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Asia Broadband Initiates Legal Action Against Market Makers For Price Manipulation

Asia Broadband Initiates Legal Action Against Market Makers For Price Manipulation

亚洲宽带以价格操纵为由对做市商提起法律诉讼
GlobeNewswire ·  2023/04/18 08:07

LAS VEGAS, April 18, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) ("AABB" or the "Company") announced today that the Company has initiated legal action against certain market makers for AABB shares on OTC Markets. The Company's attorneys have delivered demand letters to market makers ordering them to cease and desist the practices of naked short selling and the other associated illegal and rule violation activities intended to manipulate the price of AABB stock. These demands are the first step in the legal process and the Company is prepared to file an immediate lawsuit for failure to comply to the cease and desist order. Furthemore, AABB is in the process of gathering historical trade data, such as short sale failures to borrow and deliver, to support its legal actions going forward.

拉斯维加斯,2023年4月18日(GLOBE NEWSWIRE)——亚洲宽带公司(场外交易代码:AABB)(“AABB” 或 “公司”)今天宣布,公司已对场外交易市场上AABB股票的某些做市商提起法律诉讼。该公司的律师已向做市商发出要求信,命令他们停止和停止赤裸卖空的做法以及其他旨在操纵AABB股票价格的相关非法和违规活动。这些要求是法律程序的第一步,公司准备以未能遵守停止和终止令为由立即提起诉讼。此外,AABB正在收集历史交易数据,例如卖空失败的借款和交割,以支持其未来的法律行动。

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.

近几个月来,公司的这项法律举措取得了重大进展,这是由于收到的许多股东和公众投诉表示,AABB的股价每天持续受到虚假和欺骗性交易行为的长期压制。同样,其他场外交易市场发行人已经公开揭露了普遍存在的长期做市商操纵行为,并在法律上提出了质疑。

In regard to other legal matters, the Company is also pursuing defamation legal action against several parties for numerous false and malicious 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 and has hired private investigation services to reveal and confirm identities. Several years ago, the Company experienced similar defamation attacks on public platforms, which were resolved and the platform posts were permanently removed prior to legal action.

在其他法律事务方面,公司还因在各种公共平台和网站上发布了大量虚假和恶意的互联网帖子,对多方提起诽谤法律诉讼。AABB管理层决心追究应对错误信息和诽谤攻击负责的各方的责任,并已聘请私人调查机构来揭露和确认身份。几年前,该公司在公共平台上遭受了类似的诽谤攻击,这些攻击得到了解决,平台帖子在采取法律行动之前被永久删除。

"We are excited to have now taken the first legal step to stop the price manipulation. It is management's obligation to shareholders to do everything in our power to protect their investments in our Company's shares. AABB's price is not reflecting the true value attributed to the Company's successes in recent years due to deceitful and profiteering market manipulation," expressed Chris Torres, AABB President and CEO.

“我们很高兴现在采取了第一个法律措施来阻止价格操纵。管理层对股东有义务尽一切努力保护他们对我们公司股票的投资。AABB总裁兼首席执行官Chris Torres表示,AABB的价格并未反映出公司近年来因欺骗和牟取暴利的市场操纵而取得成功的真实价值。

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.

关于亚洲宽带
Asia Broadband Inc.(场外交易代码:AABB)是一家资源公司,专注于生产、供应和销售贵金属和基本金属,主要销往亚洲市场。公司利用其特殊的地理专长、经验和广泛的行业联系来促进其创新的分销流程,从墨西哥的贵金属和基本金属的生产和供应到亚洲的客户销售网络。这种垂直整合的销售交易方法是AABB的独特优势,它使公司脱颖而出,为股东创造独特的价值。此外,该公司在AABB钱包中增加了数字资产业务板块,包括其AABBG矿改代币黄金支持的加密货币、独特的Golden Baboons Mining Club不可替代代币集合、专有数字交易所Aabbexchange和加密货币支付网关解决方案Payaabb.com。AABB预计其代币将成为全球交易所标准,该代币在黄金支持下稳定、安全且值得信赖,同时还具有基于需求的价格升值的额外好处。与其他加密货币相比,这些是独特而杰出的品质。

Contact the Company at:
General Email: ir@asiabroadbandinc.com
Exchange Support:
Token Support:
Company Websites:
Phone: 702-866-9054
请通过以下方式与公司联系:
一般电子邮件: ir@asiabroadbandinc.com
交易所支持:
代币支持:
公司网站:
电话: 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.

根据1995年《私人证券诉讼改革法》的定义,前瞻性陈述包含在本新闻稿中。这些声明基于亚洲宽带公司。”s(“公司”)预计当前对公司业务的看法会受到不确定性和变化的影响。当行业、监管、市场和竞争环境发生变化时,公司的运营和业绩可能与上述陈述所表达或暗示的存在重大差异。有关这些风险的更多信息可以在公司在场外交易市场网站上发布的年度和季度披露中找到。随着未来情况、事件和信息的变化,公司没有义务更新或更改其前瞻性陈述。


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