Alset Inc (AEI)

[BeasTrader]

What's positive about a company that keeps issuing Offerings and Convertible notes?

This is ran like a OTC pink scam. CEO runs multiple public companies, issuing"shares" to the other company for cash and vice verse.

Money goes into the ceo pocket/ family/ friends involved.

Company uses a % of the Offerings money to purchase some shares on the open market to make it appear like the ceo/company is buying up the stock but in reality, they are only using some of the offering money to buy some of those shares put into the market by the offering.

Why do offering to issue millions of shares to just buy shares back? Makes no sense, right?