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The 13D tells the story:
. Fairwood Welbeck Natural Resources Pte. Ltd. (“ FWNR ”) owns approximately 28% of the equity interests of Fairwood and may be deemed to control Fairwood. The address of the principal office for FWNR is c/o Toombs Hall & Foster, LLP, 5949 Sherry Lane, Suite 950, Dallas, TX 75225.
. Talisman Global Capital Master, L.P. (“ Talisman ”) and its affiliated entities owns approximately 29% of the equity interests of Fairwood and may be deemed to control Fairwood. Talisman is affiliated with two of Fairwood’s directors. The address of the principal office for Talisman is 510 Madison Avenue, 7th Floor, New York, NY 10022.
The 2 key words in each of these descriptions is equity interests.
Equity can and often does include stock ownership in a company. This 13D clearly shows that they also just purchased approximately 71% of commons, giving them full control. Their reporting of other shares in specific amounts that any one with common sense would have acquired prior to this transaction is not necessary on this document, however it is covered by the description of ownership of equity interests.
Furthermore, they clearly let the public know that they very well could be in the business of acquiring more shares in the near future:
. [In addition, the Reporting Persons intend to review on a continuing basis their ownership of Shares and may from time to time, increase or decrease their ownership of Shares depending upon the price and availability/i]
Additionally, they cover themselves by making the public aware that no one listed on Schedule A has done the following:
. Except as described herein, there were no other transactions with respect to Shares effected during the past 60 days by the Reporting Persons or any of the persons listed on Schedule A.
Outside of that 60 day window I am betting that they bought every share they could get their hands on. IMO it should be reflected in the 10-K, but I am not an attorney, although I did complete one semester of business law at a small college and received an A minus.
In plain language, “I could be wrong.” However, I just do not see why they would want to mess around with the SEC.
This board can be very entertaining. I saw more than one post referring to Talisman’s purchase of shares at a price over $7 per share. That makes ZERO SENSE, because as you can see from Talisman’s Jan 3 2018 filings, their transactions were listed as sales, furthermore because Talisman is currently in the business of raising capital for this enterprise, they would be buying LOW and selling HIGH.
It is my speculation based on the math of dividing the value of the NOLs by Egan’s 4.99% that the two $76 million dollar transactions.could be the sale of Egan’s shares via an escrow-contingency agreement drawn up in Talisman’s office where seller, Egan meets buyer- INVESTMENT BANK. Two separate sales at the same price for a very interesting amount of cash raises a few ideas about possible scenarios. But it would be a THIRD PARTY coming through with the money, not Talisman/Fairwood.
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001566538&action=getcompany
Anyway, from my Urban Myth book about MM secret signals, I noticed an EOD buy for 500 shares. Will they gap it up today?
How long till they pull the plug
The theory is that they sold those shares, probably in escrow until finalization. The only people that could afford to buy them are people that could sell them to the public complete with a prospectus, at double the price or more...that would be an investment bank.
The theory is that they sold those shares, probably in escrow until finalization. The only people that could afford to buy them are people that could sell them to the public complete with a prospectus, at double the price or more...that would be an investment bank.
How about this? I’ll give you a glimpse of the trail I am following. IMO the money involved here is as old as time itself. You know the kind I’m talking about? It’s the kind that never loses. Most of us go through life living as cavemen, watching shadows on the wall, never considering what causes the shadows to move in the first place. That’s a reference to Plato’s Allegory of the Cave BTW. Everyone should read the Cliff Notes at least once.
Talisman is the key. At first I couldn’t connect the group on our BOD directly to the massive one of the U.K. which is controlled by the Pears Family. Read this and you will get a brief glimpse. They speak in public about once every 60 years, so take note...I found their IPO shares in Facebook to be something that everyone might find to be noteworthy. A sure fire 100-1 shot. Gotta love those plays right?
https://www.telegraph.co.uk/finance/financetopics/profiles/8569562/Pears-family-comes-out-of-the-property-shadows.html
Now let’s go back to 2006. A little company called Endeavour from Houston TX (a $40 per share NYSE stock at the time) buys this company from Talisman:
https://www.rigzone.com/news/oil_gas/a/37714/endeavour_completes_talisman_expro_acquisition/
So what? Nothing to see here right?
Flash forward to 2014, Jason Kalisman on our BOD of Talisman, is attempting a hostile takeover of Endeavour, which is now on shaky ground, the sharks smell blood in the water. Endeavour tried to defend itself, accuses Kalisman of not understanding their business because Jason’s plan is to save the company by selling certain US assets to focus on saving the North Sea Project:
https://www.prnewswire.com/news-releases/endeavour-sends-letter-to-stockholders-259214621.html
Endeavour “won” the fight for control of its BOD, but 6 months later it became a pink sheet. It’s in the greys now, their assets have been sold. Turns out they should have listened to Talisman and avoided complete failure. BTW there was a hit piece put out by the media against Jason over an unrelated hotel deal, and 6 months later Jason quietly also won that battle. This guy wins. Talisman wins, they always win.
Is this them again? I’m beginning to think YES.
https://en.m.wikipedia.org/wiki/Talisman_Energy
Yesterday’s action. Looked like a 400k + open market cross trade to me. Somebody had em. Somebody needed em and it got done.
Are we going to see a receipt for the deal I speculated has occurred concerning Egan’s shares? LOL, read the first link, then read this one, and then read some of that Plato I mentioned and there’s your answer
http://www.talismanglobal.co.uk
Interesting one here. A little, along those same lines as ms but bigger
I’ll give you a hint:
It’s the fund...its history
I’m as close to a smoking gun as you’ll get
Everyone:
I believe I’ve uncovered a bunch of new DD, and I’m on the path to almost being able to blow this thing wide open. It’s bigger than the conferences or the 10-K. IMO since the conferences are sponsored by their competitors, you are very unlikely to see Delfin crash their party, but who knows, they could do a fly over. At least 2 of their competitors are soon to be penny stocks IMO so I hope they have fun and polish resumes and figure out where they’re going next between speeches drinks and food. Good times. Delfin works while they play.
So what’s my new DD? Anyone can find it. I’m not posting it until kickoff, and of course at that point it won’t really matter, but at least for those of you that are interested in taking a true long position, you will have another small piece of DD to give you confidence moving forward into NASDAQ.
Be good and be smart. I think we are all very fortunate.
Looks like the Dump part of the Pump...what was this one supposed to do? Organic housing for urban pot heads or some crap? LMFAO
What the hell is this crap?
Just a FYI, you guys are aware that bitcoin is now being taxed by the IRS as property right?
https://www.google.com/amp/s/www.cnbc.com/amp/2017/11/30/bitcoin-investors-beware-the-irs-wants-its-cut-and-you-may-not-know-it.html
In fact, it’s such a new legal hassle that lawyers are cropping up all over the place that supposedly “specialize” in the new tax code.
https://www.bitcointaxsolutions.com
Good luck on dealing with the IRS, they are such smart up to date people that will surely understand fractions of “coins” composed of crypto code.
Until now, Talisman, the Hedge Fund that we all know to be on the BOD, has not been my main focus. I think we’ve all over looked something here, despite the fact that Money Man did post the raw DD in mid January.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001566538
Little data is available on these funds, but from what we can see here, Talisman, the 28% owner of Fairwood on its BOD, is a 375 million dollar hedge fund. In any other OTC stock, just this info alone would excite the living hell out of the market. If an entity worth 375 million controls 28 percent of the company, then even if all the other pieces of the company were coming up goose eggs (0000), you can come up with $.84 pps based on that alone. Now, the first poster of this sec link stated something to the effect that, “it looks like the Hedge Fund recently raised 150 million dollars.” This is based on two separate “sales” posted on January 3rd of this year at 76 million each. In fact the dollar amounts are identical. It looks like two blocks of equal value were sold and pooled into the fund. My question is,”what were they selling, raffle tickets?”
When news of this RM first hit, many of us looked at the NOLs and divided it by the number of shares that Egan would keep. Well, Coincidentially you will discover that the pps comes out very close to the $7.62 per share originally calculated. Imagine if sales of two identical blocks of 10mil “raffle tickets” were put into the Hedge Fund’s escrow account? Maybe it’s just a coincidence? Yeah that’s it.
Business has often been said to be about relationships. Jason Kalisman’s Grandfather owned Sotheby’s. Egan is not only a great businessman, he is also an artist and collector of fine art. IMO, this deal has a highly creative element to it, and I believe that the commonality of Kalisman and Egan and their close proximity in FL, got the ball rolling to say the very least.
So who has the pocket change to buy a couple of blocks of raffle tickets for 76 mil a pop? And why in the hell would they do something like that if they saw little benefit to themselves?
If you go back and listen to the conference call with Golar you will notice that the guy asking the question about the Delfin project is from Morgan Stanley.
Did you know that Morgan Stanley has a 5.8% stake in Golar?
https://thefly.com/landingPageNews.php?id=2461860&headline=MS;GLNG-Morgan-Stanley-reports--passive-stake-in-Golar-LNG
We all know that the Mark 2s being built by Golar will have a massive impact on both Delfin and Golar, and since Morgan Stanley has a vested interest in Golar my street smart brain tells me that Morgan Stanley just might have or will soon have a vested interest in Delfin.
“Wait,” some might ask, “does Morgan Stanley do IPOs or RMs which are basically another version of an IPO?”
Why yes, yes they just so happen to do that type of work.
https://www.morganstanley.com/ideas/alibaba-turns-to-morgan-stanley-in-largest-ever-ipo
Backing this would be a walk in the park compared to their previous work.
But this is just one Man’s opinion, but I think I’m pretty damn close to having this one figured out. We’ll see. Good luck to All, the 10-K has to show up by EOM, so that’s coming at the very least.
This thing could hit .25. I have no idea, no crystal ball, but since I’m lucky enough to be on a free ride, I’m holding. Put a lot into....tempted to get more
Yeah not sure. I’m down to 2 mill of the 10 mil I had from August when this was a complete nothing and I took a shot at it based on volume...btw 375 million is the face value that we can see in the 28 percent Ownership. If everyone else on the board of directors brought in nothing it would be a .84 pps. And we know there is a hell of a lot more going on than that. I’ll give a full analysis tomorrow.
This info was found by my associate:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001566538
Added up it looks like the Hedge Fund has sold 375 million dollars of something.
Like many of us have noted before, Hedge Funds only need to disclose very little.
Well, at least we now know these guys can raise money.
LOL I’m waiting for a much smarter investor to tell us that, “Looks like they already got the money, no need to go public now.” LOL
Because that’s how this works right?
Where does that kind of backing put the pps, hypothetically speaking of course because of course this is neither here nor there...nothing to see here folks.
10-K Instructions:
https://www.sec.gov/files/form10-k.pdf
As you can see, there are numerous legalities governing the filing of form 10-K.
I found this to be of particular interest:
Omission of Information by Certain Wholly-Owned Subsidiaries.
(Scroll to section I ).
. If, on the date of the filing of its report on Form 10-K, the registrant meets the conditions specified in paragraph (1) below, then such registrant may furnish the abbreviated narrative disclosure specified in paragraph (2) below.
. (a) All of the registrant’s equity securities are owned, either directly or indirectly, by a single person which is a reporting company under the Act and which has filed all the material required to be filed pursuant to section 13, 14, or 15(d) thereof, as applicable, and which is named in conjunction with the registrant’s description of its business;
Notice that Omission of information is only allowed if owned by a reporting company
However, in this case, the parent company, Fairwood, is the owner of Delfin as described in the 13d Statement of Beneficial Ownership. So even if the ownership roles were reversed, and Delfin was deemed the parent company, they would be required to report all ownership of equity securities.
From the 13D Statement of Beneficial Ownership:
Fairwood as the parent of Delfin Midstream may be deemed to beneficially own and have shared voting and dispositive power with Delfin Midstream with respect to 312,825,952 Shares representing approximately 70.9% of the Issuer’s outstanding Shares.
IMO the 10-K will have to reveal all Share ownership no matter which order the chain of command goes. Yes, the 10-K could still reveal that TGLO remains in shell status, however the Shares must be reported at the very least.
Anyway, Happy Saturday, thanks Spry, S2 everyone for the support, honestly I’m just an investor that digs deeper when the shells start hitting my position, plus have a 1 per day limit.
Sounds like you ripped your friends/teammates off, any of them still talk to you?
More evidence that we are witnessing a rare occurrence. From the 13d:
. Except as described herein, there were no other transactions with respect to Shares effected during the past 60 days by the Reporting Persons or any of the persons listed on Schedule A.
I drove off into the weeds of SEC rules last night concerning “safe harbor” for certain price manipulations regarding mergers. Found this Q very interesting:
https://www.sec.gov/divisions/marketreg/r10b18faq0504.htm
. Question 22: If an issuer has not made any Rule 10b-18 purchases during the three-month "look back" period prior to the announcement of a merger (or similar transaction), will it be permitted to effect Rule 10b-18 purchases during the post-announcement period?
Answer: No. If an issuer did not make any Rule 10b-18 purchases during the three-month period prior to the announcement of a merger or similar transaction, it would not be permitted to make any Rule 10b-18 purchases in the post-announcement period.
IMO this is why the “60 days” is cited. They needed to make at least one purchase in the 90 day window to qualify to make purchases under safe harbor moving forward. This seems like a major clue that they did acquire stock prior to filings. And remember these are rules designed to allow for what we are seeing.
That window from the 22nd of Dec to 31 Dec also seems significant since almost as many shares were traded in that time frame as throughout the entire month of January.
And since they were not official until the 31st, my feeling is that that period was “open season” for share acquisition...anyone that reads through this stuff will come across the 25 percent of daily volume stipulation. If you look at some of the end of day large buys it all makes sense that rules were being followed...they were waiting to buy based on daily volume.
Fun times. Most interesting investment I’ve ever seen. But yeah, anyone that wants to dump it and walk away, more power to you! REVERSE SPLIT COMING OMG!!!!!!! I’m sure we’ll hear that a few more times. But I’ve learned that things said here have little to no effect on this stock. It’s an either it WILL or it WON’T type of deal that’s been sitting in plain sight. Nothing to see here....
This thing is a bag of hot air. I saw that pump piece on Cramer, guy looks like a fraud.
He got booted for being a terrible CEO.
According to the 13d, a share buyback campaign was essentially announced on the 20th of December 2017:
In addition, the Reporting Persons intend to review on a continuing basis their ownership of Shares and may from time to time, increase or decrease their ownership of Shares depending upon the price and availability of the Issuer’s securities,
The price and availability seemed perfect on 12-22-17 when we saw TGLO’s highest volume day in recent history of over 23 million shares. If they were buying on that day, which was business activity conducted in 2017 then I believe it will show up in the 10-K.
If that shows up in the 10-K and nothing else is announced, this stock will be trading in the dollars by the end of that day. This is why I think that it will drop after hours, most likely on Friday March 30th. This gives them plenty of time to collect more shares.
People are trying to time this. If it happens after hours on a Friday, there will be traders that dumped shares earlier in the day as they do each Friday. Those people might not make it through the weekend. But the good news is they’ll still be able to buy in, just at a slightly higher price when the market opens again.
Total POS
Looks like this turd has blood on it
Wow. Will they shut it down today?
They clearly stated in the 13d their intention to buy shares:
In addition, the Reporting Persons intend to review on a continuing basis their ownership of Shares and may from time to time, increase or decrease their ownership of Shares depending upon the price and availability
(Yes it does say increase or decrease, but what do you think they’re doing when having as many as possible is the goal?)
The 13d was dated 12-20-17 to be effective 12-31-17. IMO the “to be effective” is for the transfer of the 70.9% of Shares they purchased in this agreement.
On 12-22-17 when word of this was known, 23 million shares traded. IMO the proclamation issued 2 days prior of their intention to “increase or decrease” gave them ample legal cover to acquire as many more shares as possible at that point, either by themselves or through a hedge fund. And remember, even if they acquired 22 million on 12-22, that would still be less than 5%.
Take a look at Fairwood Group. It’s broken down into many separate entities, which could easily be holding less than 5%. And as I noted earlier Ranbir Das was not listed as a subject of Schedule A in the 13d which came with this modifier:
(c) Except as described herein, there were no other transactions with respect to Shares effected during the past 60 days by the Reporting Persons or any of the persons listed on Schedule A.
Past 60 days? As I noted earlier there was a significant number of share purchases made 2 years prior, the last being in June 2017, well outside the 60 day window.
Let me put on my George from Seinfeld voice “60 Days Jerry!!!! Did you see that? 60 DAYS! Can you believe that? They are practically telling us they’ve got the rest of the shares locked in a vault somewhere!!”
Yeah I know, reporting rules yada yada...but here’s the thing, if we saw for sure that they have a significant amount beyond the 70.9%, then this would be trading in dollars already and is probably not helpful to them at this time. Take it for what it’s worth, just one guy's opinion.
It’s basically deductive reasoning based on reading the files and trading logs going back to the start of 2015. IMO, from the logs it is entirely possible that 70-80 million shares were accumulated in this time period. Days, weeks and sometimes months would go by with little or no volume, then a flurry would occur, then NOTHING again, back into long periods of silence. The last volume spike occurred in mid June 2017, well outside the 60 day window that the company cited in the first 13d issued on Jan 11 2017. In that citation they state that no one listed in exhibit A had purchased stock within that 60 day time frame.
10-K could be Huge, may drop anytime:
Look at this list of original investors/directors from 2015:
https://www.sec.gov/Archives/edgar/data/1620325/000114036115014491/xslFormDX01/primary_doc.xml
Notice that they are all listed in exhibit A on the 13d, except for one:
Ranbir Das is the only one absent and no deletion of him as a director has been filed with the SEC:
Scroll to Exhibit A:
https://www.sec.gov/Archives/edgar/data/1066684/000114420418001789/tv483103_sc13d.htm
We know that Ranbir is still the managing director of Fairwood Group and that they comprise a key part of FNWR, which owns and controls Fairwood:
Fairwood Welbeck Natural Resources Pte. Ltd. (“FWNR”) owns approximately 28% of the equity interests of Fairwood and may be deemed to control Fairwood. The address of the principal office for FWNR is c/o Toombs Hall & Foster, LLP, 5949 Sherry Lane, Suite 950, Dallas, TX 75225.
Here’s more evidence:
https://littlesis.org/org/149623-Fairwood_Welbeck_Natural_Resources_Ptc._Ltd
So based on the fact that we can see that shares were bought prior to the final transaction and that FNWR led by managing director Das was left off the list of 7 BOD members (because he’s already running part of the company as a director with 28 percent control),then it just makes too much sense that Ranbir and Fairwood Groupare holding shares, and since they were not listed in exhibit A they did not report at that time.
So I think Fairwood Group has the shares. I think all of this will have to make it onto the 10-K, which is going to be a very long one this time.
People heard “April” for a meeting with Golar and are trying to time it so they can make other trades. Good luck, the 10-K is coming this month and NOT EVERYTHING on it is a repeat of The Globe’s info. They did control it officially for the lastday in 2017 and therefore changes to the 10-K must be made. Furthermore we all know that shares were most likely acquired on the big flush out of 12-22-17, probably bringing them to a grand total of at least 400 mil shares.
AND ONE MORE THING- people keep citing, “hedging their bets.” Isn’t that basically what going public is? You’re betting that the public is going to like your ideas and that you will be able to raise additional capital other than loans from banks. That’s essentially what it means in this case but people let themselves get psyched out by it which is hilarious because it just shows a basic misunderstanding of the definition. Not only that, it was not direct language from the company itself, just an un cited source from an article.
POS says what? Speak English thanks
NO VOLUME ON NEWS! TOTAL PD TRASH. TOTAL LIE
YOU WILL LOSE ALL MONEY!
Terrorist Scam Company ILLEGAL!
Get out now TOTAL SCAM
PUMP AND DUMP GARBAGE thin to .0001
I figured it out!
Maybe, we’ll see.
Many of us have been talking about “missing shares.” This has come about because although the known float is around 106 mil plus Egan’s chunk, we all know that it doesn’t trade as if the float is of that size. There’s another block that’s not trading.
I’m not going to spell it out. But if you compare the 13d to the form D from 2015, you will notice an addition and a subtraction. You will also notice that Item 5 section C states “Except as described herein, there were no other transactions with respect to Shares effected during the past 60 days by the Reporting Persons or any of the Persons listed on Schedule A.”
IMO it’s because that person is not listed on Schedule A.
I’ll let you figure it out.
The unlisted person is still very important and involved and listed, not by birth name in other parts of the filings. I think there are several reasons for this.
Looks like a standard P and D. Probably some generic placebo in a bottle at best, total scam most likely. I don’t know what’s so hard to see about that, seems clear to me.
CUSIP:
I see a CUSIP number on the last amended 13d with Fairwood’s address directly beneath it. My guess is that they simply keep this number since they paid for everything else. It used to be the globe’s now it’s theirs.
They can change the symbol at will, it would be nice if they did, but it’s not necessary. Warren Buffet never changed the Berkshire Hathaway name, but by now I think everyone knows it no longer produces textiles or fabrics or whatever it originally did.
“What assets will be rolled in?”
Brief look at recent history: Enron started out as an LNG company before it went haywire and started its own commodities exchange, which used unacceptable accounting methods. Towards the end they started hiding losses in wholly owned over seas private subsidiaries. So.....IMO, especially since Fairwood is based in Houston, birthplace of Enron, that everything will need to be “rolled into” this new public company. Investors have to know exactly what they are buying. It’s entirely possible that Fairwood is already producing revenue via its other entities.
I see this as a major operation, much bigger than a pipe and a dream. How does Fairwood keep its other operations private while turning one public, one which would surely overshadow the parent company? So IMO it’s an all or nothing deal here.
For anyone skeptical of the PRs concerning Golar’s plans with Delfin, it’s also stipulated in SEC filings:
http://otp.investis.com/clients/us/golar_lng/SEC/sec-show.aspx?FilingId=12137963&Cik=0001207179&Type=RTF
And it looks like synergy has been built by bringing on a Key member to Delfin from Golar:
https://www.businesswire.com/news/home/20150428005230/en/Fairwood-LNG-Owner-Delfin-LNG-Announces-Appointment
For those that dumped at rock bottom, this is what synergy means, it can also be applied to business:
http://www.dictionary.com/browse/synergy
Thanks for playing!
IMO March 30th is a Friday. Generally speaking you can figure out a persons future behavior by their current and past behavior. First Q 2018 is a clean slate. This new venture began on Jan 1. They seem to operate with precision. I’ll let you figure it out, but my guess is there will be a trading halt at some point, then sometime after that we will find out the answers to all the questions.
And remember, “corporations are people too” according to the Supreme Court- happy Friday
“The company” is one guy from a part of the world that exits in a ruthless state of kill or be killed. I spent a year on its border with Afghanistan, I know what I’m talking about. If the average American knew what your war vets know, there would be several capital cities over there in piles of rubble and the war would be over already. But you’re insulated. The govt media complex wants you to keep buying stuff and moving along as if everything is just fine. Don’t look at Vegas, nothing to see there just move along
He’s smart enough not to have his fingerprints on what now looks like a very very shady shady scam scam Having fun yet?
It’s not a low floater, it’s a low sinker, big difference