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Thanks Reaper that was an awesome read, one I will certainly study more .....I'm long here never tried shorting just trying to to figure how folks do what they do. I've been thinking, actually actively getting set up with my td ameritrade account to begin trading options,I agree the risk/reward seems safer by all accounts.....thanks again
Gotta hand it to ya soooo gutsy ....glta
I have to say I'm amazed you can short such a low float stock seems so risky to me, but thank you for the update ...glta
Trying to find your dd to back your posts
I often wonder the same thing, I have a question id like to put out there. What if you have say 10,000 shares of a very low float stock, could an individual then open a short position on a 1000 shares while simultaneously putting up a 1000 shares for sale at a low ask there by driving the share price down and then cover their short ? Is that possible or even allowed to do ? Might be a dumb question but I am curious....thank you for any replies and glta....btw I'm long on wasm ??
I'll take positive technicals to go with our fundamentals anytime ??
"READ THIS AND TELL US IT SOUNDS LIKE GARBAGE"
May 24, 2018 04:28 ET | Source: Palewater Advisory Group Inc
NEW YORK, May 24, 2018 (GLOBE NEWSWIRE) -- Ibeto Cement Company Limited (“Ibeto”), a Nigerian cement company has executed a binding MESA (Milost Equity Subscription Agreement) with Milost Global Inc. for a $850 million financing, of which $500 million is in equity and $350 million debt. The Company has also started the process going public a reverse merger in the United States as efforts to become a publicly traded company. On Friday May, 25 the Nigerian Dollar Billionaire Chief Cletus Ibeto will personally consummate the acquisition of a publicly traded Company the he will used to reverse the assets of his cement business in America, the final acquisition and definitive agreements have already been executed. The transaction was solely advised by Palewater Advisory Group Inc., and the going public transaction will allow Ibeto Cement to raise enough capital in the US public markets outside the Milost financing as well and put the company in the forefront of the cement industry in Africa. Chief Ibeto plans to grow the company beyond west Africa through the acquisition of other profitable cement businesses outside Nigeria within the next 12 months, this will be done at the back for the development of the two new plants.
Dr Cletus M. Ibeto, Chairman of Ibeto Cement Company Limited, stated, “Our key strategic objective in the vast and extensive development of the cement business in Nigeria and the West African sub-region is to make cement affordable to all Nigerians and tiers of government in such a way that they should be able to develop modest homes for themselves and their families inclusive of road infrastructure. As far as I am concerned and with the knowledge I have and what I know in this business, the cement business is an investors’ haven especially in Nigeria and a much more profitable business than even crude oil where a lot of people think is the best place to invest. This probably explains why the few people in the business have deliberately created very strong barriers to entry into the industry for prospective investors. It is therefore my honest belief that this reverse merger will enable us to accomplish this objective. In the end and, in line with our strategic intent and objective, we are geared to be a world-class cement company in terms of quality, affordability, innovation, service, environment, safety, and corporate governance and also to be a part of building the country’s needed infrastructure all of which certainly guarantees good returns on investment for the stakeholders.”
Solly S. Asibey, Senior Partner & CIO of Milost Global Inc., stated, “International equity, coupled with the diversification of our investment portfolio is key to our strategy for growth in emerging markets. Excellence, innovation, unparalleled strategy, industry knowledge, favourable IRR and strong leadership epitomises the partnership between Milost and Chief Cletus Ibeto. This is a great investment opportunity for Milost, and the financial engineering behind the structuring of the transaction will catapult Ibeto Cement to exceptional heights.”
Kim Freeman, Managing Partner & CEO of Milost Global Inc., also stated, “Ibeto Cement is an important investment for Milost in Nigeria and indeed Africa. We expect this transaction to provide a template for our other investments in Africa which will continue to enhance the value of the companies we invest in as well as value for our investors.”
About Ibeto Cement Company Limited
Ibeto Cement Company Limited, a privately held company incorporated under Nigerian law, is one of the most dominant players in the fast-growing cement industry in Nigeria and, by extension, Africa. To increase its production and packaging capacity, the Ibeto Cement Company Limited is currently developing two cement plants in Nigeria: one in Ebonyi State and one in Cross River State/Abia State. Each plant is a state-of-the-art 6,000 tonne per day plant sitting on abundant deposits of quality limestone at both ends.
Ibeto Cement Company Limited is owned by the industrial Nigerian billionaire - Dr. Cletus Madubugwu Ibeto, CON. Dr Ibeto is a world-class business leader and entrepreneur who has built successful companies/industries in Nigeria and beyond. Through Ibeto Cement Company Limited, Dr Ibeto has seriously impacted the cement market in Nigeria. This transaction will enable Ibeto Cement Company Limited to raise sufficient capital to dominate the industry in Nigeria and the West African sub region as a whole. http://ibeto.com/IBETO-page.asp?P=24
About Milost Global Inc.
Milost Global Inc. is an American Private Equity firm that is headquartered in New York City, with more than $25 billion in committed capital. Milost is at the intersection of creative investing and value creation. Milost is also a provider of alternative capital, mezzanine finance, and alternative lending to a broad range of industries across the globe including Technology, Transport, Cannabis, Education, Distribution, Mining, Oil & Gas, Financial Services, Healthcare, Pharmaceuticals, Real Estate, Alternative Energy and Infrastructure Development. www.milostglobal.com
About Palewater Advisory Group Inc.
Palewater Advisory Group is a multinational corporate and public affairs advisory firm with headquarters in New York. We specialise in cross-border and M&A transactions, financing, public affairs, political campaign capital raising and strategy. Collectively as the team, we have had an excellent track record with more than 1000 references in our line of advisory work. We have a robust and yet solid network of contacts with specific focus on certain core industries, investment and banking communities. Our directors, leaders, professionals, and senior advisors collectively provide access to senior industrial, political, economic, government and financial decision makers throughout the world.
We provide individual and personal advice and react swiftly to our clients’ needs, while always providing direct access to the team, including the partners involved. As a professional services firm, we provide the best possible advice based on confidentiality and total discretion. We are committed to the principles of integrity and client service, and operate free from any conflict of interest. www.palewateradvisory.com
For more information
info@palewateradvisory.com
From what I get, the competitor wants a monopoly and sank to filing illegal lawsuits and tough guy political tactics against our guys cement company . He's got a great story and from what I've read has earned his success. He's the under dog and his people are behind him .......unless I have this wrong this is a great opportunity to get behind a man and a company who are held in high esteem by their community and employees, and help push back against the evils of corruption.
I originally bought in as a purely speculative play but the more I've read from research and all your fine posts,this is no longer in my speculative file . Its in the strong future gainers file ,ill check it from time to time for opportunities to average down on dips but otherwise feelling very confident to go long as an investment versus short term play.
Wow that's a lot of great information ...,thanks for posting ??
It was a good day , I tell ya the volatility /manipulation of such a low float can be pretty nerve racking though over all I'm pretty optimistic . The future belongs to the longs!!!
Hope everyone is slapping the ask , lets keep this moving . If you have questions call the good Doctor .....glta and have a wonderful weekend .....something to think on we (humanity at large) have at hand the greatest potential for world peace, lets not let these war mongering fools destroy that for our future generations . A World at peace is far more profitable
Stockpicker I'm curious as to what brokerage your using to short this ?
StockPicker did you make the call today and get your question answered?
Check post 449 by money talks ...Doctor Jim Garvin is who I spoke with .....Glta
MoneyTalks ...I was able to speak with the good Doctor and my fears have been put to rest for now . There will be more info out in June, the westmountain web site is in the process of being switched over hence the email not funtioning , merger is real ! And there will be a symbol change , I inquired as to the low float frustrations I've had and was told that the float will increase but was assured it would not be dilutive in anyway , when asked if it would have a dillutive affect his reply was "oh God no" .Needles to say i am far happier now after having initially purchased a measly 100 shares at 4.00 I bought another 900 today and will buy more as funds clear.....,Shorts better GLTA
Awesome,now that's integrity damn it hell yes .
Ok lets say merger goes through fine and the company releases more shares into the float (releases not adds) will we drop in sp ? Or would it act as a catalyst bring in more liquidity to trade by ?
Did you mean 5600 or your stated 56k ?
Thank you money talks , will do. Say on another note what did ya think of Axl fronting ACDC I thought he did a hell of job????
CytoBioScience Raises $1.5M for “Intended Merger,” Document Says
David Holley 3/19/18
San Antonio — [Updated 3/23/18, 4:58 p.m. See below.] CytoBioScience, a bioscience company that canceled plans to merge with a publicly traded business last year, made new merger plans this week, which the company revealed publicly Friday.
Fort Collins, CO-based WestMountain Co. merged into CytoBioscience on March 19, according to a document filed with the SEC March 23. WestMountain is a marketing, media relations, and investor relations consultant for public and private companies, according to its SEC documents. The company is traded on the over-the-counter public markets under the ticker “WASM.” [Updated to note CytoBioScience merged with WestMountain.]
San Antonio-based CytoBioScience business raised a $1.53 million equity round of funding, according to a document filed March 19 with the SEC, which states that the funds are being raised in connection with an intended merger. CytoBioScience didn’t responded to requests for comment on March 19, when Xconomy first reported a potential merger. CEO Jim Garvin confirmed the news to the San Antonio Business Journal March 23, which first reported WestMountain’s involvement.
Founded in Germany, CytoBioScience moved to San Antonio in 2015. It sells a device, the CytoPatch, for screening the safety and efficacy of drug formulations. The base CytoPatch unit sells for $175,000, and CytoBioScience also sells accessories, including microchips, buffers, solutions, cells, and specific types of shipping containers, to researchers on a recurring basis, Garvin told Xconomy last year.
CytoBioScience announced plans to merge with Eagan, MN-based Precision Therapeutics (NASDAQ: AIPT) in August of last year but called off the merger in November, in favor of launching a joint venture focused on personalized research services. Precision, previously known as Skyline Medical, simultaneously announced a second joint venture with another precision diagnostic contract research organization, Pittsburgh-based Helomics.
The name change to Precision in January was related to the company’s interest in focusing its work on precision medicine and drug discovery—seemingly in line with its two joint ventures. Garvin said in a news release in November that the Helomics products will complement CytoBioScience’s work with Skyline, but didn’t provide additional details about how or why.
Precision has acquired a 25 percent stake in Helomics and hasn’t disclosed whether it owns any of CytoBioScience. Precision said it plans to continue selling its flagship product, which automatically collects and disposes of potentially hazardous bodily fluids produced during and after surgery.
Know what you own huh....,hard to do with such little info. Have you tried to call west mountain asset management....I can't find a number I did try and email them but it wouldn't go through on their site.
Make that 83 following ....glta
Score one for you that's for sure , I'll hold till the end glta
I'd say the ball is in his court , I only bought 100 shares so if it continues to go south at worst I'm out 400 bucks that I'll use for a tax loss . Lets be realistic though we longs are more vested in him having to cover tomorrow than he is ....., if he opened a short position at 3 bucks then he can easily decide to cover at the slightest uptick in price and still be golden . We have gone from a high of 4-4.30 down to 1.65 because plenty of longs inspite of their wild predictions sold at those prices, where as if their integrity were stronger , if they just believed in their own hype we would be at 5+ .....don't get me wrong I get selling off to cover your investment and letting the rest ride its a good pratice .
Well I hope we see a report soon, I see a lot of folks got lol relative to holders of this stock ...,bought well below the high . I'm curious though how many here bought between 2.00 and 4.00 I'm thinking maybe I was the only person to buy at 4.00 lol. I'd also like to hear from the biggest supporters of this stock as to why it wasn't able to hold 4.00 or 3.00 or 2.00 or 1.80 ?
Clearly those who pump this stock were nowhere to be seen buying at 3.00 or 2.00 or 1.80 yet you have promoted wild expectations for its future price. If any of you really believed in this company how could you let it drop to a 1.65 bid ? With such a low float it wouldn't have taken many cheerleaders to keep the price above 3.00 .
Just a warning to anyone who might consider buying DON'T!!!!
just wait untill the company releases more info if they can't be bothered to do that well then there ya go. I'd rather pay 5.00 for a stock that has strong support backed by the company than .10 cents for a company that only has ihuber support .
Tuesday market open mon closed
Gfdv ? I saw your post for gfdv ....please help me understand how one plays this with such a low float and low volume ? Is this a hold expecting volume to rise in the future or ? Thank you
I clicked on the link at the bottom of list of states on this page it says
(Options: Sign up for 'Shell Stocks Reverse Mergers & Acquisitions & sometimes other POS plays' E-Mail List) as I say just under the list of states
I hope so as the price is now gone from 4.30 to 3.23 and now 3.11 correction 3.75 bid is up from 2.75 to 3.05 lets see what happens by eod. What errks me is I wanted 1000 shares but I always test first and if it drops like that in my experience its fishy hopefully we don't see it drop back again today after this 1000 bid gets filled. GLTA
Hello all I bought 100 shares at 4.00 , then it quickly dropped to 3.23 with the bid at 2.75 wtf over ....,if it can't hold 4.00 wby post its going to 10 20 today. I get that a lot of folks hear bought a lot lower and its done well for ya but the way y'all are pumping is a bit decietful. If this ticker was as hot as your puming it to be I wouldn't have had a problem selling it for 3.50 guess what its still sitting there for 3.50 since this am lol ....,I'm glad I just tested the waters on 100 shares that's going to 10 maybe 20 dollars and I can't get rid of this pos for 3.50 ....signed bag holder
My bad you said 10 to 20 lol jeeeeeez
So if miraculously we are able to keep buying pressure up we will have our squeeze yes ?
Hello all I'm coming over from the axxa , well what can I say its still a bit of a curiosity for me though I'm still in it. I was reading the filing for wasm regarding the share lock up. The last paragraph lends me to believe they will be able yo start selling shares before the two year time but in percentages if I'm not mistaken. Please correct me if I have it wrong thsnk you to all for your research.
Notwithstanding the foregoing, the undersigned may offer, pledge, sell, contract to sell, grant, lend or otherwise transfer or dispose of up to Fifteen Percent (15%) of the Securities beginning August 16, 2018 and ending February 16, 2019, and Twenty Percent (20%) of the Securities beginning February 17, 2019and ending August 16, 2019, and Thirty Percent (30%) of the Securities beginning August 17, 2019 and ending February 16 , 2020. After February 17 tl•, 2020 the undersigned is free to offer, pledge, sell, contract to sell, grant, lend or otherwise transfer or dispose of remaining shares.
Aug 16, 2018-Feb 16, 2019
15%
Feb 17, 2019-Aug 16, 2019
20%
Aug 17, 2019-Feb 16, 2020
30%
Feb 17,2020
Free to sell
The undersigned understands that this lock-up agreement is irrevocable and shall be binding upon the undersigned's heirs, legal representatives, successors and assigns.
Hello I signed up for the shell stocks list, I've been wanting to learn how to spot analyze & play these ...,looking forward to the list thank you for putting it out there.
How can we find out what hudsonGray is worth ? If the judgement goes cmgo's way what's the expectation of hudsongray's ability to pay ? ...,thank you for all replies...GLTA
The good lord willing , I as well I've never had such a mind numbing research fit with this ticker lol. Glta
Well the way I see it , this could either be the best life changing investment I've ever made or hands down without a doubt the dumbest thing I've ever done , wishing all who are pro axxa the best of luck
I don't know what I'm missing is the otc.com site correct with the 223mil ? And if so ....,now what ? Thank you
Just read BMikeinvestor on dilution story going round ...,I'll go back read it again ...thanks