Chan Heng Fai Ambrose, the gentleman running DSS has been firing and hiring and positioning the company for a launch of products that appears to have the ability to send their net income into the hundreds of millions very soon. How soon? We are about to find out !!!
As far as StrikeForce's part, Mark is very accurate on projections of events in their control and stated that they would be delivering the keyboards ordered by DSS in mid July to August. Well ... IT IS August !!!
In observing DSS, no grass grows under Chan Heng Fai Ambrose (SEE BELOW), IT JUST DOES NOT HAPPEN !!! So, What’s next ? Testing, Launch and Revenues ! I for one, am excited because DSS has nearly 20 million subscribers currently and DSS feels the majority of these are going to opt into using ACS/SFOR's software, so much so that they have payed StrikeForce and ACS, for products and assistance, nearly a million dollars for the right to sell and the development of the keyboards needed for China and South Korea. How many of the 20 million will take ACS's new software package? How many devices will each subscriber and their average family have and protect? 20 Million Subscribers and their 2 family members may each have a phone, a tablet and a laptop. We could be looking at up to 180 million devices. And DSS's plans are to offer these products to literally, more than 2 billion people.
Note below how fast - Chan Heng Fai Ambrose, is pushing DSS to be ready for what is about to happen!
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 6)
DOCUMENT SECURITY SYSTEMS, INC.
Item 5. Interest in Securities of the Issuer
a) On July 23, 2019, the Issuer issued the Stock Award to the Reporting Person, pursuant to the Plan, in consideration for the Reporting Person’s services as Executive Chairman of the Issuer and Executive Chairman and Chief Executive Officer of the Issuer’s subsidiary. Personal ownership by reporting person Heng Fai Ambrose Chan: 2,077,682 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Heng Fai Holdings Limited: 1,786,531 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate BMI Capital Partners International Limited: 500,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Hengfai Business Development Pte. Ltd.: 683,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate LiquidValue Development Pte Ltd: 446,428 shares of Issuer’s common stock.
c) Each of the transactions described in this Item 5 were reported on Forms 4 filed by the Reporting Person filed with the SEC pursuant to Section 16 of the Act and are available on the SEC’s website at www.sec.gov. The information reported in such filing is expressly incorporated herein.
The following appear to be nearly all new people to DSS:
SEC Filings for DSS
4 Insider Buy/Sell 7/25/2019 Lo Wah Wai 40,767
4 Insider Buy/Sell 7/24/2019 Chan Heng Fai Ambrose 2,077,682
4 Insider Buy/Sell 7/24/2019 SANDERS JOSEPH L. 684,970
4 Insider Buy/Sell 7/24/2019 Scott Brett L 30,575
4 Insider Buy/Sell 7/24/2019 DelGiorno Daniel 40,767
4 Insider Buy/Sell 7/24/2019 Grady Jason 74,770
4 Insider Buy/Sell 7/24/2019 Heuszel Frank D 74,770
4 Insider Buy/Sell 7/24/2019 Grisham Stanley V. 30,575
4 Insider Buy/Sell 7/24/2019 THATCH JOHN 30,575
4 Insider Buy/Sell 7/24/2019 Avallone Pamela 30,575
3 New Insider 7/18/2019 Grady Jason Chief Operating Officer
As far as StrikeForce's part, Mark is very accurate on projections of events in their control and stated that they would be delivering the keyboards ordered by DSS in mid July to August. Well ... IT IS August !!!
In observing DSS, no grass grows under Chan Heng Fai Ambrose (SEE BELOW), IT JUST DOES NOT HAPPEN !!! So, What’s next ? Testing, Launch and Revenues ! I for one, am excited because DSS has nearly 20 million subscribers currently and DSS feels the majority of these are going to opt into using ACS/SFOR's software, so much so that they have payed StrikeForce and ACS, for products and assistance, nearly a million dollars for the right to sell and the development of the keyboards needed for China and South Korea. How many of the 20 million will take ACS's new software package? How many devices will each subscriber and their average family have and protect? 20 Million Subscribers and their 2 family members may each have a phone, a tablet and a laptop. We could be looking at up to 180 million devices. And DSS's plans are to offer these products to literally, more than 2 billion people.
Note below how fast - Chan Heng Fai Ambrose, is pushing DSS to be ready for what is about to happen!
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 6)
DOCUMENT SECURITY SYSTEMS, INC.
Item 5. Interest in Securities of the Issuer
a) On July 23, 2019, the Issuer issued the Stock Award to the Reporting Person, pursuant to the Plan, in consideration for the Reporting Person’s services as Executive Chairman of the Issuer and Executive Chairman and Chief Executive Officer of the Issuer’s subsidiary. Personal ownership by reporting person Heng Fai Ambrose Chan: 2,077,682 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Heng Fai Holdings Limited: 1,786,531 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate BMI Capital Partners International Limited: 500,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate Hengfai Business Development Pte. Ltd.: 683,000 shares of Issuer’s common stock, par value $0.02 per share.
Ownership by affiliate LiquidValue Development Pte Ltd: 446,428 shares of Issuer’s common stock.
c) Each of the transactions described in this Item 5 were reported on Forms 4 filed by the Reporting Person filed with the SEC pursuant to Section 16 of the Act and are available on the SEC’s website at www.sec.gov. The information reported in such filing is expressly incorporated herein.
The following appear to be nearly all new people to DSS:
SEC Filings for DSS
4 Insider Buy/Sell 7/25/2019 Lo Wah Wai 40,767
4 Insider Buy/Sell 7/24/2019 Chan Heng Fai Ambrose 2,077,682
4 Insider Buy/Sell 7/24/2019 SANDERS JOSEPH L. 684,970
4 Insider Buy/Sell 7/24/2019 Scott Brett L 30,575
4 Insider Buy/Sell 7/24/2019 DelGiorno Daniel 40,767
4 Insider Buy/Sell 7/24/2019 Grady Jason 74,770
4 Insider Buy/Sell 7/24/2019 Heuszel Frank D 74,770
4 Insider Buy/Sell 7/24/2019 Grisham Stanley V. 30,575
4 Insider Buy/Sell 7/24/2019 THATCH JOHN 30,575
4 Insider Buy/Sell 7/24/2019 Avallone Pamela 30,575
3 New Insider 7/18/2019 Grady Jason Chief Operating Officer
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