Compass Biotechnologies Inc. (OTC: COBI) has seen a surge in trading volume and has started moving northbound off quadruple zero lows. The stock is on the move as Bangi Investments, LLC, a diversified investment vehicle focused on the cannabis space is set to reverse merge into the shell.
BANGI, a diversified investment vehicle that acquires and leases specialized real estate assets, understands the integral role that real estate plays in the $30 billion cannabis industry and plans to further its reach with the acquisition of COBI. BANGI will trade as OTC: COBI until approval for its unique ticker symbol. The Company will go by the name BANGI, (pronounced bon-ghee), which is a noun in the African dialect Swahili meaning “marijuana” or “hemp”. They are currently developing their corporate domain at bangistock.com
The new Company is led by Richard Shykora, who is also the majority shareholder with 75% of the shares outstanding. Mr. Shykora has been directly involved with a wide variety of public companies involved in a diverse range of industry sectors and with consulting firms specializing in services for public companies. These services have included investor relations, public relations and corporate governance capacities.
Mr. Shykora is also the chief executive officer and a director of Frontier Energy Corp. from approximately September 2008 to current where he is responsible for managing operations, the vice president of communications and a director of Diversity Group International Inc. from approximately August 2007 to present where he is responsible for corporate governance, and the managing partner of MSK Holding LLC from approximately June 2007 to present.
On November 19 Bangi Investments, LLC announced it has acquired publicly traded company Compass Biotechnologies, Inc. to gain greater access to public markets and to continue expanding its success in the cannabis marketspace. The company will go by the name BANGI, (pronounced bon-ghee), which is a noun in the African dialect Swahili meaning “marijuana” or “hemp”.
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“Real Estate is agnostic to the cannabis industry; every sector from cultivation to extracting and retail relies heavily upon it. I’m excited about the prospects in store for BANGI, and I will be instrumental in this transition over the next 90 days,” said Rick Shykora, CEO of Compass Biotechnologies, Inc.
On November 20 Compass Biotechnologies today announces it has engaged in a Letter of Intent to acquire an operating entity that has been manufacturing and supplying audio and amplification products since 2007. The company currently distributes its products though Sweetwater Music Instruments & Pro Audio, 8th Street Music, Bananas at Large and BB Organ along with over 30 other distributors. The Compass Board of Directors will continue updating shareholders on the transaction in the coming days. Additionally, the company is confident that its financial disclosure statements will be brought current in the coming days and return to OTC Market current information tier.
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Currently trading at a $750,000 market valuation based on 1,858,830,930 shares outstanding COBI is the newest cannabis Company to hit the OTCPINKS. BANGI as the new Company is called is led by seasoned executive, Richard Shykora with an ambitious vision to turn BANGI into a powerhouse in teh booming cannabis space. COBI is quickly attracting a fast growing shareholder base who has been biding this one up. We will be updating on COBI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with COBI.
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Disclosure: we hold no position in COBI either long or short and we have not been compensated for this article.