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Asia Broadband Moves Into Final Stages of Preparation for Federal Legal Action Filing to Protect Shareholders From Market Manipulation
Asia Broadband Moves Into Final Stages of Preparation for Federal Legal Action Filing to Protect Shareholders From Market Manipulation.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Asia Broadband Moves Into Final Stages of Preparation for Federal Legal Action Filing to Protect Shareholders From Market Manipulation\r\n \r\n \r\n\r\n\r\nAsia Broadband Moves Into Final Stages of Preparation for Federal Legal Action Filing to Protect Shareholders From Market Manipulation\r\n\r\n\r\n\r\n\r\n\r\nLAS VEGAS, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is in the final stages of preparation to complete a Federal Court legal action against certain professional market participants and online platform entities that the Company believes have engaged collusively in damaging manipulative trading practices and defamatory campaigns targeting AABB. The Company is determined to expose and eliminate price manipulation and repression in the AABB daily trading market and allow for fair price determination. The Federal lawsuit seeks injunctive relief and damages from parties that the Company believes have: \r\n Engaged in unlawful collusive trading activity, including spoofing and wash trading\r\n Disseminated knowingly false and misleading statements regarding AABB’s business operations to undermine investor confidence and fuel the market manipulation and repression.\r\n Chris Torres, President and CEO of AABB, stated: “We have a responsibility to protect both the integrity of our Company and the interests of our shareholders. AABB’s share price is not reflecting the true value attributed to the Company’s successes in recent years due to illegal market manipulation and profiteering. Our legal action will reflect our firm’s commitment to ensuring fairness, transparency, and accountability in the marketplace.” The Company also confirmed that it will refer all its findings to the Securities and Exchange Commission (SEC) and other regulatory bodies for further investigation. Despite recent market volatility, AABB continues to execute on its growth strategy, which includes the ongoing expansion of its Etzatlán gold and silver ore processing facility, advancing development of the La Paz and Tequila mining concessions and the strategic accumulation of physical gold and silver holdings. About Asia BroadbandAsia Broadband Inc. (OTC: AABB) is a resource c...