Replies to post #30164 on TheGlobe.com Inc (TGLO)

[potatoclump]

i think they've likely had this funding since early this year or 2017, i don't think it's a new development.

they've had at least 1.5 since 2016:

https://fairplay.ihs.com/commerce/article/4270061/kdb-provides-usd1-5-billion-financing-to-delfin-flng-project

[mtlebomac]

Take a stab at responding to the NQ requirements. They're a private company coming into an RM with $7B in assets...again, looking for why they won't 1) use the clean PUBLIC shell to R/M (like TELL did), 2) satisfy a great portion of the NQ reqs.

If not TGLO, are they going to IPO? Why stay private? You and I cannot invest in private companies, hence the public R/M route.

Why did they buy a clean shell? TGLO didn't have the some bloated 1B OS that Megallan did, hence the reason why TELL R/Sd.

If the OS is 441M, and LNG/TELL ~240M, please tell me why they would R/S?

I just can't see it, sorry.

[Jerm17]

They will still use the shell regardless. First off they are paying hundreds of thousands of dollars to keep it current. Second there’s over $60 million dollars in tax credits sitting in the shell waiting for revenues to start so they can use them.