Asia Broadband Inc. Pursues $250 Million Dollars In Total Damages From Market Makers In Federal Lawsuit Filed For Coordinated Market Manipulation and Securities Fraud

Core Viewpoint - Asia Broadband Inc. has filed a federal civil lawsuit against Virtu Financial Inc., GTS Securities LLC, and G1 Execution Services LLC for securities fraud and market manipulation, seeking $250 million in damages [1][2]. Legal Action - The lawsuit, titled "Asia Broadband, Inc. v. Virtu Financial Inc. et al.," was filed on January 7, 2026, and includes 168 pages of supporting exhibits detailing systematic and unlawful trading practices aimed at suppressing AABB's share price and impairing its access to equity financing [2][4]. - The complaint cites evidence from Level II order-book video recordings, trade-tape analysis, and market data that demonstrate patterns of intentional market manipulation [3][4]. Impact on Shareholders - The actions of the defendants are claimed to have undermined market integrity, investor confidence, and materially harmed AABB and its shareholders by preventing the stock price from reflecting the company's fundamental performance and asset value [4]. Company Response - The President and CEO of Asia Broadband Inc. stated that the lawsuit represents a serious abuse of the trading system and emphasized the need for judicial review and regulatory scrutiny [5]. - The company is seeking injunctive relief, compensatory and punitive damages, and plans to refer its findings to the Securities and Exchange Commission and other regulatory authorities for further investigation [5]. Operational Continuity - Despite the ongoing litigation, Asia Broadband Inc. continues to execute its long-term growth strategy, which includes the expansion of its gold and silver ore processing facility and the advancement of mining concessions [6][7]. - The company is focused on strategic accumulation of physical gold and silver holdings, aiming for operational performance and long-term shareholder value [8]. Company Overview - Asia Broadband Inc. is a resource company focused on precious metals production and the accumulation of physical gold and silver holdings, leveraging its geographic expertise and industry contacts in Mexico [9]. - The company also has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [9].