TheGlobe.com Inc (TGLO)

[jerrybrockman]

********BOOM!!!!! There IT IS********

Nice nugget here. Big CLUE as to valuation. From page 11, item 11.

. 11. Current gross asset value of the private fund: $ 82,476,336

1 foreign owner of this particular asset is listed and the business was transacted partly in Canada, from page 12, top:

CITCO FUND SERVICES
TORONTO CANADA

Hmmmmmmm has any business been conducted between Delfin and any company in Canada?


https://www.bloomberg.com/news/articles/2015-07-01/enbridge-takes-5-stake-in-gulf-of-mexico-floating-lng-project

So if 5% of the pipeline asset alone without any business conducted through it is worth $82,476,366, then that asset has total raw value of approximately $1.65 B. Now this correlates nicely with the loan offered by the Bank of Korea for $1.5 B, because as many of us know, banks like to see some collateral when making a loan of this size.

https://fairplay.ihs.com/commerce/article/4270061/kdb-provides-usd1-5-billion-financing-to-delfin-flng-project

It is all starting to add up here. While this is an annual filing that hedge funds must make, it does offer some big clues if you have other information to connect the dots. These funds operate in secret, so you’ll never have them lay it all out for you, but to me, for this first part of the paperwork, it looks like a receipt for the 5% stake.

There’s more here and I’d like to break it down further when I have the chance, however, based on my preliminary observation, I’m thinking that this paperwork bolsters my theory that Egan did infact sell at least half of his shares at 7+ per share, but that is for another discussion. Right now I’m 99.99 percent that we are at least looking at ENBs stake.