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Saturday, July 24, 2021

AABB (Asia Broadband) Powerful Resurgence as Its Gold Backed (AABBG) ERC-20 Token Release Imminent

AABB (Asia Broadband) is gearing up back into breakout mode after weeks of choppy waters following a significant short attack. The stock is one again under heavy accumulation and topping 40 million shares and $7 million in dollar volume on Friday alone. Over the past few months AABB has seen a spectacular run up the charts from double zeroes to recent highs of $0.659 per share.  Now with the release of the Company’s long-awaited gold-backed ERC-20 token coming any day, penny stock speculators are once again moving into AABB and looking to drive this stock into a whole new dimension. The timing could not be a better for a major reversal back to previous highs of $0.659 as btc moves over $60k and the Company launches its gold-backed ERC-20 token which it expects will become a world-wide standard of exchange that is secured and trusted with gold backing. Subsequent to the closing the 2020 year-end, AABB completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, and the Company has used these resources to fund the launch of its new ERC-20 token. The Company’s latest issued filing shows it is virtually debt free with $7.8 million in the treasury and $10.6 million in revenues for the 9 months ended September 30, 2020. 

According to Asia broadband the AABB Gold token (AABBG) is backed 100% by physical gold held by the Company in several high security, private locations in Mexico. The Company will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. The initial token release will be backed by $30 million in physical gold the Company currently holds. At today’s market price of gold, this initial token release will be approximately 5.5 million tokens at the one-tenth (0.1) gram of gold price for each AABBG token. The token price will also be tied to and supported by the Company at the market price of gold at a minimum. In a strategic initiative to acquire gold production and increase the AABB’s physical gold holdings, the Company recently signed an LOI to acquire an historic 200-hectare production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. The 200-hectare property, located approximately 3 kms from the community of Navidad, has two mine sites, existing infrastructure and a 50-ton per day processing facility operating on 25 hectares of the property.  AABB is in the process of up listing its shares recently reporting the Company has engaged Turner, Stone & Company, LLP and is working through the auditing processes.  

Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. AABB also is releasing a freshly minted mine-to-token gold-backed cryptocurrency and expects to become a world-wide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies.   

Asia Broadband latest issued filing shows the Company is virtually debt free with $7.8 million in the treasury and $10.6 million in revenues for the 9 months ended September 30, 2020. The Company is in the process of finalizing its financial results for the year ending December 31, 2020, and has confirmed an all-time high annual gross profit of $16 million. The achievement of this milestone affirms the Company’s successful mining operations established in 2020.  Subsequent to the closing the 2020 year-end, AABB completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, further validating the Company’s development achievements. AABB thereafter shifted its focus to leverage its resources and experience to duplicate its successful GGB mining operations expansion model on its high potential Colima, Mexico, gold property. Additionally, the Company has allocated $10 million for the initial phase development program to accelerate operations and expansion toward production at the Colima property. The construction of exploration and development facilities and infrastructure roads has already begun as part of the first phase development program. AABB’s strategic growth focus has allowed the Company to capitalize on a unique ability to connect mineral resources in Mexico with a high resource demand and abundant investment capital in Asia.  

AABB has signed a Letter of Intent (LOI) to acquire an historic production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. The 200-hectare property, located approximately 3 kms from the community of Navidad, has two mine sites, existing infrastructure and a 50-ton per day processing facility operating on 25 hectares of the property. The Company has been strategically broadening its initiative to acquire gold production and increase the AABB’s physical gold holdings. In the coming weeks, the Company will be conducting further due diligence and continuing its negotiations to acquire the estimated $30 million property. All efforts are underway to accelerate this turnkey acquisition in order to rapidly advance AABB into production and begin an expansion program. The Company anticipates negotiating a definitive agreement to acquire the property in the very near future and will release additional location details, photos and mineralization information at that time. 

Investor sentiment in AABB is high:

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AABB

AABB is in the final stages of launching its freshly minted mine-to-token gold-backed ERC-20 token; AABB Gold and expects to become a world-wide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. Cryptocurrency wallet and token developer Core State Holdings, Corp. (CSHC) is continuing to modify the set-up and move through the final stages of testing of the iOS and Android AABB Wallet applications, including the implementation of an application interface to allow users to see the real-time exchange rate of gold that backs the price of the AABB Gold token set at one-tenth of a gram or approximately $5.80 USD. Due to the overwhelming public response and high volume of inquiries about the token received recently by AABB, CSHC has scaled-up the processing capacity and expanded the testing protocols to ensure seamless and robust transaction processing when the token becomes available for sale.  

According to Asia broadband March 9 update the AABB Gold token (AABBG) is backed 100% by physical gold held by the Company in several high security, private locations in Mexico. The Company will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. The initial token release will be backed by $30 million in physical gold the Company currently holds. At today’s market price of gold, this initial token release will be approximately 5.5 million tokens at the one-tenth (0.1) gram of gold price for each AABBG token. The token price will also be tied to and supported by the Company at the market price of gold at a minimum. As the price of gold fluctuates, the minimum supported price of the AABBG token will increase or decrease, but the potential upside price of the token will be driven by market demand. 

In order to buy the AABB Gold token (AABBG), purchasers must download the AABB Wallet and register through the Android Google Play and Apple App Store on their smartphones or through the AABBGoldToken.com website. Within the AABB Wallet, the token will only be available for purchase in exchange for other major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Therefore, purchasers will need to hold existing cryptocurrency in any third-party wallet such as Coinbase or Binance. Purchasers will then deposit cryptocurrency from their third-party wallet into their AABB Wallet to exchange and purchase the AABB Gold token (AABBG) for the current 0.1 gram of gold price plus a 2% transaction fee. 

The launch version of the AABB Wallet will allow purchasers to transfer AABBG tokens to others that also have the AABB Wallet, but tokens will not initially be exchangeable within the AABB Wallet for other cryptocurrencies. This inaugural version of the AABB Wallet will allow for the increase in token circulation and provide the accumulation of revenues to be utilized for the support and stabilization of the token price when AABBG is freely exchangeable in the open market. The Company is currently developing, with CHSC, its own proprietary cryptocurrency Exchange that will allow AABB Wallet users to quickly exchange their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. AABB embraces a pioneering philosophy with its truly unique Mine-to-Token vertical integration operational approach that strives toward complete independence from FIAT currency. 

Strategically positioned as a revenue diversification and awareness project, the AABB Gold token will create financial leverage, liquidity, and monetize physical gold holdings and future gold production. The revenue model of the AABB Gold token will be driven by two streams; transaction fees and demand driven price appreciation. The primary stream for AABB will be transaction fee revenue that will expand significantly as token circulation increases. Additionally, the potential token price appreciation and sales price upside could be substantial, due to the limited release of tokens combined with the expanded use and velocity of token exchanges. The Company will begin the preparation of financial projections from token revenues after the proprietary cryptocurrency Exchange has been added to the AABB Wallet and operating for several months. 

AABB’s primary goal for the token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation targeting large population and high growth markets globally including China and East Asia. The Company’s advanced collaboration with CSHC continues to plan the roll out of an international marketing campaign for the AABB Gold token, AABB Wallet and development of the corporate brand. The marketing efforts are aimed to proliferate brand exposure and reputation, increase the use of the AABB Gold token and the AABB Wallet, and amplify general public and investment community awareness of the Company. 

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AABB (Asia Broadband) is gearing up back into breakout mode after weeks of choppy waters following a significant short attack. The stock is one again under heavy accumulation and topping 40 million shares and $7 million in dollar volume on Friday alone. Over the past few months AABB has seen a spectacular run up the charts from double zeroes to recent highs of $0.659 per share.  Now with the release of the Company’s long-awaited gold-backed ERC-20 token coming any day, penny stock speculators are once again moving into AABB and looking to drive this stock into a whole new dimension. The timing could not be a better for a major reversal back to previous highs of $0.659 as btc moves over $60k and the Company launches its gold-backed ERC-20 token which it expects will become a world-wide standard of exchange that is secured and trusted with gold backing. Subsequent to the closing the 2020 year-end, AABB completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, and the Company has used these resources to fund the launch of its new ERC-20 token. The Company’s latest issued filing shows it is virtually debt free with $7.8 million in the treasury and $10.6 million in revenues for the 9 months ended September 30, 2020. According to Asia broadband the AABB Gold token (AABBG) is backed 100% by physical gold held by the Company in several high security, private locations in Mexico. The Company will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. The initial token release will be backed by $30 million in physical gold the Company currently holds. At today’s market price of gold, this initial token release will be approximately 5.5 million tokens at the one-tenth (0.1) gram of gold price for each AABBG token. The token price will also be tied to and supported by the Company at the market price of gold at a minimum. In a strategic initiative to acquire gold production and increase the AABB’s physical gold holdings, the Company recently signed an LOI to acquire an historic 200-hectare production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. The 200-hectare property, located approximately 3 kms from the community of Navidad, has two mine sites, existing infrastructure and a 50-ton per day processing facility operating on 25 hectares of the property.  AABB is in the process of up listing its shares recently reporting the Company has engaged Turner, Stone & Company, LLP and is working through the auditing processes. There is an upcoming stock dividend of restricted common share which will be distributed on the basis of 1 dividend share for every 50 shares owned to shareholders of record of the Company on April 5, 2021. As AABB launches its white label gold-backed cryptocurrency coin it selected the corporate communications expertise of the InvestorBrandNetwork (IBN), a multifaceted financial news and publishing company for private and public entities. There is an upcoming stock dividend of restricted common share which will be distributed on the basis of 1 dividend share for every 50 shares owned to shareholders of record of the Company on April 5, 2021. We will be updating on AABB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AABB.

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Disclosure: we hold no position in AABB either long or short and we have not been compensated for this article.

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