Replies to post #4565 on Alset Inc (AEI)

[BeasTrader]

Page 6

Effect of the Issuance Proposal on Current Stockholders



If the Issuance Proposal is adopted, the issuance of such Shares would result in dilution to our stockholders, and would afford our stockholders a smaller percentage interest in the voting power, liquidation value and aggregate book value of the Company. Our common shares outstanding as of April 14, 2022 was 113,187,898, and will increase to 148,507,188 common shares following the issuance of our shares to Mr. Chan.

[powerbattles]

I don't think his mind can comprehend the financials statement. I vote yes for all 3 items

1. To approve, in accordance with NASDAQ Listing Rule 5635(a), the issuance of 35,319,290 newly issued shares of the Company’s common stock in connection with the purchase of 293,428,200 ordinary shares of Alset International Limited from Chan Heng Fai, the Company’s Chairman, Chief Executive Officer and largest stockholder (the “Issuance Proposal”);

2. To approve the reincorporation of the Company in Texas and the change of the Company’s name to “Alset Inc.” (the “Reincorporation Proposal”); and

3. To ratify the appointment of Grassi & Co., CPAs, P.C. as our independent registered public accounting firm for the year ended December 31, 2021 (the “Ratification of Auditor Proposal”).