Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
JPEX merger?
https://veemost.com/
Look at partners section on home page
INQD update..
Company all set for merger,
Cross-border US-Asia target?
So virus delaying disclosure??
Base holds strong meanwhile..
Patience may reward the bold!
INQD share structure...
OS 186M / AS 3B (01/02/2020)
www.otcmarkets.com/stock/INQD/security
Market cap ~$242K
Convertible notes ~$850K (09/30/2019)
Technicals indicating little to no note conversions in recent weeks
Management and 3rd parties spent the last several months cleaning house, cutting costs, and reducing debt
New 2020 business plan to vertically integrate across Cannabis space
New international PCAOB auditing firm, offering services in U.S and Asia
Mergers & acquisitions pending...
Potential client of WSGF...
Look at the photo caption "Vaycaychella Client In Havana, Cuba" in this PR
https://www.wsgfinc.com/vaycaychella
Same exact photo can be found in the picture section of this luxury villa
https://www.mactourismtravel.com/apartments/king-luxury-villa-frontbeach-havana-tarara-beach/
Does that suggest "Mac Tourism" is a client of Vaycaychella?
As it happens, it also provides sports and entertainment tours..
Related history of UNRG...
Sam Smith previously tried to reverse merge his O&G assets into several other shells:
His 1st attempt was through the merger of Striper Wells LLC into Insight Management Corporation (CPCC) in July 2015
https://backend.otcmarkets.com/otcapi/company/financial-report/150939/content
CPCC was then suspended by the SEC in May 2016 due to a lack of current and accurate information about the company
https://www.otcmarkets.com/stock/CPCC/news/SEC-Suspension-of-Trading?id=131154
CPCC was later found to have been suspended due to fraudulent practices from a securities lawyer, Mustafa David Sayid, who orchestrated taking control of this shell and rigging it and its securities for use in market manipulation schemes for his personal profit
https://www.sec.gov/litigation/litreleases/2017/lr23805.htm
Sam Smith was unaware of these fraudulent activities, as explained in this petition from his securities lawyer John Lux
https://www.sec.gov/litigation/apdocuments/3-17250-event-5.pdf
His 2nd attempt to reverse merge was through Pilgrim Petroleum Corp (PGPM). Sam took over PGPM as Chairman and CEO on June 29 2017
https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-announce-a-board-of-directors-restructuring-and-appointing-a-new-CEO-and-Chairman-and-upda?id=163555
PGPM was then suspended by the SEC on June 30 2017 due to a lack of current and accurate information about the company
https://www.otcmarkets.com/stock/PGPM/news/SEC-Suspension-of-Trading?id=163636
Sam Smith took over PGPM the day before it was suspended, and it appears the reason for suspension was possibly due to information disclosure malpractices by previous management prior to him taking over the shell.
Third time lucky with a clean shell UNRG?
Potential strategy of UNRG...
Sam Smith has made down market acquisitions
https://angel.co/company/striper-energy
The oil price collapse (from mid 2014 to early 2016) drove mid-market and small producers into depression. The market was flooded with "an abundance of proven reserves, equipment and rights at pennies on the dollar".
Sam Smith has acquired these discount assets with "a current inventory of better than 100 wells", and the ability to "produce Oklahoma Sweet Crude for roughly $18 p/barrel".
Market price for OK Sweet Crude is $50 p/barrel
https://www.oilmonster.com/crude-oil-prices/oklahoma-sweet-price/96/25
Market price ($50) / Cost of production ($18) = 60%+ Gross Margin
Potential assets of UNRG...
Sam Smith has several entities operating wells:
https://www.occeweb.com/og/R97OPER.pdf
Operator Number: 23746
STRIPER WELLS LLC
Sam Smith
2112 HIGHPOINT DR
SACHSE, TX 75048
Operator Number: 23059
AOG OPERATING LLC
Sam Smith
12444 NW 10TH ST
YUKON, OK 73099
Look up list of wells for each operating entity:
http://occpermit.com/WellBrowse/Home.aspx
Operator #23746 has 100+ active wells
Operator #23059 has 60+ active wells
UNRG new management..
Sam Smith CEO https://www.linkedin.com/in/sam-smith-7b2a615/
Steve Wagoner CFO https://www.linkedin.com/in/stevewagonercpa/
Brian Guinn CIO https://www.linkedin.com/in/bguinnhome/
All connected to Rig Worx Inc https://rigworxinc.com/about-us
Revenues of NGEN could certainly grow to $200M for 2019.. to the extent sales are consistent throughout the year, rather than being front end loaded.
Either way, great to see such scale of "actual" $92M revenues / $4M profits in the Pink market.. Today's market cap of approx $4m (0.04x sales / 1x profits of H1 2019) seems grossly undervalued.
Revenue projections of LIBE (aka NGEN)...
Check out slide 25 in this "silencer/muffler" product overview
https://ngen-tech.com/wp-content/uploads/2019/08/NGEN_Silence_of_low_backpressure-compressed.pdf
Today's super 8K appears to confirm that they are on track to hit (or even beat) their $97M sales projection for 2019.. then onwards and upwards to projections of $135M sales for 2020 and $170M sales for 2021.
As for that manufacturer in Grass Valley CA..
In 2017, TruSteel became the title for the company Van Lenten now runs as the Chief Technology Officer and head of Research and Development. The company, with about 15 employees who all live in Nevada County, sells falling film evaporators, or machines that extract solvents, specifically for the cannabis industry.
The team of 15, however, doesn’t just build evaporators, they also operate as consultants, aiding their customers design a lab, pick out equipment and source different items.
While TruSteel gets its parts from all over the world, including Italy, China, and Germany, its products are assembled and sold from Grass Valley, which has some local residents excited.
TruSteel has now sold 40 to 50 units which are priced anywhere between $100,000 to $1.3 million per product
Last year, TruSteel made about $4.5 million in sales. In 2019, they have a goal of reaching $45 million.
Source (February 2019)
TruSteel manufactures for providers of extraction equipment, systems and performance solutions, such as Vanguard Scientific Systems.
Source (November 2018)
If Proscere Bioscience (SIML) actually exists.. It does appear that it would be a competitor of Vanguard, and could potentially source some extraction systems from TruSteel as well
Blind estimation of SIML's dilution risk...
In today's 10Q, it states OS is 303,958,932 as of August 12 2019
In recent PR, it states OS is 238,061,018 as of July 22, 2019
i.e. 65,897,914 shares converted over the past 3 weeks
Let's assume they converted at average price of $0.008
i.e. 65,897,914 shares x $0.008 = $527,183 converted
In the same PR, it states the value of notes is $1,131,683
And Company intends to prepay $466,891 before maturity
Hence, in theory, the estimated value of remaining notes..
$1,131,683 - $466,891 prepay - $527,183 converted = $137,609
With regard to that SIML statement...
"1M lbs of biomass on a monthly basis"
i.e. 12M lbs of biomass processed annually
Let's assume 10% of biomass extracts into CBD
12M lbs of biomass is 1.2M lbs of CBD per year
1.2M lbs is over 540,000 kgs of CBD per year
Needless to say, impressive volume.
Latest DD update on GRPS...
Dr. Miller, CEO of XYZ Hemp said, “One key facet of our success is the proprietary nanotization process. By breaking down the molecular structure, we have been able to enhance the full-spectrum CBD and make it more efficient and less costly by reducing the amount of CBD by nearly 90% in order to attain the same effect. This enhanced efficacy is how we are able to maintain the taste of the products (juice, beer, water etc) while facilitating the maximum amount of CBD efficacy.”
The relationship with Apple Rush provides enhanced opportunities for the marketing of XYZ Hemp’s expanding number of products, through their existing retail resources.
XYZ Hemp will soon announce the engagement of a very prominent and extremely successful developer of nutraceuticals, joint venturing with Dr. Goulding in the creation of various compelling products to soon be launched.
https://www.otcmarkets.com/stock/RSHN/news/RushNet-Inc-RSHN-XYZ-Hemp-Inc-GRPS-and-Apple-Rush-Company-Inc-Succeed-in-its-Testing-of-CBD-Enhanced-Juice-and-Other-Pro?id=213051
Latest DD package on LCLP...
SEC 8K Form disclosed today
Life Clips Inc. has entered into a letter of intent to acquire certain assets of Vidbox Mexico.. It is anticipated that the closing of the transaction will be on or about November 20, 2018.
https://www.otcmarkets.com/filing/html?id=13011644&guid=N8_MUnFS3bGIR3h
Overview of VidBox Mexico
https://www.slideshare.net/Vidbox/vidbox-overview
Other Insights into VidBox
Vidbox Mexico is bringing the success of Redbox to Mexico, with a dream management team including previous Redbox executive management.
The company obtained an license and non-compete from Redbox for Mexico.
The company has 100,000 customer actively renting from over 350 machines placed in key accounts in 17 cities, such as Wal-Mart, Soriana, 7-Eleven, Calimax, Farmacias Roma and more.
Vidbox is a fully automated video rental store kiosk contained in 12-square feet of retail space, featuring up to 200 titles and 950 discs.
Vidbox brings the rental experience closer to the consumer where they already shop at a third of the price of the competition. Vidbox has already acquired the 4,000 machines necesary to roll-out the business plan nationwide in Mexico.
Source: https://www.linkedin.com/in/sandropiancone/
Latest RM timeline of CYPE…
1. Effective May 24, 2018, Mr. Arcaro resigned his executive positions as President/Chief Executive Officer, Secretary, Treasurer/Chief Financial Officer and sole member of the Board of Directors. Simultaneously, effective May 24, 2018, Mr. Arcaro appointed the following individuals: Mandla J. Gwadiso as the President/Chief Executive Officer and sole member of the Board of Directors.
2. On May 24, 2018, Gwadiso submitted his resignation to the Board of Directors and on May 25, 2018 the resignation was accepted and as his last act appointed Erroll A. Booker as Director and CEO and Cletus M. Ibeto as Chairman to the Board.
3. On May 26, 2018 the shareholders holding a majority of the total issued and outstanding shares approved the change in corporate name to “Ibeto Cement International Corporation” and to change the state of Domicile from Nevada to Florida.
4. On May 30, 2018 the Articles of Incorporation and Certificate of Conversion was filed with the Florida Secretary of State. The foregoing description of the Certificate of Amendment to the Articles of Incorporation is qualified in its entirety by reference to the text of the Amendment attached as Exhibit 3.1 to this Form 8-K and incorporated herein by reference.
5. On June 4, 2018 the Certificate of Dissolution was filed with the Nevada Secretary of State.
6. On June 27, 2018 The Company submitted initial documents to the Financial Industry Regulatory Authority ("FINRA") regarding this name change. FINRA is still reviewing the Company's submissions. The Company will announce the completion of FINRA's review and the effectiveness of the name change by filing a subsequent Form 8-K.
7. On July 3, 2018 the company was notified the Securities and Exchange Commission issued a 10- day trading suspension on the Company’s common shares of stock.
8. On July 5, 2018 DTCC imposed a “Global Lock” on the Company’s common shares suspending all book entry services.
It is the full intent of the Company to cooperate with all regulatory agencies and move forward.
Source: SEC 8K filing today https://www.otcmarkets.com/filing/html?id=12983427&guid=2crZUaSmWjv92yh
Latest RM timeline of CYPE...
Jan-Feb 2018 - Corporate Entity Reinstatement/Revival
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=cIf8REygw%252bJnH91xY%252fQmpQ%253d%253d&CorpName=CENTURY+PETROLEUM+CORP.
Mar-May 2018 - Filings for Current OTC Alternative Reporting
https://www.otcmarkets.com/stock/CYPE/disclosure
May 25 2018 - Ibeto Cement Merger and New Chairman Announcement
https://www.otcmarkets.com/stock/CYPE/news/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman?id=193646
May 26 2018 - Attorney Letter with Respect to Current Information
https://backend.otcmarkets.com/otcapi/company/financial-report/194487/content
May 29 2018 - New CEO to Management and Board Announcement
https://www.otcmarkets.com/stock/CYPE/news/The-New-Chairman-of-Century-Petroleum-Appoints-a-New-Chief-Executive-Officer?id=193875
June 4 2018 - Preparing Form 10 filing and Hiring New PR firm
https://www.otcmarkets.com/stock/CYPE/news/story?e&id=1099122
What might possibly happen next?
Ibeto Cement said in a statement on June 3 2018, "this reverse merger which is expected to be sealed and publicly presented in 90 days, Ibeto Cement will achieve the historic milestone of being the first Nigerian firm to be (up)listed to the United States Stock Exchange."
http://thenationonlineng.net/ibeto-cement-acquires-u-s-oil-firm/amp/?__twitter_impression=true
The CYPE merger announcement from May 25th states that "further details of the Proposed Transaction will be included in subsequent news releases and disclosure documents (which will include business and financial information in respect of Ibeto Cement Company Limited) to be filed by the Company in connection with the Proposed Transaction"
https://www.otcmarkets.com/stock/CYPE/news/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman?id=193646
Palewater-Milost is also involved in the RM process of WSML shell. In early March 2018, they made their first announcements (including merger talks with Nigerian businesses) which marked the launch of a marketing campaign with 18 x PRs in 3 months (90 days) through to end of May 2018 - including info on mergers, new management and board members, SEC form 10 registration, audits for SEC reporting, etc
https://www.otcmarkets.com/stock/WSML/news
If history repeats itself, it is possible CYPE is in the early stages of launching a similar marketing/IPO campaign (driven by Milost-Palewater) that will deliver PRs/filings to elevate the share price over the coming weeks and months - for instance, what happened to WSML => went up 10x from $0.025 on March 9 2018 (the day of first PR) to $0.30 today.
Latest RM timeline of CYPE...
Jan-Feb 2018 - Corporate Entity Reinstatement/Revival
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=cIf8REygw%252bJnH91xY%252fQmpQ%253d%253d&CorpName=CENTURY+PETROLEUM+CORP.
Mar-May 2018 - Filings for Current OTC Alternative Reporting
https://www.otcmarkets.com/stock/CYPE/disclosure
May 25th - Merger and New Chairman Announcement with Ibeto
https://www.otcmarkets.com/stock/CYPE/news/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman?id=193646
May 26th 2018 - Attorney Letter with Respect to Current Information
https://backend.otcmarkets.com/otcapi/company/financial-report/194487/content
May 29th 2018 - Announcement of New CEO to Management and Board
https://www.otcmarkets.com/stock/CYPE/news/The-New-Chairman-of-Century-Petroleum-Appoints-a-New-Chief-Executive-Officer?id=193875
What might possibly happen next?
Palewater and Milost are also involved in the RM process of WSML shell. In early March 2018, they made their first announcements (including merger talks with Nigerian businesses) which marked the launch of a marketing campaign with 18 x press releases through to end of May 2018 - including information on multiple mergers, new management and board members, financial audits for SEC reporting, SEC registrations etc
https://www.otcmarkets.com/stock/WSML/news
If history repeats itself, it is possible CYPE most recently launched a similar PR campaign that will deliver information necessary to give the market confidence to elevate the share price over the coming weeks and months - much like what happened to WSML shares which went from $0.025 on March 9th 2016 (the day of first PR) to $0.30 as of today.
The CYPE merger announcement from May 25th states that "further details of the Proposed Transaction will be included in subsequent news releases and disclosure documents (which will include business and financial information in respect of Ibeto Cement Company Limited) to be filed by the Company in connection with the Proposed Transaction"
https://www.otcmarkets.com/stock/CYPE/news/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman?id=193646
As stated in that same announcement, Ibeto acquired 70% control of CYPE - 70% x 271M OS = Ibeto owns at least 189M shares. And while not yet confirmed by any news nor filings, it is possible that Palewater and/or Milost (i.e. new CEO, Erroll Booker) also received a small chunk of shares as an incentive to successfully lead and manage the roll out of this RM process for the assets of Ibeto Cement
Milost released this PR on May 24th stating that the final acquisition of CYPE and definitive agreements have already been executed, suggesting that share ownership has been transferred to Ibeto and company
https://www.milostglobal.com/news/172-nigerian-billionaire-cletus-ibeto-closes-financing-with-a-new-york-based-pe-firm
All in all seems beneficial for the new company and its new shareholders to start attracting market interest with a stream of news and thus elevate the share price towards fair market value. In an ideal world, the price would steadily uptrend with each new release of information confirming the size and transfer of assets... such that the market cap gradually reaches FMV by the time the RM is all said and done
Latest DD package on CYPE…
Updated with data ($180/ton) from today's press
https://www.pressreader.com/nigeria/thisday/20180602/282020442978379
Short term FMV estimate = 1 x revenue potential of operating plants = $270M from Rivers Plant + $400M from Enugu Plant = $270M-$670M market cap = $420M / 271M OS = $1-2.4 per share = 5x-12x up from $0.2 today
Sources of this guesstimate...
Founded in 2001, Ibeto Cement Company Limited is a leading player in the fast-growing cement industry in Nigeria. It has a majority control of the market in the Southeast region of Nigeria. It was founded as a division of the Ibeto Group, which is worth $5 billion.
http://venturesafrica.com/innoson-ibeto-and-the-rising-men-from-nigerias-east/amp/
OPERATION
In 2005, Ibeto started producing cement in Rivers State. The production capacity of 1,500,000 tons per annum, i.e a production capacity of 4,000+ metric tons per day
http://ibeto.com/IBETO-page.asp?P=24
1.5M tons x $180 per ton = $270M revenue potential from Rivers Plant
In 2015, it signed a contract with a Chinese firm, Sinoma International Engineering, to build a $386 million cement plant in Enugu State, with capacity of 2.2 million metric tons per year.
http://www.financialnigeria.com/ibeto-cement-in-390-million-deal-with-chinese-firm-news-142.html
2.2M tons x $180 per ton = $396M revenue potential from Enugu Plant
At present, Ibeto is developing two cement plants in Nigeria – one in Ebonyi State and one in Abia State. Each of the plant is a 6,000 tons per day plant and sitting on an abundant reserve of quality limestones.
https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html
4.4M tons x $180 per ton = $792M potential from Ebonyi and Abia plants
FINANCING
Ibeto plans public listing with $850M investment deal with Milost. Ibeto has started the process of going public a reverse merger in the United States as efforts to become a publicly traded company. The Nigerian Billionaire Cletus Ibeto will personally consummate the acquisition of the publicly traded company to reverse the assets of his cement business
https://www.businesspost.ng/2018/05/24/ibeto-cement-plans-public-listing-with-850m-investment-deal-with-milost/
The public listing will allow Ibeto to raise enough capital to grow beyond west Africa through the acquisition of other profitable cement businesses outside Nigeria in next 12 months.
https://globenewswire.com/news-release/2018/05/24/1511317/0/en/Nigerian-Billionaire-Cletus-Ibeto-Closes-Financing-With-a-New-York-based-PE-Firm.html
SHARE STRUCTURE
483,000,000 AS
71,857,024 OS
45,103,024 OS restricted
26,754,000 OS unrestricted => FLOAT
Ibeto received a control block of:
200,000,000 shares restricted
200,000,000 CONTROL BLOCK + 71,857,024 OS
= 271,857,024 TOTAL OS
Source: Joe Arcaro
Latest DD package on CYPE…
Short term FMV estimate = 1 x revenue potential of operating plants = $170M from Rivers Plant + $250M from Enugu Plant = $420M market cap = $420M / 271M OS = $1.55 per share = over 400% rise from $0.35 today
Sources of this guesstimate...
Founded in 2001, Ibeto Cement Company Limited is a leading player in the fast-growing cement industry in Nigeria. It is a division of Ibeto Group, which is worth $5 billion.
http://venturesafrica.com/innoson-ibeto-and-the-rising-men-from-nigerias-east/amp/
OPERATION
In 2005, Ibeto Cemenent started producing cement in Rivers State. The production capacity of 1,500,000 tons per annum, i.e a production capacity of 4,000+ metric tons per day
http://ibeto.com/IBETO-page.asp?P=24
2.2M metric tons x $113 per metric ton (2017) = $170M revenue potential from Rivers Plant
In 2015, it signed a contract with a Chinese firm, Sinoma International Engineering, to build a $386 million cement plant in Enugu State, with capacity of 2.2 million metric tons per year.
http://www.financialnigeria.com/ibeto-cement-in-390-million-deal-with-chinese-firm-news-142.html
2.2M metric tons x $113 per metric ton (2017) = $250M revenue potential from Enugu Plant
At present, Ibeto is developing two cement plants in Nigeria – one in Ebonyi State and one in Cross River State/Abia State. Each of the plant is a 6,000 metric tons per day plant and sitting on an abundant reserve of quality limestones.
https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html
2 x 6000 = 12,000 metric tons per day = 4.4M metric tons per year
4.4M x $113 per metric ton (2017) = $490M revenue potential from Ebonyi and Cross River/Avia plants
FINANCING
Ibeto plans public listing with $850M investment deal with Milost. Ibeto has started the process of going public a reverse merger in the United States as efforts to become a publicly traded company. The Nigerian Billionaire Cletus Ibeto will personally consummate the acquisition of the publicly traded company to reverse the assets of his cement business
https://www.businesspost.ng/2018/05/24/ibeto-cement-plans-public-listing-with-850m-investment-deal-with-milost/
The public listing will allow Ibeto to raise enough capital to grow beyond west Africa through the acquisition of other profitable cement businesses outside Nigeria in next 12 months.
https://globenewswire.com/news-release/2018/05/24/1511317/0/en/Nigerian-Billionaire-Cletus-Ibeto-Closes-Financing-With-a-New-York-based-PE-Firm.html
SHARE STRUCTURE
483,000,000 AS
71,857,024 OS
45,103,024 OS restricted
26,754,000 OS unrestricted => FLOAT
Ibeto received a control block of:
200,000,000 shares restricted
200,000,000 CONTROL BLOCK + 71,857,024 OS
= 271,857,024 TOTAL OS
Source: Joe Arcaro
Latest DD package on FRFS...
In Oct 2017, Firefish (FRFS) shell was acquired in Oct 2017 by GIFA. Share structure of FRFS was amended to have 500M AS and 160M OS
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135532554
In Nov 2017, GIFA confirms acquisition of FRFS stating it will be the 2nd Turkish company to join the US Stock exchange after Turkcell
http://www.scotlandyardnews.com/gifa-joins-the-us-stock-exchange/899/
How big of a company is GIFA?
GIFA is a multinational holding company with divisions in the business & finance, media & communications, hospitality & tourism industries
https://gifaholding.com/index.html
In 2014, GIFA holdings had $22 billion assets under management and over 1,000 employees
http://www.yenibakisgazetesi.com/gifa-green-islands-finance-ltd/5978/
In 2016, GIFA ran a recap process and received offers of $700 million dollars for 30% - which implies $2.1 billion total EV of GIFA
http://www.oncevatan.com.tr/guncel/gifa-holdingden-700-milyon-dolarlik-dev-hamle-h92413.html
In 2017, GIFA invested $12 million into a new head office with room for over 300 employees
http://www.scotlandyardnews.com/gifa-holding-president-reveals-plans-for-gifa-inc-s-12m-building/1398/
GIFA's financial consultancy division employs over 200 staff and grew to gross a remarkable revenue turnover of 2 billion euros
http://www.yenibakisgazetesi.com/who-is-yusuf-kisa/27950/
GIFA advised on 18 billion euros in financing deals in 2017. It estimates closing 2018 with over 50 billion euros in deals. As of March 2018, GIFA had done in excess of 12 billion euros
http://www.haberinyoksa.com/roportaj/gifa-holdingin-2018-hedefi-50-milyar-euro-h19194.html
Latest DD package on CYPE…
Ibeto Cement Company Limited is one of the most dominant players in the fast-growing cement industry in Nigeria. It was conceived in 2001 following the Federal Government ban of the importation of cement in bags and the institution of a new policy of bulk importation and local bagging.
OPERATION
In 2005, it started producing cement in Rivers State. The production capacity of 1,500,000 tons per annum, which translates to a production capacity of 4,000+ metric tons per day
http://ibeto.com/IBETO-page.asp?P=24
2.2M metric tons x $113 per metric ton (2017) = $170M revenue potential from Rivers Plant
In 2015, it signed a contract with a Chinese firm, Sinoma International Engineering, to build a $386 million cement plant in Enugu State, with capacity of 2.2 million metric tons per year.
http://www.financialnigeria.com/ibeto-cement-in-390-million-deal-with-chinese-firm-news-142.html
2.2M metric tons x $113 per metric ton (2017) = $250M revenue potential from Enugu Plant
At present, Ibeto is developing two cement plants in Nigeria – one in Ebonyi State and one in Cross River State/Abia State. Each of the plant is a 6,000 metric tons per day plant and sitting on an abundant reserve of quality limestones.
https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html
2 x 6000 = 12,000 metric tons per day = 4.4M metric tons per year
4.4M x $113 per metric ton (2017) = $490M revenue potential from Ebonyi and Cross River/Avia plants
FINANCING
Ibeto plans public listing with $850M investment deal with Milost. Ibeto has started the process of going public a reverse merger in the United States as efforts to become a publicly traded company. The Nigerian Billionaire Cletus Ibeto will personally consummate the acquisition of the publicly traded company to reverse the assets of his cement business
https://www.businesspost.ng/2018/05/24/ibeto-cement-plans-public-listing-with-850m-investment-deal-with-milost/
The public listing will allow Ibeto to raise enough capital to grow beyond west Africa through the acquisition of other profitable cement businesses outside Nigeria in next 12 months.
https://globenewswire.com/news-release/2018/05/24/1511317/0/en/Nigerian-Billionaire-Cletus-Ibeto-Closes-Financing-With-a-New-York-based-PE-Firm.html
VALUATION
271M Outstanding Shares
https://www.otcmarkets.com/stock/CYPE/security
Today’s Market Cap = $0.41 x 271M OS = $111M
~0.1x the financing deal or revenue potential
Latest DD package on MGON...
As a complete television network with a full lineup of original programming, we expect revenues in excess of 10 million dollars for this year through The Share.TV network beginning in 3rd and 4th Quarter of 2018.
TheShare.TV is ahead of schedule and achieves increased profitability by a minimum of 327% by having its own production facility versus renting and purchasing new equipment.
The Share.TV Foundation can possibly raise millions of dollars in funding for programs distributed through The Share.TV Network channel.
Source: https://globenewswire.com/news-release/2018/04/27/1489143/0/en/MC-Endeavors-Room-21-Media-Inc-Announces-Multiple-ShareHolder-Updates-New-Studio-Final-New-Hire-New-Foundation-and-Merger-Talks-Continue.html
Back of envelope analysis...
Today market cap = 150/M OS x $0.03 = $4.5M
Valuation is less than 0.5x 2018 revenue
How much impact will Chery alliance have on financials?
Soon see the results of DD we all found over a year ago..
ZJMY partnered up with Chery (dba Kaiwing) to develop an electric SUV with operating range 500 kilometers, and 60 kilometers constant speed range of 640 kilometers. It is currently the longest-running electric car in the list of new energy vehicles of the Ministry of Industry and Information Technology.
The electric SUV adopts a battery charge-and-change combination system. To meet the continuous operation of the system, the establishment of a charge-and-sweep operation company led by ZJMY has started the construction of a change station in Tianjin, Henan and Wuhu. Three cities operating as model cities.
The car has entered the mass production stage and is applying for a catalog of new energy vehicles. It is expected to be listed in July next year, and the price will be 288,000 yuan.
The target group of the Chery Kaiwing V3 electric vehicle is private car users and online dating car users. At present, it has signed an intentional order of about 100,000 vehicles with a car company in China.
http://www.glzh.net/h-nd-56.html#_np=158_647 (From Dec 2016)
P.S. Back of the envelope..
288,000 yuan = 45,125 dollar
$45K per car x 100,000 order = $4.5 billion revenues
.. Wonder how much of a cut ZJMY has received for supplying batteries and support systems to this multi-billion dollar alliance!
Probably not billions, but perhaps tens if not hundreds of millions.
Latest RM timeline...
1. Custodianship Granted - January 29th 2018
https://backend.otcmarkets.com/otcapi/company/sec-filings/12571045/content/html
2. Entity Reinstatement - January 31st 2018
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=BlZIRXRcgb5vSQ3spmfPTA%253d%253d&CorpName=RARUS+TECHNOLOGIES+INC.
3. Custodianship Termination - May 1st 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140443689
4. Disclosure Filings - May 3rd 2018
https://www.otcmarkets.com/stock/RARS/disclosure
5. Attorney Letter - May 3rd 2018
https://backend.otcmarkets.com/otcapi/company/financial-report/192423/content
6. Pink Current - May 5th 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140579913
7. Merger Announcement - Next?
Latest DD package on ESYL...
ESYL shell has been taken over by new officers - including Asaf Azulay (President) whose principal office is located at 58 Derech Akko, Kiriat Bialik, Israel.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Asg0GUFKetlQDGlEWnFDGQ%253d%253d
Asaf Azulay is said to be one of the founders of OMC Group, which is based at the above mentioned office address in Israel (see "About Us" and "Contact Us" sections of the website below). OMC Group is a holding company that operates various subsidiary companies with activities in IT consulting, cloud computing, internet, software development and real estate.
http://www.omc.co.il/omcgroup/eng
To name a few of OMC's subsidiaries...
1 - ClubVPS provides IT services to tens of thousands of customers, hundreds of thousands of websites and millions of users worldwide. ClubVPS expanded its business overseas and established localized 12 data centers that is adopted to the domestic needs of customers in North America (New York, Texas, California), Europe (Amsterdam, London, Frankfurt), Asia (Hong Kong) and the Middle East (5 x data centers in Israel).
https://www.clubvps.com/about.php?id=sc_about&menuid=vpsabout
2 - Gorlicki Network Solutions (GNS) specializes in cloud computing services. In 2012, GNS invested over NIS 4 million (i.e. USD $1 million) in cloud servers, backup systems, storage and data security (source). It has become a market leader with the largest cloud computing capacity - 33% market share - relative other providers in Israel (slide 3 of this deck). GNS customer list includes the likes of Coca Cola, Sodexo, and The Publicis Group (slide 5 of this deck).
http://www.gns.co.il/eng/Why-GNS%7Cfq%7C
3 - ReutOne is a CRM consulting provider with over 28 years of experience, over 1,200 projects, and about 15,500 users.
http://www.reutone.com/reutone/
4 - Tyco is a website design and development provider that has worked on hundreds of projects, from start-ups to public companies.
https://www.tyco.co.il/
5 - CST 360 is a cyber security provider which was acquired by OMC Group in 2012 (Source). It was formerly known as Or-Tech.Net, but since rebranded to CST 360.
http://www.cyberteam360.com/
All in all...
There appears to be a lot of potential meat on the bone of this RM play!
P.S. Recent 8K filing signals a potential intention for the company to become SEC compliant and ultimately uplist to a big board.
https://www.sec.gov/Archives/edgar/data/1346848/000170745118000015/0001707451-18-000015-index.htm
GIFA's 2018 targets are huge...
"We successfully provided 18 billion euros credit counseling service that we have set as a target for 2017. We estimate that we will close 2018 with a figure of over 50 billion euros... We are in March, and the deals we made are in excess of 12 Billion Euros. Our company grows day by day and GIFA is now an international brand"
http://www.haberinyoksa.com/roportaj/gifa-holdingin-2018-hedefi-50-milyar-euro-h19194.html
If we assume a GIFA consulting fee of 2-5% for arranging these financing transactions.. that results in roughly $360-$900 million revenues for 2017 and a projected $1-2.5 billion revenues for 2018
FRFS = 160M Oustanding Shares x 0.06 price = $9.6M market cap
Valuation = 0.01-0.03x 2017 revenue or 0.004-0.01x 2018 revenue
Note: this includes 1 out of 20 divisions under the GIFA name
Such deep discount is a rare find.
DSGT is looking ripe for a notable upside correction…
DSG Global, Inc. (DSGT) expects to generate 300% more than the 2016 full year revenues of $1.17M, resulting in over $3M revenues for 2017
http://www.marketwired.com/press-release/dsg-global-gives-new-financial-insights-to-2017-growth-otcqb-dsgt-2220936.htm
DSG Global, Inc. (DSGT) generated over $3M in written and verbal commitments at recent PGA trade shows from 97 different golf courses
https://globenewswire.com/news-release/2018/03/06/1415564/0/en/DSG-Global-Inc-Generated-over-3-Million-in-Written-and-Verbal-Commitments-at-Recent-PGA-Trade-Shows-from-Ninety-Seven-Different-Golf-Courses.html
Outstanding Shares 666M x price $0.0025 = $1.6M market cap
https://www.otcmarkets.com/stock/DSGT/security
That puts valuation at roughly 0.5x 2017 revenues of $3M+
And now notes are almost, if not already, fully converted…
Is there enough breathing room on the ask for a correction?
Historical valuation (2017 revenues – 300% growth):
1 x $3M sales = $3M market cap / 666M OS = $0.0045 (up 80%)
2 x $3M sales = $6M market cap / 666M OS = $0.0090 (up 260%)
Forward valuation (2018 revenues – 100% growth):
1 x $6M sales = $6M market cap / 666M OS = $0.0090 (up 260%)
2 x $6M sales = $12M market cap / 666M OS = $0.018 (up 620%)
Fundamentally strong risk/reward, let alone record volumes!
A/D arose on Friday, perhaps signalling a great week ahead…
Very nice find! Thank you, Sky.
GIFA getting their ducks in order
Their web developer looks legit...
http://atabilisim.pro/index.html
Here's some of their work product:
http://www.ozmerhan.com/index.html
http://www.nurelgroup.net/
Can't wait to see new GIFA look!
JBZY will be remembered much like BIDU...
In 2000, Baidu had a total of 8000 shareholders who were funding the company in anticipation of the sought-after listing to a public stock exchange. By 2003, the company was still not listed, and so shareholders began to worry whether the company would ever go public?
Skeptics began to claim that Baidu's CEO was a scam artist, and went as far as to report him to the government and have the CCTV broadcast to the nation that Baidu was engaging in pyramid schemes and illegal fundraising activities.
Shareholders saw the CCTV report, and as a result, 7800 of them chose resolutely to abandon Baidu.. Leaving only 200 shareholders behind, all of whom vowed to follow Baidu through to the end.
Needless to say what happened next?
Well, Baidu went public on the NASDAQ in 2005.. making many of those 200 die-hard shareholders into millionaires!
http://www.jingtezmt.com/baorun/wap_doc/6605285.html
Gypsy (JBZY) Kings in da FRFS haus!
Where there be diamonds in the rough..
They be hanging and mining in the mud.
Patiently digging there and waiting for...
GIFA phoenix to arise from FRFS ashes!
It may not only fly far up into blue skies..
But also even make it into outer space?
The potential is truly astonishing here
So obvious that there is nothing to show for it! If you would be so kind as to provide some JBZY-specific data to support this most obvious of cases, I'd be more than happy to modify the scenario analysis
What is the implication of the Reverse Split?
On Thursday this past week, a change was made to the state filing history of JBZY (see History section)
The latest filing announced (i) a Reverse Split of Common Shares; and (ii) No Split of Preferred Shares
JBZY has a total of 2 billion Authorized Shares, broken down in approximation...
- 850 million Outstanding (Common) Shares
- Preferred Shares convertible into 1.15 billion Outstanding (Common) Shares
So let's look at the implication of the filing on the share structure of the stock...
(i) Reverse Split of Common Share
a 100:1 stock split = 1 million shares splits into 10,000 shares
Outstanding Shares of 850 million will split into 8.5 million OS
At today's $16M market cap, stock price goes 0.019 to $1.9
This split gets JBZY closer to its goal of meeting requirements to uplist to NASDAQ..
Outstanding Shares = min 1.25 million (Check - JBZY will have 8.5 million post-split)
Public Shareholders = min 450 shareholders (Check - JBZY had 4000 in last filing)
Stock Price = min $4.00 (JBZY will be much closer to this price after Reverse Split)
Market Cap = min $45 million (JBZY will breeze past this value with a sniff of news)
(ii) No Split of Preferred Shares
After the Reverse Split of Common Shares, JBZY will have the option to convert them into 1.15 billion Outstanding (Common) Shares
Worst Case scenario... If Preferred Shares were all to be converted, the reverse split share count of 8.5 million Common Shares (i.e. all of those 4000 shareholders!) would be diluted by 99%+ , and thus discount the return potential on their investment by a factor of 10x - i.e. if one expected to make 100x ROI, one would now expect a 10x ROI
Best Case scenario... If Preferred Shares were never to be converted, the reverse split share count of 8.5 million Common Shares would go through the roof once the merger of assets is complete and officially release - i.e. if JBZY reached a market cap of only $1 billion divided by post-split Common Shares of 8.5 million = $117 stock price
Base Case scenario... Preferred Shares will not be significantly converted right away, to the extent that it would limit the post-split stock price from reaching the $4 NASDAQ requirement. The Preferred Shares will be converted in a measured and accretive manner over time, to create liquidity for institutional investors and finance future acquisitions
CONCLUSION
Whatever way you spin the R/S news, JBZY still seems to have rather bullish odds!
P.S. Bless you, art35 - you're a good man
JBZY bought the DOLV shell in December 2016, then dropped a "marketwired" press release confirming the shell purchase in April 2017 (3-4 months later). On the back of that news, DOLV flew up to $0.06-$0.12 - i.e. $50M-100M market cap. All of which happened before the ticker change to JBZY in October 2017 (9-10 months after the initial purchase of the shell).
GIFA bought the FRFS shell in October 2017. It is now 3-4 months later, and there has not been any "marketwired" press release. I have a feeling GIFA won't release such news, until they get their new name and ticker from FINRA - which might take place as far out as the summer of 2018 if it happens to take as long as JBZY.
That said, all things being equal, a press release that drives the market cap up to $50M-$100M would put FRFS at $0.30-$0.60 given the smaller outstanding share count... But let's not forget, JBZY is an emerging start-up whereas GIFA is a mature multinational enterprise, already achieving the billion dollar revenues that JBZY expects to generate in coming years.. Hence it seems a press release (or an official filing) could well have an even greater impact on FRFS.
Hope this helps.
d.
As natural disasters approach, people tend to wait and watch until they can see it from up close– and this often means it is too late to leave... Same behavioral instincts are at play here, but in antithetical sense
Your wish was their command :)
Seems some got spooked by the mean-reverting correction on the big boards?
Perhaps losing sight of the fact that..
Big boards are fundamentally overvalued, and technically trading way above their 200-day MA on the daily and weekly
NPHC is fundamentally undervalued, and technically only just broke above it's daily while steadily reverting up to it's weekly which currently sits around $0.10
Funny how herd behavior can sometimes cause our animal spirits to disregard the polar difference between discount vs premium and overbought vs oversold
Goodnight brother
d.
Ditto
JBZY aka Gypsy King..
Monster in the Making!
He ain't a Crook Son...
He's just a Shook One ;)
Firefish FRFS (soon to be GIFA).. GIFA Holdings is the company reverse merging into FRFS, it is led and managed by Yusuf Kisa... http://www.yenibakisgazetesi.com/who-is-yusuf-kisa/27950/ .. (published Jan 24 2018)... who "employed over 200 staff and grew to gross a remarkable turnover of 2 billion euros" and "as a result of his success to date, GIFA is now the second Turkish company to enter the US Stock Exchange and is rapidly growing into a financial phenomenon"... That said, FRFS stock is currently trading at $0.055, which represents a deeply discounted market cap of only $9 million (= $0.055 stock price x 160 million outstanding shares)... Once the GIFA merger is all said and done (expected in 2018), we could see a market cap correction that drives the price up at least 5,000% from these levels... And that would put the market cap at $440 million, which is less than 0.22x the above-stated, multi-billion euro revenues... If that were a conservative baseline scenario, I dare to dream what a premium value upside scenario would look like :) Risk/reward ratio here is a rarity in the OTC
Honest and real as they come. Like a saint amid the many sinners in OTC land
Disciplined in the study of volume & price. Consistent and reliable as a compass
Keep up to good work, Mav
Respect,
d.
ANDI be blowing up like a dolvamite :)