Biomagnetics (BMGP) – Yesterday the Company announced it intends to purchase the assets of a PVA plastic film manufacturer called, Lanzhou, located in Ganzu, China. As we previously wrote on the blog, we think this is a terrific accretive acquisition for the Company. We believe this is just the beginning of a long string of news related to several more Chinese technology and product acquisitions the Company will do targeting a $1.00 share valuation for BMGP. We also recently filmed a video that provides a demonstration on the biodegradable features of this unique plastic film product, which should be released over the next few days. With only 64 million shares currently outstanding, these shares are a huge bargain. As we have indicated recently, we expect to see these shares at $1.00 over the next few months as the assets and on going contracts being brought into this Company are strong and very valuable.
{ 8 comments… read them below or add one }
Joe –
What is the reason for this change in direction for the company? Is this PVA manufactuer somehow going to be incorporated in the IOBS? Thx.
Joe i just want to have this clear- the contract with the Chinese govmnt is already signed and valid, am i right?
do you know what is the expected net profit margin? also will the old management remain in the company, or will BMGP have to hire new people?
thanks
You expect BMGP to be $1.00 over the next few months?? Is that a typo?
That’s a very optimistic statement, is it not? That’s almost a 10 bagger over the next few months….sounds rather improbable.
Mike – Not a typo. The Chinese companies are being put into BMGP based on a $1.00 valuaton. There are significant assets and profitable revenue streams coming into the company- and with minimal share issuances. A great deal for current shareholders. Joe
TJ – The current team will stay in China. The contract for the garlic industry is already signed. The government is saying we will buy your production up to 600,00 tons per year. China is going greeen fast and there is considerable evidence to support this. They will for sure need to hire a lot more people as more machines come on line. Joe
thanks for the responce Joe. you understand it is hard to believe the amount of good news-im in the chemical industry and am fully aware of the significance of the deals, just cant believe my luck
Chris – There is a very minor connection between IOBS and the new ventures. Clayton was presented with these business deals through some of his long time contacts who do a lot of business in China so he want to grab the opportunities. Joe
warnert25 called Andrew and here was his response on dilution:
Thompson.D,
When I talked to Andrew and asked about the share structure and any future dilution, I was told there will be none until they receive FDA approval. I was told at that time Biel would consider selling some of their 25+ million shares left in A/S to cover the costs of bringing their product to market here in the USA or may consider other means. I do not think they will be raising the A/S any higher than the 1.5 and that the addition paper with Andrew would only come into play if a buyout was to take place.