Asia Broadband Broadband, Inc. (PINK:AABB) Has
Gained 13,080% In Just Over One Year, Amid Plan
To Launch A Gold Backed Cryptocurrency Token, And
Record Revenue From Mining Operations In Mexico.
Asia Broadband Broadband, Inc (PINK:AABB) has now gained 13,080% from our original release of it to our Platinum Members on December 4th 2019, when it was trading at just $.005, to today's new 52 week high of $0.659. After that initial release we continued to alert AABB from the original release through mid June 2020 and in that time sent a total of 30 newsletters covering AABB, in which we made clear to our Platinum Members that we expected it to eventually see a large run. At today's high of $.1659 it has gained more than thirty three times over from the initial release.
The unfortunate thing about our release of AABB though, is that after it gained 226.32% for members, we chose to move on from it to focus on other successful picks, which brought us to miss keeping full awareness on AABB as it attained even greater highs over the course of the past three months. Even without AABB, other Platinum Member Picks have already seen a combined gain of 2,897.44% within the first 2 months of 2021!
Though we neglected to send continued AABB alerts after the dozens of alerts sent through June 2020, those members that chose to continue to hold onto AABB as we cast the spotlight on other picks have seen astronomical growth on this pick, so we are glad to have brought it to their attention so early on and we are of course kicking ourselves for neglecting to continue to alert AABB steadily, after initially sending dozens of newsletters, text message alerts, and private blog portal postings regarding the expected growth on AABB to our members. The fact of the matter is that with so much incredible growth across so many picks we admittedly forgot that we had alerted AABB until just last week, recognized that we would eventually have to post a public update on it, and then after seeing it close up yet another 73.5% today, we fully recognized that it was high time to make clear in this first public reveal, that this was one of our past alerts.
In the remainder of this update we are going to delve into some of the information that was previously provided to our Platinum Members, with regard to AABB, explain what the company does, and also delve into some of the huge recent news that has driven the steady surge in price per share, over the course of the past few months:
AABB Is A Penny Stock Involved In Mining And In This Financial Climate We Feel This To Be Incredibly Bullish:
In recent history we have mentioned that mining stocks are going to be a growing focus of our because the potential of those companies to grow, especially in this troubled economic time, is significant. Our brand prior to launching Penny Stock Dream in 2012 operated under a different corporate name and one of that organizations first big winners was an old mining pick on Sarissa Resources, Inc., (PINK:SRSR) way back in 2008, beginning when we were just a public message board service and then those alerts moved into the sort of full-scale newsletter platform that we know Dream to be today. Through that organization we publicly alerted SRSR way back in 2008 at $.001 and saw it move up as high as $.209 for a gain of well over 20,000% over the course of a year. By no means was this a typical move for any stock but it really went to show the sort of traction that can come to a mining stock when there are major discoveries of minerals underground.
More recently our mining pick on Atacama Resources, Inc., (PINK:ACRL) in 2019, gained 607% from it's initial release at $.0041 and a full 3,060% from our continued urgent alerts when it hit a low of $.001 soon after release. ACRL also took nearly a year to come to it's full fruition, as it proved another example of a mining pick that took rocketed upward as a result of surveys showing minerals underground. It also took off because the company announced that it paid off all of its toxic promissory note debt and also began a preliminary drilling program for a few days followed by a larger scale drilling program afterward.
Both of those prior picks took about a year to come to the full fruition of their gains largely due to the fact that mining is generally a slow drawn out process, that usually lacks the hyped up news cycle that many penny traders seek, but that process can yield incredible reward for those that are willing to be patient as developments are released.
We Mentioned Our Incredible Prior Success With These Two Mining Releases, One From Long Ago And The Other In 2019 Because This Pick On AABB Embodies What Made Both Of Those Stocks Successful:
SRSR and ACRL went on to become two of the most impressive mining penny stock runners of our lifetime largely due to the fact that each of those companies was reporting scientific surveys showing that there was a serious buildup of minerals underground on their leased properties and AABB has a very similar situation.
ACRL has been (and we believe will continue to be) incredibly successful because of the fact that their paying off all promissory note debt likely represents a firm decision to adhere to a long term growth strategy that aims to build value for investors. AABB at the time of release did not have any toxic convertible promissory note debt on its balance sheet and that was just about as bullish as it gets in the world of penny stocks.
AABB's Subsidiary Asia Metals Inc, Announced On November 14th 2019 That It Expected To Surpass $6 Million Gross Profit In 2019:
The Asia Metals, Inc subsidiary determined that it would exceed $6 million gross profit by taking into consideration that the company reported $4.5 million in gross profit by the third quarter 2019 and also through the fact that the subsidiary is accelerating its mining operations expansion, as well as engaging in resource expansion programs. The $4.5 million in gross profit represented a 66% increase over the $2.7 million gross profit reported by the third quarter of 2018. The company also expects the second investment of payment of $9 million from its joint venture partner in the fourth quarter of 2019.
Asia Broadband Announced That The Company Completed The Sale Of Its Mineral Property And Mining Operations In The Guerrero Gold Belt (GGB), Mexico, For $82 Million:
On January 14th 2021, Asia Broadband, Inc., announced through its wholly owned subsidiary Asia Metals Inc., that the company had completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt (GGB), Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. (QIEC) for $82 million. The terms of the deal involved payment via $52 million cash, a $30 million transfer of gold bullion, and an assignment of a 28% equity interest back to the company. This reported cash infusion gave Asia Broadband the resources needed to vastly increase its rate of expansion.
Asia Metals Designated $10 Million To An Initial Development Program For Colima Mexico, Gold Property And Facilities:
On January 26th 2021 Asia Broadband, Inc, through its wholly owned subsidiary Asia Metals Inc., announced that the company had allocated $10 million for the initial development program to work toward production of a high potential gold and base metal property in Colima, Mexico. This funding designation was meant to expand infrastructure, conduct further geophysics testing, initiate a drilling exploration program and build site preparations for facilities installations.
Asia Broadband, Inc, through It's Wholly Owned subsidiary Asia Metals, Inc, Announced That The Company Attained $16 Million Revenue In 2020, Through It's Mining Operations:
On January 28th 2020, Asia Broadband, Inc, through its wholly owned subsidiary, Asia Metals, Inc, announced that the company attained $16 million revenue in 2020. The company stated that this revenue milestone validated the success of its mining initiatives and stated that it was for this reason that the company chose to allocate $10 million to development of its mining operations in Colima, Mexico after completing the $82 million sale of its mining operations facilities in the Guerrero Gold Belt (GGB), Mexico. This news in itself set AABB apart as one of the largest revenue generating penny stock companies on the OTC Market and in general sets it well above the majority of other penny stock competitors that are mostly just mineral exploration companies that have never gone onto full mining production.
The Only Glaring Issue That We Currently See With AABB Is The Fact That The Companies Financial Filings Are Not Audited. Earlier This Month The Company Announced That It Engaged Turner, Stone & Company, LLP To Work Through The Auditing Process:
We always prefer to release penny picks that provide audited financial statements because this provides a sense of security in knowing that the numbers that a company claims to be hitting are verified by a third party firm. In the case of AABB the company is reporting incredible financial information without any sort of audit to confirm those numbers and as such we should all be cautious because while that does not necessarily mean that something nefarious is going on, it certainly makes it a more risky investment opportunity. The company also does not file its earnings reports with the SEC and instead files trough the alternative reporting standard. This also provides a heightened level of risk and until that changes we cannot view it as a long term hold due to risk and are eying it more for the mid-term. We will continue to monitor trading because other than the lack of audited financial information and the decision to alternative file instead of with the SEC is always a concern regardless of which company chooses to do so.
The good thing about all of the above, is that on February 4th 2021, Asia Broadband, Inc., released a press release stating that the company has engaged Turner, Stone & company, LLP to guide them through the auditing process in order for the company to be able to up-list as a fully audited corporation.
AABB Is Stepping Into The Cryptocurrency Market With A Gold Backed Cryptocurrency Token, And Dedicated Website:
In somewhat of a stroke of genius, AABB has chosen to capitalize on the general cryptocurrency market frenzy, by announcing in a series of updates, that the company is developing a cryptocurrency wallet and gold backed token (AABBG), along with a designated website that will handle all questions related to its token. According to the most recent update on this endeavor, released just one week ago, the token system has an API currently being implemented that will allow 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 which is around $5.80 USD. Investors will be able to exchange their AABBG gold tokens for other cryptocurrencies and will eventually also be able to exchange them for fiat currencies such as USD, EUR, or CAD.
AABB clearly has a lot going on all at once, so it comes as no surprise to see that the company has managed to so powerfully capitalize on the combined heightened attention on precious metals due to the troubled economy, and cryptocurrency market growth due to its interest in launching its gold backed cryptocurrency soon. Although the growth has been incredible on AABB we have to caution that the market cap of the company has now grown to well over $1 billion and while we do believe that it may see further growth in the long term, with the current share structure setup, we think that the upcoming launch of the gold backed token could be the final growth phase for a bit as the company could see some significant consolidation afterward.
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