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Asia Broadband (OTCMKTS: AABB) Coiled Tight at $0.10 Support Levels as Crypto Operator (AABB Wallet & AABB Exchange) Commences Mining in Mexico

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Asia Broadband (OTCMKTS: AABB) is coiled tight here sitting right at $0.10 support levels, a level it has tested and held numerous times over the past year. While AABB has never dropped far below a dime the stock has made a number of big moves to the upside over the past year including a run in December 2021 to highs of $0.3336 per share. Prior to that it skyrocketed out of the sub pennies to highs of $0.659 per share. With ready liquidity and a significant international shareholder base AABB could move quickly on any new catalyst. We have previously reported on Asia broadband many times before and as we have said, what sets this Company apart from the rest (on this exchange) is their $82 million sale in the Guerrero Gold Belt (GGB), Mexico which means this Company is very well funded with a significant war chest available to them to start any business they want. 

The Company has been making moves in the booming crypto space with the AABB Wallet and the AABB Cryptocurrency Exchange. They are also looking to get in to the fledgling NFT space. Most recently Asia broadband began production on its mining property in the Tequila region of Mexico. The processing mill on site is currently operating at 50 tons per day (tpd) maximum capacity and a retrofit upgrade program is underway to increase production capacity to 100 tpd. Additionally, the Company is planning a large-scale expansion of its production and processing facilities to begin installation sometime this year. Utilizing the advances in mining equipment automation and efficiency, the larger scale facilities will have significantly increased throughput and metals extraction. This is right in line with the Company’s new 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. 

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. 

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. Currently AABB has $68.4 million in the treasury which sets the Company above 99.9% of the exchange. AABB just filed an annual report on March 22 showing the are debt free and hold over $30 million in Gold Bullion. Asia Broadband 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.    

In collaboration with the Company’s digital assets developer, Asia broadband launched the proprietary cryptocurrency Exchange, AABBExchange.com, which continues to roll out additional components in a process necessary to ensure the stability, functionality, security and integration of the all modules and features. The numerous and complex mechanisms of the Exchange are evolving rapidly within a live environment. In the coming weeks, the Company expects to have trading algorithms optimized to facilitate 200 plus cryptocurrency Exchange trading pairs on the BCGateway platform and have the enhanced mobile Exchange apps available. Additionally, AABB is planning to launch an international marketing campaign for the Exchange and AABBG token expected to begin next month.  

Asia broadbands gold-backed AABBG token and the Exchange, embraces a pioneering philosophy with its truly unique Mine-to-Token vertical integration operational approach that strives toward cryptocurrency only exchanges and complete independence from FIAT currency. The numerous and complex mechanisms of the Exchange are evolving rapidly within a live environment. In the coming weeks, the Company expects to have trading algorithms optimized to facilitate 200 plus cryptocurrency Exchange trading pairs on the BCGateway platform and have the enhanced mobile Exchange apps available. Additionally, AABB is planning to launch an international marketing campaign for the Exchange and AABBG token expected to begin next month.   

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The Company recently launched its AABB Exchange applications and they are now available on mobile devices through the AABB Wallet app. Wallet users can place buy and sell orders on their smart phones to execute cryptocurrency trades for an expanding number of trading pairs available on the Exchange platform. To access the AABB Exchange for mobile use, please go to the Apple App Store or Google Play Store, find the AABB Wallet and update the app. Once the app has been updated, open the application. If you aren’t in your account already, tap on Restore Wallet, enter your original passphrases, and access your account. From there, click on the “Trade” button at the bottom menu. Now you will be directly connected to the AABB Exchange with your account. You will immediately be able to place a Buy or Sell order for the main trading pair ETH/BTC, however, you can always click on that trading pair to choose another crypto pair. Once a Buy or Sell order has been placed, the funds will automatically be deducted from the wallet and placed onto the Exchange. These funds will remain in the Exchange until the order has been filled, partially filled and cancelled, or cancelled in Open Orders. 

On April 6, Asia broadband announced it has began production on its mining property in the Tequila region of Mexico. The processing mill on site is currently operating at 50 tons per day (tpd) maximum capacity and a retrofit upgrade program is underway to increase production capacity to 100 tpd. Additionally, the Company is planning a large-scale expansion of its production and processing facilities to begin installation sometime this year. Utilizing the advances in mining equipment automation and efficiency, the larger scale facilities will have significantly increased throughput and metals extraction. The added production volume at a lower cost per ton is expected to have a substantial impact on the Company’s gross profit margin going forward. Additionally, AABB has several geological reports in progress, by a qualified professional person, for both the Tequila and Bonanza properties in Mexico. The Bonanza report was expected last month, but was delayed intentionally to further explore strong mineral indications that were discovered near the time of planned submission of the drill cores. 

CEO Chris Torres stated: “We are on point and thrilled with our production schedule beginning in early 2022, as we had planned from our new property acquisitions in 2021. The Company is very focused on its mining operations growth initiative, which is our core business segment. We are continuing to pursue further high-grade gold property acquisitions and production expansions to increase gold holdings and the circulation of our AABBG token.” 

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Currently trading at a $232 million market valuation AABB has 2,468,944,690 shares outstanding which is almost maxed out with the AS set at 2. 5 billion. The Company has an outstanding looking balance sheet, probably the best on the entire OTCQB with $107 million in assets which includes $68 million in cash and $30 million in Gold Bullion and just $700,000 in total liabilities. They also inked $ 2,765,812 in revenues during 2021, not a bad first year in crytpo. AABB is among the most exciting stocks in small caps with an enormous investors following including some of the most powerful players in small caps. Currently trading right at $0.10 support level with a documented history of making significant moves to the north from this level including separate runs to $0.659 and $0.33 respectively AABB is on many traders watch lists who will jump on board on any significant move to the upside.  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.