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Does anyone know what Fairwood Peninsula Energy Corp (Fairwood LNG) has besides Delfin? Maybe it is mostly Delfin so stepping down as CEO of Fairwood wouldn't be a big deal.
Would it make sense that Delfin has it's FID, investment dollars etc. in place so when they do the RM they can tell their story to the street.
GE has 43 billion in their pension fund, what they have talked about is the pension fund is underfunded not the same as liabilities. They are not alone a lot of major companies are underfunded.
I may be wrong but isn't there some stipulation that the RM has to be in the same year the 8K is filed which was Jan. 11th 2018
Anyone have predictions of earnings on Friday?
I doubt if Rick will post again. Within 5 years the US will be the largest exporter of LNG. There is more gas in the Permian Basin in Texas than they can deal with now.
When they announce the RM does that happen that day or do they set a date for the ticker change.
TELL took over the shell Magellan Petroleum Company
They officially said they are doing the RM but it takes time to do an RM.
Yeah I was on their website, trying to find out, was not sure. Reason I asked I wasn't sure if Schlumberger pulled out of the Fortuna because of the whole project or the development of the FLNG. If it is the whole project then Delfin doesn't care they just need the FLNG.
So it is already proven technology?
JAB15 does Golar already have FLNG ships in service or is it underdevelopment?
Hope you guys are right just bought
New one for the board lets get off this ferris wheel, what will Delfin's new ticker symbol be?
Good news from GLNG about Delfin means their aligning the ducks.
I agree about WSJ but you missed my point but NP. GL
I don't know how a chart could tell anything on a penny stock like this ... I know accumulation etc. but there is so little volume. Lets face it if the RM is announced this chart will have one big spike up to who knows. If Delfin announces they are not going to have the RM the chart will have one big spike downward to zero. If nothing is announced it will fluctuate for who knows how long. As far as the WSJ article most people don't even know it exists unless you are following TGLO ( and why would you unless you know the story) and even then you have to register to see it. Delfin is private has no ticker so unless you follow the LNG market you don't know about them. Personally I found out about this from Zoonall on the TELL board a few weeks back. Came over here read a lot of past posts, searched everything I could, did DD and said what the heck might happen TELL did it, it's cheaper than IPO, Delfin has 70.9% shares (if not more) why wouldn't they. Anyway I have play money in it, if it materializes good chunk of change, if not didn't lose a chunk of change. Will not lose sleep
Actually Chairman :)
Delfin will not do the RM until they have all their ducks in a roll and are ready to go public, then they will tell Wall Street their story.
I would like to think that the rise in price here is because they are close to announcing their investment partners, although the volume isn't there to support that theory. If we start seeing increased volume then we know something has leaked.
Pyscho 6 cents up in this market today is good, the only thing that can bring this down is no investment money, and I personally don't think that is going to happen. Look for some announcements in the future but for now TELL is holding it's own.
TELL holding up good in a down market
I don't know near what everyone does on this board, but wouldn't the RM be announced by Delfin, when and if it goes through not TGLO in a 10Q.
Cheniere Energy had results today, said earnings rose from the spot market, Chinese are converting to natural gas so they don't have to wear the masks. Will be nice when TELL announces investors, this thing will really pop.
Okay good!!
Excellent
So you're saying since TGLO isn't a failed company the statement below will not hold true? Thanks
"You will receive a certain number of shares in the new company in exchange for your original shares, but that number will be considerably smaller than the number of shares in your original holding."
Sprycel
I got this excerpt from ZACKS on Reverse Merger, do you forsee this happening to TGLO below?
Original Shareholders
If you are an original shareholder in a failed company that is planning to go through a reverse merger, you will have a chance to vote on whether to accept the merger. Since your stock is essentially worthless, voting for the reverse merger might seem to present hope of eventually recovering your investment. You will receive a certain number of shares in the new company in exchange for your original shares, but that number will be considerably smaller than the number of shares in your original holding. For example, the new company may trade 25 percent ownership for the public shell. If the new company has 100 million shares authorized, it gives 25 million to the original company's shareholders. If the original company had 250 million shares issued, each shareholder will receive one share of the new company in exchange for 10 original shares. In this example, if you owned 1,000 shares of the original stock, you would receive a certificate for 100 shares of the new stock.
You know who knows, are they doing a RM big question, I would hope they have everything in place I would guess, when do they pull the trigger if ever right. There not going to go public until all the ducks are in the roll. All you guys are waiting for 10Q it won't be announced in that it will be announced separately.
Hey Pyscho & Zoonall I know this isn't the board to ask this, but that board is wacko and I value your guys opinion. I don't know if you guys read my post earlier today, but wanted to see if you have an opinion. There is not a lot going on this board but us, and now I own both. Play money there serious money here. Anyway if you can give me 2 cents worth I would appreciate it and Psycho I know you are a Moderator on this board, let me know if I go too far. Thanks
I got this excerpt from ZACKS on Reverse Merger or Split. So if Delfin has 70% of TGLO and say they keep it that way and reverse merge with TGLO does that mean from the example below, that existing TGLO shareholders would receive 30% of the new issued shares after merge? According to Yahoo Finance (not sure if accurate) outstanding shares 441.48M and float 106.6M. What does everyone think.
Original Shareholders
If you are an original shareholder in a failed company that is planning to go through a reverse merger, you will have a chance to vote on whether to accept the merger. Since your stock is essentially worthless, voting for the reverse merger might seem to present hope of eventually recovering your investment. You will receive a certain number of shares in the new company in exchange for your original shares, but that number will be considerably smaller than the number of shares in your original holding. For example, the new company may trade 25 percent ownership for the public shell. If the new company has 100 million shares authorized, it gives 25 million to the original company's shareholders. If the original company had 250 million shares issued, each shareholder will receive one share of the new company in exchange for 10 original shares. In this example, if you owned 1,000 shares of the original stock, you would receive a certificate for 100 shares of the new stock.
That doesn't make sense if you know for sure like you say that TGLO will be worthless why wouldn't you sell at .12 and bank a $10K profit. It is because you don't know and are hoping your wrong.
I got this excerpt from ZACKS on Reverse Merger or Split. So if Delfin has 70% of TGLO and say they keep it that way and reverse merge with TGLO does that mean from the example below, that existing TGLO shareholders would receive 30% of the new issued shares after merge? According to Yahoo Finance (not sure if accurate) outstanding shares 441.48M and float 106.6M. What does everyone think.
Original Shareholders
If you are an original shareholder in a failed company that is planning to go through a reverse merger, you will have a chance to vote on whether to accept the merger. Since your stock is essentially worthless, voting for the reverse merger might seem to present hope of eventually recovering your investment. You will receive a certain number of shares in the new company in exchange for your original shares, but that number will be considerably smaller than the number of shares in your original holding. For example, the new company may trade 25 percent ownership for the public shell. If the new company has 100 million shares authorized, it gives 25 million to the original company's shareholders. If the original company had 250 million shares issued, each shareholder will receive one share of the new company in exchange for 10 original shares. In this example, if you owned 1,000 shares of the original stock, you would receive a certificate for 100 shares of the new stock.
Reverse Split
Some new companies employ a further strategy to increase the number of shares available for use in raising capital. Since the new company has controlling interest, it holds a shareholder vote to reverse-split the authorized number of shares from 100 million to perhaps 10 million and, in the example, as an original shareholder, your number of shares will be reduced from 100 shares in the new company to 10 shares. This would be a 1-for-10 reverse split. The company then holds another vote to authorize 200 million more shares and issues 100 million new shares to raise capital. This further dilutes the value of your original shares. Many companies that have gone public through reverse mergers have large numbers of shareholders who own 10 shares or fewer.
There is your $11.00 nice volume
Pyscho thanks for that, it tells the story, I posted on TGLO before reading this, the article below explains the change of Magellan to TELL and the change of sticker and probably the stock itself. Wish I had MPET at .16 or .26 who cares if Tell honored it great is that what you think the stock justs transfers from MPET to Tell?
Pyscho (not sure why the name, read your posts there good don't reflect the name) Zoonall is good reading. I still don't know if the merged stock transfers to take over the stock of the new company. Zoonall has a good story very informational I haven't found any evidence of the stock transfers, it is like Magellan being taken over from Tellurian, I don't know if that happened I didn't own it before and I don't know anyone that did.
Hey a little out of my league here, I understand the reverse merger, save on taxes, no IPO costs ...etc. When companies do this they change their tickers and why would they let TGLO stock holders go from .13 cents to ... say $10.00 a share with a merge. It just sounds to good to be true I know I don't know enough about it, but why don't they just issue new shares. Is there a reason .. usually in penny stocks anything goes. I like what everyone is saying but just wondering if the RM comes to light why would we prosper.
Okay guys you have me wondering, I know why they do the RM because it is a lot cheaper to take a shell company than IPO, but the company as in Magellan still had a ticker MPET just like TGLO (please don't delete me :) . So why would would MPET or TGLO go up when merged with the company does the new company keep the existing outstanding shares? Tell has a different ticker (than MPET) so why don't they just issue new stock and start from scratch. Need a little help from you two.
Thanks for answering my question on TGLO board, I'm looking into TGLO thanks for the heads up. I went back to PR's when Tell took over Magellan Petroleum Corp. announced 2/10/17 it looks like TELL's chart was around $9.00. Do you know what Magellan Petroleum Corp. price was when TELL took over?
I'm new to the board, and have a question if Delfin does a reverse merger and takes over the ticker TGLO at say .13 cents how does that work. I mean if any company does a reverse split say 1:10 you loose shares but price goes up 10 times and less shares so it is a wash. Does a reverse merger mean you have the same amount of shares at say .13 but the new price is say $10.00 would appreciate some feedback. Thanks