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Are you suggesting the 26M shares traded are unrelated and pure coincidence?
See this post, 21518.
Yes, also note the earlier trading in May 2017. It's gotta be related to that June 1 announcement. Another 8M shares traded plus about 18M in and around the June 1, 2017 date. How convenient. :)
May 23, 2017 1,690
May 22, 2017 -
May 19, 2017 -
May 18, 2017 302,000
May 17, 2017 511,200
May 16, 2017 1,140,083
May 15, 2017 1,051,350
May 12, 2017 5,179,798
May 11, 2017 -
May 10, 2017 -
That's why I have always been interested in pinning down this float from day one.
In my post earlier this week I suggested there may only be about 12M free trading shares right how.
TGLO trading volume and Delfin news on June 1, 2017. Wonder who owns these shares?
May 26, 2017 200
May 30, 2017 660,220
May 31, 2017 3,080,100
Jun 01, 2017 12,475,286
Jun 02, 2017 1,345,714
Jun 05, 2017 322,265
Jun 06, 2017 0
JUNE 1, 2017 U.S. Department of Energy Authorizes Additional Liquefied Natural Gas Exports from an Offshore Project
https://www.energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project
Agree, strange they're prematurely pointing their web content for their domain at this one, too. But hey, what's not to like?!
Time, not timing, is the best way to capitalize on stock market gains. https://www.putnam.com/literature/pdf/II508.pdf
In my lifetime I have had some really good days in trading. The kind where you say, call the contractors, have them put in a new kitchen, and order the new Volvo, too.
But, none of those gains compare with what I would have had I not, flipped or sold profitable covered calls, and watched stocks advance beyond my reach, paid the short-term cap gains taxes, and lost the opportunity for long term gains, had I held the stocks for their fully realized potential. I knew they were going there, but I thought I could be quick enough to have it both ways. Sometimes your schedule interrupts your trading. Yup, made a ton of money, but didn't pay myself enough.
Hence, even if I get an exit somewhere between the most pragmatic short/naysayer on this board and where Mr. Egan thinks it's going, I stand to do well. I will not miss the best day this stock has, I'm in!
The above link references staying fully invested in the market, and not missing the best days it has.
This is just my crummy opinion, and I've screwed up plenty in my life, and you needn't follow it. But, it's my plan for TGLO, and I'm sticking to it, and I will not miss the best days I believe this stock is yet to have.
Haven't sold a share and bought 23k last week .145 – .1775.
366k long.
That's my thinking, too.
I think tomorrow looks good.
I see next resistance in .50-.70 range, given the past hype around TGLO's launching of .TRAVEL domain (see historical chart). There may be hold-over shareholders looking to get out from that period when TGLO issued 100s of millions of shares to Egan. It could take some patience through selling there.
Kinda looks like only 12M shares are trading in a month.
From its open on February 5, 2018, at .179, through its close March 6 at .078 on 11,605.093 shares traded, TGLO fell .101.
From its open on March 7 at .072 through its close April 6 at .2093 on 11,855,643 shares traded, TGLO rose .1373!
Close at .25?
Thank you.
How many trades are there today?
This ain't retail. It's professional aggregation. Anybody else reading it that way?
.22 coming
Don't forget Egan...
Important to note that nothing in life is guaranteed. Invest nothing here or anywhere that you cannot afford to lose if you need that money for retirement income.
There's no doubt he knows the most tax efficient way for himself, and his goals. If that's qualified dividends, cap gains or gifting the whole shooting match to a charity, I have no clue what he's thinking. But I do know the UHNW well enough that they do not work for free!
But what's his number? What would you want if you already had a billion or two?
So a lot of energy is spent here on reverse split or no split or size of secondary offering, etc
I don't care about any of it. It doesn't matter in my opinion.
I try to look at this through Egan's eyes, and how many crummy deals he had to listen to over the years from firms who wanted access to the shell, the authorized shares, and the NOLs, etc.
So, with 22M shares, what kind of valuation on those shares was he looking for?
At $22M we're at $1.00 per share approx.
At $44M we're at $2.00 per share approx.
etc, etc, etc...
For the man who sold Alamo to AutoNation for $625 million in stock in 1996 (of which he owned 93%!) we probably can assume he has already doubled or tripled his money since.
So, having said all that, how much of an opportunity would need to exist to get his attention? I have to think it's at least $5 per share minimum. Which gets him $110M.
What do you people think?
Right, but I'm guessing the assets aren't free and clear currently, which effects the valuation metrics. Maybe they are, but who knows?
You're an oil and gas guy. What's your guess on how much of the "assets" are offset by debt, or contingent debt?
I guess that was probably the first question Mr. Egan asked too, and was obviously happy with the answer he got, and that's why we are all here today.
Paragraph 3 will explain how the process works. https://www.delanceystreet.com/reverse-merger-shells/
I also think Delfin has or may be addressing this via its own internal option granting scheme. After a merger (assuming and hoping we get one) we'll know, and I think we'll see plenty of insiders who suddenly have TGLO/Delfin shares. Just my thoughts.
Pretty obvious I am referring to the future for employee stock options after a merger. Note the word "later."
Not really, they can print whatever they need to for stock options later. But I think it's a good question, one I've wondered about, too.
Buyer pressure definitely building here.
Mr. Egan seemed to think it was a good idea to throw himself before the mercies of the Delfin court.
Yup, That's an unknown. They'd be at the discretion of the company unlesss shareholders elected to change the share count.
Nope, never heard of your position before. See quote from the link below.
"A company may refrain from issuing all of its authorized shares to maintain a controlling interest in the company and therefore prevent a hostile takeover."
https://www.upcounsel.com/authorized-shares
For the record.
A reverse split changes ALL shareholders interests proportionally.
If you had 70% ownership of the outstanding shares before the split, you do afterward.
No assets are at risk in either a forward or reverse split. All that changes is the PRICE of your shares, either up or down. That's it.
Never said there would be, in fact I've said the opposite.
But there are some folks here who don't quite have their facts correct on how a reverse split would work if there were one.
What is a Reverse Stock Split? Securities Lawyer 101 https://www.securitieslawyer101.com/2015/reverse-stock-split/
Good catch, well done, most significant finding in the Form-10k.
MANAGEMENT PLANS
Management anticipates continued funding from Delfin as it determines the direction of the Company.
**********
I find the above language from the 3/30/18 Form 10-K to be very encouraging, and bullish.
The SEC filings are your guidance.
Your question is a fair one. Cost benefit analysis puts RM ahead of an IPO.
Figure $7-12M for an IPO easily, and 6-12 months for underwriting, and dog and pony show. Issuer needs to pay dealer concession, too. And, no $166M NOL carry forwards.
They've cut a sweet deal with TGLO. Mr. Egan gave them what they needed, clearly.
Precisely why I continue to accumulate.
Thanks, that was a gutsy buy, and I hope it works well for you long or short term.
We're at 826K and counting.
Anyone else curious what IHUB float is here?
I'm controlling 343k. Let me know and I'll add it up again. Totally voluntary, nobody needs to feel or infer anything toward members who want to stay private.
I'll be sure to post by the open the total, and you'll see voluntary disclosures as they come in here, too.