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$35,000,000,000 not 35 trillion. doable
Right!!! Lol
?????
LOL!! I couldn’t agree more!
They mentioned raising the authorized shares but I see the clowns keep mentioning R/S The company would probably raise the A/S first 150 million shares ain’t squat
Old news
That’s trading 101 ! Lol
Patience !
Trading 101
Is 121,000,000 shares in the OS with 36,000,000 restricted ain’t nothing!
Offtake agreements are frequently used in natural resource development, where the capital costs to extract resources are significant and the company wants a guarantee some of its product will be sold.
The crap you post here is equivalent to a chimpanzee learning how to type or it’s a preschooler playing on their parents computer ! It’s all gibberish
16 penalties just in the first half plus it started an hour late due to weather
And than they halt the stock and everyone gets screwed ! no thanks
Arlette has said potential bidders included those interested in continuing the operation at the Sarnia plant, as well as those interested in the assets.
not the same company. midstream owns LNG
Delfin Midstream or Delfin LNG ? lol
Oh Brother !! First of all your not even on the right page when talking about Egans shares ! Egan and all of us TGLO owners will own shares in delfin LNG after the RM not Delfin Midstream . Delfin Midstream is owned by numerous investors and 30.7 % by Fairwood. Delfin Midstream is a corporation that owns 100% of Delfin LNG. Not sure what their plan is with TGLO but I would assume that they put the pipeline and other assets into Delfin LNG and raise the authorized shares to whatever and sell shares to make money for the project and Delfin Midstream will get preferred shares of Delfin LNG to keep control and have Shares of Midstream issued to the private investors.
2. Purposes and Disadvantages of Reverse Shell Mergers
In a reverse shell merger, a privately held company (“Private Company”) merges into the Public Shell, or vice versa, for the following reasons:
it is supposedly a quick way for the Private Company to go public;
raising capital is supposedly easier for the post-merger surviving entity(assuming that the Public Shell had an adequate public float);
the surviving entity can grant stock incentives to employees;
the surviving entity may be able to accomplish corporate acquisitions in the future through the issuance of its stock; and
no underwriter is needed to go public through a reverse shell merger.
However, disadvantages of going public (including through a reverse shell merger) are:
complete (and expensive) financial disclosure is required for publicly-held companies under the 34 Act;
there are substantially higher costs of regulatory compliance for the audit, legal and investor relations work;
owners of the Private Company give up some equity percentage in the merger (usually between 15% and 20%);
management must devote additional time to public company activities; and
additional company visibility brings a higher level of liability exposure.
Part II http://www.clm.com/publication.cfm?ID=24
Yeah I can see it happening the way you posted which,would work to everyones benefit
They can raise the authorized shares and sell what they have plus the additional shares and still maintain ownership thru preferred shares and still get the price per share up enough to uplist.
Keep the price here for about another month and I’ll be very happy !
Shorts were the only ones protected
Same grey sheets I do believe ! You all make it sound like the grey sheets are the kiss of death Not according to this article
Oops my bad! And my grandfather was a math teacher! He’s rolling right now!
Interesting read on grey sheet companies . Down towards end of article https://www.wallstreetdaily.com/2017/05/15/decoding-cryptic-pink-sheets/
That’s less than 50,000 shares. I’m sure there are many people with that amount or more.lol
In other words less than 50,000 shares
Agree totally
Seriously?! Go back to your own post #23268 where in your conversation with TA you answer your own question
Shorts would be TOAST!
Often times, the price of securities move sharply lower following a suspension since there may be a lack of confidence in management.The price may quickly recover, however, if the issues are deemed to have been resolved.
In March 2018, the Company executed a Promissory Note with Delfin for up to $150 thousand, of which $55 thousand was advanced. Interest accrues on the unpaid principal balance at a rate of eight (8%) per annum, and is payable on the maturity date, calculated on a 365/66 day year, as applicable. The Promissory Note is due upon demand. It may be prepaid in whole or in party at any time prior to the maturity date. The Company expects continued funding from Delfin.
However, unless we are successful in raising additional funds through the offering of debt or equity securities, we may not be able to continue to operate as a going concern for any significant length of time in the future. Notwithstanding the above, we currently intend to continue operating as a public company and making all the requisite filings under the Exchange Act.
Thanks! I thought that article might shut up some of the naysayers claims that the companies that do reverse mergers always do reverse splits in order to have 100% of the company
No Problem !
Actually a lot of the info in that article backs up what sprycel is saying. He just didn't bother reading it
Doesn't matter. The basic concept is the same when it comes to Reverse Mergers into shell companies
Very informative..
http://www.clm.com/publication.cfm?ID=24