Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No it's good to point out. Egan is a very successful businessman, he lives in a mansion and has billionaires for friends.
https://sha.cornell.edu/about/deans-welcome/deans-advisory-board/egan.html
http://articles.chicagotribune.com/2005-01-16/business/0501160542_1_sales-price-michael-egan-real-estate
The globe didn't work out but this shows where the NOL's came from and why this is a valuable shell.
Wow, that's where all the NOLs come from. They lost 50 million in their first year and Micheal Egan has been there from the beginning as Chairman,
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11826
Which is pretty close to the share price where the old CEO would break even on the 22 million shares he kept in exchange for forgiving the 2 million debt the company owed him.
This should be a sticky, maybe instead of m1999's since that information is covered in other stickys?
Wow, I would never have guessed this company had that much, this is a big piece of the puzzle no? I don't know the rules for nols in a change of ownership but the picture is getting clearer.
Can a mod replace my sticky in the comments with this one? Better/more info and easier to understand.
Hard to deny the connection here,
The three people listed on that form after the changes are:
The CEO (Frederick P. Jones) and CFO (Matthew Well) of Delfin, and our temporary CEO Rusty Nichols.
Check the address listed for all three,
Delfin Midstream LLC
http://members.wtcno.org/list/member/fairwood-peninsula-energy-corp-64994
Delfin Midstream, LLC
1100 Louisiana Street
Suite 3550
Houston , TX
From the recent filing,
a change in control pursuant to the Common Stock Purchase Agreement, dated December 20, 2017 (the “ Purchase Agreement ”), between Delfin Midstream LLC (the “ Purchaser ”)
As previously described, in connection with the transactions contemplated by the Purchase Agreement, the current directors and executive officers of the Company will resign from the Board and from their respective officer positions with the Company, and William R. (Rusty) Nichols will be appointed as Chairman of the Board and President
Mr. Nichols has been associated with Frederick P. Jones, Chief Executive Officer and President of Fairwood, on Texas-based real estate and oil and gas investments for over 20 years. Mr. Nichols is a graduate of the University of Texas at Austin.
“We’re on the mission to talk to Chinese companies to get something signed up,” said Frederick Jones, founder and chief executive of Delfin Midstream LLC,
Delfin Midstream and China Gas Holdings – $8 billion
The companies are Delfin Midstream LLC
Nice! The post you were responding to was deleted because I cussed, but I reposted something similar here for context,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137149341
The three people listed on that form after the changes
Are the CEO and CFO of Delfin (Matthew Well), and our CEO,
Check the address listed for all three,
Delfin Midstream LLC
http://members.wtcno.org/list/member/fairwood-peninsula-energy-corp-64994
Delfin Midstream, LLC
1100 Louisiana Street
Suite 3550
Houston , TX
From the recent filing,
a change in control pursuant to the Common Stock Purchase Agreement, dated December 20, 2017 (the “ Purchase Agreement ”), between Delfin Midstream LLC
As previously described, in connection with the transactions contemplated by the Purchase Agreement, the current directors and executive officers of the Company will resign from the Board and from their respective officer positions with the Company, and William R. (Rusty) Nichols will be appointed as Chairman of the Board and President
Great find on that, no more bs about Delfin LLC, it's right there.
Who knows if the company would have been able to repay him, he might have done this just based on the possibility, but I'll keep shares here just based on the possibility.
The CEO was willing to forgive 2 million of debt to let Delfin purchase the shell, hopefully he did it for a little more than just a hope that they would move in.
The CEO of Delfins company Fairwood Energy Peninsula Corp is incorperated in Deleware, and they do business in Texas Who cares? It doesn't matter what state they are in.
https://www.sec.gov/Archives/edgar/data/1620325/000114036115014491/xslFormDX01/primary_doc.xml
Here, so people reading the stickys can see the DD that shows all the connections,
I don't think it matters what they bought the shell for. The new temporary CEO has many connections with Delfin,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137135205
Not to mention the fact that the filings mention Delfin Midstream LLC by name, and there are many articles about the company that do the same.
Here's a Reuters artcile with the exact words Delfin Midstream LLC and it's president Frederick P. Jones,
“We’re on the mission to talk to Chinese companies to get something signed up,” said Frederick Jones, founder and chief executive of Delfin Midstream LLC,
Delfin Midstream and China Gas Holdings – $8 billion
The companies are Delfin Midstream LLC
Just wanted to reply to this so people reading the stickys can do some DD,
I don't think it matters what they bought the shell for. The new temporary CEO has many connections with Delfin, not to mention the fact that the filings mention Delfin Midstream LLC by name.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137135205
Here is a CNBC article, one of a few, that mentions Delfin Midstream and it's President, and the 8 billion dollar deal with China Gas Holdings,
https://dmlnews.com/trump-delivers-37-deals-american-companies-made-china-visit/
Here's another one with the exact words Delfin Midstream LLC and it's president Frederick P. Jones,
https://www.reuters.com/article/us-trump-asia-china-energy/hot-air-u-s-gas-exporters-rush-to-sell-lng-to-china-idUSKBN1CW1H8
Here's another good post, the new temporary CEO and the CEO of Delfin share the same address,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137139641
Haha, uhh the temporary CEO is one of the owners of Peninsula Group, who, have been working on the project for years,
Delfin states that principals of FWNRL and the Peninsula Group have been working on the
development of Delfin’s Liquefaction Facility for several years.
FPE Corp, and indirectly the majority owners of FPE Corp’s direct corporate parent, Fairwood Welbeck Natural Resources Pte Ltd, a Singapore corporation, and the Peninsula Group, continue to retain the remaining ownership interest in Delfin, and continue to have the sole right to control Delfin and to direct its management and policies.
No, he is a temporary CEO until the next shareholder meeting, the DD here will win every time, the connections are there. If people read the DD here we win.
They have an 8 billion dollar deal with China Gas Holdings from the recent trip,
https://dmlnews.com/trump-delivers-37-deals-american-companies-made-china-visit/
Haha, it's not news yet, they have the shell now, if they go public then a company in talks with 8 billion dollars deals on the table will be moving in here.
Here is some DD proving they are connected, please respond.
Rusty Nichols (new temporary CEO) is definitely connected to Delfin.
Delfin was wholly owned by Fairwood Peninsula Energy LLC when Rusty was a director from 2013 to 2015, before it became Fairwood Peninsula Energy Corp, more connections within the link,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137135205
We've pointed that out to him, CNBC and other articles mention Delfin Midstream LLC by name, this article is about how Delfin was one of 29 companies Trump took to China this year,
https://www.cnbc.com/2017/11/02/here-are-the-corporate-dealmakers-joining-trump-in-china.html
Please see my post here, Rusty Nichols (new temporary CEO) is definitely connected to Delfin, impossible to deny it.
Delfin was wholly owned by Fairwood Peninsula Energy LLC when Rusty was a director from 2013 to 2015, before it became Fairwood Peninsula Energy Corp, more connections within the link,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137135205
Just found some decent DD tying Rusty Nicols into the project, that's the only missing piece or me other than if they actually decide to move the company in.
Toxicavenger pointed out that Rusty resigned from Fairwood Peninsula Energy CORP in 2015 when They made this filing, previously it had been Fairwood Peninsula Energy LLC when Rusty was a director.
https://www.sec.gov/Archives/edgar/data/1620325/000114036115014491/xslFormDX01/primary_doc.xml
Couldn't find much on Fairwood Peninsula Energy LLC at first, but I did find Rusty's linkden page where he is owner of the Peninsula Group,
https://www.linkedin.com/in/rusty-nichols-b0171236/
Then I found this Delpin filing with the US energy department,
https://energy.gov/sites/prod/files/2015/04/f21/Delfin_April_1_2015_update.pdf
As explained in Delfin’s applications and previous semi-annual progress reports, Delfin was wholly owned by Fairwood Peninsula Energy LLC, a Delaware limited liability company (“Fairwood Peninsula”), which in turn was owned by FWNR Energy Holdings (USA) Corporation, a Delaware corporation (“Fairwood USA”), and the Peninsula Group.
FPE Corp, and indirectly the majority owners of FPE Corp’s direct corporate parent, Fairwood Welbeck Natural Resources Pte Ltd, a Singapore corporation, and the Peninsula Group, continue to retain the remaining ownership interest in Delfin, and continue to have the sole right to control Delfin and to direct its management and policies.
So thin, shorts look screwed. CANT begging for shares at .0245 and ask at .029
Thanks that's another article that says "Delfin Midstream LLC"
https://www.cnbc.com/2017/11/02/here-are-the-corporate-dealmakers-joining-trump-in-china.html
Trump traveled with 29 companies on his China trade mission and Delphin was one of them,
https://ca.reuters.com/article/topNews/idCAKBN1CW1GY-OCATP
Haha, I think the DD speaks for itself, very hard to say there is no connection, the Delaware SOS doesn't really matter, like Helter said it could be registered there because that will be the public entity, and public entities usually register in Delaware.
Exactly, and his current business address is the same as Delfin LNG,
Mr. Nichols’ principal business address is c/o Fairwood Peninsula Energy Corporation, 5949 Sherry Lane, Suite 950, Dallas, TX 75225
The sticky is incorrect, see my post here, plenty of DD and information to confirm,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137129518
No, the filing clearly states that the new CEO is associated with Fairwood, which is owned by Delphin LNG LLC,
http://www.evaluateenergy.com/View/4998--co-coInfo/company/fairwood_peninsula_energy_corp
look at Fairwood's address,
William R. (Rusty) Nichols , 68, has been involved in the civil construction, real estate and oil and gas businesses for 40 years. Mr. Nichols is semi-retired and from 2015 to present has invested in various business enterprises. From 2013 to March 2015, he served as a director of the predecessor entity of Fairwood Peninsula Energy Corporation (“ Fairwood ”), a midstream LNG company focused on providing critical infrastructure for the floating liquefaction industry. Between 1980 and 2004, Mr. Nichols was responsible for real estate developments in Texas with over $400 million in finished product sales. He was one of the earliest people to be involved in the leasing of properties in the Barnett Shale and was on the Panel of The Fort Worth City responsible for drafting drilling ordinances, with particular emphasis on residential drilling. Between 2001 and 2008, Mr. Nichols was closely involved with XTO Energy Inc. in the drilling and completion of gas wells during the transition from vertical to horizontal fracturing methods.
Mr. Nichols has been associated with Frederick P. Jones, Chief Executive Officer and President of Fairwood, on Texas-based real estate and oil and gas investments for over 20 years. Mr. Nichols is a graduate of the University of Texas at Austin.
Mr. Nichols’ principal business address is c/o Fairwood Peninsula Energy Corporation, 5949 Sherry Lane, Suite 950, Dallas, TX 75225.
Mr. Nichols was not provided with any compensation in connection with his appointment.
Please read here,
“We’re on the mission to talk to Chinese companies to get something signed up,” said Frederick Jones, founder and chief executive of Delfin Midstream LLC, which is building floating LNG vessels that would sit 50 miles off the coast of Louisiana.
Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15-year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said.
But industry veteran Jones told Reuters in an interview that Delfin is also tapping unnamed Chinese banks to fund its ambitious $8 billion as the current global supply overhang in liquefied natural gas (LNG), with bumper exports also expected from Australia and Qatar, makes Delfin's target of a final investment decision (FID) in 2018 challenging.
Oh boy here we go,
“We’re on the mission to talk to Chinese companies to get something signed up,” said Frederick Jones, founder and chief executive of Delfin Midstream LLC,
Haha,
an LLC that probably has no money of it's own
Hopefully we see shorts cover now.
This other article makes it sound like they already made the 8 billion dollar deal, good lord.
https://dmlnews.com/trump-delivers-37-deals-american-companies-made-china-visit/
The question here is if delfin is really going to move the company into this shell.
Not even on breakout boards yet.
This as hell now after getting those sellers out. Check the L2
I think it was either big money buying or mostly short covering over 2 the way it moved. This time there might be short covering over 3.
Delfin one of 29 companies approved to travel with President Trump on it's trade trip to China last month,
https://ca.reuters.com/article/topNews/idCAKBN1CW1GY-OCATP
Next leg already, this thing is a beast.
Don't sell to these shorts, let the bid grow