TheGlobe.com Inc (TGLO)

[Chenteddybear]

Why the chance of Delfin going public via TGLO RM is about as high as 99.99%?

Delfin needs $8 billion dollars for their ambitious project. Can't possibly take the entire amount on just bank loan. They'll need to access capital market to raise funds for that kinda money.

Jones: "We're open to either or both types of investment...banks for debt and some strategic investors who want LNG partially under their control," said Jones. "We've seen a lot of interest from Chinese banks to finance shipping."

Some bank loans like $1-2 billion may be ok....but $8 billion?!!

This is just a hypothetical example:

30 years term with 10% interest rate on $8 billion loan will be a joke........ After interest payment in 30 years, they'll have to pay back $25 billion including the principle. Just don't make sense, let alone paying dividends to the existing equity holders or private investors.

$70,205,725.61 Per Month
Total of 360 Loan Payments: $25,274,061,218
Interest: $17,274,061,218.56
Interest + Fee: $17,674,061,968.56

https://www.calculator.net/business-loan-calculator.html?cloanamount=8000000000&cinterestrate=10&ccompound=monthly&cyears=30&cmonths=0&cpayback=month&coriginationfee=5&cdocumentationfee=750&cotherfee=0&printit=0&x=51&y=23