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Tuesday, March 20, 2018 6:37:05 PM
My own quick introduction to this reverse merger folks.
(Written in no particular order. I've added bits as I've read through while writing it.)
This is what folks don't realise isn't it Cache, that Delfin is about two to two and a half years ahead of its competitors because it already holds all the permits it needs to start exporting Liquid Natural Gas (LNG) tomorrow if it wanted to!
They have a forty mile pipeline which will allow them to pump gas to offshore Louisiana and then liquefy it then load it onto as many as five vessels at a time. The infrastructure is already built. Somebody posted pictures of it here!
So that's another billion Dollars or two or three billions Dollars even maybe, that they don't need to spend in their financing needs and or set up/start up plans. This is yet another huge way that they're streets or oceans and even more years ahead of their competitors. Think about it, they don't need planning permission for their pipeline as its already been built.
What more can you say! They've got the permits, they've got the pipeline, they've got contracts being lined up!
Also, they're looking forward to providing high paying jobs boosting the local Louisiana economy.
They've had multiple approaches from the Chinese and others too who seem to be falling over themselves to offer them financing for their operations and already have a contract to supply Latvia with LNG as well.
Nobody wants to buy gas from Russia any more as they might turn of the taps again if they get upset with Europe like they did a few years ago in winter. This creates a perfect opportunity for LNG suppliers to step in to fill the void.
So, Delfin have already gone through that long and extremely fraught permitting process successfully and have a pipeline that they're bringing back into full working order. Erm, I'm beginning to think they might maybe be four years ahead of their competitors. You can see why I'm beginning to think that? Can't you?
So, assuming that their competitors will get their applications granted by the multiple regulatory authorities you have to go through in the USA, they really are way way behind Delfin!
Permitting for building LNG facilities in the USA is not a simple nor straightforward process either and there are multiple US regulatory agencies they need to get approval from first. Delfin has a huge advantage as 1) the liquefaction of the gas would take place offshore. This means, that they don't need to get permits for water side developments.
I believe it's at least two if not three years possibly to go through all the permitting hoops? Sorry I'm going on memory from reading someone's post here a long while ago now. Obviously we don't know exactly where Delfin's competitors are along the permitting process, but we know its way behind Delfin.
The reason the current CEO Michael Egan has kept this company fully SEC reporting all this time is because he was looking for an opportunity exactly like this one - to sell the shell to a company that could 1) use the net operating losses and two use it as a vehicle to uplist to Nasdaq. Enter Delfin.
I'm sure that Delfin looked into the net operating losses and whether they'd be able to use them before they decided to move forward with the purchase of shares and filings. That alone saves them $160m! Then all that needs to happen is the share price goes over $4 or more - which it will do of course and then uplist to Nasdaq then way higher again afterwards.
Please note, as TGLO have been fully SEC reporting all these years, I believe there will not need to be any waiting period to uplist straight to Nasdaq. If I'm wrong - I'm happy to be corrected. (Smiles.)
This route of finding a shell, buying a controlling interest of 79% (giving the owner of the shares a controlling voting interest as well) of a fully SEC reporting shell company for $25,000, using net operating losses of more than $160m, then up listing straight to Nasdaq is just a master stroke of genius! I'd be shocked if they didn't do this!
By doing this they've saved themselves millions and millions in commission fees for some fat cat merchant bankers on Wall Street who're just sitting on their behind doing diddly squat as "advisors"!
There are so many positives here, this is just a tiny amount of them. There are some really great posters, some really great technical analysis experts here and some who are a bit of both!
My tiny contribution was looking up the new transfer agent (TA). It turns out that the TA is one of the top five in the USA! You don't go out and employ a top notch TA if your staying on the OTC - do you now?
Everything keeps pointing to preparations being made to become a big board company and to make that move as smoothly as they can as soon as they decide to press the go button!
To all my fellow posters here, please fill in the blanks, I know I've left many more of them out.
TGLO
Delfin LNG
QED.
Nano Nano! lol
(Written in no particular order. I've added bits as I've read through while writing it.)
This is what folks don't realise isn't it Cache, that Delfin is about two to two and a half years ahead of its competitors because it already holds all the permits it needs to start exporting Liquid Natural Gas (LNG) tomorrow if it wanted to!
They have a forty mile pipeline which will allow them to pump gas to offshore Louisiana and then liquefy it then load it onto as many as five vessels at a time. The infrastructure is already built. Somebody posted pictures of it here!
So that's another billion Dollars or two or three billions Dollars even maybe, that they don't need to spend in their financing needs and or set up/start up plans. This is yet another huge way that they're streets or oceans and even more years ahead of their competitors. Think about it, they don't need planning permission for their pipeline as its already been built.
What more can you say! They've got the permits, they've got the pipeline, they've got contracts being lined up!
Also, they're looking forward to providing high paying jobs boosting the local Louisiana economy.
They've had multiple approaches from the Chinese and others too who seem to be falling over themselves to offer them financing for their operations and already have a contract to supply Latvia with LNG as well.
Nobody wants to buy gas from Russia any more as they might turn of the taps again if they get upset with Europe like they did a few years ago in winter. This creates a perfect opportunity for LNG suppliers to step in to fill the void.
So, Delfin have already gone through that long and extremely fraught permitting process successfully and have a pipeline that they're bringing back into full working order. Erm, I'm beginning to think they might maybe be four years ahead of their competitors. You can see why I'm beginning to think that? Can't you?
So, assuming that their competitors will get their applications granted by the multiple regulatory authorities you have to go through in the USA, they really are way way behind Delfin!
Permitting for building LNG facilities in the USA is not a simple nor straightforward process either and there are multiple US regulatory agencies they need to get approval from first. Delfin has a huge advantage as 1) the liquefaction of the gas would take place offshore. This means, that they don't need to get permits for water side developments.
I believe it's at least two if not three years possibly to go through all the permitting hoops? Sorry I'm going on memory from reading someone's post here a long while ago now. Obviously we don't know exactly where Delfin's competitors are along the permitting process, but we know its way behind Delfin.
The reason the current CEO Michael Egan has kept this company fully SEC reporting all this time is because he was looking for an opportunity exactly like this one - to sell the shell to a company that could 1) use the net operating losses and two use it as a vehicle to uplist to Nasdaq. Enter Delfin.
I'm sure that Delfin looked into the net operating losses and whether they'd be able to use them before they decided to move forward with the purchase of shares and filings. That alone saves them $160m! Then all that needs to happen is the share price goes over $4 or more - which it will do of course and then uplist to Nasdaq then way higher again afterwards.
Please note, as TGLO have been fully SEC reporting all these years, I believe there will not need to be any waiting period to uplist straight to Nasdaq. If I'm wrong - I'm happy to be corrected. (Smiles.)
This route of finding a shell, buying a controlling interest of 79% (giving the owner of the shares a controlling voting interest as well) of a fully SEC reporting shell company for $25,000, using net operating losses of more than $160m, then up listing straight to Nasdaq is just a master stroke of genius! I'd be shocked if they didn't do this!
By doing this they've saved themselves millions and millions in commission fees for some fat cat merchant bankers on Wall Street who're just sitting on their behind doing diddly squat as "advisors"!
There are so many positives here, this is just a tiny amount of them. There are some really great posters, some really great technical analysis experts here and some who are a bit of both!
My tiny contribution was looking up the new transfer agent (TA). It turns out that the TA is one of the top five in the USA! You don't go out and employ a top notch TA if your staying on the OTC - do you now?
Everything keeps pointing to preparations being made to become a big board company and to make that move as smoothly as they can as soon as they decide to press the go button!
To all my fellow posters here, please fill in the blanks, I know I've left many more of them out.
TGLO
Delfin LNG
QED.
Nano Nano! lol
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
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