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Asia Broadband, Inc. (AABB)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0175-0.0010 (-5.41%)
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Neutralpattern detected
Previous Close0.0185
Open0.0205
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0158 - 0.0205
52 Week Range0.0013 - 0.0381
Volume51,216,521
Avg. Volume39,401,567
Market Cap7.204M
Beta (5Y Monthly)2.75
PE Ratio (TTM)N/A
EPS (TTM)-0.0930
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    AABB - Asia Metals Responds To Shareholder Proposal

    LAS VEGAS, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company has received a shareholder proposal that is in alignment with multiple other shareholder inquiries and suggestions. AABB acknowledges and appreciates the ideas and input from shareholders and the Company is evaluating and considering the recommended actions. However, AABB is intensely focused on the recent shift in operations to the accelerated development program of its Colima, Mexico, gold property and the Company’s soon to be released gold-backed cryptocurrency token. As AABB concentrates its efforts over the coming months to firmly establish these new operational directions for the Company, management intends to revisit and further analyze the proposed shareholder recommendations to decide on the optimal course of action going forward. https://seekingalpha.com/instablog/52501443-blackbeard-research-report/5536179-aabb-shareholder-proposal In other Company developments, AABB recently released its investor relations consulting firm and is currently in the process of hiring a new professional investor relations consulting service to lead shareholder communications going forward. Asia Broadband Inc. (OTC : 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. Contact the Company at: Investor RelationsEmail:ir@asiabroadbandinc.comWebsite:www.asiametalsinc.comPhone:702-866-9054 Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

  • GlobeNewswire

    AABB - Asia Metals Completes $82 Million Sale Of Guerrero Gold Belt Mine And Facilities In Mexico To Joint Venture Partner

    LAS VEGAS, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company has 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). The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company. Additionally, all of the operational controls and authorities of the property and facilities have been transferred to the new ownership’s designated management personnel. AABB conducted a pre-feasibility study assessment of the GGB property and facilities in the fourth quarter of 2020, which formed the basis for management’s decision to negotiate the sale of the GGB assets. The primary realization and conclusion of the assessment was the enormous capital required to enable a large-scale build-out and development of the property and operations. Furthermore, given the capital structure of the Company, sufficient capital funding for expansion would not be attainable or sustainable over time without onerous dilution and loss of control. Subsequent to numerous management discussions, it became apparent that AABB had reached its peak value added level on the GGB property and it would be advantageous for the Company to shift its focus and leverage its resources and experience to duplicate its GGB development success on its Colima, Mexico property. With QIEC’s intimate knowledge of the GGB operation, combined with its vested, expansion and control interest in the property, the joint venture partner was the optimal buyer of the GGB project for maximum value.“The entire AABB management team would like to thank the Qiangda Investments group for all its support financially and operationally over the last two and half years to allow us to achieve this major milestone event today and launch us into a high level of operations to rapidly capitalize on all our new projects and opportunities going forward,” expressed AABB CEO James Gilbert.Asia Broadband Inc. (OTC : 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 our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.Contact the Company at: Email: Website: Phone:ir@asiabroadbandinc.com www.asiametalsinc.com 702-866-9054 Parkin Investor Relations Kevin Parkin Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

  • GlobeNewswire

    AABB - Asia Metals Inc. Enters Negotiations To Expand Gold Property Ownership Footprint In The Renowned Production Region of Colima Mexico

    LAS VEGAS, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that it has initiated negotiations to purchase an additional 200 hectares of mineral property adjacent to the Company’s existing San Palmar gold property in Colima, Mexico. The outstanding geological and geophysical trends extending from AABB’s existing property into the targeted area, creates a strategic acquisition opportunity to compliment and expand the mineral asset development footprint in this prolific mining area of Mexico. AABB recently began the construction of exploration and development facilities and infrastructure roads on its high potential gold and base metal San Palmar property. The goal of the development program is to accelerate the process of moving towards production. Previous geophysics and groundwork have revealed strong indications of significant mineralization structures in multiple sectors of the property that is located in a major gold-iron-copper production area approximately 25 kms east of the acclaimed Pena Colorada mine in Minatitlan, Mexico. The San Palmar property is situated in a region where AABB has a proven comparative advantage of development resources and expertise readily available to rapidly develop the project.The Company recently added the Colima, Mexico, property to its portfolio for its high development and gold production potential. The focus of this strategic acquisition is to duplicate the successful development model of the Company's previously owned high-density, shallow gold mine property in Guerrero, Mexico, that has exceptional geology and known historical gold vein structures.Further to come this week, AABB will announce on Thursday, January 14th, the final sale and agreement details regarding the mineral property and mining operations facilities in the Guerrero Gold Belt, Mexico, recently purchased by Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. Asia Broadband Inc. (OTC : 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 our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.Contact the Company at:    Email:ir@asiabroadbandinc.com Website:www.asiametalsinc.com Phone:702-866-9054 Parkin Investor Relations Kevin Parkin  Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.