Connect with us

Emerging Markets

Asia Broadband (OTCMKTS: AABB) Coiled Tight and Under Accumulation as Crypto Gold Miner Advances Gold Mining Operations in Mexico & Announces Share Dividend

Published

on

Asia Broadband (OTCMKTS: AABB) is breaking out northbound in recent trading rocketing up over $0.08 last Wednesday on $2.4 million in dollar volume and hitting $0.09 briefly Thursday Morning. AABB was one of the biggest runners of 2021 skyrocketing to highs of $0.659 per share in February before coming back down, hitting a dime and then rocketing back up to $0.60. More recently we reported on AABB as the stock ran from well under a dime to $0.33 highs. Currently trending northbound AABB is under heavy accumulation with more buyers than sellers at current levels. AABB is among the most exciting stocks in small caps with an enormous investor following including some of the most powerful players in small caps who are looking for a return to previous highs. Asia broadband’s mining property acquisition strategy is to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise. In 2021, the Company acquired two high potential gold property interests in Mexico, the Bonanza Gold Mine Project and the Tequila Gold Mine Joint Venture. Gold production from the Tequila property could be coming soon is expected. We have previously reported on the Company’s sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, that netted them $82 million, which has funded the current move into crypto. AABB currently has $67.9 million $USD in the treasury according to the most recent OTC disclosure on May 11.  

AABB launched its cryptocurrency exchange within the AABB Wallet last December in collaboration with the Company’s digital assets developer. Asia Broadband’s gold-backed ERC-20 token called AABB Gold Token (AABBG) can be traded within the AABB Wallet where users can also send and receive emails and text messages. The AABB Gold token is backed by Asia Broadband’s physical gold reserves; $30 million in gold bullion. Each AABBG token is pegged to 0.1 gram of gold, giving investors the security of gold and convenience of cryptocurrencies. AABB’s primary goal for the AABBG token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation to the primary sales markets of North America and Europe and expand globally to other predominant and high growth market areas. In recent news Asia Broadband’s BOD approved two shareholders stock dividends. AABB with its $67.9 million in the treasury can certainly afford it. According to the Company the restricted common share dividend will be distributed on the basis of 1 dividend share for every 100 common shares owned to shareholders of record or beneficial owners of the Company on September 15, 2022. The majority of shareholders will receive the dividend shares through their brokers or investment firms. Alternatively, shareholders that own registered share certificates with the Company’s transfer agent will receive the dividend shares directly by mail. 

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Asia Broadband (OTCMKTS: AABB) 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. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand-based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies. 

Asia broadband 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. Currently AABB has $70,945,697 in the treasury which sets the Company above 99.9% of the exchange. Additionally, the Company has recently released its AABBG freshly minted mine-to-token gold-backed cryptocurrency backed 100% by $30 million in physical gold held by the Company in several high security, private locations in Mexico. AABB vision for its token it to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand-based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.   

With the launch of AABB Gold, a newly minted ERC-20 gold-backed token, and with the launch of AABB Wallet, Asia Broadband expects to become a world leader in providing a standard of exchange that is of excellent quality, is secure, transparent, trusted, and backed by gold. 

The unique strength of Asia Broadband that differentiates the Company from competitors, and generates distinctive value for shareholders, is the vertical integration approach to sales transactions. With the launch of AABB Gold, a newly minted ERC-20 gold-backed token, and with the launch of AABB Wallet, Asia Broadband expects to become a world leader in providing a standard of exchange that is of excellent quality, is secure, transparent, trusted, and backed by gold. 

AABB Wallet: 

  • Send and receive crypto instantly 
  • Send AABB Gold and other crypto by email, SMS, or social media! 
  • Anonymity is our priority. Transactions are invisible to third-parties 
  • Sleep like a baby knowing your crypto is safe with passphrase and PIN code protection 
  • B2C and B2B transactions. AABB Wallet can do it efficiently 
  • Boost your B2C and B2B referral program 
  • Quickly exchange your crypto! 
  • Use AABB Gold as your main currency for all your gold-related transactions 

To Find out the inside Scoop on AABB Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

AABB

In June the Company said it is expecting the completion of the geological technical report this month for its Bonanza Gold Mine Project located the Acaponeta area of Nayarit, Mexico. The report is currently in the final stages of completion by a qualified professional person. The Company was expecting the Bonanza report to be delivered last month, but its completion was delayed intentionally to allow for the further exploration of strong mineral indications that were discovered near the time of planned submission of the drill cores. The AABB geological and mining operations team will utilize the report to plan the production and exploration expansion of the Bonanza concession. The Bonanza gold project is a prospective high yield mining asset in the Company’s strategic initiative to increase gold production and AABB’s physical gold holdings. 

Located in the prolific mining region of Acaponeta in Nayarit, Mexico, the Bonanza property has shown high-grade gold assay results from recent samples and drilling activities with the most significant gold values of more than 10 grams per ton (g/t). Company management is excited by the Bonanza project for its potential for rapid expansion, high production, low operating costs and strong contribution to gross profits. Subsequent to receiving the Bonanza report, the Company is also expecting the completed geological technical report by a qualified professional person for its Tequila gold mine project in Mexico. 

AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success. 

CEO Chris Torres stated: “Our management and mining group are highly anticipating the professional report for our Bonanza gold project to allow us to accelerate our expansion and development plans for the property. It was great to see that there were many exciting mineral resource indications throughout the process of data gathering for the report. In a similar scenario to Bonanza, we are also expecting the Tequila property report in the weeks to follow receiving the Bonanza assessment.”  

Microcapdaily first reported on Asia Broadband in on July 9, 2020 when the stock was under $0.01 well before it ran to $0.659. Find the article here.

 For More on AABB Subscribe Right Now

AABB is on the move northbound in recent trading moving steadily northbound on growing volume topping $250,000 in dollar volume on Friday. At current levels there are more buyers than sellers. AABB was one of the biggest runners of 2021 skyrocketing to highs of $0.659 per share in February before coming back down, hitting a dime and then rocketing back up to $0.60. AABB is an exciting story developing in small caps and is under heavy accumulation at current levels. With $67.9 million in the treasury and $30 million in gold bullion backing its ERC-20 token; AABB Gold Token (AABBG) it’s easy to see why many investors see Asia Broadband as a diamond in the rough. According to the Company’s latest OTC disclosure in May they have over $100 million in assets and are virtually debt free with less than $1 million in liabilities. Currently trading at a $170 million market valuation AABB has 2,493,944,690 shares outstanding and is maxed out and cannot issue any more stock until they raise the AS which takes time. Currently there are 1,801,532,510 shares in the float. We will be updating on AABB when more details emerge so make sure you are subscribed to Microcapdaily.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

Emerging Markets

Is today’s surge in MMTec Inc (NASDAQ: MTC) justified ?

Published

on

MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 - $2.5299, with more than 2.98M shares exchanging hands.

MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 – $2.5299, with more than 2.98M shares exchanging hands.

So why did MTC surge today ?

The failure of Silicon Valley Bank led to a sell-off in equities and a shift to safe-haven assets, such as US Treasuries and gold. Markets have calmed down somewhat, and the worst of the equity sell-off seems to be over. However, the market anticipates that the markets will be somewhat uneasy until a better understanding of inflation is reached and what the Federal Reserve will do next week.

To Find out the inside Scoop on MTC, Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Despite most investors currently avoiding the banking sector, Wall Street sees potential opportunities, particularly in regional banks. The chaos in the market has created opportunities in the industry and several banking stocks are being punished just for being a banking stock. The collapse of Silicon Valley Bank was due to its specialisation in venture-capital financing, which made it vulnerable to the higher interest rate regime of the past 12 months.

For more on MTC Subscribe Right Now!

Therfore, today’s gains in MTC seems to be more a sympathy bounce considering the overall banking sector. Earlier in March, MMTEC, Inc. (Nasdaq: MTC) declared that it will relocate its operations from Beijing to the Hong Kong Special Administrative Region, effective March 6, 2023. The Company’s subsidiary, MM Future Technology Limited, which is a Hong Kong incorporated limited company, will assume all operations previously conducted by its subsidiary, Gujia (Beijing) Technology Co., Ltd. However, Gujia will continue to carry out specific technical research and development functions. Further, the Company, through its subsidiary HC Securities (HK) Limited, and other entities, will continue to invest its human resources in asset management and securities underwriting, and other related businesses, aiming to attract global funds to invest in the Chinese market and support China’s economic growth. The Company’s new operations headquarters is located at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.

We will be updating on MTC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MTC.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: We have no position in MTC and have not been compensated for this article.

Continue Reading

Emerging Markets

Cazoo Group Ltd (CZOO) is one stock that Wall Street could be talking for day to come

Published

on

Cazoo Group Ltd (NASDAQ: CZOO) last traded at $2.62, a gain of +0.6400 (+32.32%). More than 5M shares exchanged hands compared to an average daily volume of 228K shares. Considering that the 52 week high of CZOO is more than 65$, there seems to be a lot of room to the upside.

To Find out the inside Scoop on CZOO, Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Why did CZOO surge last week? Welcome to the Carvana of the UK!

Cazoo, a publicly traded company (NYSE: CZOO), was founded in 2018 by serial entrepreneur Alex Chesterman OBE. The company’s mission is to revolutionize the UK’s car buying and selling experience by offering consumers better selection, value, transparency, convenience, and peace of mind. Cazoo’s goal is to make the car buying or selling process as simple as purchasing any other product online. The company enables customers to buy, sell, or finance a car entirely online, with delivery or collection available in as little as 72 hours.

Recently, Cazoo Group Ltd, the UK’s leading online car retailer, updated its business performance and progress with the restructuring announced in January. The CEO, Alex Chesterman, expressed satisfaction with the progress made so far in 2023, despite the challenging economic environment. The company has taken swift and decisive management action to restructure the group, improve unit economics, and reduce fixed costs. The rightsizing of headcount and operational footprint is well underway, and the company expects to complete the restructuring before the end of Q1 2023. The company has seen significant improvement in its GPU, with retail GPU tracking at approximately £900, up from £600 in Q4 2022. Cazoo has sold over 100,000 cars entirely online in the UK in the three years since its launch. The company remains fully focused on driving higher profitability and has appointed Jonathan Dunkley as Chief Operating Officer. Cazoo’s cash reserves remain strong, and the company expects to achieve profitability without external funding until H2 2024. The company expects to end 2023 with over £100m of cash and cash equivalents on its balance sheet and sell 40,000-50,000 UK retail units in the current year.

For more on CZOO, Subscribe Right Now!

The online car market in the UK has been growing rapidly in recent years, driven by increasing consumer demand for convenience and transparency in the car buying process. Online car retailers such as Cazoo, Carzam, and Cinch have emerged as major players in the market, offering a wide selection of used cars for sale online with home delivery or pickup options. These companies use advanced technology to provide customers with a seamless buying experience, including virtual vehicle inspections, transparent pricing, and easy financing options. The COVID-19 pandemic has further accelerated the shift towards online car buying as consumers seek to avoid in-person interactions and dealerships adapt to new ways of doing business.

So if CZOO learns from Carvana’s mistake, there is little to no doubt that CZOO could be the talk of the town in days to come. We will be updating on CZOO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CZOO.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

Continue Reading

Emerging Markets

Ocean Biomedical Stock Surge could just be getting started and here’s why

Published

on

Shares of Ocean Biomedical (NASDAQ:OCEA) surged more than 100% on Thursday, following a talk by the company’s scientific co-founder, Dr. Jack A. Elias, at Brown University’s Legorreta Cancer Center. The preclinical-stage biotech, which went public on the NASDAQ on February 15, focuses on developing novel treatments for deadly diseases, including malaria, multiple cancers, and pulmonary fibrosis.

During the talk, Dr. Elias presented exciting details about potential therapies to suppress tumors in various cancers, focusing on the company’s work in understanding the role of the protein Chitinase 3-like-1 (CHI3LI) in the progression of lung cancer. He also discussed his discoveries on how certain monospecific and bispecific antibodies can be used as therapies to treat non-small cell lung cancer (NSCLC) and glioblastoma multiforme (GBM). The company aims to expedite these findings into phase 1 trials.

To Find out the inside Scoop on OCEA, Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

The excitement over this preliminary news stems from the large target groups for both diseases. According to Cancer.net statistics, NSCLC is the leading cause of cancer death and the second-most diagnosed cancer in the US, affecting around 236,740 people. GBM is the most common primary brain tumor in adults, with an average survival period of just 15 months and no cure.

The recent surge in Ocean Biomedical’s shares also comes on the heels of an announcement on February 28 that co-founder Dr. Jonathan Kurtis had been awarded a patent for the discovery of the third parasite target PfCDPK-5. This target has the potential to be used to halt the malaria parasite in various stages of its cycle, opening up new possibilities for treating this deadly disease.

Ocean Biomedical’s focus on developing novel treatments for deadly diseases and its recent exciting findings have generated significant investor interest. However, it is important to note that investing in preclinical-stage biotech companies carries a high level of risk. There is no guarantee that these discoveries will translate into effective treatments or that the company will receive regulatory approval.

For more on OCEA Subscribe Right Now!

Nevertheless, the positive developments from Ocean Biomedical are a significant milestone and hold great promise for patients suffering from deadly diseases such as cancer and malaria. If the company’s discoveries prove successful in further clinical trials, they could potentially generate significant revenue and transform the standard of care for these diseases. We will be updating on OCEA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OCEA.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

Continue Reading

Trending

© All rights reserved.

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.