TheGlobe.com Inc (TGLO)

[NorthPeak22]

TELL is way past FID. They went public without it and now they're stuck trying to piecemeal the DW operation with revenue generated from their existing business and, according to Cherif Souki, of the $12B-$13B needed to get DW up and running, ~35% (~$4B) is going to come from dilution to help finance phase 2 and beyond. The rest will come from debt that they would now have to take at MUCH higher interest rates. All they can afford right now is to pay Bechtel to pour concrete and push dirt around the DW construction site. I wouldn't be caught dead putting any money into TELL. IMO, it's more likely that DW fails at this point. We'll see though.