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Nyota Minerals Share Chat (NYO)



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beton2
Posts: 152
Opinion:No Opinion
Price:0.00
Going Forward
28 Jan '19
UBE has a good business model, it just needs promotion to put it out there. Promotion takes money. Irae did not have any money nor does UBE. Enough money was put into Irae to get the deal done. The intention of Irae buying into UBE was relisting. That intention must remain and all steps must be taken to enact the relisting. So UBE must raise money to (1) stay afloat, (2) promote the business model and (3) relist. It can get money from money from various sources being (1) the TGE/ICO , (2) shareholders, (3) new investors or (4) new partners. The TGE is selling the UBE token, this is our best option. Reality is that the TGE must raise at least $US 5M . Each money raise has to have a minimum amount and a maximum amount raised. If the amount raised does not reach the minimum then all money has to be returned. The good news is Ube has sorted out the minimum raise, so all money raised will remain with us. Currently the TGE is being presented to high nett worth US investors by a TGE manager that has done this many times successfully. On completion of the TGE, the UBE token must be listed on a crypto exchange and a market value will be given to the token. Remembering that UBE has 2.6B tokens. Please go to Pure Reports and see their valuation of UBE. The UBE token has a useful purpose and is 100% compliant to all current legislation. One of the few cryptos that are. I have always maintained that the present shareholders (about 1000) should be given the opportunity contribute to the success of the company. Due to cost and FCA requirements the UK based shareholders were not able to participate in the OIS which allowed us to buy into Ubecoin. The Ubecoin deal required us to consolidate. The consolidation and the subsequent takeover allows the company to clean up (have a minimum holding to continue (some shareholders have 1 share, a large number have less than 100)) the register AND legitimately offer all shareholders the opportunity to top up their shareholding to above a marketable level of shares. This is the best way forward for all shareholders. Also there is nothing stopping any existing shareholder from contacting the company and saying that they want to increase their shareholding. Particularly UK based shareholders as listing requires the 25% holding in EUA hands (I don't know how Brexit will affect this). I do know that a good deal for this initial funding is available. To list and do an IPO a pre-IPO is done which has to be done by Ube. This is done without the usual rules by going to sophisticated investors wanting a great deal before the listing. Which is a Catch 22 situation. A partner deal is in no ones interest.So the shares have been consolidated and they have been changed to Ubegroup shares. They are just needing to have enough funds to pay for notices to go out. And in those notices should also be an update and in my opinion a top up offer. In the interim take part in the TGE /ICO and see if
 
Cavendish
Posts: 24
Opinion:No Opinion
Price:0.00
RE: Still Really Confused Here!
27 Jan '19
so when they re-list on AIM, we should see shares updated to UBECOIN? but untill then, sit tight?
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Still Really Confused Here!
27 Jan '19
I spoke with them on Friday. A board meeting this week. They are expecting a little bit of funds next week which will allow the consolidation notices to go out. I spoke to them re a top up facility in which existing shareholders can top up their holding. to be included. The TGE has started getting some momentum. One of the requirements that the broker they are looking at for the listing requires is that the pre IPO funding must be raised via UBE themselves. One of the LSE requirements is that 25% of the shares are EUA held.
Kwd1
Posts: 22
Opinion:No Opinion
Price:0.00
RE: Still Really Confused Here!
26 Jan '19
My share dealing service shows the same,but apparently it should be changed soon to ubecoin I believe. I really do hope it does do well again,as I have a small fortune in it.Im sure beton2 will update soon on progress,but apparently all is going well. You can also take part in the TGE.
Cavendish
Posts: 24
Opinion:No Opinion
Price:0.00
Still Really Confused Here!
26 Jan '19
HI Guys, I bought into Noyota just before it crashed as a bit of a gamble, got 200K shares for about £40 if I remember rightly. I'd completely forgot about them until recently as there in a old dealing account. Currently they are still showing as "NYOTA MINERALS LTD NPV" in my account? Should they have transferred to IRAE or UBECOIN by now? or do I need to chase up my brooker?
bennvb
Posts: 76
Opinion:No Opinion
Price:0.00
RE: Relisting
20 Jan '19
What price would you reckon that this will relist at?
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Relisting
18 Jan '19
Spoke with them last week. Not much happens around Christmas. Seems there was a little delay with the TGE with the TGE going a little slow. Consensus is that they want to hit it without the the Christmas slowdown disrupting the momentum. Still on track for listing mid year. The TGE has to perform. The good news is that they have gotten rid of the soft cap (the minimum that has to be raised.) I will try to touch base next week.
Kwd1
Posts: 22
Opinion:No Opinion
Price:0.00
Relisting
18 Jan '19
Any news on any progress?All seems quiet. Thanks in advance
Kwd1
Posts: 22
Opinion:No Opinion
Price:0.00
RE: So just to be clear
31 Dec '18
Here's hoping a happy New year for all Nyota minerals shares holders.
Happy New year. Roll on June.
MattyBoy1965
Posts: 689
Opinion:No Opinion
Price:0.00
RE: So just to be clear
20 Dec '18
Many thanks for the clarification beton2 (and keep up the good work, its much appreciated!)

ATB

MB :-)
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: So just to be clear
18 Dec '18
(i) correct
(ii) correct
(iii) correct
(iv) incorrect. I do not know where this came from.
MattyBoy1965
Posts: 689
Opinion:No Opinion
Price:0.00
So just to be clear
18 Dec '18
Hi Beton2,

First of all many thanks for all of your hard work concerning this, and for keeping us all updated and informed.

Sorry if this is a stupid question but just so that I have everything clear in my own mind, could you please confirm my following assumptions (or otherwise):-

i) IRAE Limited is now to be renamed Ubecorp Ltd?

ii) For every 50 shares we held in NYO (currently IRAE Ltd) we will soon be receiving 1 share in Ubecorp Ltd?

iii) The previously mentioned Gryphon Mining Deal is now dead (so we will no longer be receiving any shares in that company (or any other)?

iv) In addition to our new (post consolidation) shares in Ubecorp Limited, we will also be receiving one Ubecoin for every share we hold?

If I have misunderstood, or missed, anything please let me know?

Many thanks,

MB
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: UBE
18 Dec '18
The name change and the consolidation advice notice should be coming.
TGE is token generation event.
Kwd1
Posts: 22
Opinion:No Opinion
Price:0.00
RE: UBE
17 Dec '18
Thanks for the update beton2.
As nyota minerals is now called ubecorp Ltd,shouldn't that have changed on my share dealing service?
So the consolidation is now 1 share for every 50 that I own!?
What is TGE? Excuse my not knowing
Much appreciate your updates and news on progress
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: UBE
17 Dec '18
There are two things here. (1) You have shares in NYO which changed its name to Irae and now has undergone a RTO and is now Ubecorp Ltd. The shares have gone through a 1:50 consolidation. We are awaiting confirmation via computershare. The intention is to list on a major exchange preferably LSE on track for mid 2019. The listing price relies on the success of the TGE. (2) Ubecorp have restarted their TGE using an proven event manager to promote the TGE. Part of that TGE event is the Pure Reports analysis (link sent previously). PR gives the value of the UBE token at US23 cents each. In due course the UBE token will be put on an cryptocurrency exchange and the tokens will be able to be traded or cashed out. This second event will provide credibility to Ubecorp which should be reflected in the share price.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: UBE
15 Dec '18
listing is still on track mid 2019
Kwd1
Posts: 22
Opinion:No Opinion
Price:0.00
RE: UBE
14 Dec '18
Is it $0.25 per share held,regards consolidation, what would that be in pounds,I'm not dealing in dollars!?
Is the relist a definite for June of next year or is that wishful thinking. Many thanks for any comment regards good news. Definitely need it.
MattyBoy1965
Posts: 689
Opinion:No Opinion
Price:0.00
RE: UBE
13 Dec '18
Kingroy

Isn't that just over £500k in value upon launch (post share consolidation, and @ $0.25 for each Ubecoin)?

(Personally I'd be fukin estatic, especially if UBE achieved only a fraction of a % of the current value of Bitcoin!?)

Exciting times?

GLA
kingroy
Posts: 674
Opinion:No Opinion
Price:0.00
UBE
13 Dec '18
:-) Merry Christmas
bennvb
Posts: 76
Opinion:No Opinion
Price:0.00
RE: UBE
13 Dec '18
Kingroy with that holding you own like 5% of the company. We all hoping this will come good. Only another year to wait.

Hopefully by then Cryptos would have picked up.
kingroy
Posts: 674
Opinion:No Opinion
Price:0.00
UBE
12 Dec '18
I have 130 million reasons to comment.........so excuse me not getting exited :-)
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: UBE
11 Dec '18
excited enough to read it and comment. NYO was dead the moment the big dish deal fell through. Bringing it back has been slow and tedious. And painful.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: UBE Pure report
11 Dec '18
I certainly hope so.
kingroy
Posts: 674
Opinion:No Opinion
Price:0.00
UBE
11 Dec '18
Are we supposed to get excited :-(
Kwd1
Posts: 22
Opinion:No Opinion
Price:0.00
RE: UBE Pure report
11 Dec '18
Thanks beton2. So does that mean a relisting of Nyota minerals in June of 2019?




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