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Latham and Watkins are the key people to take Delfin across the finish line. They have the key people in every sector to get the job done.
100 patents just in the US alone and 500 World wide different jurisdictions. Beautiful run coming here. Should easily see $3.00 between Monday and Tuesday.
This COMMON STOCK PURCHASE AGREEMENT (this “Agreement”) dated as of December 20, 2017, to be effective as of December 31, 2017, by and between DELFIN MIDSTREAM, LLC, a Delaware limited liability company (“the Purchaser”) and MICHAEL S. EGAN, S. JACQUELINE EGAN, DANCING BEAR INVESTMENTS, INC., a Florida corporation, E&C CAPITAL PARTNERS, LLLP, a Florida limited liability limited partnership, E&C CAPITAL PARTNERS II, LLLP, a Florida limited liability limited partnership, THE REGISTRY MANAGEMENT COMPANY, LLC, a Florida limited liability company, AND THOSE CERTAIN GRANTOR RETAINED ANNUITY TRUSTS (EACH A “GRAT”) WITH MICHAEL S. EGAN, AS GRANTOR, AND WITH A SEPARATE GRAT FOR THE BENEFIT OF EACH OF ELIZA SHENNERS EGAN, CATHERINE LEWIS EGAN, TEAGUE MICHAEL THOMAS EGAN, RILEY MARTIN MICHAEL EGAN AND SARAH EGAN MOONEY (collectively, the “Sellers”).
W I T N E S S E T H:
WHEREAS, the Sellers, each controlled by Michael S. Egan, are currently the beneficial owner of 334,899,952 shares of THEGLOBE.COM, INC. a Delaware corporation (the “Globe” or the “Company”), representing approximately 75.9% of the Globe’s issued and outstanding common stock; and
Is O&G is secret as this one has been?
This is exactly from the filing.
"WHEREAS, the Sellers are retaining 22,060,000 shares of the Globe, representing approximately 4.99% of the Globe’s issued and outstanding common stock; and"
Lots of shuffling around. For what purpose, somehow to lose track of what has transpired and what is to transpire?
"We may suffer adverse consequences if we are deemed an investment company under the Investment Act of 1940 and we may incur significant costs to avoid investment company status.
We do not believe that we are an “investment company” as defined by the Investment Company Act of 1940. If the Securities and Exchange Commission, or SEC, or a court were to disagree with us, we could be required to register as an investment company. This would negatively affect our ability to consummate a potential acquisition of an operating company, subjecting us to disclosure and accounting guidance geared toward investment, rather than operating companies; limiting our ability to borrow money, issue options, issue multiple classes of stock and debt, and engage in transactions with affiliates; and requiring us to undertake significant costs and expenses to meet disclosure and regulatory requirements to which we would be subject as a registered investment company."
Very good move on Friday.
BUZZ is slowly building up on this one. Looks like a good runner this week and beyond. One contract stage will be on fire.
Very good post North, I too thought 100 million was low. We don't know the numbers on this one, how much the assets the pipeline was bought from Enbridge. Latham and Watkins charges $2000 an hour minimum.
https://www.marketscreener.com/quote/stock/ENBRIDGE-INC-1409882/news/Delfin-LNG-LLC-completed-the-acquisition-of-UTOS-Pipeline-from-Enbridge-Inc--38553074/
https://www.businesswire.com/news/home/20150701005765/en/Delfin-LNG-Announces-Equity-Investment-by-Enbridge-Inc.
Take a look at the website today and compare it with this one with UTOS. Look at the pipe between this one and the one on the website.
https://delfinmidstream.com/assets/
This one is very interesting.
https://www.sec.gov/Archives/edgar/data/1066684/000114420418001789/tv483103_sc13d.htm
Stock ran another 20% after hours, after people digested the non dilutive private placement with a lock up period. This is free to go next week and beyond, especially a contract announcement for supplying car manufacturer, this will fetch a billion dollars in valuation almost instantly.
"Directors who are also our employees or officers receive no compensation for serving on our Board. Mr. Jones did not receive a salary, bonus or awards in 2023 for his service on the Board. We reimburse non-employee/non-management directors for all travel and other expenses incurred in connection with attending Board meetings. All of our stock option plans have been terminated and there were no unexercised equity awards outstanding as of December 31, 2023."
60 billion dollar company, which Jones was the founder of.
https://finance.yahoo.com/quote/GLNCY?.tsrc=fin-srch
"We are not aware of any arrangement or understanding between Mr. Jones and any other person pursuant to which he was elected or appointed to his current positions. Neither Mr. Jones nor any immediate family member of Mr. Jones has been a participant in any transaction or currently proposed transaction with the Company that is reportable under Item 404(a) of Regulation S-K.
Due to his status as material stockholder of Delfin, which is our controlling stockholder, and his willingness to serve without compensation, we believe Mr. Jones is in the best position to serve as our director until such time that our controlling stockholder determines the direction of the Company.
Frederick Jones, 76, has been involved in international commodity trading, energy infrastructure, real estate, and oil and gas businesses for approximately 50 years. Mr. Jones was one of the early investors in U.S. shale gas. For approximately the past ten (10) years, Mr. Jones has served, and continues to serve, as the Chief Executive Officer of Fairwood Peninsula Energy Corporation (“Fairwood”), a midstream liquefied natural gas company. Fairwood is a material stockholder of our controlling stockholder, Delfin Midstream, Inc. (“Delfin”). Mr. Jones was a founder of Fairwood and is currently a material Delfin stockholder. He was also a founding stockholder in Marc Rich + Co A.G., Switzerland, now known as Glencore Plc."
(6) SUBSEQUENT EVENTS
"The Company’s management evaluated subsequent events through the time of the filing of this report on Form 10-K. The Company’s management is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on its financial statements, with the exceptional of additional funding received from Delfin of $50,000 on January 5, 2024. The Amended and Restated promissory note are attached as an exhibit."
"Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company."
Appoint Dudley Poston as CEO and Jones will seat as a Chairman. Off to the races.
"Our management may have other interests that may conflict with the interests of our stockholders.
Mr. Jones became our Chief Executive Officer in 2018. Mr. Jones currently serves as the Chief Executive Officer of Fairwood, which is a material stockholder of Delfin, our controlling stockholder. Mr. Jones is a material stockholder of Delfin and also maintains directorships, investments and participations with and in other companies and entities, including those that may be involved in the gas and/or energy business. Although there are currently no relationships between the Company and these entities, Mr. Jones, due to his relationship with such entities, will have an inherent conflict of interest in making any decision related to transactions between the related entities and the Company. Furthermore, since Mr. Jones is also the sole member of our Board of Directors (the “Board”), our Board presently is not “independent.” In the event that we have independent directors in the future, we intend to review related party transactions on a case-by-case basis."
I think it was 440 on the last 10K.
"We had approximately 420 holders of record of Common Stock as of February 28, 2024. This does not reflect persons or entities that hold Common Stock in nominee or “street” name through various brokerage firms."
This is going to run nicely in to 3's next week, once major contract with a car maker, all bets are off, will run to 10 dollars in 2 weeks or less. 500 patents US and some other jurisdictions around the World.
Sooner than I expected. Like you were saying earlier, those tree huggers and shrimp sucking individuals are going to eat sand (chit) very soon. If you are not a trader, it will all be worth it. It is still "Hotel California" until it isn't, when the masses in this sector find out about the merger, it will be stampede. I can see why Egan is not updating the OTC with Jones being listed as the CEO. I fully committed and a stack to be proud of because of you and a few others on this board.
Of course they all made handsome profits, I don't even care. This is dead money now for new traders or investors or flippers.
Try to remember when who told you to get out, remember once out of ticker never get back in, especially in the OTC. There is only one love story in the OTC, only one.
Exactly I glow. You couldn't have said it better.
Boombaska, $5.00 within a month.
When you trade or invest in the OTC, the risk is on you. SEC warns people on their site. There is also a disclosure in the filings too
SPZI is scam to the core.
Awesome job North. Much, much kudos to you.
It's a matter of his opinion. The guy is young to make that kind of assumptions in regards to this sector, I wouldn't call it a hit piece, I would say he is not smarter than Latham and Watkins. Again money and motivation trumps everything, Delfin is going to have all kinds skeptics and hit pieces even after they get some kind of notoriety, pundits can be skeptics all they want, we had pundits that were skeptics about a real estate sales man and the host of the Apprentice and in-fact most Americans thought he would not win the presidency that is why they didn't bother to vote, the same pundits were skeptics about an African American man to become the President of the United States. I believe if Delfin wanted to FID tomorrow and merge with TGLO, they can and light the fire under MARAD as a public company (not a a private company) MARAD will be so much under the spotlight and under fire, then we are talking about public funds tied to the MARAD decision.
He just did that. The thread is proof read now and corrected.
No comment, we just need Egan removed on OTC markets and replaced by Jones, that is the smallest nugget, then company profile to change to Delfin, every bread crumb counts, then Delfin's website, then the mother of all bread crumbs, "Super 8K", Delfin not filing, filing, sealing contracts, which political party they lean towards, all of them mean nothing, not even the FID is a bread crumb (unless during the FID they hint of going public and not mentioning TGLO) until something is established to tie them together and to start is getting Egan off from OTC Markets and list Jones, assuming this is the vehicle to go public for Delfin, unless of-course the games will continue. Even a filing for a reverse split will be a bread crumb.
TGLO another update on OTC Markets from yesterday. Keep an eye on the officers, business description on company profile and website. Now twice this week.
This company will see 3 digit dollars, how soon? All depends on just one science behind their Artificial Intelligence to decode one cancer indication the rest will be history.
TARA 5-6 before data release, then once the data is confirmed easy will see the teens.
This is going to have one heck of a run.
The outstanding shares was what it is today never seen 503 million shares on the outstanding. I have been watching the OTC market since early last year. Either way, I am confused at your post. I think you mean the authorized shares? Even that hasn't changed since the dawn of times.
For me, this is puzzling, they didn't update until two weeks ago since June 2018 and then another update last night, though I knew share structure would not change. The interesting part now, TA is now verified with DTC shares showing, before it didn't show. Two possibilities I take away from this, either they are updating and cause we are near getting things done, or Egan is simply reading the board and listed the share count so there is no mistake or confusion as how many shares were in the float as some were alluding to. I am waiting to see the annuals by the end of the month. For me, updating the share count and the TA being verified was very, very relieving. Also waiting for Jones to be listed on OTC Markets, until then it won't move the needle.
OTC Markets updated again last night.
https://www.otcmarkets.com/stock/TGLO/security
"Special Condition" for a very special occasion.
This is the next LNG merger after merger within the company itself.