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Replies to #7941 on DSS Inc (DSS)
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ThebondoKid

03/29/20 11:38 PM

#7942 RE: brooklyn13 #7941

Very clear from the 8k each DSS common holder will get two shares of the IPO of Impact. Chan will not get any shares based on his holdings being he already owns all the companies involved in this shell game. Plus he is getting 14.5 million more common at .216. So Chan the con man will hold around 37 million common and he will also have a convertible preferred component with a 19.9 blocker. Good luck
This is an amazing pile of dog shit. Gonna be so interesting how Chan actually makes his money in the end. Id bet its through another of fat pay checks and insider dealings. Wow, the criminal masterminds of these con men is unreal. And the naïve investors who get robbed. Sad
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artificialselecter

04/02/20 5:18 PM

#7945 RE: brooklyn13 #7941

Two shares of IMPACT IPO for every one share DSS owned (i.e. if you own 10k DSS shares, you would apparently be entitled to a bonus of 20k IMPACT shares post IPO).

“The Term Sheet further lay out the intention to give a dividend of IMPACT shares to the shareholders (excluding the controlling shareholders of DSS and the chairman’s group of companies). The proposed bonus being, for every one DSS share held, the shareholder will be entitled to a bonus of two IMPACT shares. Following that, IMPACT is to pursue an initial public offering.”