Alset Inc (AEI)

[Niceguy1]

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.