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thanks for the PM's I have reduced my possition but still have shares. I fear they will take this private at these low prices. With all the buys by Chan the SP is still in the tank. However Van Guard and Fidellity are still holding
movin up surprisingly
Could very well see under $2 tomorrow with the final 2 days of tax loss selling. Which is under 10 cents pre split.
I actually don't have a problem with the RS. 1 for 20 isn't bad and it leaves around 7.5 M OS....which makes the stock VERY runnable. And the company doesn't seem to dilute.
The issue is the CEO does nothing. I wonder if he is actually an insane person. Seriously.
It hit .11 today pre split. So down about 50% in a week. The CEO's favorite thing in the world seems to be buying shares and collecting them like baseball cards but doing nothing with them.
Very odd.
Hopefully the stupid CEO is happy now. Never saw a brain dead like this guy.
Am I wrong or did he half the worth of his 70 million shares within one day?
Yes, unfortunately. Although, a reverse/split is necessary in order to satisfy minimum listing requirements and to avoid getting delisted from the exchange. This is happening all over the major exchanges in this very bearish market during a proposed "booming" economy as we supposedly "build back better." The result of the stock(s) in question? Short-sellers just drive the price back down alongside naked-shorting MMs until the PPS gets below the minimum listing requirements, yet again. #RinseAndRepeat
Therefore, the issue at hand is way beyond just $AEI and countless other companies that have been affected by the circumstances. Sure, everyone should consider fundamental analyses when considering investment options, but at some point humanity as a whole needs to address the underlying market corruption and manipulation that could eventually destroy the markets altogether. But alas, regulators are reactionary and not preemptive in carrying out their assigned duties. Realistically, the situation looks bleak.
Just my two cents (now valued as $0.002), thanks to the aforementioned. ;)
That ceo must have mental disorders...
Reverse split done?
That's my guess.
AEI other info: Ticker DSS: 35,213,416 shares of common stock held by Alset Inc.; (d) 21,366,177 shares of common stock held by Alset International Limited, a subsidiary of Alset Inc.; and (e) 6,232,671 shares of common stock held by Global Biomedical Pte. Ltd., a subsidiary of Alset International Limited.
https://www.sec.gov/Archives/edgar/data/771999/000149315222035493/xslF345X03/ownership.xml
are they going to take this private by buying out at these low prices
Maybe something will be voted on by shareholders, that will be of benefit to shareholders.
Form 4: CEO bought another 922,384 shares for a combined total of 83,458,375: 56% of the O/S 148,507,188
https://www.sec.gov/Archives/edgar/data/1261725/000149315222036303/xslF345X03/ownership.xml
thanks for the PM I was gone almost all day and will be in Drs. apt all afternoon today.
The vol spiked and no news. So someone who knows something must have been buying We'll know if there is follow through today. If not that climb to .26 was P&D group. We have a few days of major markets climbing to retrace a portion of the 4 day drop. Then all hell breaks loose for the majors. Safest move will be to get into RYDEX short fund in majors jmo.
$AEI Pathetic stupid silent. Why Chan won't issue these news?
— POWERBATTLES (@powerbattles) December 16, 2022
On December 9, 2022, Alset Inc. (the “Company”) entered into an agreement with Alset EHome Inc. and Alset International Limited, two majority-owned subsidia... https://t.co/csN5bP7vpI
Regulators pretty much force companies to reverse/split.
I think this is the one you PMed me on. We are in an official BEAR market. I am lightening up on this one. They lost $$'s in the last 1/4 and RE is not looking healthy. also manufacturing droped .06 in Nov as did retail sales at a time going into Christmas should be rising. I am increasing my short possiiton by useing the RYDEX short funds for the 4 major market. This Bear should last into 2024 Wtching gold/silver they look right for a play especially in the PM stocks with divs. In theory the PM stocks should rise while major market stocks will fall div yield on S&P should go down to 5-6% while Div yield on PMs drop to 1-2% as prices rise as of now I see many at 4-8% Bear markets are not a time for risky plays. good div staocks allow one to increase a portfolio. OH Jeep is layong off 1350 as they see austo sales dropping. The tight new car market is about to gte hammered.
thanks for the PM as for the RS I fear it will still occur. The big owners don't seem to care as they have the same % of shares. If they can get the SP up it could attract buyers. Get it out of penny land.
it has .25 in earnings down from .39 still has possitive earning. They need to gte onto a better exchange such as NYSE.
was there a phone conference this am?
AEI: 8K
https://www.sec.gov/ix?doc=/Archives/edgar/data/1750106/000149315222034347/form8-k.htm
Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, on October 28, 2022, 150 CCM Black Oak Ltd. (the “Seller”), a Texas Limited Partnership and an indirect, majority-owned subsidiary of Alset Inc. (the “Company”), entered into a Contract for Purchase and Sale and Escrow Instructions (the “Agreement”) with Century Land Holdings of Texas, LLC, a Colorado limited liability company (the “Buyer”). Pursuant to the terms of the Agreement, the Seller agreed to sell all of the approximately 242 single-family detached residential lots comprising a residential community in the city of Magnolia, Texas known as the “Lakes at Black Oak.” The parties agreed that the lots would be sold at a range of prices, and the Seller will also be entitled to receive a community enhancement fee for each lot sold.
On November 28, 2022, the parties to the Agreement entered into an amendment to the Agreement (the “Amendment”). Pursuant to the Amendment, the Buyer will now proceed with the purchase of approximately 131 single-family detached residential lots, instead of 242 lots.
The closing of the transactions described in the Agreement, as amended, depends on the satisfaction of certain conditions set forth therein. There can be no assurance that such closing will be completed on the terms outlined therein or at all.
The Seller shall be required to develop and improve the property at the Seller’s cost pursuant to certain development plans and government regulations prior to the closing described above.
This Agreement, as amended, to develop and sell lots for single family homes is an integral part of our multi-pronged strategic approach to managing our real estate business. In addition to developing and selling lots, the Company retains other properties for future projects.
Dec. 2,2022: another CEO Form 4 for 500,000 shares bought at .236 on Nov. 30,2022:
https://www.sec.gov/Archives/edgar/data/1261725/000149315222034223/xslF345X03/ownership.xml
reply to your PM
It is very suspicious for him to buy with a RS coming, he sure could cancell it. Not sure what his mine set is. What is also puzzeling is it shows they have a .20 earings yet they had a 3rd quarter loss of .079 vs .19 3rd quart last year. also why does he buy in such small lots.
that is why the vol was 3x avg. that day
Another FORM 4: CEO bought 544,325 shares on Nov. 23 and 25,2022:
https://www.sec.gov/Archives/edgar/data/1261725/000149315222033827/xslF345X03/ownership.xml
PB probably made $$$ he got in early, before the BIG run, he was in so early he could have easily made bank even when it dropped
just sayin
thanks for the post hope you had abreat Thanksgiving We were oldest son's today we go to daughters. Christmas will be Dec30 when youngest son & his family coming from DC
Form 4: 600,000 more shares bought by CEO
Total shares owned by CEO: 75,027,030, plus 6,380,000 shares of common stock held by HFE Holdings = 81,407,030 AEI shares. *** O/S is 148,507,188
https://www.sec.gov/Archives/edgar/data/1261725/000149315222033581/xslF345X03/ownership.xml
how can you tell its insider today?
Congratulations on your excellent pick here
AEI: 3rd quarter 10Q:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1750106/000149315222032174/form10-q.htm
I won't blame PB for the disaster that this stock is. We all did our DD and made out choices. Who could have known that the CEO would never issue a PR for a year? And then do a RS on top of it?
Just crazy to even contemplate a competent CEO doing something such as that. Makes no sense in any rationale world.
I do think the 'quiet period' excuse is overdone and played out. There is no quiet period. The ceo just could care less about this stock. I am honestly surprised the BoD's and the larger shareholders have not tried to have him removed by now.
ceo is stupid like hell, but nice video...
I just don't know why this ceo is such a turd?
God am i pisssed for ever Holding this Junk that keeps descending
Its Clear why Folks just flip
I don't believe he cares.
Why should he wants to do that? It would destroy his stock...
Even at 5 cents a 1 for 20 RS is $1. My guess is this goes down near that 5 cent area in Dec unless some news hits. Which is doubtful considering they don't release news.
I thought the idea of the rs was to move the price per share above $1, right?
Will that work if the price per share drops before to 5 cents?
That ceo is the most stupid man I have ever seen...
More dumps. At this rate it goes to 5 cents in Dec with tax loss selling.
Total disaster. Total clown show.
Someone dumped today.
Being voted on in a few weeks and has to be done by Jan 16. It will pass because management has enough votes to pass it. And Jan 16 is only 2 months away and we need to go through tax loss selling.
Unless they come up with a miracle we are screwed.
Same here. Reverse/splits cause more harm than good.
Currently nothing there. I am just hoping it will never happen?
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