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It looks like Chan acquires in any IPO then his "friends" short the thing
like the old Fisk and Gould play back in 1869
spot on / all should take notice / could be something coming soon, but prepare for a long wait as chan is mysterious
The offer is only 1,727,273 shares. Chan purchased 1.2 million of shares in the offering. If one looks at the size of the offering, it wasn't a big offer.
Not sure why Chan's desperate urgency is increasing in the size of his stake? Could that be possible he won't get the benefit directly from the IPO share as stated in the prospectus. Therefore the only way to garner benefit is to go through AEI, who holds more than 50% shares of DSS. Who knows? Your guess is as good as mine.
And guess who's missing from this discussion?
I fear you are right as usual. Time to lower holdings in this.
chan is up to his same old tactics > manipulation of the market to benefit his priorities and his long line of family and friends and associates >> IMO
with all the FUD right now with the markets the PPS could see back to under a dollar easily
and any black swan event could play into this one heavily an destroy the price to unbelievable
lows
pop didn't last market doesn't like the new public offering. But why they waited until today that news was out Friday or was it after the close. Most gaps fill unless it came on unexpected news which this appears to be.
It is not unusual for the price to drop slightly below an offering price. It will probably hover around this area until it closes in a couple of days.
Good thing is I do expect there to be some nice follow up news after it closes. I can't imagine Aegis is bringing in investors at $2.20 a share without them knowing news events will come after along with a hopeful share price increase. I'll probably add some tomorrow unless it dips more today.
Yeah, why plummet after the offering? As indicated...
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"The offering consists of 1,727,273 shares of common stock (the "Offering") at a price of $2.20 per share. In addition, the Company has granted Aegis Capital Corp., the underwriter in the offering, a 45-day option to purchase up to an additional 212,863 shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds from this offering for general working capital."
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$2.20/share is actually ABOVE current market price, so it's not dilution. It draws in new investors and generates capital for the company to hopefully utilize for further growth. Am I missing something? Why the sudden drop in PPS?
Well this certainly seems like a huge over reaction.
It means CEO is trying to dump stock!
got a pop today so far??????????????
AEI / CHAN just more spagetti highway mess
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 8 to
FORM S-1
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
IMPACT BIOMEDICAL, INC.
I can't find a symbol for the one you just PMed
What does this mean? Paperwork hurts my head.
this is looking better since the RS it is selling below its earnings which doesn't make sense.
Earning $4.92 PE is less than 1. Should bring attention to some investors jmo
i know i have said this before but i still think this is being front loaded ahead of huge news sometime in the future
but i am thinking maybe some bigger news comes soon > maybe we hear something in next 2 months or maybe sooner than that
Did you know that Hapi Cafe Inc. is a wholly owned subsidiary of AEI?
PLAYA VISTA, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Wealth Mining Corporation (HIPH) ("AWM" or the "Company”) is pleased to announce that it has executed a binding LOI to acquire its first Cafe in the US. Upon completion of the transaction, the Company intends to establish the first HAPI Cafe (https://www.hapicafes.com/) location in New York City. This would also become HAPI Cafe’s first US location. The transaction is set to be completed by the end of this month. The terms of the LOI were not publicly released.
The Company announced in August that it had reached an agreement with Sharing Services Global Corporation (“SHRG”) (SHRG, Financial), the master franchisor of HAPI Café in North America, to be HAPI Café’s exclusive licensee in New York State. With the 1st HAPI Cafe set to open imminently, AWM intends to open 20 HAPI Cafés in New York State over the next 18 months. Throughout the US, HAPI Cafe is targeting to open over 200 locations in the next 18 months.
Ryan Fishoff, CEO of AWM, commented, “The Company is excited for its first HAPI Cafe location in New York! This is a milestone achievement for AWM as we are positioning the Company to meet the strategic goal that we set back in August to open 20 cafes in New York State over the next 18 months. The HAPI Cafe concept is a central part of the company’s shift towards “Wealth Mining”; these locations will be centers of innovation in which customers will be exposed to the future of FinTech, education, wellness, crypto, health and wealth that meet the demands of the 21st-century consumer. The cafes will be a significant revenue driver for the Company, targeting to add over seven figures once our goal of 20 locations is achieved.
“This transaction starts off 2023 strong by opening our first HAPI Cafe, and with our JV with New Energy announced at the end of 2022, positions us well to start the year with momentum to build our “Wealth Mining” platform. A focal point for AWM’s Wealth Mining blueprint is to invest in innovative and sustainable businesses. The development of the Company’s ‘Wealth Mining’ strategy is intended to strengthen the balance sheet to yield a tangible net result of increasing shareholder value. With all the planned initiatives from the different business areas, I look forward to giving shareholders a more comprehensive outlook for 2023 in the next few weeks that outlines the Company’s vision to build a unique company that incorporates crypto, fintech, physical retail, venture, and health and wellness into one platform.”
About HAPI Cafe
HAPI Cafe (https://www.hapicafes.com/) is a unique lifestyle café outlet that inspires to transform the way people eat, work and live, by offering a combination of Health, Fitness, Work, and Leisure services in one location.
About Sharing Services Global Corporation
Sharing Services Global Corporation ( SHRG), formerly Sharing Services Inc., is a publicly traded diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. One of its primary divisions is Elevacity U.S., LLC a sales and marketing company based on utilization of independent contractors as the sales force. https://www.shrginc.com/
About American Wealth Mining Corporation
American Wealth Mining Corporation (“AWM”) focuses on sustainability and maintaining a portfolio of investments in line with the Company’s vision that generates long-term sustainable shareholder value. AWM also focuses on building a financial educational platform to meet the increasingly diverse and complex needs of consumers. www.americanwealthmining.com
Forward-Looking Statements
This press release includes statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control, and which may cause results to differ materially from expectations. For a discussion of the most significant risks and uncertainties associated with the Company’s business, please review our filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact Information
American Wealth Mining Corporation
12777 Jefferson Boulevard
Building D
Playa Vista, CA 90066
Email: info@americanpremiumwater.com
https://www.gurufocus.com/news/1926698/american-wealth-mining-corp-signs-binding-loi-for-first-us-cafe-location-in-new-york-city
thanks for the PM looking good and SP up today
This post tho smellmy finger doesn't open and has a warning instead
Nice. Seems good (bullish), right?
i am ok with you posting my message to board if you like / yes we need more eyes on this
@usgirls, I have a free account (can't PM). Not sure of the answer to your question(s), but it wouldn't hurt to post it here to see if anyone else has insight. Good question, though.
Usually good when a CEO backs their company.
thanks for the PM aand yes things are very uncertain with Chan. SPis moving up nicely, could be in part as it is outof penny land which can attract some buyers. Will be an interesting year here.
looks like he had to do the RS inoder to get the company compliant again. He seems to be all in so must have a long term plan.
thanks for all the PM's had a lot of family things this past weekend.
Looks like that new company is looing for franchise buyers. They are from Singapor. They have an intresting concept. Wonder why they are only opening in NY vs CA too.
It took him more than three years to move all his assets into alset inc. He haven't sold one share since the merge! Technically the o/s unchanged as of March 31, 2022.
Market cap 22 million that is equal to current cash 22 million. On top of that the value total current assets worth more than 110 million. Nobody knows the company more than Chan. If Chan is silently accumulating more shares on the open market then he must have a good reason to support his action. Imho. He won't get paid this year so what's he waiting for?
If he is successful with upcoming three IPOs then the payout is well worth it. Imho.
AEI: 8K: On January 13, 2023, Alset Inc. (the “Company”) received notice from the Nasdaq Listing Qualifications Staff (the “Staff”) that the Staff has determined that the Company has regained compliance with Nasdaq’s minimum $1 bid price per share requirement.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1750106/000149315223001427/form8-k.htm
very possible especially if he wants to take it provate. Get all he can before he has to make the high price offer to get the last shares.
games pump it up then sell-off most likely chan awaiting in the darkness under $2.00
yes up 8% maybe someone knows something or MMs are playing a game
you would expect filings./ yes
but its lots of buys on no news while tracking a bit north low volume
yes it looks like same old same old.
I wonder if he doesn't run it up so he can take some proffits to rebuy when he lets it drop.
but he would have to report those moves.
movin up a bit / but seen this movie b4
right i do think so too but also we need that real news from chan if he is ever going to really speak out about alset
aei must get over $3 to get back pre reset
yes but the SP is caught in a tight range 10.11-10.17 mostly ar 10.14
warrants don't seem to be moving
money pouring into acax
well vol preceeds price so mybe we get big bounce
I agree. Acting better.
107,624 volume over one million dollars again ACAX
AEI SPAC
CURRENT VOLUME ACAX STOCK 67,824
THIS COMPANY ACAX IS SPAC BY ALSET AEI
NOT thinking taking private
spac is positive sign not going private
but lots of peeps have posted on many s/m sites rumors about private
i think its just noise
its hard to say for sure what he is doing, but he could take it private
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