Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah, pretty sure they are waiting until the spin-off is completely finalized, before releasing news.
Is the spin-off finished tomorrow Thursday 07/26 or on Tuesday 07/31?
Would look for a PR with new developments at that time.
Or covering..
Covering?
This is a scam. Get out now.
On the spin-off day (the day NB shares are given), I suspect there will be a PR, that is later this week.
Company will likely to be to release news upon new balance sheet, and other developments. At the very lease forms will be filed, but I think the company will be able and willing to say more once finalized. All IMO.
Close at or above .34 would look good for the chart.
I imagine the company is waiting to release news later this week.
Agree, Added some more just now
Spin-off should open the door for news
Just slapped the ask
I nearly pulled the trigger to buy at .022 last week.
Thank goodness I didn’t..
Seems like most or all otc companies are diluting to no end.
Most or only disclosing it after the fact, and actually also putting out positive PRs right beforehand, recent examples:
DRU# DIR# CDIX RBI# CDIX
Considering a position here, as I like the diversification of the holdings, the low market cap, and the S/S isn’t bad.
The real questions are:
1. How bad will the dilution be?
Some shares, or endless selling for days/weeks?
What’s the bottom in terms of O/S and PPS.
2. Will the deal with 495 close, and if so, when?
Next time you chat with them could you ask them to look into their PR distribution.
On the last one, it didn’t go out to all outlets properly, or it didn’t go out to all outlets in a timely and orderly fashion.
Awareness is key if we going to get past a penny.
Same her, wasn’t expecting any free NB shares, but can anyone confirm this.
I bought shares earlier this week, do I get spinoff shares?
Not a big deal either way, I’m just happy to see that now Verus can clean up its balance sheet and apply for an RBIZ name and ticker change.
$VRUS coming soon IMO $RBIZ
I've heard this as well.
16M on bid
Need to take out these 49's and close at .50+
The lowest priced shares available right now are in the 3's
Bye to all Flippers, float is being accum, news soon.
Whoops, WRONG BOARD.
Was intended for RBI#
This one already finished its small amount of notes.
Once note selling is over look for 150% gain from these levels.
Look at DRU# went up 150% after notes were done, over 2 trading sessions.
.008 - .015 Coming Soon
Imagine a PR/IR campaign by the company, or an outside stock promotion on this.
Would go parabolic and sustain it.
Float small.
Triple digit gains.
I'm looking forward to news of all bad debt cleared as well as big company developments.
Someone should contact them and have them look into their newsfeed/PR release, to ensure it hits all wires in a synced and timely fashion..
2's Gone..
Bid [Tick] $0.0029
Bid Size 25000
Ask $0.0039
Ask Size 1500000
.005-.01 within 2 weeks.
Mark it!
Great Find!
Added more this morning.
I heard the ex-div date for Nestbuilder is 07/26
I cannot confirm this however, so should not be relied upon as true.
I see.
Hopefully insiders end up with 86% or more.
Delfin and Egan combined account for 76% of the OS
This trades like a very small float 20-40M and the most it could ever be, in a worst case scenario, according to the math is 108M, however I think it’s far below that.
It would almost make some sense for them to buy some more shares on the open market at the current PPS.
Is there ever a remote chance of that happening?
It looked like it was being held down below 75m cap to avoid having to file as an accelerated filer, but maybe also insiders are accumulating somehow.
Why not just do that and then turn around and sell it at the secondary offering for dollars..
I agree. Better for insiders to hold like 90% plus for us to make the most money. I still think it is possible that 86% is with or will be with Delfin and insiders. The float at definitely somewhere between 10-80M, (not including Egan’s shares)
I guess future filings will let us know.
Is there a way for us to better determine the float, i.e. reaching out to the transfer agent or compiling a running tally of the board’s (524 Club’s) holdings.
Where would that scenario leave us?
In the black still but perhaps a somewhat smaller bagger instead of becoming rich?
I’m open to a modest 1:2 or 1:3 RS if they do it responsibly.
Brings us to a higher price point towards uplisting, improves ss, leaves shares for the secondary offering. Delfin would still be the majority owner, albeit at under 50%.
Would be crazy shakeout for the ages.
And would suck, since they could then scoop back up their shares on the cheap cheap and then R/S. It’s only 10-50 millions shares in the 524 Club, so maybe they let us fly.
Wouldn’t they have kept Delfin Midstream as a Fairwood Peninsula subsidiary if they didn’t plan to go public.
Are other big players in the Midstream space mostly private or public?
In the filings, it states their intention is to reverse merge with the issuer, but course has all the standard legal clauses to be vague or not. But that is standard jargon imo.
We should all make a pact to hold if that exact specific scenario you mention unfolds, unless they specifically say no R/M.
Unlikely but possible scenario, there are many different scenarios, some good, some great, some bad. It’s fun to discuss, this stock is very interesting, but complex.
IMO, they would need to RM in, in order to claim the 166M? tax credits this shell offers, and their holdings in LTGO stock are also worth a lot more than they paid for it. Why not just run it up.
I really value your insight and opinion.
Same for Nac.
But, here is something interesting to respectfully debate.
You believe that it is better for us common shareholders if Egan disposed of his remaining stake to Enbridge or another equity partner.
However, Nac feels differently, as he want to see that Egan is still holding his shares, as that signifies something better for us long common shareholders, like him.
He could sell his shares now for $2,500,000, if he wanted.
But, if he is choosing to still hold and not bank all that money, maybe he thinks he could get much for his shares at some point.
Perhaps, It might not make too much of a difference either way.
I’m split on the issue, unsure of which scenario outcome I’d prefer. Both seem good though.
They need to make a decision regarding the FID (Final Investment Decision), which is expected in 2018.
They are not going to start construction until this crucial decision is made, obviously.
One nice thing about the FLNG solution is that it’s scaleable, they could opt to begin with just 1 FLNG to begin with, at a cost of 2B. Mr Jones mentioned the price of oil concerning the FID, citing a sustained price of 55-69 was good for the case of moving forward. Oil at the time at those statements was in the 30’s or 40’s (not too long ago) at the time that statement regarding the FID was made, last year.
We’re looking for further news of general developments, specifically the FID decision, completion of RM, Ticker change
There is speculation that he sold the roughly 5% stake to an equity partner of Fairwood/Delphin, possibly Enbridge Energy, who hold a BOD seat on TGLO, and took a 5% equity stake in Fairwood about 6 months ago. They also did a JV deal with Delfin Midstream to help with pipeline management, marketing, financing. They also sold Delfin the UTOS underground pipeline on the cheap. Some speculate that Egan may have sold his shares to Enbridge via a private placement ATS Darkpool.
Because you believe that it bodes better for us if he still has them?
Egan, after becoming a company outsider, no longer needs to appear anymore if his current holdings are less than 5% of the company. I believe it is 4.99% stake he was left with.
He was also prohibited from selling any shares for (6) months from the date he stepped down (that prohibition time ended about a month or two ago).
He may or may not still have his 21M shares.
There is much speculation on this.
That filing showing his remaining 21M shares, is from late 2017, and he is free to sell now and isn’t restricted.
He could have sold a month ago (if he wanted to) and he isn’t required to report anymore, regardless if he sold or still holds.
He’s no longer an insider and he holds less than 5%
Just needs .01 for that
I saw someone post an email from a Shelly M. from RBIZ (Verus) IR stating that Finra has approved the spinoff and the ex-dividend date to receive Sharebuilder shares is July 26th.
Can anyone else confirm this?
Yeah, some people were speculating that Egan sold his last remaining 22M shares via private placement via ATS/Dark Pool.
I added 15k additional shares today.
What do you think the float is, I estimate it at 15-35M.
Found this on Yahoo Fin!
https://finance.yahoo.com/quote/TGLO/holders?p=TGLO
It shows additional insider holding 4.99% (after accounting Delfin Midstream's 312M share stake of 70.87%)
75.86% - 70.87% = 4.99%
By having 4.99% instead of the full 5% you avoid having to file certain forms for owning 5% or more of a public company.
This account for a single insider (I guess we are not sure who) holding 5% IMO.
IMO, there will also be other insiders eventually holding a 4.99% stake.
2 more IMO.
My theory is approx 86% of the O/S is held (or will be held) by Delfin Midstream Inc, Partners, Insiders, Inst, ect. Leaving around 35M shares in the float or less.
These insiders include Enbridge, Golar, Talisman
I think the 5% was in regard to a capital raise that closed for Delfin on 06/20, maybe those shares are held by Talisman or Enbridge, both of which currently have a seat on the TGLO board, hard to say which.
Anyone know what we might expect for the next developments with Delfin.
Is it 10-Q, Super 8-K, and then FID announcement?
An update right now and we go parabolic imo.
What the Heck?
MMs trying to hold it down, but cat's out of the bag now.
If we break HOD, more eyes imo.
Supporting .004+, Reversal
Successfully tested, held, and bounced (twice) from the (50) MA @ .0033
I've put in a bid for 1.5M @ .004
Someone slap the ask and squeeze the shorts.
Let's move higher and I'll raise my bid incrementally for support.
On 07/02/18 showing the new BOD board of directors at bottom
https://backend.otcmarkets.com/otcapi/company/sec-filings/12848976/content/html
Here is a news article saying 5% equity and 1 BOD seat on Enbridge deal with Fairwood Pensinsula.
I'm almost certain it translated into a 5% equity on Delfin Midstream, as one of Enbridge's directors now sits on the TGLO board.
https://www.businesswire.com/news/home/20150701005765/en/Delfin-LNG-Announces-Equity-Investment-Enbridge
Enbridge and Golar each have a 5% stake in Delfin Midstream.
I believe that Talisman Group Investments, LLC also has equity (and a BOD seat on TGLO), assuming 5% on this also.
I thought I saw something where some or all of them currently already hold it in stock, in TGLO. There was speculation that Egan's remaining shares went that way.
Could be wrong on that part but I thought I saw it somewhere recently. Maybe we'll see it soon on future updates or I read it as another poster's speculation. I believe it was related to the capital raise agreement that closed on June 12th if I'm not mistaken,which also resulted in Fairwood transferring their TGLO shares to Delfin Midstream Inc.