AABB Authorized Reduction + 1000% Profit Increase To $3 M + $2 Cash = $0.10 PPS From Current $0.01
January 17 2019 - 10:15AM
InvestorsHub NewsWire
New York, NY -- January 17, 2019 --
InvestorsHub NewsWire -- Asia Broadband Inc. (USOTC:
AABB) has the ideal formula for a rapid PPS rise from its
current $0.01 to $0.02 range to $0.10. First off, there’s
less authorized stock. Last month the company announced eliminating its Class B common shares and
its preferred shares reducing the risk of future
dilution. Even more remarkably, the company has posted a
1000% increase in gross profit through the third quarter of 2018
reporting almost $3 million in gross profit compared to $277,000 in
gross profit for the entire previous year. The company is
also reporting nearly $2 million in cash on its balance
sheet. The 52-week high PPS for AABB is $0.10 and there is no
reason the current PPS should not be at that 52-week high. As
the market becomes aware of this undiscovered gem, watch the PPS
rise to previous highs and beyond. Results from a new drilling program are expected
this month and the annual report filing should light this stock
on fire.
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.
NextBigTicker also follows Lithium
Exploration Group, (LEXG),
Kali-Extracts, (KALY)
and Generex Biotechnology, (GNBT).
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forward-looking statements within the meaning of the Securities
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