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Re: dinogreeves post# 51018

Monday, 05/06/2024 9:15:27 AM

Monday, May 06, 2024 9:15:27 AM

Post# of 51883
If they needed more than what they currently have they would have acquired it back when they made the $25K deal with Egan (IMHO). All they have to do to dilute minority ownership in TGLO now and increase their control (if needed) is issue more shares in a private placement with Talisman or another controlled entity and then combine it all under one corporate structure when they reverse merge. This would max out the AS at 500,000,000 where it can languish for a couple years and have the price beat up until production is a go. This is why I think DLFN will end up trading on the AMEX exchange where TELL is. The AMEX is a good exchange for this project bc the requirements are much less stringent to stay in compliance and they can get access to large institutions. They could then do a reverse split and setup the share structure how they want a couple of years down the road as the project really ramps up and there are more vessels in the production pipeline. There are many options available to Delfin when it comes to going public through TGLO.