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LOL. Selling a business for a 1.5-2.5 P/E.
Considering no one has any idea what Cali profits will be (or if it will even be profitable), the 20% figure is meaningless.
Toxic stinky pinkies are known for overpaying for acquisitions and funding them with toxic notes. They get cash, note holders get to dump more shares on the hype and sellers get more than they would from a legitimate buyer.
Win, win, win, except for PNTV shareholders. They provide the winnings for all the others.
The company isn't buying. Only retail buys. Then they get stuck with unsellable shares.
Now you can buy at $.03x and falling.
When the Q2 financials hit I expect to see another increase in toxic notes.
No one sells an operating facility for the value of its profits.
Mark has been saying they have better financing options for years now. "Bridge the gap" is an excuse for "lots more toxic notes, please don't keep dumping the stock. Let the toxics do the dumping so they will give us more money".
It's always a good feeling to help keep people from being taken advantage of by unscrupulous stinky pinkie operators.
There are no lawsuits. Some deals were made to convert preferred to common and dump the common on retail, but the company is too well insulated being managed by Greek citizens and based in the Marshall Islands. No lawyer will take on that amount of cost with no chance of winning.
Shareholders will get nothing and won't even be able to sell their shares once this hits the grey sheets.
I'm glad to see less than 30 shareholders are left.
You should check again. Once someone ceases to be a director, their obligation to report trades extends for 6 months ONLY if they are making an opposite trade to a trade they made within 6 months prior to ending their officer position.
See 240.16a-2 Persons and transactions subject to section 16.
The last required reporting for Egan was his holdings in the 10K, since that covered the period during which he was an officer.
He may have sold, he may decide not to sell to avoid any claims of insider trading (it's not like he needs the money).
Bottom line is assuming he still has all his shares, or that he made some sort of side deal with Delfin (which BTW, would be as bad as insider trading), are as mistaken as assuming Delfin will be distributing their assets to a company in which they don't own 99% or more.
90 days after his removal from 5% ownership and an officer position, he is free to sell his shares without filing any paperwork.
LOL, he was paying to keep the company current. He's probably sold all his shares by now, or at least as many as he could without tanking the price.
There will definitely be a reverse split and Delfin will issue millions of shares in exchange for the capital and assets it contributes to TGLO.
Delfin is a business, not a charity for OTC stock speculators.
There is no other way for it to go down, so don't expect anyone to provide one.
It won't be 1-3% when all is said and done though. TGLO current shareholders will be below 1%.
40% profit on the last pump. Who doesn't love a good pump and dump?!?!
Wheeee!
No one relies on shareholders not voting to control the stock. They'll either retain 50.1% or they'll issue themselves supervoting preferred shares IF they want to retain control.
While retaining control is the way most pinkies operate, it's not how most real stocks do, and it's not the way to maximize a capital raise.
Assuming Delfin is a real enterprise, looking to develop floating LNG needing billions in debt and equity, the steps I expect to see are:
Reverse split at 1:30+
Reverse merge into TGLO with 99%+ ownership of the common
Do a secondary offering at $1/share+ (this will dilute current shareholders to .5% or less and Delfin to 50.1% or less)
Uplist to Nasdaq.
Yes, Delfin now has some capital of its own and was spun off into a separate corporation. That just means they will take an even larger ownership position in TGLO after the reverse split.
They didn't go through all this to hand over their assets to a bunch of penny stock speculators.
Stay tuned, it will all become clear.
Yes, but they want to raise money. They have no choice but to reverse split to do so.
They will exchange their assets for additional post R/S shares. Whether they remain majority shareholder depends on how much money they want to raise.
The 13d is an ownership form. They didn't buy the shell to NOT raise capital. And they're not going to give away their existing capital to TGLO shareholders.
Sells were 2/3 the volume and it dropped 7%.
The correct interpretation is "a lot of selling ahead of a bad 10Q filing coming"
Count on it. Then a capital raise. Current shares will likely go sub-penny.
I just noted it's likely a scam stock in the ibox. Add whatever you think is relevant.
You're welcome. I'm glad to help prevent others getting scammed by these guys.
I defend no one. The TEUFF management is indeed crooks.
I don't want to see others screwed by them with the "we're gonna get money back from them" BS.
Yeah, Warren Buffet is loading shares at a penny to make billions on the defunct and insolvent TEUFF.
Too funny.
LOL, no one is buying shares at a penny. The folks that are down 99% just can't accept they got scammed.
Yeah, I hear this will be Warren Buffet's first $.0001 acquisition.
Or is he the one shorting it at $.0001?
I can never remember.
Too funny.
I've been around these scams for a LONG time.
There isn't even a lawsuit filed.
Since ALL shareholders were screwed, I'm sure they agree money "should" be returned.
The reality is, it won't be, and no court will order that it be.
But even if they overcame those 1,000:1 odds, it would be impossible to enforce.
The sad reality is life is not fair and the bad guys don't always lose.
That's according to you. Unfortunately, no court nor the company agree.
There will be nothing paid or returned.
LOL. Perhaps you should evaluate your mission and realize all the $.0001s get filled, and everyone knows it.
Nor did my post say anything about current dilution.
However for future financing, their only option is major dilution.
Or stay dark and defunct, as the path they have chosen so far.
All bids at $.0001 will get filled immediately since it's a no bid stock with 47.6 SHOWN on the ask at $.0001.
So he doesn't own shares, or he does, but it's not a problem? Please clarify.
I think the main concern is that both men have a checkered past and NoHo is such an obvious pump and dump.
And another pump and dump attempt by the company that has fallen flat, except for frontloaders who are now down over $100k and panicking.
Every buy at $.0001 seems to encourage people to add to the ask size.
It's a blood bath. Stay away unless you need a large loss to offset gains.
On second thought, just give that money away to charity - it'll do more good.
A stock tout tweeting about SPOM. Now THERE'S a bad sign.
1 trade for $50 at $.0001 suggests no one is falling for the pump.
You are 100% correct.
Reverse split and hope to find new buyers for the worthless shares is DRNK's only hope.
And it's a VERY small hope.
This was one of the more obvious front loaded pump and dumps. Nice to see the frontloaders getting their comeuppance.
Stinky pinkies with toxic debt never get bought out, other than as part of another "toxic stinky pinkie merger" to try and pump and dump.
If IHSI had potential, they'd be filing and they'd have paid off all their toxic notes.
LOL, all you have to do is hit the bid. But no one is doing that.
Pretty clear why.
LOL, don't forget, "CEO in hiding".
But hey, another $50 of $.0001s cleared today.
I guess no one believes the hype these days.
Too funny. Good luck with that vendetta.
How come you're not loading the boat a 1 cent if you see $1 in the future?
Just askin'
Too funny.
Those MMs willing to risk their business to discredit your posts with sub-penny trades.
ROFLMAO. Ahahahahahahahahaha.
LOL, I notice you didn't post one single product that's "selling well".
So since some of the products are selling 0, the ones selling in the single digits are "doing better"? True, but too funny.
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Investors only wait until year end when there's a glimmer of hope for a recovery. And we're talking about multi-thousand dollar losses.
TUEFF is one of several Greek shippers that took advantage of lax enforcement of foreign securities, gullible US investors and domicile in the Marshall Islands to screw over shareholders.
The company gains nothing by filing from bankruptcy.
I do enjoy your conspiracy theories though, particularly the ones that MMs risking their business to discredit message board posters' predictions.
No, it makes no sense. No one is buying a public company with millions in outstanding toxic loans, is insolvent, in litigation it is likely to lose and stopped filing.
Everything is on hold because the company will likele be forced to cease operations at some point, or become a shell.