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Nothing. Thats retail trading 911 shares at a time.
Yup, once the merger is complete it will make a lot of the cross arguments moot.
DUMBO stands for Down Under the Manhattan Bridge Overpass, not the elephant btw.
OTCMarkets Form 10 filing incoming
https://www.otcmarkets.com/stock/CYPE/news/story?e&id=1099122
Thats for Century Petroleum, not Ibeto Cement.
Agreed! My father said the same thing.
Yeah, Im really not worried about how low this goes atm.
When news hits and we have more info on the merger, it should recoop easy imo.
Im buying as it drops... just accumulating.
I believe the 90 day mark is on or around August 24th, give or take as I based that date off of the Palewater news posting.
60 more days, give or take a little would be my worat case guess... right before the public announcement.
There are many reasons very legit businesses go public via R/M.
R/M does not mean scam. Its done all legally through the court system.
$CYPE isnt authorized for "trillions of new shares".
AS doesnt matter regardless. Trade the float.
Yup. Theres a lul atm. Till news I suspect. Is what it is, affects nothing long term imo.
I will post $CYPE news as I find it. It may not help boost PPS, but all news is good news!
Seems to be an article out on either Ibeto himself, Ibeto Cement, or one of the othee Ibeto Group companies out onve a week or so.
I can't make that happen any faster... Just post what I see come out on the news.
The fact that there's so much press coverage on the company and owner is good imo...
1520 news sources on google search for ibeto cement.
563 video sources on google search for ibeto cement.
232 news sources on google search for Cletus Ibeto.
1190 video sources on google search for Cletus Ibeto.
Not many pinky companies have that much press coverage... Articles may rehash some, yes... but news on the company and owner are picked up by even the big news companies.
I could be wrong, but I really don't think much will be said publicly till after Cletus Ibeto's "unseal and present publicly in 90 days" time frame. I do think we may see some form submissions, or updates, the ticker change - before then...
Today's Article: The guardian posts about Ibeto Cement
https://guardian.ng/property/ibeto-cement-heralds-nigerias-housing-renaissance-with-global-merger/
I think next week will be great for $AAGC.
From the CEO tweets, sounds like there's plenty coming here still!
I have seen zero proof of that in any DD sources to support that case.
If you have information otherwise, please post your sources.
Major catalysts incoming for CYPE! Form 10, Ticker change, name change, financial information.
And many businesses go public via R/M.
(Added that to the list, tyvm)
Cype may fall for a month plus still.
I don't care what this stock does right now, when all the information is in, that's when the stock will change. And no chartmaster can say when exactly that will happen.
OTC Markets only has the information on the public shell right now. Not Ibeto Cements financials.
Those will come when they are filed.
Ticker change, name change, financial information - all upcoming catalysts.
Joe Arcaro did not make up R/M.
Let me just give some info from Lexus Nexus.
5 Reasons Reverse Mergers Are Still Attractive
https://www.lexisnexis.com/legalnewsroom/corporate/b/blog/archive/2015/03/16/5-reasons-reverse-mergers-are-still-attractive.aspx?Redirected=true
Did you know...
Turner broadcasting that owns... major news sources CNN, TBS, TNT ... went PUBLIC via RM to a shell?
Oh there's also Texas Instruments... The Tandy Corporation.
Nobodies ever heard of those companies right... No major company would EVER RM into a shell.
Mod: stickie this linked post too please
Mod: stickie linked post please
We'll get news on that when it's done.
Other stocks going through the same processes, with the same lawyers and processing companies went through FINRA just fine.
The answer to that is "soon". In the meantime, buy, hold, sell - it's your money.
It's in line with the competition in the industry... I've been doing a ton of research on the cement industry since buying into $CYPE.
I may not be spot-on, but I don't think I'm far off.
CYPE PPS Calculations:
Deerock's PPS calculations are great, but missing E/P. Did some calculations myself...
And just to note - Ibeto also does importing of product, none of these calculations take in any consideration on revenue from importing as those numbers are currently not known. This is only based on production calculations and known price for products.
2018 Total Million Tons per year Cement production:
1.5 (Rivers plant)
2.2 (Enugu plant)
3.7M Total tons per year
$180.00 Potential revenue per ton USD
666M Revenue Projection 2018
*************************
After plants being built are in production:
1.5 (Rivers plant)
2.2 (Enugu plant)
2.2 (Ebonyi plant)
2.2 (Abia plant)
8.1 Million tons per year
1,458M Revenue Projection when completed
PPS Calculations based on data using PE ratio
2018
666,000,000 revenue
20 P/E Ratio
272,000,000 shares
2.45 (rev/shares)
48.97 PPS EST
13.3B marketcap EST
This calculation would put Ibeto Cement market cap right in the middle of where competition is in the industry.
2020?
1,158,000,000 revenue
20 P/E Ratio
272,000,000 shares
5.36 (rev/shares)
107.20 PPS EST
29.1B marketcap EST
This calculation would put Ibeto Cement market cap near the top of where competition is in the industry.
Notes:
AVERAGE PE ratio for the Cement industry is 50. I used the number 20, which is less than half the avg PE ratio. This is a low estimate.
Marketcap:
Competitors in the Cement Industry data:
30.2B Marketcap is the high
14.29B Marketcap is the avg
4.41B Marketcap is the low
2018 13.3B Marketcap would put Ibeto Cement right below the avg.
2020? 29.1B Marketcap would put Ibeto Cement near the top of where competition is today, but not over.
Information Sources:
P/E Ratio
http://www.moneycontrol.com/stocks/data-bank/standalone/cement-major/1/mkt-data/pe-ratio
Production Values
http://ibeto.com/IBETO-page.asp?P=24
http://www.financialnigeria.com/ibeto-cement-in-390-million-deal-with-chinese-firm-news-142.html
https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html
https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html
Revenue per ton
https://www.pressreader.com/nigeria/thisday/20180602/282020442978379
All imo, and of course we need to see the revenues to know for certain.
We will - when the filings eventually hit, and this goes on public PR in about 60 days.
DD on Cype:
I suggest anyone that's interested in $CYPE to do their DD and determine what you think. Here are some links that I've found interesting.
About the Company
850M Milost Funding
https://www.bloomberg.com/news/articles/2018-05-28/nigeria-s-ibeto-cement-to-get-850-financing-deal-from-milost
Ibeto Cement acquires U.S. oil firm
http://thenationonlineng.net/ibeto-cement-acquires-u-s-oil-firm/
Nigerian Billionaire Cletus Ibeto Closes Financing With a New York based PE Firm
https://www.cnbc.com/2018/05/24/globe-newswire-nigerian-billionaire-cletus-ibeto-closes-financing-with-a-new-york-based-pe-firm.html
Ibeto cement firm reverses merger decision, set for listing in U.S.
https://guardian.ng/news/ibeto-cement-firm-reverses-merger-decision-set-for-listing-in-u-s/
Ibeto Cement Plans Public Listing with $850m Investment Deal with Milost
https://www.milostglobal.com/news/174-ibeto-cement-plans-public-listing-with-850m-investment-deal-with-milost
The Ibeto Group
http://ibeto.com/IBETO-home.asp?P=1
Ibeto Cement secures US$850 million financing deal
https://www.worldcement.com/africa-middle-east/31052018/ibeto-cement-secures-us850-million-financing-deal/
Ibeto Cement to make history as first Nigerian firm to list in U.S.
https://www.financialwatchngr.com/2018/06/06/ibeto-cement-to-make-history-as-first-nigerian-firm-to-list-in-u-s-stock-exchange/
Ibeto's global foray and Africa's huge housing deficits
https://www.vanguardngr.com/2018/06/ibetos-global-foray-africas-huge-housing-deficits/
Nigeria's Ibeto Cement Prepares Large Expansion
https://www.cwgrp.com/cemweeknews/markets-competition/501499-ibeto-cement-prepares-large-expansion
Ibeto Cement Acquires 70 Percent stacke in Century Petroleum
http://businesstodayng.com/ibeto-cement-acquires-70-per-cent-stake-in-century-petroleum/
Company that worked on the Ibeto Cement Terminal http://beckettrankine.com/mies_portfolio/ibeto-cement-terminal-0/
Ibeto Cement Partners Sinoma to build US $386m Cement Plant in Nigeria
https://dailycement.com/expansion/ibeto-cement-partners-sinoma-to-build-us386m-cement-plant-in-nigeria/
Ibeto the Man
https://en.wikipedia.org/wiki/Cletus_Ibeto
$AAGC upward bound! CEO is doing everything right.
That's not T53's intentions here... He's trying to keep people informed. He's helped many traders make money on stocks while they learn to trade. And he knows that there's more to this than just a shell, active plans in the works.
Sure being in the telegram chat you could have made the assumption that it was the whitepaper... but anyone that's done some DD on this board knows that there is more in the works than just what PlutusX is building. Sure sounds like people got their hopes up and were kind of anticipating it would include $ADTM news, but it didn't.
I suppose next time "news" is released though... unless that news comes from John Strong, perhaps it should be assumed that it's just PlutusX giving info on that they are up to. And until the information is released on the subsidiary venture and progress on that, what PlutusX releases should probably be considered separate.
John being sick and away from everything doesn't help, but I suspect that if he's feeling better now, what is in plan will start to come to fruition. The question would be when will it happen, not if.
Nooo... I need to collect more shares.
Article: Ibeto US Firm to Stimulate Cement Housing Needs
http://thenationonlineng.net/ibeto-us-firm-merge-to-stimulate-cement-housing-needs/
No. This is great. I can buy alot more at this proce than higher.
What merger? If you read the PRs this is going to turn into a holding company, and they are creating a wholly owned subsidiary beneath it.
Hat eating. Lol $aagc
Hearing fireworks.
Looking great here at $aagc