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Friday, June 18, 2021

Major Move on AABB (Asia Broadband) As Company Launches AABB Gold Token (AABBG) an ERC-20 Token on Ethereum Blockchain

AABB (Asia Broadband) is making powerhouse move up the charts in recent months skyrocketing out of the double zeroes to recent highs of $0.234 quickly gaining the attention of investors who have been heavily accumulating in recent days. On Tuesday alone AABB traded $70 million in dollar volume. The stock started its move last July in the double zeroes and MIcrocapdaily was there reporting on the story. AABB is making an enormous move as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than AABB has. AABB has massive liquidity, legions of new shareholders and significant developments driving this run. 

There is a lot to get excited about on AABB as the Company prepares to launch its AABB Gold token (AABBG) an ERC-20 token on Ethereum blockchain. AABB’s primary goal for the token is to become a world-wide standard of exchange that is secured and trusted with gold backing, by expanding circulation targeting large population and high growth markets globally including India and China. Asia Broadband is doing big numbers already; (unaudited) on January 28, AABB reported it 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. AABB is trying to up list its shares recently reporting the Company has been engaged with Turner, Stone & Company, LLP and is working through the auditing processes. Asia Broadband’s primary goal is to facilitate the auditor to produce the Company’s audited financial statements that are required to apply for an uplifting as soon as possible. 

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.  

Microcapdaily first reported on AABB on July 8, 2020 when the stock was trading in the double zeroes stating at the time: “Asia Broadband Inc. (OTCMKTS: AABB) is moving up the charts on a surge of volume quickly attracting a fast-growing shareholder base who is bidding the stock higher. The move up comes after the Company filed this attorney’s letter which stated: “(Company) is actively engaged in small scale mining in Mexican and mines precious and base minerals which are sold mostly to Asian markets.  As of December 31, 2019, the Company’s financial statements indicated that it had current assets of $15,154,716 with total assets of $24,708, 201 and total liabilities of $1,454,470.  The Issuer reported net income of more than $5 million dollars for the year ended December 31, 2019 and reported gross revenues of $6.7 million.” 

Investor sentiment in AABB is high:

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AABB

Asia Broadband is doing big numbers already; on January 28, AABB reported it 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. 

On February 16 AABB announced cryptocurrency wallet and token developer Core State Holdings, Corp. (CSHC) has completed the AABBGoldToken.com website for the Company. The token website will be the go-to knowledge base for all information concerning the soon-to-be launched AABB Wallet and AABB Gold token (AABBG). CSHC has confirmed that the iOS and Android AABB Wallet applications are in the final stages of testing, with an API currently being implemented allowing for users to see the real-time exchange rate of gold; which will be tied to the price of the AABB Gold token set at one-tenth of a gram or approximately $5.80 USD. 

Additionally, CSHC has completed development of the algorithm and mechanism for the exchange of the AABB Gold token for other major cryptocurrencies. CSHC will commence the creation of the cryptocurrency exchange shortly after the exchange rate API has been implemented. This cryptocurrency exchange will allow users to quickly exchange their AABB Gold tokens for cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. In the future, CSHC plans to implement a crypto-to-FIAT exchange; allowing for users to exchange the cryptocurrencies for FIAT currencies such as USD, EUR or CAD. 

The Company is now is in the final stages of collaboration with CSHC to complete a marketing strategy and campaign surrounding the AABB Gold token, AABB Wallet and expansion of the corporate brand. The marketing efforts are aimed to expand 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. To date, the Company has been very encouraged by the robust interest in the AABBG token from the general public and AABB community. 

AABB’s primary goal for the token is to become a world-wide standard of exchange that is secured and trusted with gold backing, by expanding circulation targeting large population and high growth markets globally including India and China. The economic fundamentals of India’s high demand and interest in physical gold and China’s expanding use of its national digital currency and digital wallets could naturally lend themselves to the future use of the AABB Gold token. Strategically positioned as a revenue diversification and awareness project, the AABB Gold token will create liquidity and monetize physical gold holdings and future gold production. The Company expects to go live with the launch of its AABB Gold (AABBG) token next week. 

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AABB (Asia Broadband) is making powerhouse move up the charts in recent months skyrocketing out of the double zeroes to recent highs of $0.234 quickly gaining the attention of investors who have been heavily accumulating in recent days. On Tuesday alone AABB traded $70 million in dollar volume. The stock started its move last July in the double zeroes and MIcrocapdaily was there reporting on the story. AABB is making an enormous move as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than AABB has. AABB has massive liquidity, legions of new shareholders and significant developments driving this run.  There is a lot to get excited about on AABB as the Company prepares to launch its AABB Gold token (AABBG) an ERC-20 token on Ethereum blockchain. AABB’s primary goal for the token is to become a world-wide standard of exchange that is secured and trusted with gold backing, by expanding circulation targeting large population and high growth markets globally including India and China. Asia Broadband is doing big numbers already; (unaudited) on January 28, AABB reported it 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. AABB is trying to up list its shares recently reporting the Company has been engaged with Turner, Stone & Company, LLP and is working through the auditing processes. Asia Broadband’s primary goal is to facilitate the auditor to produce the Company’s audited financial statements that are required to apply for an uplifting as soon as possible.  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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