Wednesday, July 18, 2018 4:04:25 AM
Think about this... CYPE has very little or no assets... so to go from .22 to .01 would probably be in the forecast...and expected...but...
But let's say that Ibeto is real and does have control...
Registered in Florida, holding the rest of the assets of CYPE as the product of the Reverse Merger, has filed for a name change and venue change. But that is not the reason... Ibeto has just finished or is about to finish an audit to complete the merger. He has yet to "ADD" the assets to this empty Grey Stock.
What would happen if the assets added puts an increased value to an asset empty company... Like having an empty bucket and filling it with anything you want to...it ain't empty any more... get it? What would an empty bucket be worth? Then what about a bucket filled with gold... the same price? I don't think so...
What would happen if valuation went up as some had projected to $48++
Would the Grey Market say, heck no you can't do that... after all, no can short since there are no MM's... If it goes too high, most will back off because they can't afford it. Stalemate. No buys maybe some sells, but then it becomes a waiting game for a 211 form to be filed... Money can buy a lot of things, especially when you have it... Ibeto is a billionaire and the first Nigerian to try to enter the market.
Also, Ibeto Cement (Nigeria) will own 70% of Ibeto Cement International. So it is not like, this won't have backing if needed.
Only time will tell...
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM