Alset Inc (AEI)

[powerbattles]

The latest earnings report is alarming. Despite a significant decrease in revenue by 450% compared to the previous year, the company's expenses have skyrocketed with a whopping $39.1 million allocated to other expenses, leaving investors puzzled about where the money went. The company's assets also decreased by $31 million, further raising questions about the financial management of the company. The net loss of $46.2 million is astounding, especially considering the low revenue of $4.4 million. Moreover, the cash on hand decreased by a staggering $38.2 million, leading to concerns about the company's financial stability. To add to the confusion, the company is issuing a new offer for only $3 million despite having $17.8 million in hand. All these factors suggest that the company's books are cooked, and Chan may be manipulating the stock for his benefit. The huge discrepancy between last year's earnings and this year's earnings is like day and night, making it difficult for investors to trust the company's financial reports."