Replies to post #3399 on TheGlobe.com Inc (TGLO)

[hispeedsoul]

Its basically a non answer. They can't say they are going public as it would be insider info. It was basically, they may or may not. I'm certain they are going public.

[trademax42]

Both paras are consistent. The first para says:

"The developer of the Delfin LNG export project proposed for offshore Louisiana is considering going public via a reverse merger, according to a source familiar with the matter, a method two other U.S. LNG export hopefuls have used successfully in the past year to access capital markets."

So the key word is considering. My question is what could be a reason to buy a majority stake in a shell. I would like to think Delfin is not really interested in penny stocks trading/investing.

I can only speak for myself. The word "considering" gives me enough confidence to speculate for a potential reverse merger. However, everyone has a different risk/reward tolerance level, so to each their own. Only time will tell the true tale.

This merits attention:

"According to the source,... Delfin is "hedging its bets" by purchasing a majority stake in the Fort Lauderdale, Fla.-based company and will not necessarily decide to go public."

Comments?

$TGLO$

Disclosure: My posts are just my opinion, not intended for investment advice. Do your own DD before trading/investing.

[tychicus]

IMO, won't matter in the short term.. the model they are pursuing has already been successfully undertaken by NEXT and TELL. It's not a mystery if it will succeed as a finance model AND they already have the approval by the government to go offshore, they are not waiting for approval. Long term prospects are good.

Makes sense to double finance the deal if possible.

[jerrybrockman]

So you think that the former CEO, Egan just gave away his shell with 166,000,000 in NOLs for 25k? I suggest a little more DD is in order here for those that just discovered this. That report does not tell the whole story.