Asia Broadband Inc (OTCMKTS:AABB) Sees Buying Interest: How Far Can it Go?

Management and Board of Directors of Asia Broadband Inc (OTCMKTS:AABB) on 13th July announced completion of retirement and return of 120 million restricted common shares to its firm’s treasury. This reduction in its total outstanding shares was 13 million greater than its previously announced and approved count of 107 million shares.

Asia Broadband is focused on production, supply and sale of base and precious metals, especially in Asian markets. Harnessing specific geographic expertise and industry contacts for facilitating innovative distribution process from supply in Mexico to client sales in Asia, the unique strength of the company creates value for its shareholders.

To create shareholder value, the firm made agreements with a number of third-party shareholders for retiring 120 million shares. AABB anticipates additional share retirement to its treasury in the near term for additional shareholder value creation. The company is also expecting to release progress update later in the week on its proprietary cryptocurrency exchange development as well as additions to its Wallet led by digital asset developer Core State Holdings, Corp. The company is expecting its token, AABB Gold Token become a world-wide standard of exchange with gold backing.

Furthermore, Asia Broadband will also provide an update on the current status of the mining operations as well as properties.

Market Reaction:

As of 11:36, AABB stock gained 0.20% at $0.14 with more than 10.37 million shares, compared to its average volume of 22.42 million shares. The stock had moved within a range of $0.1392 – 0.1519 after opening the trade at $0.1435. Over the past 52-week, the stock has been trading within a range of $0.0025 – 0.6447.