Replies to post #28919 on Bangi Inc (BNGI)

[WillForeall]

I would say what makes more and cost effective sense financially is to raise their funds through Transatlantic then merge that company under COBI too being that BANGI is the investment firm. I have stated before that it appears that BANGI is the parent. Book value about to come to light. OS is maxed last we knew was that 75% of it was held by the CEO. Ideally would make more sense to transfer that ownership to BANGI leaving the OS around 1 billion which would get us to your pps Imo

[jet101]

I’m sure someone will correct me if I’m off base here. But yes I think what you are assuming is the same thing others here are. Right now Transatlantic and Bangi are two separate entities. But the hope here is that Trans can close their deal and then maybe merge with Bangi to go public. Is that correct people?

The following is what is posted on the Fundme page.

Transatlantic Real Estate and Bangi are separate companies, each with its own respective Board. The Board for Transatlantic Real Estate has not made any decisions in respect of same.

Finally, we have engaged with several groups to discuss and be advised as the best way to position our company for a near term exit in the 5 year mark. We are contemplating and discussing with advisors, the second round for continued growth, a move to an IPO or mini IPO, or an equity sale to a public company.

[WillForeall]

Additionally, Most experienced and smart traders already know the scenery here with whats going on! Your questions would be answered by reading the recent PR's!