Seriously, it wouldn't surprise me if we squeezed to $3.00+ this week. Float is locked. But do your own due-diligence folks.

Zero issues at Fidelity

Could see Delfin take a measured, strategic, and laddered approach at some-point, but nothing wholesale and likely to cause volatility. But, I don't see them letting themselves get diluted lower than net of 50%, after whatever EGAN does, they'll want to keep control.

Still, think debt cheaper than equity.

concur, it's a trade

nice catch, just got some

On a Delfin reverse merger announcement into TGLO, I see it blowing through a $1 in about 10 minutes for easy Nasdaq future uplist. Pretty sure we'd all be adding more shares there, too. Dilution is not preferred over the debt model. Moreover, Delfin needs our tight hands on the shares, too, to push the price. That's my opinion.

This was ChatGPT's assertion, with no reverse split, for the all debt model: 🏗️ Assumed Debt Structure for $6B Project Finance
Tranche Size Type Rate (Est.)
Senior secured loans $3B Project finance (offtake-backed) 6.5–7.5%
Subordinated/mezzanine $1.5B Higher-risk debt 10–12%
Export/import agency loans $1.5B Cheaper, via U.S. EXIM / KEXIM 4–5.5%

🔑 Weighted average interest rate (WACC) on debt:
Approximately 7.5–8.5% for the total $6B package

Why I think Delfin will lean toward a debt financing model with TGLO vs. equity only capital raise – they retain significant control, assuming they reverse merge. As always do your own due-diligence. Sorry columns don't line-up. I'm assuming the "low" really means $2B in the 1st row.

Many thanks to ChatGPT for developing this hypothetical modeling:

Scenario Delfin % TGLO Public % New Investors % Share Price Debt Raised Equity Raised
Equity-Heavy 38% 12% 50% $5–6 Low $4B
All-Debt 71% 29% 0% $22.65 $6B $0
50/50 Hybrid 45% 20% 35% $10 $3B $3B

I see the red-tape-painters were at it again today. Such a busy day for them! Clearly they want more shares. Where'd their .12 print go? Nothing material is shaking loose. Sucks when you have to sell your own stock to drive the price down, doesn't it?!

Right, that's not on their page, that's posted by
World Oil and Gas Industry News.

Nothing there for me:

Delfin MidstreamDelfin Midstream
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Delfin is very pleased to enter into this agreement with SEFE and continue to build on Delfin’s position as a leading source of reliable low-cost energy from the safety of the United States. We look forward to continuing to advance our critical energy infrastructure project for the benefit of our US stakeholders and international commercial partners.

https://lnkd.in/e6dwzPhM
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Delfin to supply SEFE with 1.5 million tonnes of US LNG per year
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Delfin MidstreamDelfin Midstream
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A great day for Delfin, and all of its stakeholders and clients, to receive the deepwater port license from the Maritime Administration. This paves the way to the construction of the project and operation of our FLNG Vessels.

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The Maritime Administration Issues the License for the Delfin LNG, LLC Deepwater Port Application
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Delfin MidstreamDelfin Midstream
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In his opening speech at the CERA conference in Houston Secretary Wright announced the LNG export license extension for Delfin LNG is approved and stated:

"The positive energy and renewed enthusiasm for U.S. leadership in energy exports from our allies and trading partners here at CERAWeek is palpable, and I am thrilled to sign this order to help another U.S. LNG project advance.”

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hmm, don't see it

I think it's someone wanting more shares, who already has a boatload. They're just dumping fragments on the Bid trying to paint the tape, hoping to drag the Ask down. Doesn't seem to be working.

If it were going to happen, I think that risk would have already actualized, and staying private doesn't monetize the assets; selling out to larger public player still won't give them the return that ringing the bell themselves on the NYSE will. I think it's clear they're gonna use TGLO or they would have cut their losses on it and flipped it.

Also don't see reverse split needed, sends amateurish desperate message.

And again – one word: Egan, they're not gonna fail him. How many would-be suitors for TGLO did he turn away?

Never-the-less, this too is my opinion, do your own due-diligence.

Nothing has changed. The risk and opportunity is what it always has been, but Delfin has accomplished loads since the TGLO acquisition, and:

1) Delfin continues to fund the SEC compliant TGLO shell quarterly.
2) Egan's 22M shares. If these don't materialize for him, then he used the TGLO loss on the 70.9% sold to Delfin to shelter cap gains on other investments, However, I'm still betting he wants both sides of that deal. I think there's a strike price where he gets all his cash back, plus opportunity cost, and it wouldn't surprise me if he's a legacy lender to Delfin with convertible options, assuming of course he is still involved, but why wouldn't he be?

Zero.

Agree, and we don't know exactly what assets end up in $TGLO. Maybe we end up with a tracking stock. They need the public markets..

It's totally strategic. This from the PR firm's site:

"The team has led numerous corporate positioning and investor relations programs and has been actively involved in numerous special situations in the United States, Canada, Europe, Australia and Asia."

.

They could have been doing that since the buyout and didn't. TheGlobe.com domain is worthless to them. It's the shell that has the value. Any organic traffic the domain has is legacy platform traffic from an IBM 386!

Agree, no reason to wait, attract that money wanting a new future.

For clarity, it was Michael S. Egan who finally sold the domain name after having been its friendly custodian to it, and formerly to theGlobe.com. Inc. shell. Delfin did not have legal control of the domain; and likely would have never used it. In the sale of theGlobe.com, Inc. shell to Delfin, Egan had kept it 'til last week, and a nearly 22M - 4.99% share position, which I believe most of us on this board think he may still have.

Nevertheless, theGlobe.com, Inc. shell really needs a new name!

Teaser banner cut and pasted from https://www.domainking.com

Clearly used that cap gains loss in 2017 to offset either the future or the past or both, didn't he?!

They're both legacy domainers & Rick Schwartz, lives in Ft Lauderdale. I don't see a connection to Delfin, but he might know Egan. They'll try to court the next theGlobe.com play. Clearly Egan wanted to all of a sudden disassociate himself quickly, hence, the auction and not a brokered sale.

That's a really, really interesting point!

Was never defunct

Guys, just wanna get your thoughts on these posts I did in 2018, as I was fixated on pinning down the float then, and any possible correlation between Delfin's activities, and TGLO share movement prior to the Changes in Control of Registrant SEC filing on 2017-12-21. Obviously there is no way to be certain of anything, but for all intents and purposes, this was a dead security then, but to me, the stock activity in #22238 & #22273 is/was crazy suspicious?:
Post #22238 re 2015 Dec activity
Post #22254
Post #22273 re 2017 Jun activity
Post #22292

I wouldn't think a reverse split is needed either. I think they just need to announce merger, and share price will dramatically adjust upward. They still have approx 58.5M authorized shares they can print, plus the preferred. And, they could sell X amount of their majority 70.9% position, and still retain control. And, there is always debt usage, which is cheaper than equity. We'll see.

I've always thought it was interesting; have reached out to buy it over the years, and never got a response. It's an untidy piece in the shell purchase, which would normally be included as an asset on the corporation's books.

Egan has now clearly separated himself from the domain, and yet the name of the shell remains THEGLOBE.COM INC.

Seems to me the shell will be getting renamed soon!

Dancing Bear retained the domain all these years and have now just let it go.

TheGlobe.com domain sold at auction:

https://domainsuccess.com/theglobe-com-acquired-by-domain-veterans-rick-schwartz-and-mike-berkens-for-15869/#google_vignette

Bigger % S&P drop today, still. YTD is now -13.73%
Meanwhile, EAFE is only down -1.96% YTD
5,074.08
-322.44
(-5.97%)
At close: 4:11:05 PM EDT
We're no where near a floor. I think once 2025 forward earnings are adjusted downward for the S&P, it's gonna be bad.

Added 6k today. 27k since 8/6

442k now

See my post #s 22238 & 22273

Locked away, but never forgotten!

In TGLO since 2005. Bought 30k more this week. 436k now.

I don't see them diluting their own shares materially if at all. This topic has been exhausted.