TheGlobe.com Inc (TGLO)

[NorthPeak22]

I don't think they wait very long. At this point, the FID is the precursor to the reverse merger. The reverse merger is necessary for them to build up an actual funding plan so they can secure their slots at the ship yard and fulfill their duties pertaining to the FERC extension. With projects that are years in the making and with as many moving parts as this one, any slight delay in the timeline in one area can have a domino effect into the other areas of the plan. One thing getting pushed back messes with another and that messes with another and before you know it it's a Souki 2.0. I really don't get that kind of vibe from Delfin and the fact they won't do anything until a real FID is obtained says a lot about their integrity. I feel like Delfin sees a "DLFN" ticker as a necessary tool on the tool belt, while a company like TELL (no FID, no EP, no financing whatsoever for DW) sees their ticker as the entire tool belt itself. They went public without a way to execute their business plan which is a red flag that the TELL ticker was more important than the actual business. Delfin feels like the opposite.