when the PR is fluff and never implemented.


LAS VEGAS, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has negotiated a debt settlement with a long-time note holder and one of the originating financiers of AABB. Management has been diligently working towards this debt resolution for sometime and is now in the process of finalizing and planning the details of the settlement arrangement.

Additionally, the Board of Directors has approved a Share Buyback Program whereby the Company agrees to use its treasury funds to purchase up to $12 million dollars in AABB shares from the publicly traded market place. In recent months, the Company has been facilitating the Buyback setup and logistics in anticipation of beginning the Program.