Century Petroleum Corp (CYPE)

[Tengri]

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