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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?
Where is the 14c filing regarding a reverse/split?
What happened regarding the development of smart homes?
Reverse/split is planned? 14c hasn't been filed, yet.
I hate reverse/splits. They typically depress price action.
That's a huge amount. Would be awful if this stupid CEO destroy that value...
I received my proxy for the SH meeting. Voted my 305000 shares for everything...
Except the RS. Big time NO.
As I said, and this crazy CEO would have lost 90 percent of his money (70 million shares).
Why the hell would someone do this?
The issue is this has no bid support. So as soon as this gets tax loss selling...which lets face it will happen considering it was over a $1 last January?
With no PRs?
We are screwed. IMO if the overall markets get bad along with the tax loss selling this could go as low as 5-10 cents in December.
I have no idea. No one does. If they had some major news planned that they felt would boost the stock back over a dollar they would have no reason to vote on the RS. So my best guess is nothing is happening.
Honestly they might as well be a SPAC or a shell. They don't seem to have any interest in letting the public know about any business that they may be doing. For example that sale for $12 M of real estate last week. Yes they released an 8 k but you are telling me they can't PR that?
It appears as if they are doing everything possible to purposely tank the stock. And they are doing a damn good job of it.
And if you think this is bad. Wait a few weeks when tax loss selling kicks in. If no PRs or news by early Dec this will see under 10 cents easily.
Exactly what I think. After the rs it will constantly dive down again.
So what the fuck this stupid CEO is doing?
Well this company doesn't really dilute that much so the stock won't fall because of that. But since they never put out PRs? It is just a slow drip down everyday. And I would imagine once they do the RS it will be the same thing. Unless he has some trick up his sleeve.
And imagine how down his shares will be if they really perform this reverse split. Does he have mental disorders? Why would he flush down his money like that?
Even on massive up overall market days the stock can't really even rebound. I mean cmon the market is up huge today and its at 18 cents? After all of the massive red days the past how many months?
Complete POS.
I have no idea tbh. I probably wouldn't sell today with it being this low....but if it gets back into the mid 20s I am out. It is pretty obvious they plan on doing the RS....and they have to by Jan 16th. Which is only 2 months.
Can we really plan on this company putting out PRs and getting this above a dollar in 2 months when they don't do any IR or PRs?
Not imo. It's a real shame to because this is the type of company that could do a great merger with their share structure and balance sheet. But they just don't do ANYTHING. I have no idea why the CEO bought shares. He is already down 40% on the shares he bought last month. He seems to be as bad of a stock investor as he is a CEO.
So should we sell in a loss or is there any hope? What do you think?
I don't know what the clown of a CEO is doing? He owns 70 million shares and will destroy 90 percent of the value by doing this rs? What is wrong with this freak?
This is perhaps the single worst company I have ever owned. They don't PR anything for a year and then say "oh we need to do a RS because our stock price is too low".
I mean hello? That is what happens when you don't put out a PR in a year. They didn't even PR the sale of that real estate for $12 M the other day. Nothing.
So now we have a 1 for 20 RS coming and then more just low volume RED everyday.
Just a complete clown show of a company.
Hey mate, what are you saying about the reverse split?
thanks for the PM what is the rs going to accomplish and why are they doing it
I only received it for one acct I hold it in 6
Nothing received with TDA?
Schwab sent me a notice to vote by Dec 5,2022
items 1 elect 7 directors, 2. Ratify CPA, 3 approve reverse split of 1 for 20
what good will a RS do us at this point?
Hilarious hypothesis
This is a third party news possibly Chan hired them to announce this news since technically he can't issue news during spin-off IPO time. This is just a way to let us know he lost a lot more money than us and perhap patience is required to see further outcomes.
insiders hold over 54% and 23 funds hold almost 7%. The funds usually have smart
managers keeping an eye on things and frequently call investor relations.
https://news.yahoo.com/alset-inc-nasdaq-aei-insider-135726922.html
nothing much > but maybe one day we get some upside in a huge way
read link / more information to digest / nothing really new but just more exposure to alset
https://news.yahoo.com/alset-inc-nasdaq-aei-insider-135726922.html
thanks for the PM I suspect I will receive copies from Schhwab
good to knw something is happening. Hope all is well with you and yours
Short sale restricted today
https://stocktwits.com/shortablestocks/message/492022537
Impact bio spin off news out thru DSS
thanks for the PM yes this is a LTH
He has until June next year. 3 ipo spin-offs and dividends will help drive this up
Unless he can drive the price up with news. Instead of delisting he will R/S.
Hope he gets his ass in gear.
READ THIS: “in its discretion prior to June 30, 2023, may or may not elect to effect a reverse stock split”
Board Discretion to Implement the Reverse Stock Split
Upon receipt of stockholder approval, our Board of Directors, in its discretion prior to June 30, 2023, may or may not elect to effect a reverse stock split at the authorized ratio. In determining to implement the reverse stock split following the receipt of stockholder approval, our Board of Directors may consider, among other factors:
? the historical trading price and trading volume of our common stock;
? the then-prevailing trading price and trading volume of our common stock and the anticipated impact of the reverse stock split on the trading market for our common stock;
? the impact on our capitalization, including the number of authorized, but unissued shares resulting from the reverse stock split;
? our ability to continue our listing on Nasdaq;
? prevailing general market conditions; and
? general economic and other related conditions in our industry.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ? Filed by a Party other than the Registrant ?
Check the appropriate box:
? Preliminary Proxy Statement
? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
? Definitive Proxy Statement
? Definitive Additional Materials
? Soliciting Material under § 240.14a-12
ALSET INC.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
? No fee required.
? Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
? Fee paid previously with preliminary materials.
? Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
Alset Inc.
4800 Montgomery Lane, Suite 210,
Bethesda, MD 20814
October 14, 2022
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD DECEMBER 5, 2022
9 A.M. EASTERN STANDARD TIME
Dear Stockholder,
We cordially invite you to attend our 2022 Annual Meeting of Stockholders to be held at 9 A.M. Eastern Standard Time on December 5, 2022. The 2022 Annual Meeting of Stockholders will be held virtually via the Internet at https://agm.issuerdirect.com/aei (the “Annual Meeting”). Our annual meeting will be a “virtual meeting” of stockholders, which will be conducted exclusively via the Internet at a virtual web conference. There will not be a physical meeting location, and stockholders will not be able to attend the annual meeting in person. Instructions on how to participate in the Annual Meeting and demonstrate proof of stock ownership are posted at https://agm.issuerdirect.com/aei and your proxy card. This means that you can attend the annual meeting online, vote your shares electronically and submit questions during the online meeting by visiting the above-mentioned website. We believe that hosting a “virtual meeting” will enable greater stockholder attendance and participation from any location around the world. The attached Notice of Annual Meeting and Proxy Statement describes the business we will conduct at the meeting and provides information about Alset Inc. that you should consider when you vote your shares.
Your vote is very important, regardless of the number of shares you hold. Whether or not you plan to attend the meeting (via the virtual meeting), please carefully review the enclosed Proxy Statement and then cast your vote.
We hope that you will join us virtually on December 5, 2022.
Sincerely,
/s/ Chan Heng Fai
Name: Chan Heng Fai
Title: Chairman of the Board and
Chief Executive Officer
Alset Inc.
4800 Montgomery Lane, Suite 210
Bethesda, MD 20814
Notice of 2022 Annual Meeting of Stockholders
NOTICE IS HEREBY GIVEN that the 2022 Annual Meeting (the “Annual Meeting”) of Stockholders of Alset Inc., a Texas corporation (the “Company”), will be held on:
Date: December 5, 2022
Time: 9 A.M. Eastern Standard Time
Place: https://agm.issuerdirect.com/aei
Purpose: 1. To elect seven (7) directors, each to hold office until the 2023 Annual Meeting of Stockholders and until his or her successor is elected and qualified;
2. To ratify the appointment of Grassi & Co., CPAs, P.C. as our independent registered public accounting firm for the year ending December 31, 2022; and
3. To approve an amendment of the Company’s Restated Certificate of Formation to effect a reverse stock split of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-20 (the “Reverse Stock Split Proposal”).
Record Date: The Board of Directors has fixed the close of business on October 11, 2022, as the record date for determining stockholders entitled to notice of, and to vote at, the Annual Meeting or any adjournment or postponement thereof.
The Company has enclosed a copy of the proxy statement and the proxy card. The proxy statement, the proxy card and the Annual Report are also available on the Company’s website at https://www.alsetinc.com/.
Your vote is important. Whether or not you plan to attend the meeting, we urge you to vote as soon as possible by submitting your proxy. You may vote your proxy three different ways: by mail, via the Internet, or by telephone. You may also be entitled to vote in person (via the virtual meeting) at the meeting. Please refer to detailed instructions included in the accompanying proxy statement.
FOR THE BOARD OF DIRECTORS
/s/ Chan Heng Fai
Chan Heng Fai
Chairman of the Board and Chief Executive Officer
Bethesda, MD
October 14, 2022
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