TheGlobe.com Inc (TGLO)

[dave79]

What a damming article on Tellurian (T@LL). Read below: Calling Tell a "pipe dream", which we all knew it was from years and years ago!! Their pricing model is such a ripoff, and when you compare ANY LNG project to Delfin, well.... there is NO comparison! Delfin is light years ahead of everyone else (as their project is Brownfield ready) and was ready years ago. Delfin's time is now and my god, I would love a little "black Friday" holiday love from Mr. Jones and the team. Certainly they ain't going to drop news on a short trading day, but again, ya' never know... Regardless, we are weeks away (at the most) from FID on two ships and a reverse merger.....

Love the summary of Seekingalpha's article below:

The Bottom Line
In sum, Tellurian's market cap prices very little hope for Driftwood becoming a reality.

And in a moment of honesty, Souki admits that he was overconfident (5:36) about Driftwood. There was hope. The fundamentals look very compelling. But now we are facing reality. And Driftwood remains a pipe dream. A dream where investors can lose everything. Or where the upside could be significantly higher.

Also, look at the dilution expectation from Souki & T@LL. They are preparing for a dilution rate of 4x!!! T@LL has already been diluted to heck, and still can't raise the $13B needed to build their project... Just insane. TGLO has ALL their preferred shares ready if needed to raise capital, plus Delfin can easily convert some of their 71% ownership stake to equity as raise. Factor in the fact TGLO should easily hit multiple $$'s prior to FID or shortly thereafter, Delfin won't need to raise much capital.

Souki asserts that of the approximately $12 to $13 billion that it costs to get Driftwood up and running, 35% would come in the form of equity. So, that would be approximately $4 billion. Or put another way, shareholders would see a dilution of 4x.

https://seekingalpha.com/article/4560458-tellurian-pipe-dream?mailingid=29802331&messageid=2800&serial=29802331.8871&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=29802331.8871