Asia Broadband Initiates New Approach Legal Action Program Against Market Makers For Price Manipulation
Rhea-AI Summary
Asia Broadband (OTC: AABB) has launched a new legal action program targeting specific market makers on OTC Markets suspected of price manipulation. The company is adopting an alternative approach to gather historical trade and position data to strengthen their legal case. This initiative comes in response to numerous shareholder complaints alleging that AABB's share price has been artificially suppressed through deceptive trading practices by certain market makers. The company aims to eliminate price manipulation and ensure fair market price determination for its shares.
Positive
- Company taking proactive legal action to protect shareholder interests
- Implementation of new approach to gather trading data for evidence
- Commitment to ensuring fair market price determination
Negative
- Ongoing alleged price manipulation affecting share value
- Potential lengthy legal proceedings with uncertain outcomes
- Current share price potentially not reflecting true market value due to manipulation
LAS VEGAS, May 28, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) announced today that the Company has initiated a new legal action program targeting some of the current market makers for AABB shares on OTC Markets. AABB is taking an alternative approach to compiling historical trade and positions data to further define and intensify the legal actions against certain market makers going forward. The Company is determined to expose and eliminate price manipulation in the AABB daily trading market and allow for fair price determination. Many shareholder complaints have been received expressing that AABB’s share price has been subjected to long-term repression by obvious, false and deceptive trading practices perpetrated by specific market makers on a daily and continuous basis. Further information will be released as it becomes available on the new market maker legal action program.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. 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 and digital asset developers.
| Contact the Company at: | |
| General Email: | ir@asiabroadbandinc.com |
| Token Support: | support@aabbgmine2token.com |
| Company Websites: | www.asiabroadbandinc.com |
| www.aabbgmine2token.com | |
| www.goldenbaboons.com | |
| Phone: | 702-744-4785 |
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 AABB taking against market makers in 2025?
Why is Asia Broadband (AABB) suing market makers?
How does AABB plan to prove market manipulation?
What is the goal of AABB's legal action against market makers?
