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Here's another article talking about Umahi and Ibeto working together and getting things going with the Nigercem plant and developing the Ebonyi infrastructure:
http://citizensadvocatenews.com/index.php/2017/10/14/ibeto-cement-we-are-still-waiting/
The Governor obviously wouldn't be working with Ibeto, if the President still had a ban or shutdown of Ibeto Cement. There is a massive project about to take place in the Ebonyi state and the Ibeto Cement company is going to be at the forefront of it.
Well you surely don't know your wealthy African businessmen too well as Dangote has his cement company on a publicly traded exchange:
https://www.bloomberg.com/quote/DANGCEM:NL
This is false, I was just in the AEPP ONCX merger which was a Kistler play. I heard all the same garbage over on that board about Kistler and the merger went through just fine.
Plus, all that info from the GOSSIPmill is from 2016. All the recent news and evidence would indicate that Ibeto is very active as they are engaged with the Ebonyi state on the Nigercem plant.
We know that Ibeto has a good relationship with Umahi who is the governor of the Ebonyi state.
Here is an article from this week talking about President Buhari meeting with Governor Umahi:
http://www.ricforum.com/topic?id=35
Here's a quote from the article:
"Worthy of mention too is the 15.5km of Nigercem that road passes through the first cement factory in the country which is in Ebonyi State and connects to Benue. The 15.5 km in the axis of Ebonyi built with concrete isready for Mr. President to commission. 23.5km of state road which the governor built with concrete is equally ready for Mr. President to commission."
Here is another article out from today regarding Governor Umahi and Ebonyi's cement needs.
http://hallmarknews.com/bigger-prospects-for-cement-firms-as-govt-pursues-infrastructural-development/
Knowing that Ibeto is working with Umahi on the Nigercem plant, and the demand for development and expansion of the Ebonyi infrastructure, I would say big things are on the horizon. Why else would Ibeto make the reverse merger?
Cletus Ibeto and his company Ibeto Group have been working together with the Nigererian government to get the Nigercem cement plant back up and running.
Article from November 2017:
http://news.bounce.ng/Content/14-years-after-nigerias-first-cement-plant-to-resume-production-20171102
Article from April 2018:
http://www.thenicheng.com/crisis-rocks-seast-pdp/
Sure doesn't seem like it. All the news and even these tweets would seem to indicate that Ibeto is active as a cement company.
https://twitter.com/AFRICAAQUATICS/status/946436621330735106?s=09
https://twitter.com/BiafraHouse/status/947501245215977472?s=19
NIGERCEM-IBETO CEMENT IS RESUMED
— ENWELUDO CHRISTIAN (@noblechrisco) December 24, 2017
PRODUCTION IN NKALAGU IN EBONYI STATE!
LOOK OUT FOR THE PRODUCT IN YOUR... https://t.co/gkW7D2doMz
Ibeto Group and its subsidiary Eastern Bulkcem Company have a pact with the Ebonyi state to resume production of cement at the Nigercem plant 14 years after it was shut down. Nigercem is the first and original cement production plant of Nigeria.
http://news.bounce.ng/Content/14-years-after-nigerias-first-cement-plant-to-resume-production-20171102
Those people on Twitter clearly aren't paying attention to the news. Ibeto is active and in the process of opening locations.
Check out this article:
http://news.bounce.ng/Content/14-years-after-nigerias-first-cement-plant-to-resume-production-20171102
Brian Kistler did the AEPP ONCX merger and there were absolutely zero red flags with that one. I believe if the company merging is legit, it will work out. Ibeto Cement is a legitimate and verifiable company.
This person who wrote this article is talking about events that happened between 2016-2017. Ibeto has been active with reopening Nigercem and other locations. Also, the recent activity of reverse merger and financing would also support the fact that Ibeto is active and expanding its business.
Market cap will be higher based on speculative future value. I think $10B-$30B is possible here.
Yeah and those stats are for first world developed North American countries where the demand and need for cement and concrete is only a fraction of what it is in Africa. Ibeto could literally blow any of those revenue numbers out of the water sometime in the near future.
I feel like investing in Ibetu now is the equivalent of investing into American companies during the industrial revolution in the 1800's. Africa is where it's at for ground floor investment opportunities and cement and concrete might possibly be the most lucrative industry given Africa's current demand for it.
Yeah I was just having a little fun. Basically I'm saying that this stock will be so successful that the only form of dilution that will happen here will be in the for of a forward stock split. And I know that it wouldn't make sense to do that now, but someday down the road when we are trading between $50-$100 it might.
Think for a minute about how undeveloped most of Africa is. Then think about all the billions and trillions of dollars being pumped into African countries by countries like China. They are investing big into the development and infrastructure of Africa. The modernization of Africa is going to be an ongoing thing into foreseeable future as modern towns and cities will be erected all of will require lots and lots and lots of CONCRETE and CEMENT. Revenues for a company like Ibeto will hit new highs year over year. That $850m financing is going to put Ibeto in a position to rapidly expand and possibly become Nigerias largest cement company.
For everyone trying to figure out what the market cap and value of Ibeto is, needs to realize that it will be based on current business operations, but more imprtantly the expected growth and speculative value going into the future. This company can literally grow 10x in a short amount of of time. Concrete is needed for every single development project and it's a high profit industry. This is a true investment and the potential almost seems to be limitless.
Yeah a forward stock split.
It's an established business in Africa, which is in a continent that has so much need for growth and developmentn that just received $850m in financing to exponentially expand and grow its business. This is going to be a borderline blue chip stock in the next 1-3 years. We are blessed that we get these entry prices when this company very well could've went the IPO route to the Nasdaq.
False.
Not gonna happen
You could not be more right!
Freakin NFUSZ went to $3 and that company is a sham. We have a $10-$30 ticker here.
What was the SS on NUGS?
Do you think we will get an 8k AH?
There is absolutely nothing classic about this. What is happening here with this reverse merger is unfounded. You might be buying this at $1.10 come Tuesday.
In OTC land it should be worth way more than $3. Owcp hit $3 with zero revenue. Ibeto just secured $850m in private equity. That tells me they are already doing billions in revs. Investment banks are only going to shell out that kind of money for guaranteed 10x returns. That investment plus equity from US capital markets will allow Ibeto to expand exponentially. Africa is where you want to be investing too because they have so much room for growth. Ibeto could become the largest cement company in Nigeria and possibly all of Africa.
Why is that? Did you look into your crystal ball?
I'm aware of this, I find it funny that people waste their trade commissions on that.
2's falling and a couple 911 trades in there lol
Theres been activity on the site behind the scenes.
Lol it's a lotto play
Yeah and I just went to the eventure.com website ownership data and it was updated today. There is definitely something in the works.
How do you know filings and updates are coming?
Hey I just found a lowfloat telecom cell tower company that is looking pretty legit. TOWTF is the company.
You guys should use your DD skills and let me know what you think. Big money in telecom and these guys seem to be a ground floor opportunity.
Great post!!!
False. This post almost made sense, and by almost, I really mean not even close.
IMO?
$15m in venture capital was a pretty good indicator that they liked the science of Prolanta, no? Oncolix will obtain more financing btw.
IMO?
The scientist, Wen Chen (if you remember who that is), developed Prolanta using the exact same method and chemicals as the already FDA approved Somavert. The only difference is that Somavert is an amino acid subtitution of the 120th amino acid residue position and Prolanta is the same but on 129th position. We already know the chemicals used for Somavert, which are the same as Prolanta, are non toxic to humans. We also know that Somavert was able to effectively antagonize hGH. hGH and hPRL are both pituitary hormones in the same cytokine receptor family. They have almost the exact same amount of amino acid residues and share 49 of the exact same amino acid residue positions. The preliminary data of Prolanta on mice, rabbits, monkeys, and 3 humans have all shown a lot of promise. Also, monkeys prolactin is 97% the same as humans and they used doses that exceeded the maximum dose that would be used on humans with no adverse effects.
I would say the science is pretty legit.
IMO?
As long as we can get additional capital to complete phase I, we will be fine. If we can keep the OS below 500m with really solid phase I data, this stock will still have a nice run to at least the $0.50-$1.00 range.
If we can renegotiate the notes and keep the dilution at bay, get some phase I news and traction, we will all be very very happy. The science of Prolanta is still legit and has remained unaffected, no matter what the noteholders do, the science and potential remains the same.
IMO
I wish there had been a pump, we would've hit $1+.
Redmanz is scamming off the backs of cancer patients? But here's the kicker, there aren't any verifiable cancer patients? So who's back is Redmands scamming off of?
IMO
Redman will unload his pockets to keep this green?
What could he be hiding in the share price?
IMO?