TheGlobe.com Inc (TGLO)

[WSB76]

New DD for the upper division students: I quit drinking the “economy” papi for a few hours in order to pour over some records.

Background: On 7-13-22 Delfin announced a binding agreement with Vitol. Delfin was required to inform DOE of this binding agreement within 30 days. DOE waited until 10-27-22 to inform the public of the actual filing of the official full unredacted contract between Delfin and Vitol. The actual date of the signed contract was 7-12-22.

Timeline and takeaway: Delfin’s announcement on 7-13-22 had virtually no effect on tglo stock price. On 8-11-22 (when the actual contract was filed at DOE) 471K shares of tglo traded, this moved tglo from .07 to .11 (first time in two months a quantity of this size had traded) By 8-19-22 tglo pushed through .23 and continued its climb with over a million shares bought on two separate days. These are simple facts of what occurred.

When the SPA was filled with the DOE on 8-11-22 at 02:13pm, Delfin’s layers made it explicitly clear that the contract was privileged and confidential information and that material harm would happen to the parties of the contract if the contract was not handled as privileged material.

There is an obvious cause and effect relationship between the filing of the Vitol contract and the price and volume of tglo shares.

What was printed in the confidential SPA? How many people reviewed it within the DOE? Who bought the couple million shares of tglo immediately following the filing?