Replies to post #46390 on Asia Broadband Inc (AABB)

[alidare]

These are good questions and best if you address this with IR on Monday and report to us. Could be public information and who knows we might find out on Tuesday in company’s PR as it’s starts to circulate all over. Enjoy rest of the weekend.

[TRX50]

Trenfoight. I’m going to attempt to answer your question.
Back in 2018, AABB entered into a JV with Qiangda Investment & Economic Co (QIEC) where AABB will receive $34mm for 28% interest in the company
10/24/18 $5mm received for 6% interest
12/10/19 $9mm received for 10% interest
10/22/20 $10mm received for 12% interest
With AABB receiving all 3 tranches, QIEC had a 28% interest.
Early this year AABB announced that the Guerrero mine will be sold to QIEC for cash, gold bullion and a 28% interest back to the company.
What does this translate to stock?
11/22/18 20,443,586 issued to QIEC (6%)
12/06/19 36,798,455 issued to QIEC (10%)
2020. 40,887,171 estimate for (12%) since issuance did not occur because both entities agreed in principle to transfer ownership of the Guerrero which entailed returning the 28% interest.
Hence 98,129,212 or somewhere in that ballpark encompasses the 28% interest.
I got my above numbers from PRs and annual report. Hope this helps.

[TRX50]

BTW shares that were issued to Qiangda were restricted shares. My guess is the lions share of the 107mm shares retirement comes from the Qiangda deal.