
Sunday, April 21, 2024 4:13:16 PM
Comments have been made about Delfin filing a lawsuit which could potentially drag for a long time. Asking for an administrative remedy is a much more expeditious way to potentially resolve things.
Here is the link to the code section outlining the relevant procedure:
https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title33-section1504&num=0&edition=prelim
Briefly, here is my interpretation :
33 USC 1503, specially (c) & (e), defines applicable deadlines subject to the administrative remedies outlined in 33 USC 1504. It looks like Delfin is entitled to a meeting within 30 days of submitting a request, and it also looks like MARAD is required to report progress to the Committee on Commerce, Science, and Transportation of the Senate, amongst other committees.
Senator Cruz seems to be the ranking member on that committee:
https://www.cruz.senate.gov/about/committee-assignments
Finally a thought regarding the real % ownership of TGLO by Delfin:
Between 2015, when Delfin filed the first paperwork with FERC, and Dec 2017 when Delfin officially acquired 71% of TGLO there were three peaks of unusual volume adding up to around 93M! Hard to know what fraction of those trades ended up in new hands and what fraction is still remaining in those hands. GLTA
Recent TGLO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/04/2024 10:30:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/05/2024 09:06:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 06:57:53 PM
Hivello Token ($HVLO) now Live • MATE • Feb 11, 2025 9:27 AM
Animoca Brands leads Hivello funding round ahead of Token Listing • MATEF • Feb 10, 2025 10:20 AM
51 Labs Expands Sports Nutrition Line with Five New Innovative Products, Company in final phase of name and ticker symbol change • CAFI • Feb 10, 2025 9:00 AM
UAV Corp. Expanding in the Global UAV Market, Projected to Exceed $58 Billion by 2027, with Increasing Government and Commercial Sector Adoption • UMAV • Feb 6, 2025 8:30 AM
VAYK Project $700K 2024 Revenue with $150K Net Profit • VAYK • Feb 5, 2025 12:43 PM
UAV Corp (UMAV) Kicks Off Landmark "SKY" Hangar Project with Land Clearing at Costin Airport Setting Stage for Q1 2025 Groundbreaking • UMAV • Feb 5, 2025 8:30 AM