Asia Broadband Pursues Market Manipulation Legal Action Against Major Market Makers
Asia Broadband Inc. (OTC: AABB) is taking legal action against market makers for alleged manipulation of AABB shares on OTC Markets. This decision arose from numerous shareholder complaints about long-term repression of share prices due to deceptive trading practices. The Company also seeks accountability for defamatory internet posts against it. AABB President and CEO Chris Torres emphasized the obligation to protect shareholder investments, arguing that the share price does not reflect the Company’s recent successes. AABB focuses on precious and base metals production and has expanded into digital assets, including a gold-backed cryptocurrency.
- Legal action may lead to improved share price stability and transparency.
- Expansion into digital assets and cryptocurrency could enhance revenue streams.
- Allegations of market manipulation may undermine investor confidence.
- Defamation issues could distract from business operations and growth.
LAS VEGAS, March 09, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) announced today that the Company is pursuing legal action against certain market makers for AABB shares on OTC Markets. This legal initiative by the Company has progressed significantly in recent months due to the many shareholder and public complaints received expressing that AABB’s share price has been subjected to long-term repression by false and deceptive trading practices on a daily and continuous basis. Similarly, other OTC Market issuers have already publicly exposed and legally challenged the pervasive and chronic market maker manipulation practices.
In regard to other legal matters, the Company is also pursuing legal action against several parties for numerous defamatory internet posts on various public platforms and websites. AABB management is determined to pursue and hold accountable the parties responsible for the misinformation and defamatory assaults. Several years ago, the Company experienced similar defamation attacks on public platforms, which were resolved and the platform posts were permanently removed.
“We have an obligation to our shareholders to do everything in our power to protect their investments in our Company’s shares. Our share price is not reflecting the true value attributed to the Company’s successes in recent years due to deceitful and profiteering market manipulation,” stated Chris Torres, AABB President and CEO.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) 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 Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its AABB Wallet, the unique Golden Baboons Mining Club non-fungible token collection, a proprietary digital exchange AABBExchange and a cryptocurrency payment gateway solution PayAABB.com. 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.
| Contact the Company at: | |
| General Email: | ir@asiabroadbandinc.com |
| Exchange Support: | https://aabbexchange.com/faq/ |
| Token Support: | https://aabbgoldtoken.com/faq/aabb-wallet/ |
| www.AABBGoldToken.com/support/ | |
| Company Websites: | www.asiabroadbandinc.com |
| www.AABBExchange.com | |
| www.AABBGoldToken.com | |
| www.PayAABB.com | |
| www.goldenbaboons.com | |
| 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.
FAQ
What legal action is Asia Broadband Inc. (AABB) pursuing?
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