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Yes I did, I am riding this one where ever it goes no one is going to scare me into selling. I have yet to find the toxicity here . And I ask everyone this, "which is more valuable a rich man's dollar or a poor man's dollar?" It is a trick question of course because one dollar is the same as another dollar, however it is the attitude towards the money that makes the difference. This is why I believe with maybe perhaps a small reverse split this thing can go to $20 overnight.
And I will tell you something else that has happened in this one that never happened in the other one I had experience with: The language in the filing seemed to be directed at Long time shareholders, I believe it said something to the effect, "TGLO share holders do not need to take any action… They should look at the biographical information of the new owners ...". To me that said, "hang tight people."
Many years ago when I was young and foolish I invested in one of these penny stock reverse merger situations. The problem was I focused too heavily on the reverse merger part and not enough on the WHO. It turned out that the guy merging into the shell was just a complete nothing with no real ideas of what to do with the shell once he got it. This is obviously the exact opposite situation here. Another thing that I would like to mention about that previous situation, they were forced to announce the reverse split before it happened, so at least everyone had a chance to bail out, thus far we have not heard anything about it which seems to bode well.
A simple explanation for anyone that is confused :
Most otc stocks have share counts in the billions, this one has a pending deal worth billions. Slight, yet important distinction.
A simple confirmation via filings with no PR could send this ballistic. At that point the new company could find itself with the fortunate problem of deciding upon an enhanced structure to take it to the exchange of its choice. A small 1/4 rs on the float could then take it from 5 to 20, which would fit it nicely amongst its peers. Will be interesting to see what they do. I am certainly not telling anyone to bet the house on this however it definitely looks like it let it ride situation to me.
"Turning over assets" ???? Is that how Reverse mergers work? And another question you need to ask, "if the share structure is sound, and shares of the float are initially offered at a heavily discounted price, will the market react accordingly and buy up those shares until the newly formed public company reaches its proper market cap?"
You either have faith in the market or you don't. I believe in the market.
Everyone knows that the OTC is full of...shall we say, "less than honest" CEOs. However that is not the case at all here. These are very serious businessmen. They don't issue PRs for the sake of pumping anything, it's so far out of their way of thinking that they would immediately fire anyone in their circle who suggested such an idea. They deal in cold hard dry facts ONLY. It's actually rather humorous the way many OTC traders are looking at this. They've never encountered anything like this before, so they don't know how to react when a CEO doesn't act like a used car salesman.
This is not a NASDAQ stock. AMEX is much more likely. AMEX is commodities driven whereas NASDAQ is tech based. I understand that floating platforms for liquid natural gas extraction is a relatively new endeavor, however it is not NASDAQ "tech".
Yes it is. Also, if they are creative enough, they can take some of that 71 percent and turn them into "preferred shares." These types of shares are usually locked up and can not be traded for a period of months or years. BUT the great thing about these shares is they can secure TOP TALENT for your team, as well as MORE capital from investors looking for a secure investment.
Thank you Spry, my thinking is that Delfin would like to establish a proper mix of equity and debt. Right now Delfin has a 1.5 billion dollar loan from the Bank of South Korea. By raising billions on a public exchange they will be able to move the business forward at a higher speed as well as gain greater access to credit if necessary
Spry, here is the 8 Billion dollar deal that Delfin LNG gas inked with China.
https://www.yicaiglobal.com/news/china-gas-signs-usd8-billion-investment-project-us-delfin-lng
Very simple math shows that a pps of 20 with 400 mil shares is equal to 8 billion.
It's all a rough guess off the top of my head, but anyone can look at similar public companies operating in this space and see that they have market caps that are very comparable.
Remember a lot of stocks trade in multiples of earnings, So 20 per share could be low
I say AMEX because it's not tech, the players are more old fashioned, they like to have human traders on the floor. Overall the AMEX is a better exchange for these guys all IMO
Because with 400 million shares in issue and a public float of 20 per share the company is par with its 8 billion dollar deal sitting on the table. IMO
AMEX, this is not a NASDAQ stock IMO
He will be able to sell them for 20/ share soon enough.
The majority of TGLO common shares are worthless to Egan because he doesn't have a business capeable of selling them to the public. But you see...he's keeping about 5 percent of these because they just might gain value under new leadership. Whose he going to sell them to without a public float? So there's your answer, happy new year.
Here's an article about Fred's desire to get into the Liquid Natural Gas sector.
http://www.worldoil.com/news/2016/7/18/energy-veteran-betting-on-lng-bounce-sees-future-floating-at-sea
One of the things that billionaire entrepreneurs like to do is invest in or start multiple companies. Warren Buffet comes to mind, anyway...
So Fred Jones, one of the founders of Glencore in 1974 hires accountants that don't know tax codes?
Ok. Simple math here, 1974 was 43 years ago.
I side with the tax experts on the Delfin LNG staff that have successfully navigated international tax laws for the past 40 years.
I do know that a test period of three years is required under 382 of the IRS whenever a change of ownership occurs in a publicly traded company.
Delfin will not be able to show any profit until 2021, but I am not worried because its prime competitor in the sector currently has earnings of negative 2.37 per share yet trades at 53 dollars per share on AMEX. However it has only 200 mil shares in issue, so that is something to think about, perhaps divide 53 by 2 and come up with the potential pps here.
Macro Level: Trump's Campaign Trail Claim to bring money and jobs back into the United States appears to be coming true.
It is not a coincidence IMO that this event occurred shortly after the reduction of the corporate tax rate from 35 to 21 percent. If you look at the current structure of Delfin LNG you will see that they are stationed all over the globe.
Coming back to the USA probably makes a lot of sense for a lot of reasons aside from the NOLs.
Simple way to see it. Delfin LNG has an 8 Billion dollar deal sitting on the table. The connections to Delfin LLC have been established. This is a creation of Fred Jones who was a founder of Glencore in 1974. Go ahead and look that up. It's easy to do. Now take 8 Billion and divide it by the current amount of shares in issue which is 441,000,000. I come up with 18 dollars per share. Will the market decide that this is the companiy's correct value? That is to be determined by THE MARKET.
Originally TGLO IPOed in the late nineties just in time for the dot com meltdown, and it never recovered, but the CEO kept his filings with the SEC current because he knew that the shell would eventually have value.
As for the value of the NOLs...only a tax expert knows the true value and I tend to side with those of Delfin.
My Top Down Bottom Up theory:
This went TOP DOWN in the late 90s, and now that it potentially has true value coming in, with the exact same share structure in place, it could retrace UPWARD.
Comparable companies in the Liquid Natural Gas sector are trading between 10 and 53 dollars per share, however with only HALF the current number of shares that TGLO has in issue.
Whitespace is the next disruptive technology
https://www.techrepublic.com/article/white-space-the-next-internet-disruption-10-things-to-know/
Note that LDSR is entering this space and that the CEO has worked at Deutche Bank.
Combine this with the fact that ATT and Comcast are pumping BILLIONS into the US economy this year for expansion and .10 cents could be a low price here.
More DD: Looks like they are getting very close to going live
Notice the link ups, twitter is linked to their new investor relations page which shows the LDSR ticker
http://www.data443.com/investor-relations/
Notice that their tagline is "white space" security. This is what white space is, basically a part of the internet that goes mostly unused at the moment:
IT IS BEING CALLED, THE NEXT DISRUPTION
https://www.techrepublic.com/article/white-space-the-next-internet-disruption-10-things-to-know/
Yesterday after the Tax Cuts were announced, ATT said it will spend 1 billion in the US economy in 2018.
Comcast followed with an announcement of their own.
YES, THIS COIULD BE HUGE.