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Delfin is not giving away. They need the public to be listed on Nasdaq. This is not a traditional IPO. This is APO. It’s the public that will trade this in the exchange. No one needs to contribute anything to Delfin except the financiers and insiders! It’s like trading any other stocks, you don’t contribute anything unless you join the financing! You buy and sell. It’s called trading. No need to contribute. They need the equity to flow, otherwise nobody can sell and buy. They need 10 to 15% public.
Must read regarding R/M:
http://moritzlaw.osu.edu/students/groups/osblj/files/2013/04/2-14.pdf
I posted an article regarding the RM few days ago. did you read that one as well? That covers 1:1 direct mergers.
I was just bored and wanted to play with them. That’s all! LOL!
Most reverse merger completed at 80:20
Don’t be surprise if Delfin has already acquired up to 85% of the total. Only leaving 15% for the public including Egan’s.
If this is the case, then Delfin would not need 70.9% of the TGLO, 51% would do.
R/S makes no sense since Delfin already owns 70.9% of TGLO plus unreported by other parities (stated in the 10Q).
Owning 70.9% of TGLO, only 9% away from 80%. 8% is easy to get. Again 80:20 ratio is the reverse merger magical number. Watch and learn. 1:1 share exchange coming. Mark this post.
Assets and revenue will be reflected in the market cap. If there is R/S, SP will be sitting at $100 a share. If no R/S, it will be $20 a share at least.
two million % is peanut. Obviously you do sound like a beginner trader.
1:1 direct merger.
R/S makes no sense, they would have to issue more share to raise capital. Why reverse shares and then further dilute??!! They already have the shares needed! They just need to resell those shares. 80:20 ratio. Typical merger formula.
80:20 is the key.
Plus like I say, 80:20 ratio, the typical RM. direct merger is happening here. Perfect capital structure....
You know.....15% for the public and 5% for Egan are really peanuts......why R/S?
Delfin only needs 51% for controlling. Why 70.9%?! Why Egan keeps 4.99%?
Typical merger ratio=> 80:20
Direct merger will happen here.
Delfin and related parties already acquired up to 80% or even more.
No volumes in trading, all shares locked.
What if it’s a direct merger? Chance is high at 99%
A direct merger with PIPE financing are coming. Watch and learn!
Again, why 70.99%? and not 51% controlling stake.....
Again, why he retains that 4.99% ? He could have moved on. you know....why?
Must read regarding R/M:
http://moritzlaw.osu.edu/students/groups/osblj/files/2013/04/2-14.pdf
why did Delfin acquire 71% of tglo? And why not just 51% stake. That’s all it takes to control the company.
Why did Egan keep 5% and not selling his entire holdings?
Let me tell you......you won’t see R/S.
Typical R/M is the controller owns 80% of the outstanding shares. Tglo has the perfect capital structure. No R/S needed. Delfin and related parties already acquired up to 80% and perhaps even more. Leaving 10% or 15% for the public.
merger coming with nurseslounge.com ?
No bids?! News still getting out? Undervalued
Who the f is dumping this many shares
Reloading at .02
Same thing happened here. Important level.
Out! Stop loss! $15,000 realized. Not bad...Will reload at .02
He could have sold his entire holding, why keeps that .4.99% is the question!!!!!!! Don’t you get it!?
Just 1% or less eh....ouch....if that’s the case, what would Egan’s 4.99% turn into? And my 0.07% ownership? Please do some calculations for me, I can’t figure it out.
100% - 71% (Delfin) = 29% (TGLO public)
29% then becomes 1% of the new Delfin??? Does that even make a sense?
No way, he would have just sold all his holding and move on. Will not retain that 4.99%. Logical sense is that he sees what’s coming.
Isn’t Frederick Jones 73 or 75 too? Age is not the discussion here.
There is a reason why Egan keeps 5%. He could have sold his entire holing of the shell, but didn’t. Why?! And yet Delfin has the majority 71%!!! Egan is no longer in control. And he sold for $25,000 to give up his control.....would you do that if you know your 5% will turn into $$$ millions? I would!
Egan is the reason I am still in. As long as he is in and I’m in.
Value of shares is a reflection of the company’s asset value and revenue at a multiple minus debts. Owning the share doesn’t mean you own the asset. You only own the voting right at the most. And most owner will not have any effect in the decision the company makes, unless you own 5% like Egan. I think Egan will be on Delfin’s board once it’s public.
I own what Egan owns. Egan is the reason I am here for the long run. He ain’t selling the company just for $25,000. I think he knows what’s coming but keeping his lips tight.
No big company buys a shell and do nothing.......this is a $10 billion + enterprise. First FLNG giant in US becoming.
Yes I am pumping it hard. Got another 70K today. Stupid impatient holders.
$atyu market cap, revenue, and products are what you should care about, not R/S. Watch this to go above .52 on Monday.