TheGlobe.com Inc (TGLO)

[NorthPeak22]

IMO they have the cash on hand from their investors to negotiate a slot reservation and issue a LNTP. The LNTP is probably going to consist of the procuring of initial building materials for the vessel frame (the real cost comes from the top side equipment). Given they've spent $100M to date and are on the verge of losing building slots, I believe they feel they can fund the initial starting phase. Once the deep water port license comes the big money flows to cover the rest. None of this is as easy as just snapping their fingers and everything is on site at SHI. SHI isn't going to start gathering materials until Delfin has paid for the slot and funded the initial startup.