AABB PPS Ready To Explode On Report Of 1000% Gross Profit Growth To Over $3 Million
January 15 2019 - 10:12AM
InvestorsHub NewsWire
New York, NY -- January 15, 2019 -- InvestorsHub NewsWire -- The
stock price per share of Asia Broadband Inc. (USOTC:
AABB) is likely to explode when the company files its upcoming
annual report. Last year the company reported $277,000 in
gross profit on $882,000 in revenue. As of September 30,
2018, AABB has reported $2.7 million in gross profit just through
the end of the third quarter. 2018 year-to-date (YTD)
revenues through the third quarter have already exceeded total
revenues for 2017 and the gross profit is up 1000%. AABB has
quietly snuck into the mining business with a unique twist
connecting mineral resources in Mexico to buyers in China.
When the company files its annual report for 2018, there will be
nothing quiet about this company any more. Put this one on
your radar. AABB is trading at about $0.01 with a 52-week
high of $0.10. A PPS retrace to the $0.10 52-week high even
before the annual report would not be a surprise. With nearly
$2 million in cash on the balance sheet now, a PPS much higher than
the 52-week $0.10 high is well deserved.
About Asia Broadband Inc. - 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 Guerrero, 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.
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