Saturday, August 24, 2019 12:33:44 AM
The facts are that private Delfin still owns 70.9%. Egan is still holding his 4.9%. That is some pretty amazing insider ownership for a penny stock.
Fred Jones has stepped down as CEO of private Delfin and is now only CEO of public TGLO. (While Golar execs have taken over management positions of private Delfin)
IMO the waiting game has been going on way too long for most to handle. So naturally people bail and minds start going off in all directions about what MIGHT be going on behind the scenes.
But when you stick to what has been said in the filings alone, Delfin blatantly said they plan to merge operations with TGLO and Golar has stated in their filings that there may be a spin off company to operate the FLNG’s.
My money is not on Delfin themselves merging into TGLO alone. I think this shell will be used for a newly created Delfin/Golar hybrid “tech” company in charge of running the FLNG’s, and therefore would qualify to use the multi-million dollars in NOLs sitting in the TGLO shell.
I could be dead wrong, but I am still 100% long here and continue to add shares at these levels. Just a matter of time before we know one way or the other.
Recent TGLO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 06:57:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/07/2023 08:01:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 04:16:21 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM