Asia Broadband, Gold Play With Digital Currency (NFT) Twist
The last speculative stock trading under $0.05, that we added to the Watch List was Pharamather (PHRRF), which traded better than our wildest expectations, gaining 520%. We think Pharmather can move much, much higher, with success in front of the FDA – supposedly due this month, though we never count on FDA approval or disapproval, nor projected dates.
We only bet on outcomes post approval. If their Ketamine does get approved, look out, sparks will fly. Their is a shortage of Ketamine. Two years ago HC Wainwright had a $5.00 Canadian price target, or $3.68 US.
In January they felt confident their ANDA (Abbreviated New Drug Application) for their Ketamine would be looked favorably upon from the FDA, by April 29th, 2024.
PharmaTher Provides Update for Expected FDA Approval of Ketamine
On February 12th they hinted (best we can describe it) about ‘possible deficiencies.’ We have no idea what hell possible deficiencies means, but the market didn’t seem to care and tens of millions of shares traded in its move to $0.31. They did state they “..aims to respond to satisfy the preliminary thoughts on possible deficiencies before the April 29th goal date (gulp – lol).
PharmaTher (PHRRF) Breaks Above Resistance.
Adding Asia Broadband (AABB) $0.02 to Speculative Watch List.
This is one hell of an interesting idea. Asia Broadband, which we’ll call AABB, is not in Asia and is not in Broadband. What is interesting is:
A) It’s a Gold producer with twist. The twist is related to digital currencies. They have a gold backed NFT, a digital wallet and a bonafide crypto exchange. And as we all know, or should know, both gold and bitcoin are moving higher..with gold at all time highs and a break above the 4-year resistance.
B) Their most recent 10K filed with the SEC shows $58 million in the bank, $31 million in gold bullion and total assets of $116 million. Wait what!*
Gold Breaks Above 4-Year Resistance Level
C) AABB has a market cap of $62 million. Wait..what! Where do we find these ideas (hint, thanks Jay).
LIVE QUOTE
This is our initiation of coverage report, which goes over all the basics. Our second report will delve more deeply into their digital initiatives. Interesting to say the least.
It would trade at near $0.04 if it trades in parity with the stated asset value, hence our $0.04 price target. If the meme trading crowd gets wind of this though, there’s truly no telling what could happen.
They have a Crypto Wallet listed on Google Play with over 10,000 downloads a Crypto Exchange supporting 400 different tokens. They are also launching their latest NFT (Golden Rascals) after the first (Golden Baboons) quickly sold out.
The Golden Baboons and Golden Rascals NFT’s are backed by a ½ gram of GOLD, similar to the Company’s backing of its AABBG token with 1/10th of a gram of gold.
RECENT NEWS
GOLD
Asia Broadband Initiates Drill Program in Gold Production at Picachos IV property
“It’s a very exciting production area where Picachos is located and the property is a key strategic addition to the Company’s mining portfolio that will facilitate the growth of our operations and profitability going forward,” expressed Chris Torres, the Company President and CEO.
(2021): AABB – Asia Metals Completes $82 Million Sale Of Guerrero Gold Belt Mine
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.
NFT’s
Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company’s new Non-Fungible Token (“NFT”) collection the Shorts Rascal Club (or “Golden Rascals”) is officially listed on the Solana blockchain and has already minted more than half of the collection.
Golden Baboons & Golden Rascals
AABB is a client, please see report for full disclosure and disclaimer details.
*Filed with SEC on 10k, though unaudited.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company’s industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. 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 and digital asset developers.
Contact the Company at:
General Email: [email protected]
Token Support: [email protected]
Company Websites:
Phone: 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. Client we are being compensated with five thousand a month for ongoing news coverage and progress reporting.
