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Let me rephrase my question:
Are there any other plausible reasons a private company would pull a top-level energy executive type out of semi-retirement and install him/her as CEO&etc of a just-acquired public shell?
Bueller?... Bueller?...
At the risk of sounding uninformed, if Delfin only wanted the NOLs, then why bother appointing anyone CEO of t-globe? Why not let Egan stay on with a buck-a-year salary, and cut back on the paperwork? And why the other titles too? (Chairman, president and CFO?) Or is there some kind of compelling legal or GAAP requirement to name an office-holder?
Maybe all just a part of "hedging their bets"?
Search "cobalt" in the news and the name of just about every cobalt miner out there comes up except US Cobalt, corporate press releases notwithstanding. We're like the red-headed stepchild of cobalt miners.
hehheh, just bought 50k shares and I only knew about this stock for about 2 minutes
I'm leery of applying chart patterns to low-price issues like tglo, but who knows, maybe there's big-ticker dynamics working here
whoa, how ya figure? did I miss something?
you in the right room?
I think that Nasdaq Delfin IR page was the smoking-gun for us. A 3-week-old smoking gun maybe, but nevertheless.
lol, all to my point
When I did a URL search on google, searching URLs for just the segment "phx.corporate-ir.net", it turned up just 34 results.
Why just 34? I don't know, BUT...
Look at the names associated with those 34:
Most of them are associated with Amazon.
The others:
Knoll
EnerSys
Mimedx [I own some Mimedx!]
Costco
Lowe's
American Airlines
Andeavor
HB Fuller
Lockeheed Martin
Brown & Brown Insurance
Dana Incorporated
Advanced Micro Devices
Cosi
Nine West
Of course, Google omits a lot of results. So I clicked on the "you can repeat the search with the omitted results included" option at the very bottom of the search results. That yielded 360,000 individual page results.
A more-or-less-random statistical sampling of those almost always yielded a publicly-traded company.
I'm doing a slow clap here...
I'm near Laurel MS. The Colonial pipeline r.o.w. runs about 12 miles west of me.
A little puzzled, tho, if you're sitting on an actual gold mine (or ore reserves), why futz around with cryptocurrencies?
Seems to me if Delfin wanted to do anything other than a R/M with t-globe, they'd have just done it right away after announcing their intentions, and not let little guys like us hurt ourselves with runaway speculation on the OTC.
Unless the plan all along was to twiddle their thumbs awhile in re t-globe as they "hedge their bet(s)".
I understand that, yes.
One thing sticks in my mind from that article: "Delfin is 'hedging its bets' by purchasing a majority stake... and will not necessarily decide to go public."
Now, hedging *which* bet? The bet that it can merit enough financing without having to convert to public equity?
How can we tell when (or if) that bet falls through, and R/M becomes necessity? Or can we already tell?
Did the appointment of Nichols as Director/CEO/CFO prove the R/M intention?
Or was that just window-dressing to reassure lenders that Delfin can go the public-equity route in the future, if needed?
Have we concluded for certain that acquiring theglobe's NOLs was not the sole motive?
Explain that again?
I know what I have here, and holding on. But what I know includes worst-case scenarios.
"According to the source, who spoke on condition of anonymity because the matter is commercially sensitive..."
If Delfin was planning anything else but a r/m, would it still be "commercially sensitive"?
"Bulge bracket firms"?
avg .0303
;)
50,000 here
maybe 56,000 by end of tomorrow
Mention of Delfin's possible r/m intentions posted recently on the GLN* (Golar) StockTwits board. Golar's partnered with Delfin on the FLNGV project.
When I think about it, no matter what clean public shell a private company seeks for an r/m, isn't there always going to be some percentage owned by stubborn starry-eyed hoi polloi retail like us? An unavoidable "cost" of getting to that huge chest of advantages of going public?
There is a DLFNX, a fund called DoubleLine Core Fixed Income N.
Delfin might use something else to avoid confusion?
Why can't I see the one reply message?
OK, now what exactly does that chart tell us?
So I'm sorting through the week's OTC data for unusual price action, and I spot EVTN.
I remember Enviro I think. Came up with this vortex machine that pulverizes and sorts almost any kind of material. If I recall right, local TV news broadcast a report and it turned out to be a hatchet job, though perhaps unintentionally. Played up the unbelievable-snake-oil angle and all commercial interest dried up. Kinda frightening in a way.
TGLO, looks like r/m with Delfin Midstream might go forward, which would be a truly huge thing. Still some skeptics regarding Delfin's ultimate intention. Wish there were more certain signs in the filings.
TGLO - is Delfin really seriously considering r/m with them?
A lot of back-and-forth on the TGLO board about Delfin's real motivation in buying majority stake. Every new filing is scrutinized like tea leaves.
Most seem certain r/m is impending, but another camp is bitterly pessimistic: Delfin just wants the NOLs, nothing in the filings proves they want an r/m, in fact an r/m makes no sense, they'll just dissolve the commons, etc.
I'm not sure who's most right.
wow, never heard of that site. gonna bookmark it
dadgummit I hope so. no one detects any hint of show-stoppers in those forms?
So what's the take-away from the 8K?
"There will be a name and symbol change. That's a given."
My guess for a name: Delfin Midstream. (Duh!) DLFM
Second guess: Global Midstream. (Love it!) GLBM
"HSE"?
"Spoke with some chick at Bloomberg... Like a deer in head lights."
Maybe she was just playing dumb?
Bing-No!
Who did Tell reverse-merger with?
Geez, you guys... I turn my back 1 hour and look what happens.
hmm, o-rings and blockchain, interesting... taking a small flyer here for the duration
"The project has the virtue of being relatively inexpensive..."
heh heh, they have no idea