Messaben Corp (MSBN)

[Potse]

CEHD(.088)...accumulated a position......

Over the last couple of months I have accumulated a position in the CEHD shell. Bought shares in the .06-.095 range, with a current cost basis under 7.7 cents. I have been somewhat surprised that shares have continued to be available under the 10-cent level, after what appears to be change in control of the shell. Overall, the risk/reward looks pretty interesting to me at this level/valuation. Legacy shares are about 16.8M (more than 6% of the current total of 266.8M outstanding). Structurally this Barbara Bauman shell looks reasonably good, and the valuation of the legacy share position at my cost basis is less than $1.3M, so I think there is decent upside potential.

With the recent change in officer/directors, it appears to me that Barbara has likely sold control of the shell. Both Rami Bakir and Khalil Ouar are associated with MessaBen (a water treatment/reuse company). I'm not sure if the plan is to bring MessaBen public, or if they have other directions they want to take the shell.

https://www.linkedin.com/in/rami-bakir-b8588911/

https://www.linkedin.com/in/khalil-ouar-00729619/

https://messaben.com/