Was catching up on the Stockhouse posts and thought that the following was of interest. Posted by beararn
stockhouse.com
Haven't got it all yet, but thought I would give you what I have so far - i think Mr Chu has some very grand plans!
From the cibt site we find that cibt has two major partners in their business training efforts. One is the City University (CU henceforth), mentioned by CC. The other is the International School of Business Inc(aka isbi...or isbdf, if you look for early clues).
cag-global.com
When I searched the CU site, there was no listing of faculty so I couldn't yet find the psychiatry professor, but they do have a Division of International Operations. I called to speak to the Director of that Division, but she was tied up in their (national) accreditation visit (hmmm), which ends tomorrow. She will call me back tomorrow (they said). In a casual chat with a lower level admin person, I told her that I was interested in a business training program from china - cibt - but, to my early dismay, she had not heard of cibt. She did know (she seemed hesitant to talk about it), however, that they were in negotiations to "open a site in Beijing" (dismay gone)
CIBT is of course a joint venture of cpt and the Beijing Polytechnic University, so there is a Beijing link. They are partners, hence another link. Howver, CU is not listed or connected to any stock listing that I can find, so there is something missing.
It is notable that one thing hits you right in the face about CU from the get-go - the synergy would be tremendous. CU is going big into online business training (cf the website). It is growing very, very rapidly and, with accreditation on the way it will only accelerate. Moreover, they seem to be in a big push regarding the online component - they already have online training and they report they are expanding it (and if you check on Job Openings at the website, you see a disproportionate number of positions for a "webmaster", etc). And the US accreditation would be a huge benefit to business students in China.
Could this be the synergy that Mr Chu was talking about?
When I visited the International School of Buniness, it got better. This place is growing like topsy....buying business schools and training programs all over Canada (including the Toronto School of Business). Lo and behold, they have a relationship with CU, whereby stucents in ISBI programs get credit towards a degree at CU (which coincidentally will be nationall accredited in the US tomorrow) And guess what, IBSI has a shell on the nasdaq (isbdf) tho it hasn't traded for about 2 years.
The synergy ISBI brings is a tremendous breadth of training programs and sites,. It was selected as official microsoft training centre...and on and on.
It also happens to be in Canada, which add to the sense of "globalization" in this new company - a theme that Mr Chu seems to believe in.
Here are links to the IBSI website, as well as to the last stockhouse listing before it stopped trading
ibschool.com
stockhouse.com
i do not as yet know why they stopped trading (last quarterly i saw was several years ago, and showed a loss - but they have change quite substantially from then - and grown dramatically). I don't know if they went private, but i doubt they went to pinks as they couldn't go back to the Bulletin Board without satifying SEC comments. so, it looks like a shell in good standing.
If they are private, probably can't get a look at their financials , thos they must be out there somewhere in the process of reinstating that listing, given the material change that is taking place, etc. anyone know how to get this info?
If this is in fact the general picture of the new company, i think it is quite exciting and has tremendous potential quite separate from SEG. My suspicion is that MR Chu thinks this can be bigger than SEG - this is no spinoff for spin off's sake, or just a means of unleashing a hidden asset 9which my small mind was hoping for) - this is an entirely new dream, separate from SEG but using the same themes. If you take the same globalization themes to the concept of business training, the possibilities are truly mind boggling. Training people in Germany to qualify for positions in the US (and vice versa)....it brings tears to my eyes....
If the reverse merger includes the online strength of CU, the OTC shell and program offerings of isbs, and the international attraction of and to china, along with BPU's programs, it could be big folks.
some questions are beyond me and i would appreciate any thoughts on: How will they decide how to issue the shares, given it is now a shell (i.e. underwriters?? brokers?? other ways to do it?) I wonder how they are going to divvy up the merged company among the three (if in fact my hypothesis is not proven to be wrong)?
If
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