After reviewing my notes with partners last night we noticed CEO Suen said three times during the call “potential buyout” of company. He noted the company is in constant talks with food delivery and fintech companies naming GRAB food, GO food and delivery HERO all multi billion dollar unicorns.
CEO Suen has purchased over 1m shares FORM 4 filed in late 2019. CEO Suen cannot sell a single share of his stock until two years since his last purchase. CEO Suen notes in a recent PR that he has invested more than five years of salary back into buying Weylandtech stock. If company is bought out CEO Suen is paid out for his shares.
We believe a sale of Weylandtech will come quickly after uplist to NASDAQ capital markets we maintain 1b valuation.