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On July 27, AEI made a Sales of Goods Agreement with Puradigm LLC to secure innovative and patented air and surface purification solutions integrated into its eco-friendly single-family home communities. AEI’s subsidiary, American Pacific Bancorp, Inc., completed a subscription agreement with Document Security Systems, Inc. (NYSE:DSS) on September 9. As a result, DSS became the majority owner of American Pacific Bancorp, acquiring 50% of its outstanding shares of common stock.
AEI’s shares have lost 40.2% in price over the past three months and 77.9% over the past six months. Moreover, hedge funds don’t have a meaningful investment in the stock. So, AEI’s near-term prospects look bleak.
