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there will be buyers for his shares, there is no doubt about that. so they're not giving away $1billion, that just doesn't make any sense. and you obviously need to read up about insider trading a bit more because anyone related to the employees, friends, family, etc. making trades based on confidential material information is illegal and the SEC would absolutely do something about it as they have many times before. let me ask you something, if i had a business that was about to announce bankruptcy tomorrow, and i took it upon myself to sell all of my shares in the company today, do you think that i would get away with something like that? that's basically what you're asking us. why haven't i sold my shares if i know bankruptcy is tomorrow. it's insider trading plain and simple.
If they wanted 99% they would have just bought it outright. But they chose the stake they have and gave Egan 4.9%. It is all speculation but outrageous claims like that don't really help the discussion. If you have any real criticisms or concerns you're free to voice them but withholding info like you're in on some secret that points to this being a disastrous trade for bulls is contrived.
what are you seeing for total volume? i'm only seeing 635k which would only be about $110k traded
that second link kind of argues against your point on the very first page saying a r/s is usually so that the private company can gain majority ownership in the public company. this has already happened because Delfin owns a majority of the shares. so there would be no reason to dilute and then purchase a majority stake.
if a Delfin representative is now the director and CEO then can't he decide what happens with the authorized shares? according to the link posted about r/s, a company can elect to r/s all authorized shares so that no ownership is diluted. they can vote anything into action that they want to. it's not like theglobe.com realllly owns the company anymore. so if they desired they could make a r/s happen to bring the pps up without diluting their own holdings.
i was thinking they could achieve it both ways, but was just entertaining the idea of first uplisting and how that would be achieved. but i guess it wouldn't work out because anything other than increasing the actual market cap of the shell would only dilute Delfin's stake.
i think this discussion at least put toxic avenger's arguments to rest.
i get it, thanks for making me figure it out on my own lmao
ahhh i see. well then i guess any kind of r/s just doesn't make sense.
ok so you're saying the r/s only affects issued shares? and Delfin only owns 70.9% of issued shares?
it sounds like you're mixing up r/s with an offering ...
lose control of their assets? what are you talking about? Delfin won't lost control of anything as they have a 70.9% ownership that would remain a 70.9% ownership even after the r/s. it doesn't affect the value of the company or ownership at all.
i've definitely read all your posts. and i don't understand why everyone is treating r/s like it's a bad word. nothing happens other than consolidation of shares. the same end is still achieved that we both desire, just through different means that are probably more attractive to actual investors.
their ownership would only be diluted if they issued new shares after the r/s. a r/s is just a consolidation of shares. also they could definitely uplist without assets from Delfin. i just told you how that works. they have the shareholders, avg volume, and the only thing missing is the share price. r/s doesn't mean we all of a sudden lose value it just means the number of shares are consolidated against the market cap so that the pps goes up to levels required for listing.
i think uplisting to nasdaq comes before r/m. avg volume is high enough, shareholders of record is high enough. they are probably in talks with nasdaq about uplisting on the condition of some kind of r/s. 1:25 would get them over $4.00 then Delfin can control the news flow to keep them over $4.00
a closing price of $4.00 is usually required but i've seen nasdaq grant continued listing dependent on r/s numerous times.
i think there is a greater benefit to r/m into a nasdaq listed ticker instead of otcpink. it makes their company look more legitimate in order to attract the investors they'd want for the long-term.
any thoughts?
looked into the 'nasdaq' mention in the 10-K a bit more. in previous filings 10Q/8K/10K since 2016, the only mention of anything related to nasdaq is a comment about delisting to OTC markets.
in this new filing it is mentioned 7 times relating to listing standards.
you're probably seeing delayed orders from open market. they're not all reported straight away, especially with low volume and OTC.
doesn't trade premarket 'this security does not trade in extended hours'
this doesn't trade premarket
yes! the whole point of this ordeal is to get ~$100,000 out of the ihub investors and laugh at us for falling for a scam so they can go buy some jetskis weeeeee!!!
yeah Delfin has controlling stake, they can restructure anything how they see fit for themselves. so share structure could change at any point in time, but i too am hoping for the best! even in the event we get diluted 100:1, that's still a potential 8x return with an $8bil valuation.
likely because TGLO has to handle all the legal fees for the RM the money was transferred as a promissory note so that Delfin and TGLO have a responsibility of commitment to the discussed transactions between the two companies.
so Delfin puts up the money and in the event TGLO tries to break from negotiations, Delfin can demand the sum of the promissory note back in full, legally, at any point in time.
and to what capacity do you think they'll be using the shell to raise funds? what sum of capital will they gain by using the shell at its current valuation? even if they cycle investors into this ticker through a restructured share plan the maximum they can raise over any amount of time is dependent on the implied market cap of the company. if that never changes from between $40mil to $80mil then they won't ever be able to raise more money than that. $40mil is 4% of 1 billion so if they have options of getting financing from banks for capital in the amount of billions needed to make these contracts come to fruition what makes you think they can't get the additional 4% elsewhere and not through abusing a compliant shell ticker on the OTC? it just doesn't make sense to me. i'm not saying i'm positive anything will come of this at all but i just don't think that's a sound argument to the contrary of what sprycel has been putting up.
right and $25k x 1500 is about $40mil so my number was correct. and yes you're implying they'd keep delaying, which would lead to non-compliance. in the event they're intentionally delaying this 10k, they'd have 15 days to file as you said. so how would floating the price for ~18 more days at .12 benefit anyone? the numbers you're putting up just don't make any sense. there's no reason to buy a shell to liquidate for $40mil. in either case if they needed to raise a significantly larger amount than $40 mil then the pps would need to go up significantly before any new REAL investors even thought to touch an OTC "stinkie pinkie". and we both know pps comes from market cap. who are the investors going to dilute when they sell? the 10,000,000 shares of retail? (even that number is a stretch of what retail even probably own.)
i'm sorry but what does having the price sit at .12 accomplish for anyone and why would delfin be so eager to keep it there, enough to go through the trouble of dragging out filings and having the shell they just bought risk non-compliance? also in the event of a r/s and offering with preferred shares i only see the potential for maximum liquidation down to .00001 of around $40mil. and then what? that's not nearly enough money for any kind of substantial operations to deliver on the contracts they have. unless you're implying this is just a huge money-grabbing scam and all these contracts will be nullified. do you have any idea the amount of funds needed in order to just keep a ship fueled up with diesel, let alone transfer tonnage of cargo across oceans? the cost of hiring the crew and all the licensing that goes into the logistics of ocean transport of LNG?
for anyone not familiar with houston, this is the tower their office is in:
https://www.hines.com/properties/1100-louisiana-houston
sorry i needed the money for cheetos
lol that's what i was thinking, i don't remember their space program failing. in fact, they helped jump start SpaceX by selling them rockets.
i'm also interested pls pm me twitter handle
i'm asking about the 1.65 billion value he comes to :
"it is worth $82,476,366, then that asset has total raw value of approximately $1.65 B. Now this correlates nicely with the loan offered by the Bank of Korea for $1.5 B, because as many of us know, banks like to see some collateral when making a loan of this size. "
edit: nvm i get it, 82 mil is 5% of the total value.
how are you calculating total raw asset value based on the $82 mil ?
Ah not sure how I missed that. Thanks!
Is this the TA? Found from your post history.
https://www.vcorpservices.com/professional/about_us.php
Maybe someone can add this link into the info header.
Who is the TA they hired?