Dss, Inc. · AMEX:DSS
Dss — Document Security Systems — Proxy Contest (November 2019)
23 slides from Dss's proxy contest presentation, Nov 26, 2019
Slide 1: The Concerned Shareholders of Document Security Systems
The Concerned Shareholders of Document Security Systems November 25, 2019
Slide 2: Disclaimer
Disclaimer This presentation is for discussion and general informational purposes only. It does not refer to the specific investment objective, financial situation, suitability, or the particular need of any specific person who may receive this presentation and should not be taken as advice on the m
Slide 3: Executive Summary
Executive Summary > DSS has underperformed every major stock index in the United States over the short and long term, as well as underperforming in the printing space, its only major source of revenue. In the last 6 months DSS has lost 70% of market value. > Chairman Heng Fai Ambrose Chan (“Chairman
Slide 4: Executive Summary
Executive Summary > Donotbe misled! This is NOT a new Board and NOT a new executive management team. Five board members have resigned since DSS entered into the highly dilutive stock offerings. While they did not claim they left for any specific disagreements, shareholders should ask themselves how
Slide 5: DSS's Board has Overseen Sustained Stockholder Value Destruction
DSS’s Board has Overseen Sustained Stockholder Value Destruction 1-, 3-, 5- and 10-Year Total Shareholder Return’ 1-Year 3-Year 5-Year 10-Year DSS -63.9% -57.2% 85.9% -96.3% NYSE 10.87% 24.2% 21.9% 89.7% Nasdaq 22.2% 58.2% 80.8% 297.0% DSS has substantially underperformed over the past 1-, 3-, 5-, a
Slide 6: DSS was trading above $1 a share in May 2019 and chose to do a dilutive offering
DSS was trading above $1 a share in May 2019 and chose to do a highly dilutive stock offering at a greater than a 50% discount to market value Rather than selling assets or utilizing other ways to raise capital, DSS in Q2 chose to place 11,200,000 shares at $0.50, which was a huge discount to the th
Slide 7: The Most Recent November 1st Stock Offering
The Most Recent November 1* Stock Offering * The DSS board approved, a mere four months thereafter and after watching the share price drop by an additional 40% after the over 50% decrease in stock price following the June offering, another self-serving issuance of 6 million shares to Mr. Chan at a n
Slide 8: Document Security Systems is Heavily Concentrated in One Space
Document Security Systems is Heavily Concentrated in One Space DSS is comprised of 5 segments plus Corporate; Packing & Printing (85% of revenue) Plastic Group Digital Group Technology Management — patent monetization program International a PoON >
Slide 9: DSS Board Has Overseen a Major Deterioration in Revenues
DSS Board Has Overseen a Major Deterioration in Revenues * As per DSS’s Q3 Report, revenue from the printed products business in Q3, which represents 85% of DSS total revenue, decreased approximately 20%. * Their net losses for this same period increased more than 203% from $412K in 2018 to $1.25M i
Slide 10: How can DSS claim it is Exiting its IP Business in a November Press Release
How can DSS claim its Exiting its IP Business in a November Press Release ... WHEN ACCORDING TO ITS Q3 REPORT IN MID-SEPTEMBER ON THREE CONSECUTIVE DATES, DSS FILED PATENT INFRINGEMENT LAWSUITS AGAINST THREE COMPANIES? From Q3... “To date, most of settlements or payments received from defendants hav
Slide 11: Board Approved a Highly Dilutive Stock Option Plan
Despite the Dilution Caused by the Recent Stock Offerings, the Board Approved a Highly Dilutive Stock Option Plan and Wants You to A The DSS Board is asking Shareholders to approve a highly dilutive stock option plan that will allocate 20% of the outstanding shares EACH YEAR for the next TEN YEARS!
Slide 12: The Current DSS Nominees are Not Independent and have Ties to Chairman Chan
The Current DSS Nominees are Not Independent and have Ties to Chairman Chan DSS 2019 Proxy Statement “Each of Lo Wah Wai, John Thatch, Sassuan Lee, Jose Escudero and William Wu were recommended for election by the Company’s Chief Executive Officer, Chairman of the Board and/or the Nominating and Cor
Slide 13: The Current DSS Board is Not Independent and have Ties to Chairman Chan
he Current DSS Board is Not Independent and hav es to Chairman Chan The company claims Jose Escudero is independent but here he is listed as part of the management team (with DSS CEO Frank Heuszel) at Chairman Chan’s Liquidvalue Development PowerPoint Presentation http:/Awww.lvd.sq/Design%20Summary
Slide 14: The Current DSS Board is Not Independent and have Ties to Chairman Chan
The Current DSS Board is Not Independent and have Ties to Chairman Chan The company claims Sassuan (Samson) Lee is an independent director but here he is on the core team of STOGlobal X with Chairman Chan C & stoglobacom "Oo: 1a Stn Ae (tga ig Nesomnp STOGLOBALX ae ee ee a Core Team Blending deep ex
Slide 15: The Current DSS Board is Not Independent and have Ties to Chairman Chan
The Current DSS Board is Not Independent and have Ties to Chairman Chan We believe shareholders have a right to ask whether William Wu Wai Leung has any ties to Chairman Chan?
Slide 16: The Current Board is Not Independent and has ties to Chairman Chan
The Current Board is Not Independent and has ties to Chairman Chan EVEN THE CEO HAS TIES TO CHAIRMAN CHAN... * According to the 2019 Proxy Statement, the Company’s current CEO, Frank Heuszel, joined the board as an “independent director” and “served as Chair of the Audit Committee” while the company
Slide 17: A Diverse Slate of Experienced & Accomplished Individuals
A Diverse Slate of Experienced & Accomplished Individuals J. Marvin Feigenbaum, age 69, serves, since October 2014, as the Chief Executive Officer of Group F Holdings LLC, which provides general business consulting services and has historically invested in financially distressed companies. From 2002
Slide 18: A Diverse Slate of Experienced & Accomplished Individuals
A Diverse Slate of Experienced & Accomplished Individuals Giles Hunt, age 64, has been, for over 30 years, an independent investor and has, through a career spanning over 30 years, advised clients on acquisitions and capital raising efforts. Mr. Hunt has been the CEO at Lanikai Financial from Januar
Slide 19: A Diverse Slate of Experienced & Accomplished Individuals
A Diverse Slate of Experienced & Accomplished Individuals Jay P. Moskowitz, age 75, is the COO, International Operations of Neogrid, SA, a Brazilian software development company, a position he has held since January 2016. NeoGrid is an industry leader providing digital B2B supply chain management so
Slide 20: A Diverse Slate of Experienced & Accomplished Individuals
A Diverse Slate of Experienced & Accomplished Individuals Sherman Lee, age 60, has been, since October 2010, an Engineering Design Consultant for FMJ Storage, Inc., which designs high reliability NAND and NOR flash-based storage products for the Industrial and military storage markets. In addition h
Slide 21: The Concerned Shareholders Have a Plan to Greatly Increase Shareholder Value
The Concerned Shareholders Have a Plan to Greatly Increase Shareholder Value * The Concerned Shareholders have nominated a slate of highly-qualified individuals each witha particular skill set that is highly relevant to DSS. We believe that collectively, our ethnic and gender diverse slate, offers D
Slide 22: The Concerned Shareholders Plan for the First Days
The Concerned Shareholders Plan for the First 100 Days * The slate of nominees proposed by the Concerned Shareholders would review in a very detailed manner each existing division and decide which ones to grow and which ones to eliminate to raise additional non-dilutive capital. ¢ Name a new Executi
Slide 23: Contacts / How to Vote the BLUE Proxy
Contacts / How to Vote the BLUE Proxy Saratoga oe Saratoga Proxy Consulting 520 8th Avenue, 14th Floor New York, NY 10018 (212) 257-1311 Shareholders call toll free at (888) 368-0379 Email: info@saratogaproxy.com Only your latest date vote counts. If you have already voted a white proxy from the com
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