Alset Inc (AEI)

[powerbattles]

Market cap 22 million that is equal to current cash 22 million. On top of that the value total current assets worth more than 110 million. Nobody knows the company more than Chan. If Chan is silently accumulating more shares on the open market then he must have a good reason to support his action. Imho. He won't get paid this year so what's he waiting for?

If he is successful with upcoming three IPOs then the payout is well worth it. Imho.

On December 20, 2022, Mr. Chan acquired 600,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1557 to $0.2614. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
(2) On December 21, 2022, Mr. Chan acquired 322,384 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $0.1755 to $0.19. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
(3) In addition to the 77,078,375 shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 6,380,000 shares of common stock held by HFE Holdings Limited. Mr. Chan has sole voting and investment power with respect to the shares held by HFE Holdings Limited. Mr. Chan is the beneficial owner of 83,458,375 shares of the common stock of Alset Inc.
More share acquired during the month of November.
Common Stock 11/23/2022 P 400000 A $0.217 (1) 75427030
Common Stock 11/21/2022 P 300000 A $0.1804 (1) 74727030
Common Stock 11/22/2022 P 300000 A $0.1904 (2) 75027030
common Stock 11/17/2022 P 42759 A $0.1598 74127030
Common Stock 11/18/2022 P 300000 A $0.1741 74427030 (1)
Common Stock 11/25/2022 P 144325 A $0.2292 (2) 75571355