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Six more months ...and 79M shares owned by the puppet master...he will soon turn his attention to how to pump this one up
Let's get this shtt over $1 again....I can taste it already.
Shorts are fkked. They counted on delisting and now it ain't happenign and Chan has 79M shares and 6 months to torture shorts ...lol
Poised on the launching pad...with 79M owned by the puppet master and possible extension giving him even more time to pump this up...we know he filed a shelf offering earlier ...another indicator his plan was to issue shares when the price was higher...all indicators point up here not down
One thing we now know...a reverse split doesn't help him anymore given the deadline has passed...only an extension grant or merger with another company is what makes some sense here. So we can be relatively certain that reverse split wasn't his plan all along or else he would have done that already...but we will see shortly.
Living to see the day shorts are toasted here.
Mr. Chan seems to want help them for some reason by keeping quiet on everything he is doing behind the scenes...if he didn't own 79M shares here..I'd be worried about his next move as a long
The quiet one (Chan) ...helping shorters stay in the game unfortunately
He's already got majority ownership and can do what he wants without anybody else's approval or vote...so it's like it is private for him already where it counts in decision making power..any additional squeezing out of retail or tutes would be costly for him (having to buy more shares at higher prices when he comes in and does that) and not needed IMO
Bet against Chan and his own money at your own risk
He has to report out on the extension if he got a letter from NASDQ...he has only a few days to do that...news should be out by end of the week. If he allows this to be delisted without any action...and it drops by half all of sudden (not to say that's what will happen because I;m sure there will be bid support below 25 because the cash value here is just to great drop much further IMO)...he loses $12M...I'm sure he's not crazy enough to allow that to happen. Anybody shorting here and betting that's what's going to happen is betting that Chan wants to lose millions here somehow.
with 79M shares and 53% ownership...he'd be the dumbest man in the world to let this ticker get delisted and lose millions in the process. He must have some plan here to reverse this somehow..or possibly merge this with another one of his companies ...
As expected from the June shareholder vote...he finally got his shares in the exchange agreement with Alset Intl shares. Now he has 79M with an estimated WA of 80 cents. Now he really does gain or lose $790K with every tick up or down..
Hope you're right. There's only two things that convinced me to come in here below 60 cents...Chan's WA is higher and he owns a boat load of shares...and the balance sheet they have.
This company is essentially run/owned by one guy and a portfolio of investments
That's what I've been able to deduce. Chan isn't focused on PRs right now to pump this. He's doing something else...let's hope it's not getting this delisted and will eventually have this one way or the other $1+
I appreciate your insights and DD here.
Even longs have to admit that unless there is motion here to make this ticker longer term profitable (and PRs to say that) and/or create interest in the market, it will not move past the $1 where it should be just on balance sheet alone.
Chan has been extra quiet about his plans for AEI ..publishing just a video here and there but no PR for several months (even though his purchases have spoken loudly for him). Unless he announces an extension to list in NASDQ for another six months at sub $1...the only other reasonable conclusion is that he is not overly concerned about delisting because he will merge or buyout this ticker with another one of his companies to avoid delisting impact (which will mean institutions will have to divest and he may lose millions). It could be another company (not DSS) but DSS has been receiving funding recently from AEI (its largest investor) and it's somewhat of a natural fit to have the two ticker's merged since Chan controls both. And honestly, DSS may be the better stock longer term with spin offs and dividend payments to shareholders so I wouldn't think it so bad to have DSS vs AEI as an investment.
But we will have to wait and see...I've been wrong more times than right about what Chan will do...so I hope he does the right thing for longs here
Technically its nyseam . .formerly Amex acquired by nose in 2008
The American Stock Exchange (AMEX) was once the third-largest stock exchange in the U.S. NYSE Euronext acquired the AMEX in 2008 and today it is known as the NYSE American.
AEI buyout value is $1+ because of it's balance sheet
So DSS at 30 cents would have to acquire AEI @$1+ ...those AEI longs get 3 shares of DSS for every 1 they own of AEI...triple your money right away not to mention the DSS IPOs coming and dividend payments in IPO stock...oh and Chan would approve such a buyout because he's the biggest shareholder in both companies and he would eliminate his delisting problem as well with AEI. Even though DSS gets diluted there is already an expectation set for long term value of that stock to be $10 per share based on the convertible note they issued recently...so Chan will play long ball with DSS....this is just as plausible a scenario as him getting an extension for AEI...either one can occur here
Good one dude..DSS is a NYSE listed company....oops!
LOL
He's not doing for penny stock gamblers...he's doing it to enrich himself (he can set the price and authorize it)...he will get 3 to 1 shares of DSS vs AEI...a company that has a convertible note in two years @$10 per share...he can make millions with that scheme. Only problem will be you shorters will have to put up 3 shares of DSS for every share you shorted of AEI..not a pretty prospect
Merger is likely ....look at the cash infusion in Jan from AEI...
https://finance.yahoo.com/news/dss-receives-17-million-investment-213000729.html
DSS needs cash infusion for all it's companies and planned IPOs ...it needs to further develop and bring to market ...AEI provided that infusion before in exchange for further investment in DSS...why not consumate that relationship now and have DSS buy us out...with a share swap...
You mean not scary enough yet? lol
Right now delisting means little to Chan if he's planning a stock buyout deal with DSS and make himself (and longs) richer in doing so. This is a throwaway ticker for him that is only valuable for it's balance sheet in an acquisition scenario like that.
DSS buyout possibility driving the price up perhaps?
Buyout price $1+ per share...3 to 1 stock swap at DSS current price ...we triple our shares and they become DSS shares...a NYSE company with IPOs and dividend prospects on the horizon.
I wouldn't be surprised if DSS buys us out. Merger has been discussed for a long time and with AEI possible delisting..good time as any to inject all that cash and liquid assets this ticker carries into DSS as they plan to expand on their IPOs
How come if this is getting delisted it's going up not down..lol
Like I said..all bad news including delisting possible is already baked in.
Shorters shaking in their shoes and running to cover
There are so few shares right now at this level...that if this shtt make a major move up their fked big time...scary times for the shorties
The point was to get over 50% of this stock so he could unilaterally decide if he wants to merge it with DSS ...no vote needed for that merger
Has he dumped any ..?? Volume has been super low for weeks...no reports of him selling anything (he'd have to report it as material change)
Stop posting FUD with no DD to back it
Shorts are always excited with MM's cap a stock
Because shorts are afraid they may have to sell their sister to cover in the future.
You've been saying that here for like forever....lol
Would love to see shorters wiped out here....Mr Chan..comon throw us a bone here
He needs to merge AEI with DSS to avoid delisting or file for extension.
Still don't know what his plan is for AEI...if the note is being held by DSS and the price for DSS expected to be @ or above $10 by the time the note expires or sooner...then DSS is where we should all be looking to move our money to so I am ok with a merger in that scenario as long as DSS buys out AEI...the CEO could execute that buy on a stock buyout (no cash)..having a 3 to 1 buyout..we get 3 shares of DSS for every AEI share (valuing AEI at liquidation not market cap)....I'm sure him owning both companies can execute this share buyout if he wanted to and avoid delisting for AEI that way....it would dilute DSS but if they really expect that company to take off a few months...then it would be ok
Even though it sucks to have to wait for this to reverse, this security has no expiration date..unless Chan wants to merge it with another....sooner or later the value has to be realized even in a buyout by another company...Chan won't sell his 79M shares cheap
All bad news is already baked into this price...discount from cash value per share is 70%+...looking forward to a rebound here at some point even if Chan doesn't want to let this run for whatever reason he has now.
They reported r/e leasing revenue last financials. They must be landlords to do that and therefore own some of the property they developed
If Chan's plan is to merge this company with DSS, he might not care what the price of AEI is at this point...it will be bought out by DSS including his own 79M est shares. ..question will be at what price. His WA has to be around 80 cents or so...so he would want a buyout of at least $1 or more and also because of the net asset value of this company is well over $1. Buyout would not be in cash ..would be in stock...so we'd all become shareholders of DSS if that were to happen...some conversion factor...DSS is at 40 cents or thereabouts last time I checked...so if price is $1.20 for AEI buyout...we get 3 shares of DSS for every AEI share we own...and presto chango...delisting problem solved.
This isn't your local retailer ...they don't have a call center to sell widgets.
This is an investment conglomerate run by a single person with most of the shares on his side of the fence. He's not going to be there to answer the phone for you, And if he did answer the phone...what would talk to him about...how well you've been doing up until now shorting this? Doubt he'd be all ears for that one...LOL
That was another share exchange ...and he bought plenty in the open market prior to that exchange in June..to get over 50%
This was a share exchange for DSS shares for True Capital. The issuer is DSS. That's what I get from it.