Replies to post #92350 on Asia Broadband Inc (AABB)

[motleytool]

".Note was needed in beginning for the company to get a start." Totally false! The original note was not even for WC and up til june 30 2020 financial report, This was the language.

" On January 15, 2016,
the remaining outstanding debenture amount of $311,007 was acquired by Whitecastle
Capital Corp."

Quarter ending Sept 30 2020 (third quarter) note language changed to the following:

"On January 15, 2016, the Company received $311,000 from Whitecastle Capital Corp. for a
convertible note with an interest rate of 8% per annum. The note has conversion price of
$0.05, after a 2 year period, and a 4 year term to maturity. As of September 30, 2020, the
total amount of the debt outstanding with accrued interest was $448,671"

This change was made so investors would think WC was the original lender which is false.


This means the money was already lent to the prior Entity before current owners acquired the company from Brian Glass. AABB got nothing from WC until amount of note was increased in last quarter 2020. This language of the note changed in 2020 year end ER.

"On January 15, 2016, the Company received $311,000 from Whitecastle Capital Corp. for a
convertible note with an interest rate of 8% per annum and has conversion price of $0.05,
after a 2 year period, and a 4 year term to maturity. At the option of the holder, the note was
increased by $600,000 in 2020. As of December 31, 2020, the total amount of the debt
outstanding with accrued interest was $977,281." .......

Year end 2020 financials were posted April 1, 2020. The reason your statement is false is the fall of 2020 they were PR'ing the first installments of the Guerrero mine sale. The final PR stated the 82 million dollar sale was completed in fourth quarter 2020. They had 82 million according to PR!!!!!!!! They did not need any money from WC!!!!!! All lies to fool gullible investors!!!! Here is the Guerrero PR:

https://www.benzinga.com/amp/content/19159995

If you had 82 million already would you need to simultaneously borrow 600 thousand???

[gitreal]

So between note and DMM’s which u know is happening

The "DMMs" are a non-factor. The note is everything.

Good luck with the AABB gamble.........hopefully, it is just fun money at risk. Unfortunately, for some, it is far, far more than that. $150 million ripped off by these crooks so far and still going....