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I'm still keeping my shares of a cobalt miner. ;)
I think it's really funny (but at the same time tragic) that anti-fossil-fuel radicals, preventing new pipelines, have forced New England to
import LNG from... Russia.
'...cancel their shares and take preferred shares instead making the float very small.'
Heard that too. But does an Investor Relations Home webpage still figure in that scenario?
I think Fairwood was public sometime in the past and they went private.
what the hell is a bullish rainbow?
I'm actively investigating that question myself.
The fact that Delfin LNG has it's own Nasdaq-backplaned "Investor Relations Home" page is enough of a smoking gun for me. Just missing the bullet.
NEWS
First Cobalt (FTSSF) in friendly acquisition of US Cobalt.
1.5 shares of FTSSF to be exchanged for each share of USCFF.
If you did blow it wide open before the "kick off", would it be to our detriment?
An interesting tidbit here, perhaps nothing really new but encouraging?:
Haynesville shale (12 Jun 2017)
"This activity has single handedly led to the resurgence of the Hayneville Shale in Louisiana and Arkansas due to its close proximity to these LNG hubs. Haynesville production is projected to increase in June for the seventh straight month and reach its highest level since October 2014. Thanks to its ideal location, this formation is poised regain at least some of the stature it enjoyed in 2011, when it surpassed the Barnett as the highest-producing shale gas play in the U.S.
"Bolstered by the fact that break-even prices are about half of what they were in 2015, many small operators in the Haynesville [Shale] are now going public due to the expected flurry of activity in Louisiana and Texas in the coming years."
TGLO looking more interesting. Majority-owner Delfin LNG (thru Delfin Midstream LLC) now has a Nasdaq-facilitated "investor Relations Home" page.
Why would they have one if they weren't planning a R/M?
Wonder how long until that one is indexed?
I clicked on the FAQ link. One frequently-asked-question is missing: "When's the #*!@&% r/m??"
"Investor Relations Home" !
I said humor me, not ridicule me.
For the sake of argument, suppose that--for whatever reason; humor me here--Delfin decided to not do a R/M? What would be our first clue? A formal filing of some short? A terse announcement? An extended stretch in which a whole-lotta-nothing happens? A tglo-leadership change?
'they have gone through a lot of trouble for that not to happen'
I can't think of any other reason(s) why Delfin would let TGLO "just sit" and continue existing as a trading entitiy.
If all Delfin/Fairwood wanted was TGLO's NOLs, then why wouldn't they declare ASAP their intent to remain private and cancel the shares? (Technical question: Can Delfin cancel ALL shares? Or only what they actually own?)
After a large private company buys most of a penny shell, letting the prospect of a juicy R/M dangle for months and then do nothing with it would seem an act of gross financial negligence, if not outright maliciousness. (And thus actionable, if things go the wrong way? I wonder...)
But then there's that damn phrase "hedging their bets" from the article.
In all seriousness, looking 3 or more months out, what is the worst-case scenario here?
(And I don't want to hear any jazz about a CUSIP number. Delfin has acquired no CUSIP number, at least none that is publicly available. I know this on good info from the DD Support Board and Fraud Research Team.)
A reverse merger.
It almost sounds like a new CUSIP can be acquired for holding at-the-ready (I presume confidentially) until ready to file r/merger docs with FINRA.
The reason I ask about all this is that some at the TGLO board are arguing that a cusip has been issued to Delfin Midstream. As evidence they post SEC links regarding Delfin that sport CIK numbers, but lead me nowhere.
"...including the new CUSIP provided by evidence from the CUSIP Service Bureau to the issuer and fees."
I'm a bit confused by that. But: Suffice to say that there is no way to look up and find the new CUSIP number until, or shortly after, the filing with FINRA?
Acc/Dis up big while price drifting downwards, sounds like what they call a "positive divergence".
excellent, ty!
fill-in-the-blanks boilerplate
Huge news today! Cobalt and copper!
Thicknesses and percentages, grouped by drill hole:
12.8 feet, grading 0.23% Co + 3.53% Cu, hole IC17-24
4.6 feet, grading 0.44% Co + 3.89% Cu, hole IC17-24
2.8 feet, grading 0.53% Co + 0.01% Cu, hole IC17-27
8.0 feet, grading 0.71% Co + 0.01% Cu, hole IC17-29
12.1 feet, grading 0.60% Co + 1.11% Cu, hole IC17-29
5.5 feet, grading 0.71% Co + 1.23%Cu, hole IC17-29
4.8 feet, grading 0.09% Co + 11.28% Cu, hole IC17-30
8.2 feet, grading 0.47% Co + 0.39%Cu, hole IC17-30
pardon the interruption, but have you kept track at all with the Delfin/TGLO r/m saga? hasn't happened yet but a lot of hullabaloo on that board about many signs pointing to a definite r/m. not so sure myself.
Then again, can't say it can't be other way around. Can't find any clarification online regarding as to what step in the process a CUSIP is issued. It's a bit of a chicken-and-egg thing.
any CUSIP experts here?
For a R/M, does a company need a CUSIP issued to it before it can register the new shares and new symbol? Or is the CUSIP issued after registration of new shares and symbol? Or is it all simultaneous?
Very difficult finding anywhere a straight answer to that. (But getting plenty of wisecracks and pats-on-the-head.)
I hope we're not confusing CIK numbers with CUSIP.
Posted here I presume sometime after December 31? Well I'll look for it.
But I think it's an odd practice to issue some company a new CUSIP simply because they're contemplating a reverse merger (indeed, one that's "hedging its bets").
Best I can tell, there will be no new CUSIP number until after the R/M happens and a symbol change.
well that was helpful
What is that Delfin CUSIP, anyway? Having trouble looking it up.
Then, the R/M being a fait acompli, we can regard Nichols' assumption of the TGLO offices as having no relevance at all?
Well that's the crux of my question, dagnabbit! Is there some legal or GAAP requirement for Delfin/Fairwood to officially designate a CEO plus-whatever for TGLO, regardless of Delfin's intentions for TGLO?
If there is no such requirement or other pressing need, then why bother appointing anyone if Delfin just wanted the NOLs?
Would it then make any difference at all if Egan remained CEO until total dissolution?
Given the joyful hullabaloo here around Nichols assuming the TGLO offices, my question is I think very pertinent.
If Nichols-as-CEO is strong evidence of an impending R/M, well, great! I'm just trying to cover all the bases.
One last time maybe:
IS
THERE
ANY
OTHER
POSSIBLE
REASON(S)
DELFIN/FAIRWOOD
WOULD
APPOINT
RUSTY NICHOLS
CEO & ETC
OF
T-GLOBE
THAN
IN
PREPARATION
OF
A
R/M ?
Is the answer so embarassingly obvious?
Or have I been rendered invisible here?
OT: MoneyMan, can people see my messages on the Delfin-related board? Can a mod make a user invisible to all?
That's what I've been trying to get at here. Why appoint anyone to position of CEO/chairman/whatever of a purchased shell if the only goal was to nab the NOLs?
And just 56 million shares sitting on how many pounds of cobalt, at around $38 a pound?
My head spins.