Did you factor dilution into your valuation estimates? From the PR, Ibeto is going to own at least 70% of the company. He's already mentioned raising capital from the public markets and Milost appears that it will also own some of the public entity. What's going to be left for investors in the shell?
I doubt the CEO of Ibeto is going to hand over a huge chunk of his company to owners of a shell that basically provided no value add. That's not to say that this won't overshoot and be a good trading opportunity, but buyer beware as investors in the shell will get diluted down markedly. Best thing would be for them to take their time to file the specifics on the deal so exuberance can build in the stock.
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