Thursday, May 29, 2025 10:50:28 AM
I got a writer for Benzinga to do an article in 2023 (See link).
All signs point to them using the shell, but unless Egan has some type of recall if they don't use it then Delfin can always sell it and possibly recoup their funds.
Either that or it was worth using the $1.5 million to park it just in case or a better offer came along. Not the first time a company burned money.
Doubtful, but those are the possible outs for the shell expenditure argument.
https://www.benzinga.com/markets/penny-stocks/23/09/34451072/nat-gas-potential-reverse-merger-tglo-over-70-of-this-company-was-purchased-by-delfin-midstr
All signs point to them using the shell, but unless Egan has some type of recall if they don't use it then Delfin can always sell it and possibly recoup their funds.
Either that or it was worth using the $1.5 million to park it just in case or a better offer came along. Not the first time a company burned money.
Doubtful, but those are the possible outs for the shell expenditure argument.
https://www.benzinga.com/markets/penny-stocks/23/09/34451072/nat-gas-potential-reverse-merger-tglo-over-70-of-this-company-was-purchased-by-delfin-midstr
Recent TGLO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/05/2025 09:51:03 PM
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