Bebuzee Inc (BBUZ)

[Sobek]

Here's a few quotes from the last 10q, note that the company is indeed looking for an acquisition candidate. Also note that they do have financial backing to do so.

Also, their Securities Counsel and Investor Relations partners still show $ENGA as clients on their OTC Markets Service Providers Directory page:

https://www.otcmarkets.com/learn/service-providers/6311?t=3

https://www.otcmarkets.com/learn/service-providers/5928?t=2

Here's their websites to get an idea of who's handling this transition:

https://www.ckrlaw.com/locations/

https://www.weitianco.com/copy-of-services


Page 12

Management intends to provide the Company with additional loans as needed and is seeking a merger target to implement its strategic plans. Management feels these actions provide the opportunity for the Company to continue as a going concern.

Page 17

Going forward, the Company intends to seek, investigate and, if such investigation warrants, engage in a business combination with a private entity whose business presents an opportunity for our stockholders.

Our principal business objective for the next twelve (12) months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business. We believe the costs of investigating and analyzing business combinations for the next twelve (12) months and beyond such time will be paid with money to be loaned to or invested in us by related parties. During the next twelve (12) months, we also anticipate incurring costs related to filing of the reports required under the Securities Exchange Act of 1934, as amended, and consummating an acquisition. We believe we will be able to meet these costs through funds to be loaned by or invested in us by related parties. However, our related parties have made no commitments written or oral, with respect to providing a source of liquidity in the form of cash advances, loans and/or financial guarantees. During the year ended June 30, 2016, the Company received $96,663 in advances from Engage Telecom, a related party. As of June 30, 2016, the balance of the advances from related parties was $658,759. During the nine month period ended March 31, 2017, the Company received an additional $37,724 in advances from Mr. Hua Zhang, As of March 31, 2017, the balance of the advances was $696,483. As of March 31, 2017, the balance of the advances was $696,483. On February 23, 2017, the prior year payable balances of $658,759 in total to Engage Technology and Engage Telecom had been fully assumed by the Company’s sole officer and director, Mr. Hua Zhang.

Page 19

Management anticipates seeking out a target company through solicitation. Such solicitation may include newspaper or magazine advertisements, mailings and other distributions to law firms, accounting firms, investment bankers, financial advisors and similar persons, the use of one or more websites and similar methods. No estimate can be made as to the number of persons who will be contacted or solicited. Management may engage in such solicitation directly or may employ one or more other entities to conduct or assist in such solicitation. Management and its affiliates may pay referral fees to consultants and others who refer target businesses for mergers into public companies in which management and its affiliates have an interest. Payments are made if a business combination occurs, and may consist of cash or a portion of the stock in the Company retained by management and its affiliates, or both.

So the play here is we have a clean shell with only 1.239 unrestricted shares aggressively looking for a r/m/acquisition by a team of experts who have a vast amount of knowledge in transactions such as this.

Key takeaway:
Last month the TA started updating the SS
'Shell' status finally reflected on the company's profile page
Service providers still represent the company

GREEN FLAGS this is a great shell for a R/M
The company's FL Business license active
Minimum liabilities
No toxic debt
A team of pros in place to handle r/m/acquisition
One owner/officer owning 76% of the o/s
Financial backing
No r/s history
No legal proceedings
Limited number of shares available: Only 1.239 million shares unrestricted!