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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