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I can explain his silence fairly easily up until he got his 35M shares @ 33 cents...but after that...not sure what his game plan is now.
He's got millions in this ticker invested now..so he might be playing this very long..much longer than many of us would like....but his skin here is much more than mine...so I;m holding no matter what happens
CEO owns 79M shares or 53% of O/S
thats the highest % ownership I've ever been a part of with a CEO
Seems that should make this a no-brainer investment below 80 cents (CEO's WA estimate)...he's got to bring this up at some point ..he's got millions of dollars invested in this stock
I'm not throwing in the towel here until the CEO does (if he does)
So far he owns 79M shares and in the hole maybe $40M given his WA = around 80 cents.. ..He's got every incentive to get this stock over $1
CEO with almost 80M shares loses $800K on paper with every tick this drops...not to mention his bonus is directly tied to this stock price...can't imagine going on much longer without him making some move here...he's got $millions riding on this
I could have guessed that just by looking at the number of negative posts ...wreaks of shorters desperation
Why do things the hard way...just start pumping...and maybe declare a small dividend (just like his video said) the watch this go to $1++
Chan been around the block a few times. Whatever he's doing not by accident
Last minute paint job by mms shorters wanting this to close below 30 cents
I wasn't concerned back then. I am now. It's getting late in the game for the CEO to make his move. The closer we get to July 18...the fewer his options are to achieve compliance ..soon there will no good options here for him.
1) File for Extension - will potentially further tank the price and certainly won't lead to anymore volume IMO..also it's not guaranteed that it will be granted either.
2) R/S - will lose most of the CEO's (and longs) investment that haven't already lost..unless he declares a hefty dividend to go with that R/S....
3) Delisting - IMO this never happens and is the worst of all scenarios here...but Chan has too much riding on his investment to let this get to sub 10 cents in the OTC...unthikable for him I'm sure
Thinking #2 above is the most likely direction now.and hopefully the dividend holds up the price post R/S....but we will see.
O/S last reported showed no change from 113M + 35M that Chan just got ..it's 148M now and hasn't changed to my knowledge. Warrants were largely coverted...dilution is a thing of the past here..and until Chan pumps this price up he has no room to issue offerings
If you can get out and chase later (you hope), do so.
You might be right...but since Chan is by far the biggest shareholder...no one would benefit more than him from dividends
Small float here makes this a multi-bagger potentia if you got in under 60 cents...but it's getting a bit ridiculous now given how long we've heard nothing from Chan
He said his strategy here is to have stable dividend income for stockholders...still waiting for that first dividend declaration
Never been in a company where the CEO owns 53% and appears to be slothing his way to a deadline needing to reach $1....it baffles the mind ..but the Chinaman didn't get rich by being dumb....so let's wait
I can't explain his silence now that he has his shares and a short runway to get to $1 ...or file for extension (bad) or delisted (terrible)...his choices get more narrow with each passing day as we move towards July 18 deadline.. He's either going to end up being a genius...or the biggest idiot of all time. Let's hope it's the former
April could be understood since he was guarding his deal of 35M shares !@33 cents to be sure it would be approved by shareholders...I mean would you have voted to x-change shares with Alset Intl @33 Cents for AEI if this ticker were running above $1....Chan didn't want to take a chance you woudn't. June thus far is harder to explain after he got his shares. He now loses on paper $790K for every tick down.
Can't believe he will allow this to on much longer much less get this ticker delisted and lose $$$millions. Also if he does a R/S to get above $1...with no signifcant news or dividend declaration...he loses big time as well in the subsequent stock price erosion that will follow.
As time passes here...it's likely he's going to reverse split this with a dividend declaration to try to keep his investment from tanking and not get delisted at the same time...I would have preferred just a dividend declaration and no R/S...but he's running against time here and not in his (our longs) favor. We will see.
Call it what you will Mr. Expert...I see EDGX here (likely a shorter) day after day play both sides of the fence here...and spoofing large low price offers (walls) whenever there's a threat of a run...it happens all the time especially if you have institutions shorting this and there are likely plenty that are
FROM LIST OF STOCKS THAT COULD FLY IN JULY
ALL CHAN HAS TO DO IS SAY BOO! AND WE'RE OFF TO THE RACES
Alset EHome International builds affordable designer homes that have integrated smart technologies. The company completed its initial public offering in November 2020 at $7 per share and has been on a roller coaster ride ever since thanks in large part to its tiny 6.8 million-share float — the smallest of any stocks on this list. The smaller a stock’s float, the easier it is for a relatively small amount of trading volume to move its share price significantly, creating the potential for extreme volatility. Ortex estimates that 89.5% of Alset’s float is currently held in short positions.
148M O/S ..Chan owns 79M...Tutes own what..17-20M or so...
What's that leave us with...maybe 50M float...with maybe 80M shorted...that means this shitt could run pretty hard with the right news as shorts will have to cover quickly or lose their shirt...there aren't many sellers out there at this level as volumes prove.
Maybe true..if this never reverses...but that just makes Chan the biggest idiot of all time for going in deep here @79M shares @80 cents or thereabouts his WA even with 35M shares @33 Cents just exchanged...I seriously doubt that Chinaman going to lose money here...jus sayin
Look at L2 and you see the same old MMs playing games...it's the same
True there is no interest in buying right now pending any news...but it doesn't mean that MMS are still not trying to bring this further down to trigger stop loss sales as they always seem to do with low volume stocks that have reversal potential
Too funny here...1M shares traded and avg trade under $500....talk about manipulation ..textbook case of how to manipulate a price to go lower while expending little to no $$ for the MMs involved here.
Price movement here means nothing until volume increases again.
Just a reminder. If the CEO R/S this without any significant news or dividend declaration...he will lose millions of dollars in a matter of days after the R/S
Because MMs want your shares cheap before this reverses. LOL
Absolutely right. With low volume price action means nothing but manipulation or algo driven trading...148M shares O/S now and 79M belong to the CEO who's WA is well above current price..unless Chan wants to throw his share investment away...this will have to rise soon
No..his purchases in the open market speak much louder to me.
Chan would have to be the biggest loser on earth if he let this delist after investing so much in it....and we know he's not a loser. Patience
Don't think Chan bought shares in the market and positioned himself as majority investor here to lose money on his investment.
With volume under 1M here we're lucky we didn't lose ground.
I can't imagine what levels this shitt could actually reach with any kind of volume...boggles the mind
It's up to the puppet master if we do...he can send this zooming up in a NY minute whenever he wants to. Like I said, I don't think he will want to file an extension before July 18 to keep from delisting...when it's so much easier just to declare a small dividend here and begin executing on his own strategy he recently communicated via video. He's got 79M reasons to pump this now
Chariman owns almost 80M shares and is facing a possible delisting by July 18 from NASDQ should this not be over $1 by then for 10 straight trading days...that means two weeks of trading ...that means it better be over $1 by beginning of July or sooner...or he has to file for an extension which is not guaranteed and puts his whole investment in jeopardy. The fastest way to get this over $1 (defillibrate it) is with a small dividend declaration which they are in position to do now being cash rich ...and aligned to their recent company video strategy they communicated.
He wins three ways if he does that...cash from the dividend in his pocket, stock appreciation on his investment, and bonus kicks in as CEO of the company. It's a win-win-win scenario for him if he just does this and not much more
Chan got his shares voted in by a large margin. Now for better or worse, he's got this ticker majority investor and biggest loser if he doesn't perform.
He's no fool.
It's in his interest to do so. He's the biggest long by far after Monday.
And if I were shorting this now...I'd be very nervous betting against a CEO with 79M shares and just about as many reasons to pump this stock up
It's all by design. Chan had no interest in pumping this prior to the vote to give him his 35Mshares @33 cents..in x-change for Alset Intl shares
After he has his shares...he will have every incentive to pump this higher than $1 before July 18
1) No retail volume to speak of
2) MMs and algo trading can manipulate this all day long that way to prevent it from doing so if they wish
Right now tutes, CEO, most retail...are just holding waiting for June ...unless the CEO wants to see his millions invested here wither away, we should expect upward movement well before the July 18 deadline for delisting otherwise
He bought shares in the open market as was reported. Can't do that with shares from other companies.
Still enough time for this to move up. Let's see what Chan does with his 79M share investment as of next week. He's not gonna want to lose money given he's worked hard and spent his own money to buy shares in the open market to get him to that level. Can't imagine him letting this get delisted in any way
Shareholder meeting also is to approve new name and move company to Texas...Alset Inc...broadens the name to mean more than just e-home business...and explains why he is moving his shares to AEI holding company as he will control all other companies from this one and based on his video...aims at providing stable dividend income to AEI shareholders...remains to be seen if this materializes but he has set himself up with 79M shares to be the primary beneficiary of any dividend stream here in the future...not to mention stock appreciation and CEO bonus tied to PPS and Net asset value performance...he's got a triple whammy going here
Not enough volume though to conclude anything right now.
When CEO gets his 79M (in total) shares, then we can expect a move (hopefully) of significant proportions...don't know how he plans to pump this afterwards..but his runway is not that long to $1 before July 18 or face delisting possibility...and losing millions of dollars on his investment. Will have to be substantial news I think to move this into the $1 range so quickly...but wait and see.
Volume here is nill. PPS means nothing for now until we see otherwise