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They've always owned it from the minute IHSI defaulted on the payments they were required to make.
This was an obvious scam from the day they announced the TCA deal. It was simply a way of suckering in penny investors to buy out insider shares.
So Delfin hasn't put out a PR in a year and a half and they haven't even hinted at doing anything with TGLO.
Who'd have thunk it?
It's a con game.
Wow, to think I called that 2 years ago!
"it is believed TCA continues to assert that it owns and or controls Crescent and or assets of Crescent."
This has been dead for years now.
I see not filing in 6 months has hit the scam hard.
Market cap is still too high by $68,539, but it's headed toward the correct valuation I see.
LOL. I guess you're right. Unfortunately they're now probably living out of their car.
Yeah, it's just going gangbusters.
Too funny.
I just check in once in a while to see how the scams are doing.
Not too well apparently.
Wow, they have lost millions on this scam.
That's gotta sting, especially since it's public info.
Now if only Delfin had given any indication that they wanted to do ANYTHING with TGLO, it would be meaningful.
Sadly, they haven't.
Still can't figure out who buys shares in a company that's been out of business for years, but I guess someone does.
DKAM's time will come, but it will more likely be in 600 years.
What??? The company isn't sure it owns Crescent any more? Who'd have thought?
Too funny.
https://ih.advfn.com/stock-market/USOTC/intelligent-highway-solutions-IHSI/stock-news/78814207/current-report-filing-8-k
I can only continue to be amazed at how easy it is for stock scams to take money from small investors. Argentina? Too, too funny.
Ridiculous. Investors will much sooner invest in a company that values their cash investment at its full value, rather than a fraction of that value.
Without a reverse split, new money will be immediately diluted by 30%, and no investor will play that game.
Even if they do RM, the existing shareholders will get RS'd down to sub-penny.
Anything above $.01 is a gift to sellers.
Public float is 29%, including Egan's 4.99%, all as of 12/31.
https://www.otcmarkets.com/filing/html?id=12658711&guid=wmgEUH__r4vZa3h
You're 10% figure is wrong.
Uh, not actually.
Take a closer look at the 10K.
https://www.otcmarkets.com/filing/html?id=12658711&guid=LlgEUqODiS_uj3h
No preferred there.
There are no preferred shareholders. The only self-defeating move would be to turn over 29% of the company to shareholders who contributed less than nothing to the balance sheet, taking it away from the Delfin shareholders how contributed more than 100% of the company's net asset value.
It will never happen.
TGLO shareholders will be lucky to get 1% ownership in a recapitalized merged company. It's infinitely (literally) more than they deserve.
They haven't even paid their expenses. I thought the RM was a done deal, but now I think it's equally likely they simply walk away.
There's no way the RM happens without being announced. It hasn't happened. It may, it may not, but either way, the PPS is WAY overvalued.
Not at all. I'd give it 50/50. I am however convinced that it will only happen with a reverse split that takes TGLO shareholders down to 1% or less ownership.
Most of us knew when to get out. This is a classic pump and dump.
Is it good news that Delfin stopped funding TGLO and they "hope we don't have to file for bankruptcy"?
Just askin'
With the huge toxic notes being used to keep the company afloat we all know will be revealed next month we're likely to see this below 3 cents by end of August.
I'm hoping to reload at $.0001 and flip again for a 900% profit. These toxic pump and dumps are amazing!
LOL, if they can't issue new shares, noteholders can't convert. Q.E.D.
These pump and dumps are great flips, but retail who buys and holds always loses to the toxic lenders.
Toxics can't dump when the company stops filing. At least not according to the rules.
It's all retail getting out at break even when they had the chance. Now retail is stuck again.
It's a race to see if they get sent to the grey sheets or start filing again so they can reverse split and get more toxic loans.
I suspect they've lost Cresent already.
When you see a stock is funded by toxic notes, it's a stock you want to avoid.
Actually they say merger, just a large reverse split to take current ownership down to sub 1%, then shares issued to Delfin in exchange for their contribution of 100% of the TGLO assets, as I've been saying since the share sale to Delfin.
Yup, just a money factory for toxic lenders being paid by newbie retail.
Enbridge owns 5% of Fairwood. Not sure that means much for Delfin.
Oh, but I do.
Since Jones owns no shares, it's unlikely the other directors do.