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Sweet
We have been here so many times over the years. Hard to get excited until the CEO speaks up and follows thru.
I can agree with they probably don’t do anything until June. But if DOE says ok and no huge red flags come up from MARAD by then I think Delfin makes a move.
That’s been my position for some time. Get the RM done first. Raise the cash to prove to suppliers, customers and the government you are truly ready to move forward.
This feels like the movie Office Space where the TPS Reports aren’t being submitted with a cover sheet and management is all upset. I find it hard to believe Delfin just a few weeks ago thought they were on the final steps to completion with MARAD and now everything is back to square one. The one thing that does concern me is the ownership and operation of the FLNG’s. I don’t know enough about LNG shipping to know but is it common for one company like Delfin to get the license even though someone else owns and operates the ships? Do the other operators have to go through some type of vetting process also?
Hah. I was thinking the same.
Whoever he is pissed at and gave up shares for payment of services it would appear he doesn’t want them to profit off of their shares. So silence until those shares are moved to unrestricted and sold off into the market would be my guess.
We all very much appreciate your efforts. Keep up the great work.
Probably not going to get 70000 reads today. 😳
That’s like over 2000 viewers. Way more than the current 420 club. Unless X is in the basement clicking all day.
To bring it back to TGLO. I always feel like they will flip the switch here before they do FID. It takes awhile to go thru the uplist process. I would think they would want this Capital raise vehicle all set first. IMO.
Your neck of the woods. Surf fishing on South Padre.
Haha. Too busy fishing. Knock yourselves out.
Liking today’s forward movement and small bid/ask spread.
Thanks. I didn’t realize design work would be anywhere near that. That’s insane.
Any idea what they could have supposedly spent $100 million dollars on? They didn’t mention a timeline for that expenditure. I haven’t seen any asset purchases and I hope they aren’t making that kind of salary yet.
and the only LNG export project with (conditional) approval and a favourable Record of Decision from the Maritime Administration under the Deepwater Port Act
Well said.
9 month extension on top of 3 month advance notice is a year. Seems like a logical number.
This makes me more excited about this company and their integrity to shareholders. Too bad they fell into the trap to begin with.
Happy Days!
45 days for the Qs and 90 days for the K
Thanks again Billy for your efforts. Mr. Fytton has a core group of shareholders that have been here for years. We are eagerly waiting for the big reveal.
Looks like those questionable articles were actually spot on with needing an extension and also FID mid year.
You are talking about 3 different subjects. Control, liquidity and stock price. I personally don’t know if they need a more controlling share. I don’t know what the magic number is for liquidity and whatever they want the stock price to sit at. Sure less shares the better if you want a higher stock price.
In this scenario if they issue shares for funding after the RS they will still be diluting off of their 71% ownership. Any way you slice it they are reducing their shares the same percentage as us with a RS. The only way to increase ownership is to issue themselves more shares. Either way with or without a RS.
Exactly. If they want supreme control they can issue themselves one preferred share with a billion voting rights. Control issue solved.
Please explain how you figure a reverse split increases Deflins ownership percentage in TGLO????
Hopefully we are at the front door. As we get closer I assume the side flipping will slow down which should help move the price up.
Your good Fink. Always enjoy your input on the sector. I was referring to stock spamming on a whole different industry.
Mods please clean up the past few posts discussing other stocks on the TGLO board.
That was the value of the last capital raise. No idea how long ago that was and what the current valuation is. Definitely higher than 30 though.
It sounds like the best quality company of the bunch is coming here eventually.
Did I miss something? You keep mentioning 3 ships are 75% funded. How do you know this and where are the funds coming from?
It can’t all be 15 years or more contracts. They need a mix. Knock down the long term contracts to get financing on the ships going. Then once we get closer to being operational the shorter term deals will come on board to fill the ships along with spot shipments once they are on the water.
Premarket? In the OTC?? Enough already.
They are serious about getting this beefed up and onto a new exchange!
Impressive discussion. I liked the comment from the CEO that any new insider share distributions will be restricted for 2 years. That’s commitment!
Thanks Billy. Sounds like they are close to shifting out of neutral and getting this up to date again.
Still got a few shares here but so far lots of promises with little follow thru to completion. Starting to feel a little OTC pumpy. I appreciate the communication but a better approach may be to PR/Tweet something when it is signed sealed and delivered.