Asia Broadband Moves Into Final Stages of Preparation for Federal Legal Action Filing to Protect Shareholders From Market Manipulation
Globenewswire·2025-10-15 12:00

Core Viewpoint - Asia Broadband Inc. is preparing to file a Federal Court lawsuit against market participants and online platforms for alleged collusive trading practices and defamatory campaigns that have negatively impacted the company's share price [1][2]. Group 1: Legal Action - The lawsuit aims to seek injunctive relief and damages from parties involved in manipulative trading practices [2]. - The company plans to refer its findings to the Securities and Exchange Commission (SEC) and other regulatory bodies for further investigation [2]. Group 2: Company Strategy and Operations - Despite market volatility, the company continues to execute its growth strategy, which includes expanding its Etzatlán gold and silver ore processing facility and developing the La Paz and Tequila mining concessions [3]. - The company is strategically accumulating physical gold and silver holdings as part of its operational focus [3]. Group 3: Company Overview - Asia Broadband Inc. focuses on precious metals production and the accumulation of physical gold holdings, leveraging its geographic expertise and industry contacts in Mexico [4]. - The company has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [4].

Asia Broadband Moves Into Final Stages of Preparation for Federal Legal Action Filing to Protect Shareholders From Market Manipulation - Reportify